Executive Compensation
Amount of Executive Compensation and Other Matters
Reference: 199th Annual Securities Report (IFRS) published on March 28, 2025 (available only in Japanese)
Total amount of executive compensation and other benefits for each officer category, total amount of compensation and other benefits by type, and number of applicable officers
| Category | Total amount of compensation (million yen) |
Amount paid by type (million yen) | Number of persons | |||
|---|---|---|---|---|---|---|
| Job-based compensation | Short-term incentives (STI) |
Long-term incentives (LTI) |
||||
| Performance-linked compensation |
Cash compensation | Restricted stock compensation |
||||
| Directors (excluding Independent Directors) |
- | - | - | - | - | - |
| Executive Officers | 1,414 (561) |
1,383 (529) |
19 (19) |
12 (12) |
- (-) |
3 |
| Independent Directors | 287 | 194 | - | - | 92 | 6 |
| Total | 1,702 (848) |
1,577 (724) |
19 (19) |
12 (12) |
92 (92) |
9 |
Notes:
１: The total amount of compensation, etc. above is prescribed as consolidated compensation, etc. (total amount of compensation, etc. paid by the Company and subsidiaries). Regarding the total amount of compensation, etc. for Executive Officers, the amounts in the parentheses indicate the total amount of compensation, etc. paid by the Company. Regarding the amounts of compensation, etc. for Directors (excluding Independent Directors) and Independent Directors, the total amount of consolidated compensation, etc. is the total amount of compensation, etc. paid by the Company.
２: Directors who concurrently serve as Executive Officers are excluded from the number of Directors, as they do not receive compensation in their capacity as Directors.
３: The number of Directors excludes Director Goh Hup Jin, who does not receive compensation.
４: Job-based compensation includes allowances for committee memberships and other roles paid to Directors.
５: Performance-linked compensation is the total amounts expensed in FY2024.
６: The amount of Long-term incentives is the total amount expensed in FY2024.
The consolidated compensation of each Officer for FY2024 (January 1, 2024 to December 31, 2024) is as follows.
Total amount of consolidated compensation, etc. by Officer
| Name | Total amount of consolidated compensation and other benefits (million yen) |
Officer category | Company category | Total amount of consolidated compensation and other benefits by type (million yen) |
||
|---|---|---|---|---|---|---|
| Job-based Compensation and other benefits | Performance-linked Compensation | Long-term Incentives | ||||
| Yuichiro Wakatsuki | 500 | Director serving concurrently as Executive Officer | Filing company | 500 | - | - |
| Wee Siew Kim | 853 | Director serving concurrently as Executive Officer | Filing company | - | - | - |
| Nippon Paint Holdings SG Pte. Ltd. (consolidated subsidiary of the Company) |
853 | - | - | |||
Note:
１: Only the Officers whose total amount of consolidated compensation, etc. is 100 million yen or more are disclosed.
２: The amount of compensation, etc. of Nippon Paint Holdings SG Pte. Ltd. is converted into Japanese yen using the average exchange rate during the period (1S$=113.81円).