Performance-linked Share-Based Compensation Plan for Directors and Executive Officers
First written in FY2017-Q2. 14 of 31 entries say "Restated". Latest entry: FY2027-H1.
77 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥1,193 million and 1,237,029 shares, respectively, at the end of the previous consolidated fiscal year, and ¥1,359 million and 1,310,088 shares, respectively, at the end of the current interim consolidated accounting period. At a Board of Directors meeting held on 5 August 2026, the Company decided to extend the trust period and make an additional contribution to the trust. As additional shares were acquired during the current interim consolidated accounting period, both the carrying amount and number of shares increased from the end of the previous consolidated fiscal year.」
As a result of extending the trust term and making an additional contribution to the BIP trust, shares held increased from 1,237,029 to 1,310,088 and their carrying amount increased from ¥1,193 million to ¥1,359 million. - FY2026ReframedAnnual report
「To align with the "Medium-Term Management Plan 2028," which began in April 2026, the Company plans to change the KPIs for the BIP trust as follows.」
For the executive compensation BIP trust KPIs, the Company plans to remove the total payout ratio and change the employee engagement score to an employee engagement rating. - FY2026-H1Decrease in shares held by the trustAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥1,210 million and 1,255,055 shares at the end of the previous consolidated fiscal year and ¥1,193 million and 1,237,029 shares at the end of the current interim consolidated accounting period, respectively.」
The performance-linked share-based compensation plan remains in place, but the shares remaining in the BIP trust decreased from 1,255,055 to 1,237,029 and their carrying amount decreased from ¥1,210 million to ¥1,193 million. - FY2025-H1Decrease in shares held by the trustAnnual report
「The carrying amount and number of these treasury shares were ¥1,303 million and 1,351,411 shares at the end of the previous consolidated fiscal year and ¥1,210 million and 1,255,055 shares at the end of the current interim consolidated accounting period, respectively.」
The performance-linked share-based compensation plan remains in place, but the shares remaining in the BIP trust decreased from 1,351,411 to 1,255,055 and their carrying amount decreased from ¥1,303 million to ¥1,210 million. - FY2024-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥445 million and 628,754 shares at the end of the previous consolidated fiscal year and ¥1,303 million and 1,351,411 shares at the end of the current third-quarter consolidated accounting period, respectively.」
The balance of shares held by the executive compensation BIP trust after the additional contribution and share acquisition, 1,351,411 shares with a carrying amount of ¥1,303 million, has been maintained since the second quarter. - FY2024-Q2AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥445 million and 628,754 shares, respectively, at the end of the previous consolidated fiscal year, and ¥1.303 billion and 1,351,411 shares, respectively, at the end of the current second-quarter consolidated accounting period. In accordance with a resolution at the annual general meeting of shareholders for the fiscal year ended March 2023 held on 29 June 2023, the Company decided to extend the trust period and make an additional contribution to the trust. As additional shares were acquired during the cumulative second quarter, the carrying amount and number of shares increased from the end of the previous consolidated fiscal year.」
For the executive compensation BIP trust, shares held increased from 628,754 to 1,351,411 and their carrying amount increased from ¥445 million to ¥1,303 million as a result of an extension of the trust term and an additional contribution to the trust. - FY2023RaisedAnnual report
「At the annual general meeting of shareholders for the fiscal year ended March 2023, held on 29 June 2023, a resolution was passed to partially revise the amount and terms of performance-linked share-based compensation and other matters for Directors and Others, excluding directors who are Audit and Supervisory Committee members. Accordingly, the matters described in (a) and (b) have been changed as follows.」
For performance-linked share-based compensation, the aggregate maximum trust contribution for 3 fiscal years was increased from ¥645 million to ¥1,500 million and the maximum number of shares to be acquired was increased from 1,050,000 to 1,800,000, with employee engagement scores, GHG emissions reduction rates and other metrics added as KPIs. - FY2023-Q2Decrease in shares held by the trustAnnual report
「The carrying amount and number of these treasury shares were ¥452 million and 639,519 shares at the end of the previous consolidated fiscal year and ¥445 million and 628,754 shares at the end of the current second-quarter consolidated accounting period, respectively.」
The performance-linked share-based compensation plan remains in place, but the shares remaining in the BIP trust decreased from 639,519 to 628,754 and their carrying amount decreased from ¥452 million to ¥445 million. - FY2023-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥452 million and 639,519 shares at the end of the previous consolidated fiscal year and ¥452 million and 639,519 shares at the end of the current first-quarter consolidated accounting period, respectively.」
