Strengthening the Linkage Between Performance and Share Price Through a Performance-Linked Share Compensation Plan
First written in FY2018. 3 of 20 entries say "Reframed", first in 2026-05-18. Latest entry: FY2026.
Prima Meat Packers moved to the "Worse" side of this theme in 2026, 3 years after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The company has submitted the proposal “Revision of the performance-linked share-based compensation plan for directors” as an agenda item for resolution at the 79th Annual General Meeting of Shareholders scheduled for 25 June 2026. If the proposal is approved, the outline of the performance-linked share-based compensation plan for Directors, etc. will be as follows.」
Consolidated operating profit was ¥9.131 billion against the budget of ¥14.9 billion, and the company disclosed that the target was not achieved, while proposing to revise the plan by introducing transfer restrictions for share deliveries and combining share points, representing 70%, with cash points. - FY2025Performance-linked compensation target not achieved and decrease in shares held in the trustAnnual report
「Consolidated operating profit, the performance indicator for performance-linked compensation for the current fiscal year, was ¥8.948 billion, compared with the target of ¥16.2 billion.」
Consolidated operating profit was ¥8.948 billion against the target of ¥16.2 billion, and the company disclosed that the target was not achieved. Shares remaining in the trust decreased from 83,000 to 72,000. - FY2025-H1Update on shares held in the trust and their carrying amountAnnual report
「The carrying amount and number of these treasury shares were ¥221 million and 83,000 shares at the end of the previous consolidated fiscal year, and ¥193 million and 72,000 shares at the end of the interim consolidated fiscal period.」
For the performance-linked share-based compensation plan, the company's shares remaining in the trust totaled 72,000, with a carrying amount of ¥193 million, a decrease from the end of the previous consolidated fiscal year. - FY2024-Q3Update on shares held in the trust and their carrying amountAnnual report
「The carrying amount and number of these treasury shares were ¥231 million and 86,000 shares at the end of the previous consolidated fiscal year, and ¥221 million and 83,000 shares at the end of the third quarter of the current consolidated fiscal year.」
The shares remaining in the trust under the performance-linked share-based compensation plan totaled 83,000, with a carrying amount of ¥221 million. - FY2024-Q2Update on shares held in the trust and their carrying amountAnnual report
「The carrying amount and number of these treasury shares were ¥231 million and 86,000 shares at the end of the previous consolidated fiscal year, and ¥221 million and 83,000 shares at the end of the second quarter of the current consolidated fiscal year.」
The shares remaining in the trust under the performance-linked share-based compensation plan totaled 83,000, with a carrying amount of ¥221 million. - FY2023Failure to Meet the Consolidated Operating Profit TargetAnnual report
「Consolidated operating profit, the performance indicator for performance-linked compensation for the current fiscal year, was ¥9.725 billion, compared with the target of ¥16 billion.」
For consolidated operating profit under the performance-linked share-based compensation plan, actual results were ¥9.725 billion against the target of ¥16 billion, and the company disclosed that the target was not achieved. - FY2023-Q3Update on shares held in the trust and their carrying amountAnnual report
「The carrying amount and number of these treasury shares were ¥237 million and 89,000 shares at the end of the previous consolidated fiscal year, and ¥231 million and 86,000 shares at the end of the third quarter of the current consolidated fiscal year.」
The shares remaining in the trust under the performance-linked share-based compensation plan totaled 86,000, with a carrying amount of ¥231 million. - FY2023-Q2Update on shares held in the trust and their carrying amountAnnual report
「The carrying amount and number of these treasury shares were ¥237 million and 89,000 shares at the end of the previous consolidated fiscal year, and ¥231 million and 86,000 shares at the end of the second quarter of the current consolidated fiscal year.」
The shares remaining in the trust under the performance-linked share-based compensation plan totaled 86,000, with a carrying amount of ¥231 million. - FY2022Failure to Meet the Consolidated Operating Profit TargetAnnual report
「Consolidated operating profit, the performance indicator for performance-linked compensation for the current fiscal year, was ¥12.966 billion, compared with the target of ¥16.6 billion.」
