Stock-based compensation plan designed to align interests with shareholders
First written in FY2021. 4 of 9 entries say "Restated". Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Other".
- FY2027-H1Performance-linked and ESG points plan period updatedAnnual report
「Eligible participants receive 3 types of points corresponding to the applicable period: “fixed points,” “performance-linked points” and “ESG points.” At the time of retirement from office or under other circumstances, company shares and other benefits are delivered based on the cumulative points, with 1 company share corresponding to 1 point.」
Under the share-based compensation plan, ESG points have been specified in addition to fixed points and performance-linked points, and the applicable period for performance-linked points and ESG points has been set as the 3 years from 1 April 2026 through the end of March 2029. The aggregate limit for the 3 types of points for directors is 630,000 points, and the trust contribution limit is ¥135 million. The ESG metrics use the reduction rates for Scope 1 and 2 emissions and Scope 3 emissions, with FY2023 as the base year. The trust holds 1,286,800 remaining shares. - FY2026RestatedAnnual report
「Under the amended plan, points granted to eligible directors and others comprise 2 types: points based on position (fixed points), and points based on position and the achievement of the company's performance targets and other factors (performance-linked points).」
We continue the plan combining fixed points with performance-linked points linked to ROE, TSR relative to TOPIX, achievement of the greenhouse gas reduction target and other factors. Shares held by the trust totalled 1,513,700 at the end of the period. - FY2026-H1RestatedAnnual report
「Under the amended plan, points granted to eligible directors and others comprise 2 types: points based on position (fixed points), and points based on position and the achievement of the company's performance targets and other factors (performance-linked points). Performance-linked points are granted based on position, achievement of the ROE target for fiscal 2025, the TSR growth rate relative to TOPIX and achievement of the ESG target, namely the greenhouse gas reduction target.」
We continue to disclose a stock-based compensation structure combining fixed points and performance-linked points, reflecting achievement of the fiscal 2025 ROE target, TSR relative to TOPIX and the greenhouse gas reduction target. Shares held by the trust totalled 1,513,700 at the end of the interim period. - FY2024-Q3RestatedAnnual report
「Under the amended plan, points granted to eligible directors and others comprise 2 types: points based on position (fixed points), and points based on position and the achievement of the company's performance targets and other factors (performance-linked points). Performance-linked points are granted based on position, achievement of the ROE target for fiscal 2025, the TSR growth rate relative to TOPIX and achievement of the ESG target, namely the greenhouse gas reduction target.」
We continue to disclose a stock-based compensation structure combining fixed points and performance-linked points, reflecting achievement of the fiscal 2025 ROE target, TSR relative to TOPIX and the greenhouse gas reduction target. - FY2024-Q2AdvancedAnnual report
「The carrying amount and number of treasury shares were ¥155 million and 683,100 shares at the end of the previous fiscal year and ¥461 million and 1,678,100 shares at the end of the second-quarter consolidated accounting period. At the 72nd annual general meeting of shareholders held on 23 June 2023, resolutions were also passed to expand the stock-based compensation allowance under the plan. Following this, the Board of Directors resolved at its meeting held on 10 August 2023 to make an additional contribution to the trust, and additional shares were acquired during the first six months of the fiscal year, resulting in increases in the carrying amount and number of shares from the end of the previous fiscal year.」
Following the expansion of the stock-based compensation plan, an additional contribution was made to the trust and additional shares were acquired. Shares held by the trust increased from 683,100 to 1,678,100, and their carrying amount increased from ¥155 million to ¥461 million. - FY2023RaisedAnnual report
「At the 72nd annual general meeting of shareholders held on 23 June 2023, resolutions were passed to partially amend and continue the stock-based compensation plan for eligible directors and others. The plan was partially amended so that the number of points granted to eligible directors and others is linked to our performance.」
In addition to fixed points, performance-linked points based on the achievement of the fiscal 2025 ROE target, TSR growth relative to TOPIX and the greenhouse gas reduction target were introduced. The maximum for the 3-year eligible period was set at 630,000 points, and the maximum trust contribution was set at ¥135 million. - FY2023-Q3RestatedAnnual report
「Under this stock-based compensation plan, based on the share delivery rules established by our Board of Directors, shares of our company equivalent to the number of points granted to each eligible director or other eligible person are delivered through a trust. In principle, the shares are delivered when the eligible director or other eligible person leaves office.」
We continue to disclose the structure of the stock-based compensation plan, under which shares equivalent to the number of points are delivered through a trust, generally upon leaving office. - FY2022-Q1ReframedAnnual report
「In connection with our absorption-type merger of OSJBホールディングス株式会社 and our change to a company with an Audit and Supervisory Committee, both effective 1 April 2021, an agenda was submitted to and approved by the extraordinary general meeting of shareholders held on 29 January 2021 to redesign and re-establish this plan as a stock-based compensation plan using our shares, covering directors other than directors who are Audit and Supervisory Committee members and outside directors.」
In addition to continuing the former OSJB Holdings plan, the plan was re-established using our shares and covering directors other than Audit and Supervisory Committee members and outside directors. - FY2021First statedAnnual report
「We have introduced a stock-based compensation plan for eligible directors and others to encourage them to share with shareholders the benefits and risks arising from changes in the share price, thereby heightening their awareness of contributing to improved performance over the medium to long term and increased corporate value.」
The plan designed to share benefits and risks with shareholders was continued, with a trust term of 5 years and a planned number of shares to be delivered of 767,500.