Performance-linked stock compensation plan
First written in FY2016. 16 of 27 entries say "Restated". Latest entry: 2026-05-30.
0 other companies' latest entry also says "Cited as achieved".
- 2026-05-30Cited as achievedGeneral Meetings of Shareholders
「At the 102nd ordinary general meeting of shareholders held on 26 June 2025, the company resolved to revise this plan, including the upper limit on the number of company shares acquired by directors and other eligible persons and the performance conditions.」
Records the resolution to revise the performance-linked share compensation plan, as well as the additional contribution and share acquisition. - FY2026-H1AdvancedAnnual report
「At the 102nd Annual General Meeting of Shareholders held on 26 June 2025, resolutions were passed to revise the performance conditions and other terms of this plan and extend the trust period. In response, additional funds were contributed to the trust and the Company's shares were acquired pursuant to a resolution of the Board of Directors meeting held on 8 August 2025.」
Shareholders approved revisions to the performance-linked share compensation plan and an extension of the trust period. Additional funds were contributed and shares were acquired. At fiscal year-end, the trusts held 3,353,565 shares under the BIP trust and 281,192 shares under the ESOP trust. - FY2025RaisedAnnual report
「The Company planned to revise the trust contribution limit to ¥1,600 million for 3 fiscal years from fiscal 2025.」
For the performance-linked stock compensation plans, the Company submitted to the shareholders’ meeting a proposed revision to raise the trust contribution limit for the 3 years from the fiscal year ending March 2026 from ¥1,400 million to ¥1,600 million and set the annual share limit at 900,000 shares. The trust period was also scheduled to be extended through the end of September 2028. - FY2024-Q3RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors. The carrying amount and number of shares of the treasury shares were ¥1,559 million and 2,435,810 shares for the BIP Trust and ¥98 million and 184,717 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and ¥1,520 million and 2,374,231 shares for the BIP Trust and ¥98 million and 184,717 shares for the ESOP Trust at the end of the third quarter of the current consolidated accounting period.」
The Company continued the structure of the performance-linked stock compensation plans and disclosed holdings of 2,374,231 shares in the BIP Trust and 184,717 shares in the ESOP Trust at the end of the third quarter. - FY2024-Q1RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors.」
The Company continued the performance-linked stock compensation plans using the BIP and ESOP trusts. At the end of the first quarter, the trusts held 2,435,810 BIP Trust shares and 184,717 ESOP Trust shares. - FY2023-Q2AdvancedAnnual report
「In response to the above resolution, at a meeting of the Board of Directors held on 10 August 2022, the Company made additional contributions to the trusts and acquired Company shares as described below.」
For the revised performance-linked stock compensation plans, the trust period was set through 30 September 2025, and approximately ¥1.292 billion was additionally contributed to acquire 1,897,800 shares. The revision, including an increase in the proportion of stock compensation, proceeded to the implementation stage. - FY2023-Q1AdvancedAnnual report
「At the 99th Annual General Meeting of Shareholders held on 29 June 2022 (the “Meeting”), a revision to the Plans, including an increase in the proportion of stock compensation, was approved. In response, at a meeting of the Board of Directors held on 10 August 2022, the Company resolved to make additional contributions to the trusts and acquire Company shares as described below.」
For the performance-linked stock compensation plans, the shareholders’ meeting approved revisions including an increase in the proportion of stock compensation, and the Board of Directors resolved to make additional contributions to the trusts and acquire shares. The aggregate trust contribution limit for 3 fiscal years was set at ¥1.4 billion, the maximum number of shares to be acquired at 2.4 million, and the trust period was scheduled to be extended through the end of September 2025. - FY2022ReframedAnnual report
「Under the revised executive compensation system applicable from the fiscal year ending March 2023 onward, approval was obtained pursuant to a resolution at the 99th Annual General Meeting of Shareholders held on 29 June 2022 for an aggregate amount of no more than ¥1,400 million over 3 fiscal years for grants to directors and executive officers, with an annual limit of 800,000 shares.」
The executive compensation system, including performance-linked stock compensation, was revised, with stock compensation divided into performance-linked and non-performance-linked components and operating profit, ROE, net sales, CO2 emissions, and lost-time injury frequency rate used as performance indicators. The trust period was scheduled to be extended through the end of September 2025. - FY2022-Q3RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors for each fiscal year.」
The Company continued to disclose the structure of the performance-linked stock compensation plans. At the end of the third quarter, the trusts held 584,633 BIP Trust shares and 152,517 ESOP Trust shares. - FY2022-Q2RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors for each fiscal year.」
