Executive Compensation Based on Numerical Targets in the Medium-Term Management Plan
First written in FY2019. 5 of 12 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 31 companies on the "Worse" side.
24 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The performance indicators for performance-linked compensation are the numerical targets set in the medium-term management plan and other plans—revenue, operating income, ROE and DOE. Actual results were revenue of ¥163.0 billion, operating income of ¥17.6 billion, ROE of 10.2% and DOE of 4.1%.」
Actual results were disclosed under a compensation structure using revenue, operating income, ROE, DOE, safety and quality, and other factors as performance-linked compensation indicators. - 2026-06-02RestatedGeneral Meetings of Shareholders
「当連結会計年度末における当該自己株式の帳簿価額は199,515千円、株式数は84千株であります。」
業績連動型株式報酬制度『株式給付信託（BBT）』の導入状態と信託保有株式を再記載した。canonical thread自体は変更しない。 - FY2026-H1RestatedAnnual report
「This includes 84,900 shares of the company's stock held by the trust as trust assets for the Stock Benefit Trust (BBT), representing 849 voting rights.」
The company reported 84,900 shares held in the trust under the Stock Benefit Trust (BBT), its performance-linked stock compensation plan, and reconfirmed that the plan remains in place. - FY2024ReframedAnnual report
「The performance-linked compensation indicators are the numerical targets set in the medium-term management plan and other plans—revenue, operating income, ROE and DOE—and are calculated taking into account achievement levels for safety and quality, which are important issues for the company, as well as individual performance.」
The executive compensation performance indicators were reorganized from the total payout ratio to a set including DOE, and the structure was changed to incorporate safety and quality achievement levels. The composition ratio of fixed compensation, bonuses and stock compensation was set at approximately 6:3:1. - FY2024-Q3RestatedAnnual report
「Based on a resolution of the 79th Annual General Meeting of Shareholders held on 28 June 2022, the company has introduced a performance-linked stock compensation plan for its directors and executive officers, excluding outside directors, called the Stock Benefit Trust (BBT, or Board Benefit Trust) (the “Plan”).」
The company reiterated that it has introduced the performance-linked stock compensation plan, the Stock Benefit Trust (BBT). It stated that approximately 100 thousand shares were held in the trust at the end of the third quarter. - FY2024-Q2RestatedAnnual report
「Based on a resolution of the 79th Annual General Meeting of Shareholders held on 28 June 2022, the company has introduced a performance-linked stock compensation plan for its directors and executive officers, excluding outside directors, called the Stock Benefit Trust (BBT, or Board Benefit Trust) (the “Plan”).」
The company reiterated that it has introduced the performance-linked stock compensation plan, the Stock Benefit Trust (BBT). - FY2024-Q1RestatedAnnual report
「Based on a resolution of the 79th Annual General Meeting of Shareholders held on 28 June 2022, the company has introduced a performance-linked stock compensation plan for its directors and executive officers, excluding outside directors, called the Stock Benefit Trust (BBT, or Board Benefit Trust) (the “Plan”).」
The company reiterated that it has introduced the performance-linked stock compensation plan, the Stock Benefit Trust (BBT). - FY2023-Q2AdvancedAnnual report
「Based on a resolution of the 79th Annual General Meeting of Shareholders held on 28 June 2022, the company has introduced a performance-linked stock compensation plan for its directors and executive officers, excluding outside directors, called the Stock Benefit Trust (BBT, or Board Benefit Trust) (the “Plan”).」
The company described the outline of its executive compensation structure using performance indicators from the medium-term plan as already incorporating the Stock Benefit Trust, and reported 101,800 shares held in the trust at the end of the second quarter. - FY2023-Q1AdvancedAnnual report
「The company announced the introduction of this plan on 13 May 2022, and it was subsequently approved as executive compensation at the 79th Annual General Meeting of Shareholders held on 28 June 2022. The number of shares to be disposed of corresponds to the number of shares expected to be delivered during the trust period to the company's directors, excluding outside directors, and executive officers under the rules for the executive stock benefit plan, namely 101,800 shares for the 3 fiscal years from the fiscal year ending March 2023 through the fiscal year ending March 2025.」
The trust-based stock compensation plan was approved as executive compensation at the June 2022 Annual General Meeting of Shareholders, and the implementation phase involving the disposal of 101,800 shares for the 3 fiscal years from the fiscal year ending March 2023 through the fiscal year ending March 2025 was detailed. - FY2022AdvancedAnnual report
「Performance-linked compensation consists of bonuses, paid once a year at a specified time as short-term performance incentives, and non-cash compensation in the form of a trust-based stock compensation plan, under which points are granted once a year at a specified time as incentives to improve performance over the medium to long term and increase corporate value, and company shares equivalent to the accumulated points are delivered upon retirement.」
The compensation structure was developed to use revenue, operating income, ROE, total payout ratio and safety and quality achievement levels as compensation indicators, and to introduce a trust-based stock compensation plan. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 February 2021, the company resolved its policy for determining the details of individual director compensation and other payments. The performance-linked compensation indicators are the numerical targets set in the medium-term management plan—revenue, operating income, ROE and total payout ratio—and are calculated taking individual performance into account.」
At a February 2021 Board of Directors meeting, the company formally approved the policy for determining individual director compensation based on the medium-term plan's revenue, operating income, ROE and total payout ratio. - FY2019First statedAnnual report
「Compensation for internal directors consists of monthly fixed compensation based on position and responsibilities, and bonuses as performance-based incentives, generally in a ratio of 7:3. Bonuses are calculated using the numerical targets set in the medium-term management plan—revenue, operating income, ROE and total payout ratio—as performance indicators, taking individual performance into account.」
The company first described the structure under which compensation for internal directors comprises fixed compensation and bonuses, with revenue, operating income, ROE and total payout ratio under the medium-term management plan used to calculate bonuses.