Performance-Linked Executive Compensation and Share-Based Compensation Scheme
First written in FY2019. 3 of 20 entries say "Advanced", first in FY2020-Q2. Latest entry: FY2026.
83 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Points are calculated by multiplying the payout rate, based on the degree of achievement of the consolidated operating profit and net income attributable to owners of the parent targets, by the standard share compensation amount for each executive position, and dividing the result by the reference share price; each recipient is then granted Company shares equivalent to the relevant points.」
The performance-linked share compensation plan continued, with the consolidated operating profit achievement rate for the year at 146.7% and the achievement rate for net income attributable to owners of the parent at 152.1%. - FY2026-H1Increase in shares held by the executive compensation BIP TrustAnnual report
「In calculating interim net income per share, the Company’s shares held by the executive compensation BIP Trust account (96th fiscal period: 201,197 shares; interim consolidated accounting period of the 96th fiscal period: 129,736 shares; interim consolidated accounting period of the 97th fiscal period: 299,264 shares) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP Trust account subject to deduction increased from 129,736 shares in the same interim period of the previous year to 299,264 shares. In the major shareholders section, shares held by the trust account are stated as 271,014 shares. - FY2025-H1AdvancedAnnual report
「(2) Class and number of shares to be disposed of: 213,000 common shares」
A resolution was passed to dispose of 213,000 shares to the executive compensation BIP Trust account through a third-party allotment in connection with the continuation of the performance-linked share compensation plan. The trust period has been extended through 31 August 2029 by amending the agreement. - FY2024RaisedAnnual report
「In addition, part of the plan was revised pursuant to a resolution at the 95th Annual General Meeting of Shareholders held on 27 June 2024.」
The performance-linked share compensation plan was revised, setting the trust funding limit at ¥1,200 million and the planned number of shares to be acquired for eligible directors and others at 600,000 shares, with the trust period also scheduled to be extended through the end of August 2028. - FY2024-Q3158,879 shares held by the executive compensation BIP TrustAnnual report
「In calculating quarterly (current-period) net income per share, the Company’s shares held by the executive compensation BIP Trust account (94th fiscal period: 189,489 shares; cumulative third quarter of the 94th fiscal period: 192,514 shares; cumulative third quarter of the 95th fiscal period: 158,879 shares) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP Trust account was 158,879 shares in the cumulative third quarter of the 95th fiscal period. - FY2024-Q2164,692 shares held by the executive compensation BIP TrustAnnual report
「In calculating quarterly (current-period) net income per share, the Company’s shares held by the executive compensation BIP Trust account (94th fiscal period: 189,489 shares; cumulative second quarter of the 94th fiscal period: 198,564 shares; cumulative second quarter of the 95th fiscal period: 164,692 shares) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP Trust account is stated as 164,692 shares in the cumulative second quarter of the 95th fiscal period. - FY2024-Q189,233 shares held by the executive compensation BIP TrustAnnual report
「In calculating quarterly (current-period) net income per share, the Company’s shares held by the executive compensation BIP Trust account (94th fiscal period: 94,744 shares; cumulative first quarter of the 94th fiscal period: 106,390 shares; cumulative first quarter of the 95th fiscal period: 89,233 shares) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP Trust account was 89,233 shares in the cumulative first quarter of the 95th fiscal period. - FY202390,207 shares held by the executive compensation BIP TrustAnnual report
「The carrying amount and number of these treasury shares were ¥217 million and 107,302 shares, respectively, at the end of the previous consolidated fiscal year, and ¥182 million and 90,207 shares, respectively, at the end of the current consolidated fiscal year.」
Shares held by the executive compensation BIP Trust account decreased from 107,302 shares at the end of the previous fiscal year to 90,207 shares. - FY2023-Q396,257 shares held by the executive compensation BIP TrustAnnual report
「In calculating quarterly (current-period) net income per share, the Company’s shares held by the executive compensation BIP Trust account (93rd fiscal period: 112,386 shares; cumulative third quarter of the 93rd fiscal period: 114,080 shares; cumulative third quarter of the 94th fiscal period: 96,257 shares) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP Trust account was 96,257 shares in the cumulative third quarter of the 94th fiscal period. - FY2023-Q299,282 shares held by the executive compensation BIP TrustAnnual report
「In calculating quarterly (current-period) net income per share, the Company’s shares held by the executive compensation BIP Trust account (93rd fiscal period: 112,386 shares; cumulative second quarter of the 93rd fiscal period: 117,469 shares; cumulative second quarter of the 94th fiscal period: 99,282 shares) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP Trust account was 99,282 shares in the cumulative second quarter of the 94th fiscal period. - FY2023-Q1Shares held by the executive compensation BIP trust: 106,390 sharesAnnual report
