Introduction and Operation of a Performance-Linked Stock Compensation Plan
First written in FY2018-Q3. 14 of 23 entries say "Restated". Latest entry: FY2027-H1.
21 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The carrying amount and number of shares of the treasury shares were ¥159.506 million and 622,900 shares, respectively, at the end of the previous consolidated fiscal year, and ¥253.906 million and 749,100 shares, respectively, at the end of the interim consolidated accounting period.」
The company continues to apply the accounting treatment for the performance-linked share compensation plan and trust-held shares. The number of the company's shares remaining in the trust is disclosed as 749,100. - 2026-07-15AdvancedShare Issuance and Disposal
「In connection with the continuation of this plan, we have decided to make an additional cash contribution to the trust, referred to below as the “Additional Trust Contribution,” so that the trust can acquire the shares expected to be required for future benefits. We have also decided to dispose of treasury shares to Japan Custody Bank Co., Ltd. (Trust E Account), the re-trustee that has received a re-trust from the trustee of the trust established under the trust agreement, referred to below as the “Trust,” in order to hold and dispose of our shares in operating the plan. This transaction is referred to as the “Disposition of Treasury Shares.”」
For the performance-linked share-based compensation plan, resolutions were passed concerning the additional trust contribution required to continue the plan and the disposition of 230,000 treasury shares, bringing the plan into the concrete implementation stage. The canonical thread has not been changed. - FY2026AchievedAnnual report
「The target metric for the Stock Benefit Trust for the current fiscal year is operating profit, set at a target of ¥1,100 million for the current fiscal year so that it functions as an incentive to achieve the company's management plan. Actual operating profit was ¥1,166 million.」
Against the operating profit target of ¥1,100 million for the performance-linked share compensation, actual operating profit was ¥1,166 million, achieving the metric target for the current fiscal year. - 2026-05-01ReframedGeneral Meetings of Shareholders
「We are asking for approval of this proposal because we wish to partially revise the plan. The main details of the revisions are as follows.」
For the performance-linked share-based compensation plan, proposals have been made to convert part of the share-based benefits into cash benefits, eliminate the upper limit on trust contributions, establish a compensation limit separate from basic compensation, and extend the covered period from 2 fiscal years to 3 fiscal years. - FY2026-H1RestatedAnnual report
「The company's shares remaining in the trust are recorded as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥197.839 million and 772,600 shares at the end of the previous consolidated fiscal year, and ¥159.506 million and 622,900 shares at the end of the interim consolidated accounting period, respectively.」
The company continues the accounting treatment for the performance-linked share compensation plan and trust shares, and disclosed that the number of shares held by the trust at the interim period-end was 622,900 shares. - FY2025AchievedAnnual report
「The target metric for the Stock Benefit Trust for the current fiscal year is operating profit, set at a target of ¥600 million for the current fiscal year so that it functions as an incentive to achieve the company's management plan. Actual operating profit was ¥875 million.」
Against the operating profit target of ¥600 million for the performance-linked share compensation, actual operating profit was ¥875 million, achieving the metric target for the current fiscal year. - FY2024WorsenedAnnual report
「The target metric for the Stock Benefit Trust for the current fiscal year is operating profit, set at a target of ¥300 million for the current fiscal year so that it functions as an incentive to achieve the company's management plan. Actual operating profit was ¥270 million.」
Against the operating profit target of ¥300 million for the performance-linked share compensation, actual operating profit was ¥270 million, and the target shortfall was disclosed. - FY2024-Q1RestatedAnnual report
「The company's shares remaining in the trust are recorded as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥138.283 million and 501,800 shares at the end of the previous consolidated fiscal year, and ¥134.452 million and 487,900 shares for the first quarter of the current consolidated fiscal year, respectively.」
The company continues the accounting treatment for the performance-linked share compensation plan and the delivery of its own shares through a trust. The number of company shares remaining in the trust was disclosed as 487,900 shares. - FY2023-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥157.022 million and 569,800 shares at the end of the previous consolidated fiscal year, and ¥138.283 million and 501,800 shares for the third quarter of the current consolidated fiscal year, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust, and disclosed that 501,800 company shares remained in the trust. - FY2022WorsenedAnnual report
「The target metric for the Stock Benefit Trust for the current fiscal year is operating profit, set at a target of ¥150 million for the current fiscal year so that it functions as an incentive to achieve the company's management plan. Actual operating profit was ¥45 million.」