The Company continued the BIP trust-based performance-linked share-based compensation plan and recognized 639,519 shares held by the trust, with a carrying amount of ¥452 million. - FY2022-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥211 million and 357,131 shares, respectively, at the end of the previous consolidated fiscal year, and ¥452 million and 639,519 shares, respectively, at the end of the current third-quarter consolidated accounting period. In accordance with a resolution at the annual general meeting of shareholders for the fiscal year ended March 2021 held on 29 June 2021, the Company decided to extend the trust period and make an additional contribution to the trust. As additional shares were acquired during the cumulative third quarter, the carrying amount and number of shares increased from the end of the previous consolidated fiscal year.」
The Company continued the BIP trust-based share-based compensation plan and recognized 639,519 shares held by the trust, with a carrying amount of ¥452 million. There was no change in the balance from the end of the second quarter. - FY2022-Q2AdvancedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥211 million and 357,131 shares at the end of the previous consolidated fiscal year and ¥452 million and 639,519 shares at the end of the current second-quarter consolidated accounting period, respectively. In accordance with a resolution at the annual general meeting of shareholders for the fiscal year ended March 2021, held on 29 June 2021, the Company decided to extend the trust term and make an additional contribution to the trust, and acquired additional shares during the six-month period ended the current second quarter. As a result, the carrying amount and number of shares increased from the end of the previous consolidated fiscal year.」
For the performance-linked share-based compensation plan, shares held by the trust increased from 357,131 to 639,519 and their carrying amount increased from ¥211 million to ¥452 million as a result of the extension of the trust term and an additional contribution to the trust. - FY2022-Q1RestatedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥211 million and 357,131 shares at the end of the previous consolidated fiscal year and ¥211 million and 357,131 shares at the end of the current first-quarter consolidated accounting period, respectively.」
The Company continued the performance-linked share-based compensation plan and BIP trust and recognized 357,131 shares held by the trust, with a carrying amount of ¥211 million. - FY2021RaisedAnnual report
「At the annual general meeting of shareholders for the fiscal year ended March 2021, held on 29 June 2021, a resolution was passed to partially revise the amount and terms of performance-linked share-based compensation and other matters for Directors and Others. The aggregate maximum trust contribution for the 3-year performance period is ¥645 million, and the maximum number of shares scheduled to be acquired by Directors and Others is 1,050,000 shares.」
For performance-linked share-based compensation, the maximum contribution was increased from ¥250 million to ¥645 million and the maximum number of shares was increased from 540,000 to 1,050,000, with financial, shareholder value and non-financial metrics added as performance conditions. - FY2021-Q3RestatedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥235 million and 397,766 shares at the end of the previous consolidated fiscal year and ¥211 million and 357,131 shares at the end of the current third-quarter consolidated accounting period, respectively.」
The Company continued the performance-linked share-based compensation plan and recognized 357,131 shares remaining in the BIP trust, with a carrying amount of ¥211 million. There was no change in the balance from the end of the second quarter. - FY2021-Q2Decrease in shares held by the trustAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥235 million and 397,766 shares at the end of the previous consolidated fiscal year and ¥211 million and 357,131 shares at the end of the current second-quarter consolidated accounting period, respectively.」
The performance-linked share-based compensation plan remains in place, but the shares remaining in the BIP trust decreased from 397,766 to 357,131 and their carrying amount decreased from ¥235 million to ¥211 million. - FY2021-Q1RestatedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥235 million and 397,766 shares at the end of the previous consolidated fiscal year and ¥235 million and 397,766 shares at the end of the current first-quarter consolidated accounting period, respectively.」
The Company continued the performance-linked share-based compensation plan and BIP trust and recognized 397,766 shares held by the trust, with a carrying amount of ¥235 million. - FY2020AdvancedAnnual report