The Company continued to disclose the structure of the performance-linked stock compensation plans. At the end of the second quarter, the trusts held 584,633 BIP Trust shares and 152,517 ESOP Trust shares, with no material changes to the plans themselves disclosed. - FY2022-Q1RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors for each fiscal year. The carrying amount and number of shares of the treasury shares were ¥324 million and 636,603 shares for the BIP Trust and ¥82 million and 164,378 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and the same amounts and numbers at the end of the first quarter of the current consolidated accounting period.」
The Company continued to disclose the structure of the performance-linked stock compensation plans. At the end of the first quarter, the trusts held 636,603 BIP Trust shares and 164,378 ESOP Trust shares, with no material changes to the plans themselves disclosed. - FY2021-Q2RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors for each fiscal year. The carrying amount and number of shares of the treasury shares were ¥329 million and 647,016 shares for the BIP Trust and ¥82 million and 164,378 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and ¥324 million and 636,603 shares for the BIP Trust and ¥82 million and 164,378 shares for the ESOP Trust at the end of the second quarter of the current consolidated accounting period.」
The Company continued to disclose the structure of the performance-linked stock compensation plans. At the end of the second quarter, the trusts held 636,603 BIP Trust shares and 164,378 ESOP Trust shares, with no material changes to the plans themselves disclosed. - FY2021-Q1RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors for each fiscal year. The carrying amount and number of shares of the treasury shares were ¥329 million and 647,016 shares for the BIP Trust and ¥82 million and 164,378 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and the same amounts and numbers at the end of the first quarter of the current consolidated accounting period.」
The Company continued to disclose the structure of the performance-linked stock compensation plans and holdings of 647,016 shares in the BIP Trust and 164,378 shares in the ESOP Trust. - FY2020AdvancedAnnual report
「An agreement to extend the trust period was executed on 26 August 2019.」
The trust period for the BIP and ESOP trusts was extended through the end of September 2022, and additional contributions were made. At fiscal year-end, the BIP Trust held 647,016 shares and the ESOP Trust held 164,378 shares. The Company also introduced a revision to reflect CO2 emissions in the non-financial performance factor. - FY2020-Q2AdvancedAnnual report
「The carrying amount and number of shares of the treasury shares were ¥163 million and 336,210 shares for the BIP Trust and ¥50 million and 104,000 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and ¥329 million and 647,016 shares for the BIP Trust and ¥82 million and 164,378 shares for the ESOP Trust at the end of the second quarter of the current consolidated accounting period. In addition, pursuant to a Board of Directors’ resolution dated 9 August 2019, the Company decided to extend the trust period by 3 years and make additional contributions to the trusts. As shares were additionally contributed during the second quarter of the current consolidated accounting period, the carrying amounts and numbers of shares increased from the end of the previous consolidated fiscal year.」
For the performance-linked stock compensation plans, the Company decided to extend the trust period by 3 years and made additional contributions to the trusts, increasing the shares held by the BIP and ESOP trusts. - FY2020-Q1RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors for each fiscal year. The carrying amount and number of shares of the treasury shares were ¥163 million and 336,210 shares for the BIP Trust and ¥50 million and 104,000 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and the same amounts and numbers at the end of the first quarter of the current consolidated accounting period.」
The Company continued to disclose the structure of the performance-linked stock compensation plans and holdings of 336,210 shares in the BIP Trust and 104,000 shares in the ESOP Trust at the end of the first quarter. No material changes to the plans were disclosed. - FY2019AdvancedAnnual report
「Trust period: 29 August 2016 to the end of September 2019 (a trust agreement to extend the period through the end of September 2022 was scheduled to be executed)」
For the performance-linked stock compensation plans, the Company disclosed plans to extend the trust period through the end of September 2022. It also disclosed a revision under which the year-on-year improvement in CO2 emissions would be reflected in the non-financial performance factor from the fiscal year ending March 2020 onward. - FY2019-Q3RestatedAnnual report
「At the end of the third quarter of the current consolidated accounting period, the carrying amount and number of shares of the treasury shares were ¥168 million and 346,966 shares for the BIP Trust and ¥50 million and 104,000 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and ¥163 million and 336,210 shares for the BIP Trust and ¥50 million and 104,000 shares at the end of the third quarter of the current consolidated accounting period.」
The Company continued the performance-linked stock compensation plans and disclosed holdings of 336,210 shares in the BIP Trust and 104,000 shares in the ESOP Trust at the end of the third quarter. There were no material changes to the structure of the plans. - FY2019-Q2RestatedAnnual report