Against the operating profit target of ¥150 million for the performance-linked share compensation, actual operating profit was ¥45 million, with the target shortfall continuing from the previous year. - FY2022-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥207.038 million and 751,300 shares at the end of the previous consolidated fiscal year, and ¥157.022 million and 569,800 shares for the second quarter of the current consolidated fiscal year, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust, and disclosed that 569,800 company shares remained in the trust. - FY2021WorsenedAnnual report
「The target metric for the Stock Benefit Trust for the current fiscal year is operating profit, set at a target of ¥400 million for the current fiscal year so that it functions as an incentive to achieve the company's management plan. Actual operating profit was ¥183 million.」
Against the operating profit target of ¥400 million for the performance-linked share compensation, actual operating profit was ¥183 million, changing from achievement of the previous year's target to failure to meet the target. - FY2021-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥263.779 million and 957,200 shares at the end of the previous consolidated fiscal year, and ¥230.462 million and 836,300 shares for the third quarter of the current consolidated fiscal year, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust. The number of company shares remaining in the trust was disclosed as 836,300 shares. - FY2021-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥263.779 million and 957,200 shares at the end of the previous consolidated fiscal year, and ¥233.686 million and 848,000 shares for the second quarter of the current consolidated fiscal year, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust, and disclosed that 848,000 company shares remained in the trust. - FY2021-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥263.779 million and 957,200 shares at the end of the previous consolidated fiscal year, and ¥245.205 million and 889,800 shares for the first quarter of the current consolidated fiscal year, respectively.」
The company continues the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust. The shares of the company remaining in the trust were disclosed as 889,800 shares. - FY2020AdvancedAnnual report
「The target metric for the Stock Benefit Trust for the current fiscal year is operating profit, set at a target of ¥200 million for the current fiscal year so that it functions as an incentive to achieve the company's management plan. Actual operating profit was ¥355 million.」
For the performance-linked share compensation, operating profit of ¥200 million was set as the metric for the current fiscal year's assessment, while actual operating profit was ¥355 million. - FY2020-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥161.939 million and 558,800 shares at the end of the previous consolidated fiscal year, and ¥263.779 million and 957,200 shares at the end of the third quarter consolidated accounting period, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust. The number of shares held by the trust was disclosed as 957,200 shares. - FY2020-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥161.939 million and 558,800 shares at the end of the previous consolidated fiscal year, and ¥263.779 million and 957,200 shares at the end of the second quarter consolidated accounting period, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust. The shares of the company remaining in the trust were disclosed as 957,200 shares. - FY2020-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥161.939 million and 558,800 shares at the end of the previous consolidated fiscal year, and ¥161.534 million and 557,400 shares for the first quarter of the current consolidated fiscal year, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust, and has disclosed the number of shares held by the trust. - FY2019RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥195.353 million and 674,100 shares at the end of the previous consolidated fiscal year, and ¥161.939 million and 558,800 shares at the end of the current consolidated fiscal year, respectively.」
The company continued operating the performance-linked share compensation plan and disclosed the number of shares held by the trust and their carrying amount for the full year. - FY2019-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥195.353 million and 674,100 shares at the end of the previous consolidated fiscal year, and ¥176.256 million and 608,200 shares at the end of the third quarter consolidated accounting period, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust. The number of shares held by the trust at the end of the third quarter was 608,200 shares. - FY2019-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥195.353 million and 674,100 shares at the end of the previous consolidated fiscal year, and ¥176.256 million and 608,200 shares at the end of the second quarter consolidated accounting period, respectively.」
The company continues to operate the performance-linked share compensation plan and the mechanism for delivering its own shares through a trust. The number of shares held by the trust at the quarter-end was disclosed as 608,200 shares. - FY2018-Q3First statedAnnual report
「The company has introduced a performance-linked share compensation plan for directors and executive officers of the company and its Group companies.」
The performance-linked share compensation plan for directors and executive officers is operated through a mechanism under which the company's shares are acquired and delivered through a trust bank. The number of shares held by the trust at the end of the third quarter accounting period was reported as 674,100 shares.