Introduction of a Restricted Stock Compensation Plan
First written in FY2020. 5 of 11 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 3 of 32 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The performance indicators used to calculate the number of points granted to eligible directors under the RS Trust include ROE, an important and traditional measure of management efficiency for investors, as well as ESG-related indicators. These comprise reductions in CO2 emissions, addressing climate change; an increase in the proportion of women in management positions, promoting women's participation; and improved employee engagement, reflecting human capital management. These indicators are combined because they are considered important for improving management quality and fulfilling social responsibilities.」
The evaluation metrics for stock compensation have been expanded from a focus on ROE to a combination of ESG metrics, including CO2 reductions, the proportion of women in management positions and employee engagement. - FY2026-H1AdvancedAnnual report
「Based on a resolution of the annual general meeting of shareholders held on 26 June 2025, the company introduced a performance-linked stock compensation plan, the RS Trust, as compensation for directors, excluding outside directors, and executive officers, collectively referred to as the directors and executive officers, with the aim of increasing their awareness of contributing to higher corporate value through improved medium- to long-term business performance.」
The company resolved to introduce and implemented the performance-linked stock compensation plan, the RS Trust, as the successor to the previous restricted stock compensation plans and other arrangements. At the end of the interim period, the trust held 57,500 shares. - FY2025ReframedAnnual report
「The compensation limits for the restricted stock compensation plan approved at the ninth annual general meeting of shareholders held on 25 June 2020 and the performance-linked post-delivery RS plan approved at the 13th annual general meeting of shareholders held on 26 June 2024 will be abolished, and no further restricted stock will be allocated under either plan.」
The compensation structure is being reconfigured by abolishing the existing pre-delivery RS plan and the performance-linked post-delivery RS plan and moving to an RS trust plan from the 15th fiscal year onward. - FY2024ReframedAnnual report
「At the 13th annual general meeting of shareholders held on 26 June 2024, the company resolved to introduce a performance-linked post-delivery restricted stock compensation plan for eligible directors. Under the plan, each fiscal year is designated as a performance evaluation period, and a number of the company's common shares will be allocated according to the degree to which the numerical performance targets and other targets set by the Board of Directors for the relevant period are achieved. The purpose is to encourage eligible directors to improve performance from the same perspective as shareholders, share with shareholders the benefits and risks of changes in the share price, and further increase their motivation to contribute to sustained share price appreciation and higher corporate value.」
The compensation structure was reconfigured from the pre-delivery plan introduced in 2020 to a performance-linked post-delivery RS plan under which shares are delivered in the following fiscal year according to the achievement of numerical performance targets and other targets. No shares will be allocated under either plan in the 14th fiscal year, which will be the first performance period for the post-delivery plan. - FY2024-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors held on 20 July 2023, the company disposed of 4,100 treasury shares as restricted stock compensation for its directors, excluding outside directors, with a total disposal value of ¥8 million.」
As part of the continued operation of the restricted stock compensation plan, the company disposed of 4,100 treasury shares worth ¥8 million in total to the eligible directors. - FY2023-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors held on 20 July 2022, the company disposed of 7,800 treasury shares as restricted stock compensation for its directors, excluding outside directors, with a total disposal value of ¥13 million.」
Under the restricted stock compensation plan, the company disposed of 7,800 treasury shares with a total disposal value of ¥13 million to the eligible directors. - FY2022RestatedAnnual report
「Based on a resolution of the Board of Directors held on 20 July 2021, the company disposed of 8,800 treasury shares as restricted stock compensation on 4 August 2021, with a total disposal value of ¥14 million.」
The full-year results confirm the disposal of 8,800 treasury shares with a total value of ¥14 million to the eligible directors under the restricted stock compensation plan. - FY2022-Q2RestatedAnnual report
「Based on a resolution of the Board of Directors held on 20 July 2021, the company disposed of 8,800 treasury shares as restricted stock compensation on 4 August 2021, with a total disposal value of ¥14 million.」
Under the restricted stock compensation plan, the company disposed of 8,800 treasury shares with a total disposal value of ¥14 million to the eligible directors. The continued operation of the plan after its introduction has been confirmed. - FY2021-Q2AchievedAnnual report
「Based on the resolution of the Board of Directors held on 20 July 2020, the company disposed of 8,700 treasury shares, with a total disposal value of ¥15 million, as restricted stock compensation for its directors, excluding outside directors, during the first half of the current consolidated fiscal year.」
Following the resolution to introduce the restricted stock compensation plan, the company disposed of 8,700 treasury shares worth ¥15 million in total to the eligible directors, completing the practical implementation of the plan. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 July 2020, the company resolved to pay aggregate monetary compensation claims of ¥15,825,300 to 3 eligible directors, excluding outside directors, who were scheduled to receive the allocation, as restricted stock compensation for the period from immediately after the conclusion of the ninth annual general meeting of shareholders until the conclusion of the 10th annual general meeting of shareholders scheduled for June 2021. The company further resolved to allocate 8,700 shares of its common stock as specified restricted stock, with the eligible directors contributing the full amount of the monetary compensation claims in kind.」
Following the resolution to introduce the restricted stock compensation plan, the Board of Directors resolved on the specific disposal of 8,700 treasury shares to the 3 eligible directors. The disposal date was set as 4 August 2020. - FY2020First statedAnnual report
「As a new compensation structure, the ninth annual general meeting of shareholders held on 25 June 2020 resolved to abolish the retirement benefit scheme for directors, excluding outside directors, and introduce a restricted stock compensation plan.」
The company resolved to abolish the retirement benefit scheme and introduce a restricted stock compensation plan under which shareholders and directors share the benefits and risks arising from changes in the share price.