NSG Group announced that the executive officers and senior management will voluntarily take a salary reduction to help accelerate the business recovery, as the current global economic situation has severely impacted some of the Group’s businesses.
As part of the initiative, Munehiro Hosonuma, Representative Executive Officer, President and CEO, will reduce his basic salary by 30 percent for the period from February to June 2025. Akihito Okochi, Senior Executive Officer, CFO, will voluntarily reduce his basic salary by 15 percent from February to April 2025.
Other Executive Officers and Senior Management reporting directly to the CEO will also reduce their base salary for three months starting in February.
This initiative represents the commitment and dedication of the management to emerge stronger from this challenging period.