「On 9 August 2019, the Company entered into an agreement to extend the trust term, resulting in an extended trust term of 21 September 2019 to 20 September 2022. Based on a resolution of the Board of Directors meeting held on 8 August 2019, the Company decided to extend the trust term by 3 years and make an additional contribution to the trust, and acquired additional shares during the current consolidated fiscal year.」
The BIP trust term was extended and an additional contribution and additional share acquisition were made. The shares held by the trust totaled 397,766, with a carrying amount of ¥235 million, and performance-linked points were also to be granted during the current fiscal year. - FY2020-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥208 million and 364,751 shares at the end of the previous consolidated fiscal year and ¥235 million and 397,766 shares at the end of the current third-quarter consolidated accounting period, respectively.」
The performance-linked share-based compensation plan and BIP trust structure remain in place. The shares held by the trust were unchanged from the end of the second quarter at 397,766 shares, with a carrying amount of ¥235 million. - FY2020-Q2Increase in shares held by the trustAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥208 million and 364,751 shares at the end of the previous consolidated fiscal year and ¥235 million and 397,766 shares at the end of the current second-quarter consolidated accounting period, respectively.」
The performance-linked share-based compensation plan remains in place, and the shares remaining in the BIP trust increased from 364,751 to 397,766, while their carrying amount increased from ¥208 million to ¥235 million. - FY2020-Q1RestatedAnnual report
「The Company introduced a share-based compensation plan (the "Plan") in fiscal 2016 as an incentive plan for directors and executive officers, excluding outside directors and non-residents of Japan (collectively, "Directors and Others"). The Plan is designed to increase awareness of contributing to the improvement of the Company's medium- to long-term performance and the enhancement of corporate value, and is a compensation plan that is highly linked to corporate performance and has a high degree of transparency and objectivity. Specifically, the Company has adopted a mechanism known as the BIP (Board Incentive Plan) trust for executive compensation (the "BIP Trust"), under which shares of the Company acquired through the BIP Trust and cash equivalent to the proceeds from their sale are delivered or paid to Directors and Others according to their positions and the degree to which performance targets are achieved. The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥208 million and 364,751 shares at the end of the previous consolidated fiscal year and ¥208 million and 364,751 shares at the end of the current first-quarter consolidated accounting period, respectively.」
The Company continued the performance-linked share-based compensation plan and BIP trust structure and recognized 364,751 shares held by the trust, with a carrying amount of ¥208 million. - FY2019No performance-linked points grantedAnnual report
「As the performance of each performance-linked indicator did not reach its target, no points were granted to the Directors and Others during the current fiscal year.」
The performance-linked share-based compensation plan remains in place, but actual revenue, operating profit and net income fell short of their targets, and no points were granted during the year. - FY2019-Q3RestatedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥239 million and 419,850 shares at the end of the previous consolidated fiscal year and ¥208 million and 364,751 shares at the end of the current third-quarter consolidated accounting period, respectively.」
The Company continued the performance-linked share-based compensation plan and BIP trust structure and recognized 364,751 shares held by the trust, with a carrying amount of ¥208 million. - FY2019-Q2Decrease in shares held by the trustAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥239 million and 419,850 shares at the end of the previous consolidated fiscal year and ¥208 million and 364,751 shares at the end of the current second-quarter consolidated accounting period, respectively.」
The BIP trust-based share-based compensation plan remains in place, but the shares held by the trust decreased from 419,850 to 364,751 and their carrying amount decreased from ¥239 million to ¥208 million. - FY2019-Q1RestatedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥239 million and 419,850 shares at the end of the previous consolidated fiscal year and ¥239 million and 419,850 shares at the end of the current first-quarter consolidated accounting period, respectively.」
The Company continued the performance-linked share-based compensation plan and BIP trust structure and recognized 419,850 shares held by the trust, with a carrying amount of ¥239 million. - FY2018RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥247 million and 432,600 shares at the end of the previous consolidated fiscal year and ¥239 million and 419,850 shares at the end of the current consolidated fiscal year, respectively.」
The Company continued the BIP trust-based performance-linked share-based compensation plan and recognized 419,850 shares held by the trust as treasury shares. - FY2018-Q3RestatedAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥247 million and 432,600 shares at the end of the previous consolidated fiscal year and ¥239 million and 419,850 shares at the end of the current third-quarter consolidated accounting period, respectively.」