「For the purpose of calculating quarterly (annual) net income per share, the company’s shares held by the executive compensation BIP trust account (112,386 shares in the 93rd fiscal year; 125,770 shares in the cumulative first quarter of the 93rd fiscal year; 106,390 shares in the cumulative first quarter of the 94th fiscal year) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP Trust account was 106,390 shares in the cumulative first quarter of the 94th fiscal period. - FY2022-Q3Shares held by the executive compensation BIP trust: 114,080 sharesAnnual report
「For the purpose of calculating quarterly (annual) net income per share, the company’s shares held by the executive compensation BIP trust account (133,258 shares in the 92nd fiscal year; 135,163 shares in the cumulative third quarter of the 92nd fiscal year; 114,080 shares in the cumulative third quarter of the 93rd fiscal year) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP trust account was 114,080 in the cumulative third quarter of the 93rd fiscal year. - FY2022-Q2Shares held by the executive compensation BIP trust: 117,469 sharesAnnual report
「For the purpose of calculating quarterly (annual) net income per share, the company’s shares held by the executive compensation BIP trust account (133,258 shares in the 92nd fiscal year; 138,973 shares in the cumulative second quarter of the 92nd fiscal year; 117,469 shares in the cumulative second quarter of the 93rd fiscal year) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP trust account was 117,469 in the cumulative second quarter of the 93rd fiscal year. - FY2022-Q1Shares held by the executive compensation BIP trust: 125,770 sharesAnnual report
「For the purpose of calculating quarterly (annual) net income per share, the company’s shares held by the executive compensation BIP trust account (133,258 shares in the 92nd fiscal year; 148,202 shares in the cumulative first quarter of the 92nd fiscal year; 125,770 shares in the cumulative first quarter of the 93rd fiscal year) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP trust account was 125,770 in the cumulative first quarter of the 93rd fiscal year. - FY2021-Q3Shares held by the executive compensation BIP trust: 135,163 sharesAnnual report
「For the purpose of calculating quarterly (annual) net income per share, the company’s shares held by the executive compensation BIP trust account (150,000 shares in the cumulative third quarter of the 91st fiscal year; 150,000 shares in the 91st fiscal year; 135,163 shares in the cumulative third quarter of the 92nd fiscal year) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the executive compensation BIP trust account was 135,163 in the cumulative third quarter of the 92nd fiscal year. - FY2021-Q2Shares held by the executive compensation BIP trust: 138,973 sharesAnnual report
「For the purpose of calculating quarterly (annual) net income per share, the company’s shares held by the executive compensation BIP trust account (150,000 shares in the cumulative second quarter of the 91st fiscal year; 150,000 shares in the 91st fiscal year; 138,973 shares in the cumulative second quarter of the 92nd fiscal year) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The number of shares held by the BIP trust account related to the performance-linked share-based compensation plan was 138,973 in the cumulative second quarter of the 92nd fiscal year. - FY2021-Q1Shares held by the executive compensation BIP trust: 148,202 sharesAnnual report
「For the purpose of calculating quarterly (annual) net income per share from the 91st fiscal year onward, the company’s shares held by the executive compensation BIP trust account (150,000 shares in the 91st fiscal year; 148,202 shares in the cumulative first quarter of the 92nd fiscal year) are included in treasury shares deducted in calculating the average number of shares outstanding during the period.」
The company states that the number of shares held by the BIP trust account related to the performance-linked share-based compensation plan was 148,202 in the cumulative first quarter of the 92nd fiscal year. - FY2020RestatedAnnual report
「The company began this plan from the current consolidated fiscal year.」
The performance-linked share-based compensation plan began in the current fiscal year, and the trust holds 150,000 shares. - FY2020-Q2AdvancedAnnual report
「In addition, 150,000 shares are held by The Master Trust Bank of Japan, Ltd. as the “Executive Compensation BIP Trust Account.”」
The company discloses that the executive compensation BIP trust account holds 150,000 shares under the performance-linked share-based compensation plan. - FY2019First statedAnnual report
「The company resolved to introduce a new performance-linked share-based compensation plan for directors, excluding outside directors and non-residents of Japan, and executive officers, excluding non-residents of Japan. A proposal concerning the introduction of the plan was submitted to and approved at the 90th Annual General Meeting of Shareholders held on 25 June 2019.」
To encourage awareness of contributions to medium- and long-term performance improvement and increased corporate value, and to align interests with shareholders, the company introduced a share-based compensation plan using a BIP trust for executive compensation. The covered period comprises the 5 fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2024, the maximum trust amount is ¥420 million, and the annual points cap is 30,000 points.