Business
DENSO : Notice Concerning the Revision of the Officer Remuneration System
DENSO : Notice Concerning the Revision of the Officer Remuneration
About this update from Sawafuji Electric Co., Ltd.
[{"type":"text","content":"Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.May 22, 2026Company name: DENSO CORPORATIONName of representative: Shinnosuke Hayashi, President and CEO(Securities code: 6902;Tokyo and Nagoya Stock Exchanges)Inquiries: Tadashi Arai, Director, Finance & Accounting Div.(Telephone: +81-566-25-5511)Notice Concerning the Revision of the Officer Remuneration SystemDENSO CORPORATION (the “Company”) hereby announces that, at a meeting of the Board of Directors held today, it resolved to revise the remuneration system (hereinafter referred to as the “Remuneration System Revision”) for Directors (excluding non-executive directors and outside directors; hereinafter referred to as the “Eligible Directors”). In addition, as part of the Remuneration System Revision, the Company resolved to introduce a performance-linked share remuneration system utilizing a trust and to submit a proposal concerning such system to the 103rd Annual General Meeting of Shareholders scheduled to be held on June 18, 2026 (hereinafter referred to as the “General Meeting of Shareholders”).With respect to the trust-based share remuneration system, the Company has separately disclosed today a notice entitled “Notice Concerning the Introduction of a Trust-Based Share Remuneration System and the Disposal of Treasury Shares,” and kindly requests that you refer to such notice.Purpose of the Remuneration System RevisionThe Company has decided to review its remuneration system in order to strengthen incentives aimed at encouraging the achievement of the key performance indicators set forth in the 2030 Mid-Term Management Plan “CORE 2030”, and at promoting sustainable business growth and the enhancement of medium- to long-term corporate value through the further sharing of value with shareholders.With respect to the Remuneration System Revision, the Board of Directors adopted the resolution after repeated deliberations by the Officer Nomination and Remuneration Committee, which is composed of a majority of independent outside directors and chaired by an independent outside director, and the revision has been determined through objective and transparent procedures.Overview of the Remuneration System RevisionR...