The performance-linked share-based compensation plan and BIP trust structure remain in place. The shares held by the trust were unchanged from the end of the previous consolidated fiscal year at 419,850 shares, with a carrying amount of ¥239 million. - FY2018-Q2Decrease in shares held by the trustAnnual report
「The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥247 million and 432,600 shares at the end of the previous consolidated fiscal year and ¥239 million and 419,850 shares at the end of the current second-quarter consolidated accounting period, respectively.」
The BIP trust-based share-based compensation plan remains in place, but the shares remaining in the trust decreased from 432,600 to 419,850 and their carrying amount decreased from ¥247 million to ¥239 million. - FY2018-Q1RestatedAnnual report
「The Company introduced a share-based compensation plan (the "Plan") in fiscal 2016 as an incentive plan for directors and executive officers, excluding outside directors and non-residents of Japan (collectively, "Directors and Others"). The Plan is designed to increase awareness of contributing to the improvement of the Company's medium- to long-term performance and the enhancement of corporate value, and is a compensation plan that is highly linked to corporate performance and has a high degree of transparency and objectivity. Specifically, the Company has adopted a mechanism known as the BIP (Board Incentive Plan) trust for executive compensation (the "BIP Trust"), under which shares of the Company acquired through the BIP Trust and cash equivalent to the proceeds from their sale are delivered or paid to Directors and Others according to their positions and the degree to which performance targets are achieved. The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. At the end of the current first-quarter consolidated accounting period, the carrying amount and number of these treasury shares were ¥247 million and 432,600 shares, respectively.」
The Company continued to disclose the purpose and structure of the BIP trust-based share-based compensation plan, as well as the recognition of ¥247 million and 432,600 trust-held shares as treasury shares, in the first quarter. - FY2017RestatedAnnual report
「To prepare for the delivery of the Company's shares to directors and others under the share delivery rules, the Company has recognized expenses and a corresponding provision for share-based compensation for directors and officers, based on the estimated amount of the share-based compensation obligation for the current consolidated fiscal year. The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. At the end of the current consolidated fiscal year, the carrying amount and number of these treasury shares were ¥247 million and 432,600 shares, respectively.」
For the BIP trust-based share-based compensation plan, the Company continued to recognize the provision for share-based compensation and record the shares held by the trust as treasury shares in the annual financial statements. - FY2017-Q3AdvancedAnnual report
「To prepare for the delivery of the Company's shares to directors and others under the share delivery rules, the Company has recognized expenses and a corresponding provision for share-based compensation for directors and officers, based on the estimated amount of the share-based compensation obligation for the current third-quarter consolidated accounting period. The Company's shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. At the end of the current third-quarter consolidated accounting period, the carrying amount and number of these treasury shares were ¥247 million and 432,600 shares, respectively.」
For the BIP trust-based share-based compensation plan introduced, the Company has reached the stage of recognizing a provision corresponding to the share-based compensation obligation and recording the 432,600 shares held by the trust as treasury shares. - FY2017-Q2First statedAnnual report
「At the Annual General Meeting of Shareholders for the fiscal year ended March 2016, held on 29 June 2016, the Company resolved to introduce a share compensation plan (the “Plan”) as an incentive plan for its directors and executive officers, excluding outside directors and non-residents of Japan. The Plan is designed to strengthen awareness of contributing to improved medium- to long-term performance and higher corporate value, and is highly linked to company performance, transparent and objective. Specifically, the Company adopted a mechanism known as an executive compensation BIP (Board Incentive Plan) trust, under which directors and executive officers receive the Company's shares acquired through the BIP trust and cash equivalent to the proceeds from disposal of those shares, according to their positions and the degree to which performance targets are achieved.」
The Company introduced a BIP trust-based compensation plan for directors and executive officers, under which shares or cash are delivered or paid based on their positions and the degree to which performance targets are achieved.