Introduction of a Share Compensation Plan Linked to Medium- and Long-Term Performance
First written in FY2016. 5 of 19 entries say "Restated". Latest entry: FY2026-H1.
21 other companies' latest entry also says "Other".
- FY2026-H1Decrease in shares remaining in the BIP trustAnnual report
「The carrying amount and number of these treasury shares were ¥389 million and 639,097 shares at the end of the previous consolidated fiscal year, and ¥432 million and 574,548 shares at the end of the current interim consolidated accounting period.」
While shares remaining in the BIP trust under the performance-linked stock compensation plan decreased from 639,097 to 574,548, their carrying amount increased from ¥389 million to ¥432 million. - FY2025AdvancedAnnual report
「Trust period: 8 August 2016 to the end of October 2025 (scheduled to be extended to the end of October 2028 following the amendment to the trust agreement dated 14 August 2025)」
The company disclosed plans to extend the BIP trust period to the end of October 2028 and acquire up to 630,000 additional shares over the 3-year trust period. Shares remaining in the trust at the end of March 2025 totaled 639,097. In fiscal 2024, the bonus was 150% of the base amount and stock compensation was 117% of the base points. - FY2025-H1Decrease in shares remaining in the BIP trustAnnual report
「The carrying amount and number of these treasury shares were ¥450 million and 753,071 shares at the end of the previous consolidated fiscal year, and ¥389 million and 639,097 shares at the end of the current interim consolidated accounting period.」
Shares remaining in the BIP trust under the performance-linked stock compensation plan decreased from 753,071 to 639,097, while their carrying amount decreased from ¥450 million to ¥389 million. - FY2024AdvancedAnnual report
「For fiscal 2023, the latest fiscal year, the bonus was paid at 120% of the base amount based on the achievement of the performance targets described above, while stock compensation was awarded at 105% of the base points calculated based on the base amount.」
The company disclosed fiscal 2023 operating results under the performance-linked compensation plan: a bonus of 120% and stock compensation base points of 105%. - FY2024-Q2Shares remaining in the BIP trust decreased to 753,071Annual report
「The carrying amount and number of these treasury shares were ¥561 million and 964,025 shares at the end of the previous consolidated fiscal year, and ¥450 million and 753,071 shares at the end of the second quarter of the current consolidated accounting period.」
Shares remaining in the BIP trust under the performance-linked stock compensation plan decreased from 964,025 to 753,071, while their carrying amount decreased from ¥561 million to ¥450 million. - FY2024-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥561 million and 964,025 shares at the end of the previous consolidated fiscal year, and ¥561 million and 964,025 shares at the end of the first quarter of the current consolidated accounting period.」
The company continues to disclose the accounting treatment for the performance-linked stock compensation plan and the BIP trust. Shares remaining in the trust totaled 964,025, with a carrying amount of ¥561 million, unchanged from the end of the previous consolidated fiscal year. - FY2023-Q2Increase in the number of remaining shares held by the BIP trustAnnual report
「The company’s shares remaining in the trust are recorded 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 ¥355 million and 665,840 shares at the end of the previous consolidated fiscal year, and ¥561 million and 964,025 shares at the end of the second quarter of the current consolidated accounting period.」
Under the performance-linked stock compensation plan, shares remaining in the BIP trust increased from 665,840 to 964,025, while their carrying amount increased from ¥355 million to ¥561 million. - FY2022AdvancedAnnual report
「Trust period: 8 August 2016 to the end of October 2022 (scheduled to be extended to the end of October 2025 following the amendment to the trust agreement dated 8 August 2022)」
The company disclosed partial revisions to the performance-linked stock compensation plan, including a planned extension of the trust period to the end of October 2025 and an additional acquisition period and limit of 630,000 shares. - FY2022-Q2Shares remaining in the BIP trust decreased to 665,840Annual report
「The company adopted a structure known as the executive compensation BIP (Board Incentive Plan) trust, under which shares of the company acquired by the executive compensation BIP trust using the compensation contributed by the company for the Directors, etc. are delivered to the Directors, etc. based on the degree of achievement of performance targets and other factors for each consolidated fiscal year. The company’s shares remaining in the trust are recorded 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 ¥422 million and 818,794 shares at the end of the previous consolidated fiscal year, and ¥355 million and 665,840 shares at the end of the second quarter of the current consolidated accounting period.」
Under the performance-linked stock compensation plan, shares remaining in the BIP trust decreased from 818,794 to 665,840, while their carrying amount decreased from ¥422 million to ¥355 million. - FY2021-Q2Shares remaining in the BIP trust decreased to 818,794Annual report
「The company’s shares remaining in the trust are recorded 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 ¥477 million and 956,700 shares at the end of the previous consolidated fiscal year, and ¥422 million and 818,794 shares at the end of the second quarter of the current consolidated accounting period.」
Shares remaining in the BIP trust under the performance-linked stock compensation plan decreased from 956,700 at the end of the previous consolidated fiscal year to 818,794, while their carrying amount decreased from ¥477 million to ¥422 million. - FY2021-Q1Decrease in shares remaining in the BIP trustAnnual report
「The company’s shares remaining in the trust are recorded 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 ¥477 million and 956,700 shares at the end of the previous consolidated fiscal year, and ¥472 million and 942,597 shares at the end of the first quarter of the current consolidated accounting period.」