For consolidated operating profit under the performance-linked share-based compensation plan, actual results were ¥12.966 billion against the target of ¥16.6 billion, and the company disclosed that the target was not achieved. - FY2022-Q2Update on shares held in the trust and their carrying amountAnnual report
「The carrying amount and number of these treasury shares were ¥243 million and 91,000 shares at the end of the previous consolidated fiscal year, and ¥237 million and 89,000 shares at the end of the second quarter of the current consolidated fiscal year.」
The shares remaining in the trust in connection with the performance-linked share-based compensation plan totaled 89,000, with a carrying amount of ¥237 million. - FY2021AchievedAnnual report
「Consolidated operating profit, the performance indicator for performance-linked compensation for the current fiscal year, was ¥21.475 billion, compared with the target of ¥14.5 billion.」
Consolidated operating profit for the current fiscal year was ¥21.475 billion against the ¥14.5 billion target for the performance-linked share-based compensation plan, exceeding the target. - FY2021-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥243 million and 91,000 shares at the end of the previous consolidated fiscal year, and ¥243 million and 91,000 shares at the end of the third quarter of the current consolidated fiscal year.」
For the performance-linked share-based compensation plan, 91,000 shares remained in the trust, with a carrying amount of ¥243 million, unchanged from the end of the previous consolidated fiscal year. - FY2020AchievedAnnual report
「Consolidated operating profit, the performance indicator for performance-linked compensation for the current fiscal year, was ¥15.636 billion, compared with the target of ¥14.1 billion.」
For the current fiscal year's performance-linked share-based compensation indicator, consolidated operating profit was ¥15.636 billion against the target of ¥14.1 billion, achieving the target for the year. - FY2020-Q2Update on shares held in the trust and their carrying amountAnnual report
「We have introduced a share-based compensation plan for directors, excluding outside directors, and certain executive officers who do not concurrently serve as directors (collectively, “Directors, etc.”), the Share Delivery Trust (BBT) (the “Plan”), to increase awareness of contributing to improved medium- to long-term performance and increased corporate value.」
For the performance-linked share-based compensation plan, the company disclosed 91,000 of its shares remaining in the trust, with a carrying amount of ¥243 million. - FY2020-Q1Update on shares held in the trust and their carrying amountAnnual report
「The carrying amount and number of these treasury shares were ¥216 million and 78,000 shares at the end of the previous consolidated fiscal year, and ¥246 million and 92,000 shares at the end of the first quarter of the current consolidated fiscal year.」
For the performance-linked share-based compensation plan, the company disclosed 92,000 of its shares remaining in the trust, with a carrying amount of ¥246 million. - FY2019Failure to Meet the Consolidated Operating Profit TargetAnnual report
「Consolidated operating profit, the performance indicator for performance-linked compensation for the current fiscal year, was ¥13.168 billion, compared with the target of ¥16.4 billion.」
For the performance-linked share-based compensation plan, consolidated operating profit was ¥13.168 billion against the target of ¥16.4 billion. - FY2019-Q2AdvancedAnnual report
「Based on a resolution of the 71st Annual General Meeting of Shareholders held on 28 June 2018, we introduced, from the second quarter of the current fiscal year, a share-based compensation plan for officers, the Share Delivery Trust (BBT) (the “Plan”), to increase awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The performance-linked share-based compensation plan approved in the previous fiscal year was implemented from the second quarter of the current fiscal year, and the company disclosed 390,000 shares held in the trust and a carrying amount of ¥216 million. - FY2018First statedAnnual report
「At the 71st Annual General Meeting of Shareholders held on 28 June 2018, we introduced a performance-linked share-based compensation plan (the “Plan”) to clarify the linkage between directors’ compensation and our business performance and share value, and to increase directors’ awareness of contributing to improved medium- to long-term performance and increased corporate value by sharing with shareholders not only the benefits of a rising share price but also the risk of a declining share price. “Directors” excludes outside directors and has the same meaning hereafter unless otherwise stated.」
The plan covers 390,000 shares and uses the consolidated operating profit target of ¥16.4 billion for the 72nd fiscal year, a coefficient based on the achievement rate, and the 3 fiscal years from the fiscal year ended March 2019 through the fiscal year ended March 2021.