Introduction of a Performance-Linked Stock Compensation Plan
First written in FY2019. 9 of 17 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The targets for the current fiscal year were a consolidated operating margin on sales of 5.1% and consolidated net income of ¥4,340 million. Actual results against these targets were a consolidated operating margin on sales of 8.2% and consolidated net income of ¥7,006 million.」
Under the performance-linked stock compensation plan, both the operating margin on sales and consolidated net income exceeded their annual targets. - FY2026-H1AdvancedAnnual report
「The Board of Directors resolved to extend the plan at meetings held on 10 August 2022 and 8 August 2025.」
For the stock compensation plan for directors through a BIP trust, an additional extension was approved on 8 August 2025, formalising the plan's continued operation. - FY2025AdvancedAnnual report
「The targets for the current fiscal year were a consolidated operating margin on sales of 4.1% and consolidated net income of ¥2,440 million. Actual results against these targets were a consolidated operating margin on sales of 8.0% and consolidated net income of ¥4,441 million.」
Under the performance-linked stock compensation plan, both the operating margin on sales and consolidated net income exceeded their targets. - FY2024AdvancedAnnual report
「The targets for the current fiscal year were a consolidated operating margin on sales of 2.4% and consolidated net income of ¥700 million. Actual results against these targets were a consolidated operating margin on sales of 4.0% and consolidated net income of ¥3,525 million.」
Under the performance-linked stock compensation plan, both the operating margin on sales and consolidated net income exceeded their annual targets. - FY2024-Q2RestatedAnnual report
「In August 2019, the company introduced a new stock-based compensation plan, referred to below as the Plan, for directors other than directors residing outside Japan. The purpose is to align directors' profit awareness with that of shareholders from a medium- to long-term perspective and motivate management focused on medium- to long-term performance and the share price. At a meeting of the Board of Directors held on 10 August 2022, the company also resolved to extend the Plan.」
The stock compensation plan for directors was introduced in August 2019 and has continued to operate through a BIP trust following the resolution to extend it in August 2022. - FY2024-Q1RestatedAnnual report
「In August 2019, the company introduced a new stock-based compensation plan, referred to below as the Plan, for directors other than directors residing outside Japan. The purpose is to align directors' profit awareness with that of shareholders from a medium- to long-term perspective and motivate management focused on medium- to long-term performance and the share price. At a meeting of the Board of Directors held on 10 August 2022, the company also resolved to extend the Plan.」
The stock compensation plan for directors has continued to operate following the resolution to extend it in August 2022. - FY2023Failure to achieve the performance-linked targetsAnnual report
「The targets for the current fiscal year were a consolidated operating margin on sales of 3.8% and consolidated net income of ¥1,780 million, but neither target was achieved.」
Under the performance-linked stock compensation plan, neither of the current year's targets, a consolidated operating margin on sales of 3.8% and consolidated net income of ¥1,780 million, was achieved. - FY2023-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 10 August 2022, the company resolved to extend the Plan.」
For the performance-linked stock-based compensation plan for directors, operation of the plan through the BIP trust has continued following the extension resolution in August 2022. - FY2023-Q1AdvancedAnnual report
「In August 2019, the company introduced a new stock-based compensation plan, referred to below as the Plan, for directors other than directors residing outside Japan. The purpose is to align directors' profit awareness with that of shareholders from a medium- to long-term perspective and motivate management focused on medium- to long-term performance and the share price. At a meeting of the Board of Directors held on 10 August 2022, the company also resolved to extend the Plan.」
For the stock-based compensation plan for directors, the Board of Directors resolved to extend the Plan at its meeting held on 10 August 2022, formalizing its continued operation. - FY2022AdvancedAnnual report
「The targets for the performance indicators for the fiscal year were a consolidated operating margin on sales of 6.8% and consolidated net income of ¥3,300 million. The achievement rates against the targets were 41.7% for the consolidated operating margin on sales and 76.7% for consolidated net income.」
For the performance-linked stock-based compensation plan, the company disclosed the targets and achievement rates for the performance indicators for the fiscal year, providing specific details of the plan's operation. - FY2021AdvancedAnnual report
「The targets for the performance indicators for the fiscal year were a consolidated operating margin on sales of 5.96% and consolidated net income of ¥2,740 million. The achievement rates against the targets were 137.1% for the consolidated operating margin on sales and 148.3% for consolidated net income.」
For the performance-linked stock-based compensation plan, the company disclosed the targets and achievement rates for the performance indicators for the fiscal year, providing specific details of the plan's operation. - FY2021-Q2RestatedAnnual report
「In August 2019, the company introduced a new stock-based compensation plan, referred to below as the Plan, for directors other than directors residing outside Japan. The purpose is to align directors' profit awareness with that of shareholders from a medium- to long-term perspective and motivate management focused on medium- to long-term performance and the share price.」
The company continued to disclose that its stock-based compensation plan for directors had been introduced in August 2019. - FY2021-Q1RestatedAnnual report
「In August 2019, the company introduced a new stock-based compensation plan, referred to below as the Plan, for directors other than directors residing outside Japan. The purpose is to align directors' profit awareness with that of shareholders from a medium- to long-term perspective and motivate management focused on medium- to long-term performance and the share price.」
The company continued to disclose that its stock-based compensation plan for directors had been introduced in August 2019. - FY2020AdvancedAnnual report
「The targets for the performance indicators for the fiscal year were a consolidated operating margin on sales of 3.8% and net income attributable to owners of the parent of ¥2,120 million. The achievement rates were 147.6% for the consolidated operating margin on sales and 73.3% for net income attributable to owners of the parent.」
For the performance-linked stock-based compensation plan for directors, the company disclosed for the first time on an annual basis the operating results and achievement rates using the consolidated operating margin on sales and net income attributable to owners of the parent as performance indicators. - FY2020-Q3RestatedAnnual report
「In August 2019, the company introduced a new stock-based compensation plan, referred to below as the Plan, for directors other than directors residing outside Japan. The purpose is to align directors' profit awareness with that of shareholders from a medium- to long-term perspective and motivate management focused on medium- to long-term performance and the share price.」
The company continued to disclose that its stock-based compensation plan for directors had been introduced in August 2019. - FY2020-Q2AdvancedAnnual report
「In August 2019, the company introduced a new stock-based compensation plan, referred to below as the Plan, for directors other than directors residing outside Japan. The purpose is to align directors' profit awareness with that of shareholders from a medium- to long-term perspective and motivate management focused on medium- to long-term performance and the share price.」
In August 2019, the company introduced a BIP trust for director compensation, moving the performance-linked stock-based compensation plan approved in the previous fiscal year into the implementation phase. - FY2019First statedAnnual report
「At the 56th Annual General Meeting of Shareholders held on 21 June 2019, shareholders approved the introduction of a new stock-based compensation plan for directors, separate from the existing limit on directors' remuneration approved at the 46th Annual General Meeting of Shareholders held on 26 June 2009. The purpose of the plan is to align directors' profit awareness with that of shareholders from a medium- to long-term perspective and motivate management focused on medium- to long-term performance and the share price.」
The company introduced a plan for directors comprising fixed stock-based compensation and performance-linked stock-based compensation. The covered period is 3 fiscal years, the contribution limit is ¥230 million, and the annual points limit is 49,000 points. The performance indicators are the consolidated operating margin on sales and net income attributable to owners of the parent.