Under the performance-linked stock compensation plan, shares remaining in the BIP trust decreased from 956,700 at the end of the previous consolidated fiscal year to 942,597, while their carrying amount decreased from ¥477 million to ¥472 million. - FY2020-Q2AdvancedAnnual report
「The company’s shares remaining in the trust are recorded 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 ¥206 million and 580,698 shares at the end of the previous consolidated fiscal year, and ¥477 million and 956,700 shares at the end of the second quarter of the current consolidated accounting period.」
Under the performance-linked stock compensation plan, shares remaining in the BIP trust increased from 580,698 to 956,700, while their carrying amount increased from ¥206 million to ¥477 million. - FY2020-Q1RestatedAnnual report
「The company’s shares remaining in the trust are recorded 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 ¥206 million and 580,698 shares at the end of the previous consolidated fiscal year, and ¥206 million and 580,698 shares at the end of the first quarter of the current consolidated accounting period.」
The company continues to disclose the accounting treatment for the performance-linked stock compensation plan and the status of shares held by the BIP trust. At the end of the first quarter, the carrying amount was ¥206 million and the number of shares was 580,698, unchanged from the end of the previous fiscal year. - FY2019AdvancedAnnual report
「For fiscal 2018, the latest fiscal year, the bonus was scheduled to be paid at 160% of the base amount based on the achievement of the performance targets described above, while stock compensation was awarded at 117% of the base points calculated based on the base amount.」
The company disclosed performance results under the performance-linked compensation plan: a bonus of 160% and stock compensation points of 117% based on performance in fiscal 2018. - FY2018RestatedAnnual report
「Performance-linked stock compensation is positioned as an incentive to increase corporate value over the medium to long term, with shares to be delivered after retirement based on the degree of achievement under the medium-term management plan. The number of shares delivered varies from 0% to 125% depending on consolidated net sales, consolidated operating income, consolidated net income and other measures, with 100% representing the number of shares awarded at the standard level of performance.」
The company continues to disclose the operation of the performance-linked stock compensation plan, under which shares are delivered based on achievement under the medium-term management plan. - FY2017RestatedAnnual report
「At the end of the current consolidated fiscal year, the carrying amount and number of these treasury shares were ¥213 million and 601,100 shares, respectively.」
The company continues to disclose the operation of the performance-linked stock compensation plan following its introduction, with the BIP trust holding 601,100 shares. - FY2017-Q3RestatedAnnual report
「At the 68th annual general meeting of shareholders held on 28 June 2016, the company resolved to introduce, from fiscal 2016, a performance-linked stock compensation plan as an incentive plan for its directors and executive officers, excluding outside directors and overseas residents (collectively, the “Directors, etc.”). The purpose of the plan is to clarify the link between compensation for the Directors, etc. and the performance of the company’s group, and to increase their awareness of contributing to improved medium- and long-term performance and increased corporate value. The company’s shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. As of the end of the third quarter of the current consolidated accounting period, the carrying amount and number of these treasury shares were ¥213 million and 601,100 shares, respectively.」
The company continues to disclose the operation of the performance-linked stock compensation plan following its introduction. Shares remaining in the trust totaled 601,100, with a carrying amount of ¥213 million, while the plan itself had already been implemented by the previous period. - FY2017-Q2AchievedAnnual report
「At the 68th annual general meeting of shareholders held on 28 June 2016, the company resolved to introduce, from fiscal 2016, a performance-linked stock compensation plan as an incentive plan for its directors and executive officers, excluding outside directors and overseas residents (collectively, the “Directors, etc.”). The company adopted a structure known as the executive compensation BIP (Board Incentive Plan) trust, under which shares of the company acquired by the executive compensation BIP trust using the compensation contributed by the company for the Directors, etc. are delivered to the Directors, etc. based on the degree of achievement of performance targets and other factors for each consolidated fiscal year. As of the end of the second quarter of the current consolidated accounting period, the carrying amount and number of these treasury shares were ¥202 million and 570,900 shares, respectively.」
The company progressed from the previously planned introduction, disclosing the implementation of the plan from fiscal 2016 and the BIP trust’s holding of 570,900 shares, bringing the stock compensation plan to the implementation stage. - FY2016First statedAnnual report
「Performance-linked stock compensation is positioned as an incentive to increase corporate value over the medium to long term, with shares to be delivered after retirement based on the degree of achievement under the medium-term management plan. The number of shares delivered varies from 0% to 125% depending on consolidated net sales, consolidated operating income, consolidated net income and other measures, with 100% representing the number of shares awarded at the standard level of performance.」
The company is making the plan concrete as a scheme scheduled for introduction in August 2016, linking executive compensation to achievement under the medium-term management plan.