Medium- to long-term incentives to improve business performance and the share price through company stock compensation
First written in FY2017. 8 of 11 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2024-Q3.
105 other companies' latest entry also says "Advanced".
- FY2024-Q3AdvancedAnnual report
「In addition, based on a resolution of the Board of Directors meeting held on 31 August 2023, the Company disposed of 718,500 treasury shares as restricted stock compensation, effective 1 December 2023.」
Under the restricted stock compensation plan, 718,500 treasury shares were disposed of effective 1 December 2023, advancing the operation of the medium- to long-term incentive scheme. - FY2023AdvancedAnnual report
「Before release of transfer restrictions End of previous consolidated fiscal year 32,600 shares 49,300 shares 26,400 shares Granted － － － Forfeited － － － Transfer restrictions released 32,600 shares － 3,000 shares」
Under the restricted stock compensation plan, transfer restrictions were released on 32,600 shares issued in December 2019 and on 3,000 shares issued in November 2021, indicating further progress in the scheme’s operation. - FY2022AdvancedAnnual report
「Other items consist of the grant of 639,900 restricted shares and the exercise of rights under share options for 1,100 shares.」
Under the restricted stock compensation plan as a medium- to long-term incentive, 639,900 shares were disposed of during the fiscal year, and rights under share options for 1,100 shares were also exercised. - FY2022-Q3AdvancedAnnual report
「In addition, based on a resolution of the Board of Directors meeting held on 25 August 2021, the Company disposed of 639,600 treasury shares as restricted stock compensation, with 15 November 2021 as the disposal date.」
Under the restricted stock compensation plan, 639,600 treasury shares were disposed of on 15 November 2021, expanding the scheme’s operating track record. - FY2021AdvancedAnnual report
「Other (disposal of treasury shares under the restricted stock compensation plan) 49,300 shares ¥130.364 million」
Under the restricted stock compensation plan, 49,300 treasury shares were disposed of during the fiscal year, for total disposal proceeds of ¥130.364 million. - FY2021-Q2AdvancedAnnual report
「Share options issued in September 2020 Resolution date 26 August 2020 Eligible recipients and number of recipients (people) Executive officers of the Company 7 Number of share options (options) 234 Class, details and number of shares underlying the share options Common shares 23,400 Exercise period for the share options From 25 September 2021 To 25 September 2025」
In September 2020, share options equivalent to 23,400 common shares were issued to 7 executive officers, with an exercise period from September 2021 through September 2025. - FY2020AdvancedAnnual report
「The decrease of 32,600 shares in the number of treasury common shares represents the disposal of treasury shares under the restricted stock compensation plan.」
Under the scheme changed from stock options to restricted stock compensation, 32,600 treasury shares were disposed of during the fiscal year, resulting in a track record of the scheme’s operation. - FY2019RestatedAnnual report
「At the 29th Annual General Meeting of Shareholders held on 20 June 2018, the Company obtained approval for a restricted stock compensation plan, in place of the previous compensation involving share options as part of the above-mentioned “medium- to long-term incentive” compensation scheme. The plan covers directors, including outside directors, and is intended to provide incentives to improve the Company’s medium- to long-term performance and increase corporate value, while further aligning the interests of eligible directors with those of shareholders.」
The medium- to long-term incentive scheme was changed from stock options to restricted stock compensation. - FY2019-Q1AdvancedAnnual report
「Category and number of eligible recipients (people) Employees 467 Exercise period for subscription rights to shares ※ From 1 April 2021 To 31 March 2024」
The Company disclosed incentive-based subscription rights to shares issued in April 2018 for 467 employees, with an exercise period from April 2021 through March 2024. - FY2018ReframedAnnual report
「At the 29th Annual General Meeting of Shareholders held on 20 June 2018, shareholders approved a restricted stock compensation plan, replacing compensation relating to subscription rights to shares under the previous stock option program. The plan covers directors, including outside directors, and is intended to provide incentives to improve the Company's medium- to long-term performance and increase corporate value, while further aligning value with the shareholders of the covered directors.」
The Company changed its compensation system from a conventional stock option-based structure to restricted stock compensation. Compensation receivables are capped at ¥270 million per year, and the number of shares issued or disposed of is capped at 210,000 shares per year. - FY2017First statedAnnual report
「The Company has had a stock option program in place for some time, but plans to continue considering its use as share-based compensation tied to the Company's medium- to long-term performance and share price appreciation, in order to align interests with shareholders and encourage greater motivation to contribute to the growth of corporate value.」
The Company indicated that it would use its existing stock options as share-based compensation to align interests with shareholders and promote medium- to long-term improvements in performance and the share price.