Introduction of a Share-Based Compensation Plan Linked to Medium- to Long-Term Performance
First written in FY2020. 3 of 6 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
77 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The trust period was extended for 3 years, from 1 September 2024 to 31 August 2027, in connection with the continuation of the plan. To further clarify the linkage between the Company’s performance and shareholder value, the performance achievement conditions now include an evaluation of the Company’s TSR relative to TOPIX, in addition to the performance indicators for each fiscal year set out in the medium-term management plan.」
The executive stock compensation plan was extended through August 2027, and a TSR evaluation relative to TOPIX was added to the medium-term plan’s performance indicators. - FY2023RestatedAnnual report
「The plan adopts a structure known as a Board Incentive Plan (BIP) trust. Covering the fiscal years corresponding to the period of the medium-term management plan, it awards a certain number of points to directors and other officers based on their position and the degree to which performance targets are achieved, provided that they satisfy the prescribed beneficiary requirements, including being a director or other officer during the coverage period. One point equals 1 share.」
We continue to operate the stock compensation plan for directors and other officers linked to the performance targets of the medium-term management plan. - FY2022RestatedAnnual report
「Under this plan, covering the fiscal years corresponding to the period of the medium-term management plan, a certain number of points are awarded to directors and other officers based on their position and the degree to which performance targets are achieved, provided that they satisfy the prescribed beneficiary requirements, including being a director or other officer during the coverage period. One point equals 1 share.」
We continue to operate the stock compensation plan for directors and other officers linked to the performance targets of the medium-term management plan. - FY2021-Q3AdvancedAnnual report
「From the current third-quarter consolidated accounting period, the Group has also introduced a trust-type employee shareholding incentive plan, referred to below as “the Plan,” as a cash-settled share-based compensation plan.」
In addition to the performance-linked stock compensation plan for directors and other officers introduced in the previous fiscal year, a cash-settled employee shareholding incentive plan was introduced from the third-quarter accounting period. - FY2021-Q2AdvancedAnnual report
「From the current second-quarter consolidated accounting period, the Group has introduced a performance-linked stock compensation plan for directors and other officers as an equity-settled share-based compensation plan.」
The performance-linked stock compensation plan for directors and other officers announced in the previous fiscal year was applied from the second-quarter accounting period, with expenses and equity recognised based on the fair value of the shares. - FY2020First statedAnnual report
「We reviewed our executive compensation system, beginning in fiscal 2020, and will introduce a performance-linked stock compensation plan as an incentive to promote the medium- and long-term enhancement of corporate value.」
A stock delivery trust will be introduced with 3 August 2020 as the plan start date and a coverage period comprising a total of 4 fiscal years: fiscal 2020 and fiscal 2021 through fiscal 2023. Based on achievement of standard performance targets, the allocation will be 60% base compensation, 23% performance-evaluation compensation and 17% performance-linked stock compensation. Performance indicators will include consolidated revenue, consolidated business profit and ROE.