Performance-linked cash and share-based compensation plan
First written in FY2021. 1 of 3 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
34 other companies' latest entry also says "Other".
- FY2026-H1Updated shares held in trust under the performance-linked share compensation planAnnual report
「The carrying amount and number of the company's shares remaining in the trust were ¥755 million and 224 thousand shares, respectively, at the end of the previous consolidated fiscal year, and ¥706 million and 209 thousand shares, respectively, during the current interim consolidated fiscal period.」
Shares remaining in the trust under the performance-linked stock compensation plan decreased in carrying amount from ¥755 million to ¥706 million and in number from 224 thousand shares to 209 thousand shares. - FY2022-Q3AdvancedAnnual report
「In connection with the introduction of this plan, on 8 November 2021 the company contributed ¥763 million in cash to Custody Bank of Japan, Ltd. (Trust E Account), the re-trustee of Mizuho Trust & Banking Co., Ltd., the trustee, and used the funds to purchase company shares.」
For the performance-linked stock compensation plan approved for introduction in FY2021, the company contributed ¥763 million on 8 November 2021 and purchased company shares through the trust. The trust held 225 thousand shares with a carrying amount of ¥762 million. - FY2021First statedAnnual report
「Following a resolution at the 84th Annual General Meeting of Shareholders held on 29 June 2021, the company will introduce a performance-linked stock compensation plan using a trust to provide its directors, excluding directors who are Audit and Supervisory Committee members and outside directors among the other directors, and its executive officers with company common shares and cash equivalent to the value of company common shares as part of their compensation.」
For directors and executive officers, the company introduced a plan that divides performance-linked compensation into cash and stock compensation and uses achievement rates against targets and year-on-year changes in consolidated revenue, consolidated operating profit and consolidated net income as evaluation metrics. Contributions to the stock compensation trust were capped at ¥763 million over 3 fiscal years, and shares acquired through the end of fiscal 2021 were capped at 271,800 shares.