Introducing a Trust-Based Stock Compensation Plan for Directors and Executive Officers
First written in FY2019. 8 of 18 entries say "Restated". Latest entry: 2026-06-03.
7 other companies' latest entry also says "Restated".
- 2026-06-03RestatedGeneral Meetings of Shareholders
「The payout ratio is calculated using a coefficient based on the Company’s TSR (total shareholder return) during the three-year evaluation period divided by the growth rate of the TSE TOPIX with dividends included, with the coefficient ranging from 0% to 150%, and a coefficient from the predetermined payout ratio table based on actual consolidated ROE (return on equity) for the relevant evaluation year: 0% when below the cost of capital, 100% when at least the cost of capital but below 8%, 120% when at least 8% but below 10%, and 150% when at least 10%. This approach is intended to further align value with shareholders.」
The Company reiterated the performance-linked calculation method for stock-based compensation for officers using TSR and ROE. - FY2026-H1Update to Shares Held in Trust Following the Stock SplitAnnual report
「The deducted treasury shares do not include the Company's 530,100 shares held by Custody Bank of Japan, Ltd. (Trust Account), established for the introduction of the share-delivery trust for officers.」
The disclosed number of shares relating to the share-delivery trust for officers is 530,100 shares. This figure reflects the share split on 1 April 2025 and cannot be compared directly with the 117,100 shares reported in the previous filing. - FY2025-H1Update on shares held in trustAnnual report
「The deducted treasury shares do not include the Company's 117,100 shares held by Custody Bank of Japan, Ltd. (Trust Account), established for the introduction of the share-delivery trust for officers.」
The disclosed number of shares relating to the share-delivery trust for officers has been updated from 131,100 shares in the previous filing to 117,100 shares. - FY2024AdvancedAnnual report
「At the 74th Annual General Meeting of Shareholders held on 29 June 2023, resolutions were passed to incorporate performance-linked elements into the plan and to continue the plan.」
Regarding the share-delivery trust for officers, the plan was extended through the end of August 2026 and performance-linked elements were added. The share compensation evaluation uses three-year TSR and ROE, with payout rates of 0%, 100%, 120% and 150% depending on ROE. - FY2024-Q3RestatedAnnual report
「In connection with the introduction of the share-delivery trust for officers, the Company's 131,100 shares held by Custody Bank of Japan, Ltd. (Trust Account), representing 1,311 voting rights, are included.」
The 131,100 shares held by the share-delivery trust for officers continue to be presented separately in the voting rights disclosure. - FY2024-Q2Increase in shares held by the trustAnnual report
「The 131,100 shares of the Company held by Custody Bank of Japan, Ltd. (Trust Account), established for the introduction of the share-delivery trust for officers, are not included.」
The number of shares held by the share-delivery trust for officers has been updated from the 78,500 shares reported previously to 131,100 shares. - FY2024-Q1RestatedAnnual report
「In connection with the introduction of the share-delivery trust for officers, the Company's 78,500 shares held by Custody Bank of Japan, Ltd. (Trust Account), representing 785 voting rights, are included.」
The 78,500 shares held by the share-delivery trust for officers continue to be presented separately in the voting rights disclosure. - FY2023-Q2Update on shares held in trustAnnual report
「In connection with the introduction of the share-delivery trust for officers, the Company's 78,500 shares held by Custody Bank of Japan, Ltd. (Trust Account), representing 785 voting rights, are included.」
The number of shares held by the share-delivery trust for officers has been updated from the previously reported 93,800 shares to 78,500 shares. - FY2022-Q3RestatedAnnual report
「In connection with the introduction of the share-delivery trust for officers, the Company's 93,800 shares held by Custody Bank of Japan, Ltd. (Trust Account), representing 938 voting rights, are included.」
The 93,800 shares held by the share-delivery trust for officers continue to be presented separately in the voting rights disclosure. - FY2022-Q2Update on shares held in trustAnnual report
「In connection with the introduction of the share-delivery trust for officers, the Company's 93,800 shares held by Custody Bank of Japan, Ltd. (Trust Account), representing 938 voting rights, are included.」
The disclosed number of shares held by the share-delivery trust for officers has been updated from the previously reported 106,600 shares to 93,800 shares. - FY2022-Q1RestatedAnnual report
「In connection with the introduction of the share-delivery trust for officers, the Company's 106,600 shares held by Custody Bank of Japan, Ltd. (Trust Account), representing 1,066 voting rights, are included.」
The 106,600 shares held by the share-delivery trust for officers continue to be presented separately in the voting rights disclosure. - FY2021AdvancedAnnual report
「The proportions by type of compensation are set within the following ranges: base compensation, 70–90%; share compensation, 10–30%.」
The Company continues the share-delivery trust for officers and disclosed the composition ranges for director compensation: 70–90% base compensation and 10–30% share compensation. - FY2021-Q3RestatedAnnual report
「In connection with the introduction of the share-delivery trust for officers, the Company's 106,600 shares held by Custody Bank of Japan, Ltd. (Trust Account), representing 1,066 voting rights, are included.」
The 106,600 shares held by the share-delivery trust for officers continue to be presented separately in the voting rights disclosure. There has been no material change in the treatment of the plan. - FY2021-Q1RestatedAnnual report
「In connection with the introduction of the share-delivery trust for officers, the Company's 106,600 shares held by Japan Trustee Services Bank, Ltd. (Trust Account), representing 1,066 voting rights, are included.」
The 106,600 shares held by the share-delivery trust for officers continue to be presented separately in disclosures of voting rights and treasury shares. There has been no material change in the treatment of the plan. - FY2020-Q3RestatedAnnual report
「In connection with the introduction of this plan, Japan Trustee Services Bank, Ltd. (Trust Account) acquired 106 thousand shares of the Company. 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 not applicable at the end of the previous consolidated fiscal year and were ¥272 million and 106 thousand shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
Regarding the share-delivery trust for officers, the Company reconfirms the trust's acquisition of 106 thousand shares and recognition of a carrying amount of ¥272 million. - FY2020-Q2AdvancedAnnual report
「In connection with the introduction of this plan, Japan Trustee Services Bank, Ltd. (Trust Account) acquired 106 thousand shares of the Company. 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 not applicable at the end of the previous consolidated fiscal year and were ¥272 million and 106 thousand shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
Regarding the share-delivery trust for officers, the Company reported the trust's acquisition of 106 thousand shares and recognition of a carrying amount of ¥272 million, indicating that the plan had progressed to the implementation stage. - FY2020-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 August 2019, the Company resolved to dispose of treasury shares through a third-party allotment in connection with the introduction of a share-delivery trust for officers, as follows. (1) Disposal date 27 August 2019 (2) Type and number of shares to be disposed of 106,600 common shares of the Company (3) Disposal price ¥2,559 per share (4) Total disposal amount ¥272,789,400」
Regarding the share-delivery trust for officers, the Company resolved to dispose of 106,600 treasury shares for a total of ¥272,789,400, with 27 August 2019 as the disposal date. The plan has progressed to the implementation stage. - FY2019First statedAnnual report
「At the 70th Annual General Meeting of Shareholders held on 27 June 2019, the Company resolved to introduce a trust-based share compensation plan for its directors and executive officers, excluding outside directors, collectively referred to below as the directors and other officers.」
The planned trust funding limit is ¥150 million, the annual limit is 20,000 points, the trust term is from August 2019 to August 2022, and the plan is scheduled to commence in August 2019.