「The carrying amount and number of shares of the treasury shares were ¥168 million and 346,966 shares for the BIP Trust and ¥50 million and 104,000 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and ¥163 million and 336,210 shares for the BIP Trust and ¥50 million and 104,000 shares for the ESOP Trust at the end of the second quarter of the current consolidated accounting period.」
The Company continued the performance-linked stock compensation plans and disclosed the shares held by the trusts at the end of the second quarter. No material changes to the structure of the plans were disclosed. - FY2018RestatedAnnual report
「The carrying amount and number of shares of the treasury shares were ¥170 million and 351,000 shares for the BIP Trust and ¥50 million and 104,000 shares for the ESOP Trust at the end of the previous consolidated fiscal year, and ¥168 million and 346,966 shares for the BIP Trust and ¥50 million and 104,000 shares for the ESOP Trust at the end of the current consolidated fiscal year.」
The Company continued to disclose the structure of the performance-linked stock compensation plans and the status of shares held by the trusts. - FY2018-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 August 2016, the Company resolved to introduce the performance-linked stock compensation plans “Executive Compensation BIP Trust” and “Stock Grant ESOP Trust” for the Company’s directors and executive officers, excluding outside directors and non-residents of Japan, to promote medium- to long-term performance improvement, enhance corporate value, and strengthen management’s focus on shareholders.」
The Company continued to disclose the structure of the performance-linked stock compensation plans and the shares held by the BIP Trust and ESOP Trust at the end of the third quarter, at 346,966 and 104,000 shares, respectively. - FY2018-Q2RestatedAnnual report
「At the end of the second quarter of the current consolidated accounting period, the carrying amount and number of shares of the treasury shares were ¥168 million and 346,966 shares for the BIP Trust, and ¥50 million and 104,000 shares for the ESOP Trust.」
The Company continued the performance-linked stock compensation plans and disclosed the shares held by the trusts at the quarter-end, with 346,966 shares in the BIP Trust and 104,000 shares in the ESOP Trust. - FY2018-Q1RestatedAnnual report
「The Plans are incentive plans for directors and other officers under which Company shares acquired through the Plans are delivered to the Company’s directors and other officers based on the achievement of performance targets and other factors for each fiscal year. At the end of the first quarter of the current consolidated accounting period, the carrying amount and number of shares of the treasury shares were ¥170 million and 351,000 shares for the BIP Trust, and ¥50 million and 104,000 shares for the ESOP Trust.」
The Company continued to disclose the structure of the performance-linked stock compensation plans and the shares held by the BIP Trust and ESOP Trust, at 351,000 and 104,000 shares, respectively. - FY2017RestatedAnnual report
「Initial trust period: 29 August 2016 to the end of September 2019; plan commencement date: 1 September 2016」
The Company continued to disclose the introduction of the performance-linked stock compensation plans using the BIP and ESOP trusts, the 3-year trust period, and the BIP Trust limit of 420,000 shares. - FY2017-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 August 2016, the Company resolved to introduce the performance-linked stock compensation plans “Executive Compensation BIP Trust” (the “BIP Trust”) and “Stock Grant ESOP Trust” (the “ESOP Trust,” and together with the BIP Trust, the “Plans”) for the Company’s directors and executive officers, excluding outside directors and non-residents of Japan, to promote medium- to long-term performance improvement, enhance corporate value, and strengthen management’s focus on shareholders.」
The Company continued to disclose the performance-linked stock compensation plans. At the quarter-end, shares held by the trusts totaled 351,000 for the BIP Trust and 104,000 for the ESOP Trust, with no new implementation milestone disclosed since the previous disclosure. - FY2017-Q2AdvancedAnnual report
「At the end of the second quarter of the current consolidated accounting period, the carrying amount and number of shares of the treasury shares were ¥170 million and 351,000 shares for the BIP trust, and ¥50 million and 104,000 shares for the ESOP trust.」
In addition to the Board of Directors’ resolution to introduce the plans on 9 August 2016, the Company disclosed that shares were held by the BIP and ESOP trusts at the quarter-end, confirming concrete progress toward introducing the plans. - FY2016First statedAnnual report
「This is a compensation system designed to promote the Company’s medium- to long-term performance improvement, enhance corporate value, and strengthen management’s focus on shareholders. It is closely linked to the Company’s performance and offers a high degree of transparency and objectivity.」
The Company planned to introduce an executive compensation BIP trust and a stock grant ESOP trust, beginning in September 2016, under which shares would be delivered based on the achievement of performance targets and other factors. The BIP trust limit was stated as 420,000 shares, with a 3-year trust period.