June 26, 2015 / 6:53 AM / 2 years ago

Takata CEO compensation more than halves last financial year: filing

TOKYO (Reuters) - Takata Corp 7312.T Chief Executive Shigehisa Takada earned less than 100 million yen ($810,373) in the business year ended in March, or less than half of the 206 million yen ($1.67 million) he took home in the previous year, a regulatory filing showed on Friday.

Takata Corp Chief Executive Shigehisa Takada prepares to leave a news conference in Tokyo, Japan, June 25, 2015. REUTERS/Yuya Shino

Listed Japanese companies are required to disclose individual executive compensation only if it exceeds 100 million yen. The filing did not specify his compensation.

Takata, the Japanese auto safety parts maker at the center of a massive recall for potentially defective air bag inflators, had said it would slash executives’ salaries last year as the safety crisis escalated. Its four internal directors including Takada were paid no bonus, and made a total of 208 million yen.

Takada, the grandson of the company’s founder, on Thursday apologized in his first news conference since the recall saga erupted, and said Takata’s six directors, including one external, would again return part of their pay this year.

A Takata spokesman said Takada would have his salary cut by 25 percent for a year, while the other five would get 20 percent less.

Reporting by Chang-Ran Kim; Editing by Chris Gallagher

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