Introduction of a Restricted Stock Compensation Plan
First written in FY2020. 3 of 7 entries say "Restated". Latest entry: FY2024-Q1.
19 other companies' latest entry also says "Other".
- FY2024-Q1Lapse of rights to restricted stockAnnual report
「Following the Company's gratuitous acquisition of 100 restricted shares whose rights lapsed because the employees to whom they had been granted retired during the current first quarter, the number of shares with full voting rights, excluding treasury shares and other shares, was 816 as of the end of the current first quarter.」
The rights to 100 restricted shares granted to retired employees lapsed, and the Company acquired the shares without consideration, as disclosed. - FY2022RaisedAnnual report
「In addition, at the 34th Annual General Meeting of Shareholders held on 25 October 2022, the Company resolved, separately from the compensation amount described above, to introduce a restricted stock compensation plan for its officers. The purpose is to provide directors other than directors who are Audit & Supervisory Committee Members with incentives to achieve sustained growth in corporate value and to further align their interests with shareholders, and to provide directors who are Audit & Supervisory Committee Members with incentives to prevent the impairment of corporate value and maintain confidence through alignment of their interests with shareholders.」
The scope of the restricted stock compensation plan has been expanded to include the newly covered directors who are Audit & Supervisory Committee Members, with annual monetary and share-number limits established for each officer category. - FY2021RestatedAnnual report
「The amount of directors' compensation and other remuneration for the current fiscal year was determined by a resolution of the Board of Directors, following deliberation including by Outside Audit & Supervisory Board Members at a Board meeting held on 27 October 2020. The determination was based on the Company's performance and the degree of contribution to enhancing corporate value, within the limit approved at the extraordinary general meeting of shareholders held on 8 December 2017, namely an annual amount of no more than ¥200 million, excluding the employee portion of compensation for directors who concurrently serve as employees.」
The executive compensation policy, including the restricted stock compensation plan, and its operation during the fiscal year have been reconfirmed. - FY2021-Q3RestatedAnnual report
「Based on a resolution of the Board of Directors at its meeting held on 27 October 2020, the Company issued new shares as restricted stock compensation on 20 November 2020. During the cumulative third quarter, stated capital and capital surplus each increased by ¥12.78 million.」
The issuance of new shares as restricted stock compensation and the resulting ¥12.78 million increases in both stated capital and capital surplus have been reconfirmed. - FY2021-Q2RestatedAnnual report
「Based on a resolution of the Board of Directors at its meeting held on 27 October 2020, the Company issued new shares as restricted stock compensation on 20 November 2020. During the cumulative second quarter, stated capital and capital surplus each increased by ¥12.78 million.」
The issuance of new shares as restricted stock compensation and the resulting increases in stated capital and capital surplus have been reconfirmed. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 October 2020, the Company resolved to issue new shares as restricted stock compensation (the "New Share Issue") as described below, and payment was completed on 20 November 2020.」
Under the restricted stock compensation plan, the issuance and payment of a total of 9,000 new shares to 5 directors and 33 employees was completed. A plan for employees was also introduced. - FY2020AchievedAnnual report
「At a meeting of the Board of Directors held on 14 September 2020, the Company reviewed its executive compensation system and resolved to introduce a restricted stock compensation plan (the "Plan"). The proposal concerning the Plan was approved at the 32nd Annual General Meeting of Shareholders held on 27 October 2020 (the "General Meeting").」
The introduction of a restricted stock compensation plan intended to align the interests of directors, Audit & Supervisory Board members and shareholders and enhance corporate value has been approved.