Introduction of Performance-Linked Remuneration and Shareholder-Value-Linked Stock-Based Compensation
First written in FY2020. 4 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Exercised 900 Forfeited – Outstanding unexercised 2,700」
During the current fiscal year, stock-compensation stock options equivalent to 900 shares were exercised, leaving 2,700 shares outstanding and unexercised. - FY2025-H1AdvancedAnnual report
「Date of resolution 18 June 2024 Category and number of grantees (people) 5 directors of the Company Number of subscription rights to shares (units)* 12 units Class, details and number of shares underlying the subscription rights to shares (shares)* 100 common shares per subscription right」
For the stock-compensation stock options resolved in FY2024, the Company disclosed the grant of 12 subscription rights to shares to 5 directors and the terms of 100 common shares per subscription right. - FY2024AdvancedAnnual report
「At the 29th Annual General Meeting of Shareholders held on 18 June 2024, approval was obtained to set the annual amount of compensation, separately from the monetary compensation limit, for subscription rights to shares as stock options for directors excluding outside directors at no more than ¥100 million, excluding salaries for employees, in order to strengthen the linkage between the compensation of the Company's directors, excluding outside directors, and the Company's performance and share value, promote greater value sharing with shareholders, increase their motivation and morale to contribute to improved performance and corporate value, and clarify matters requiring shareholder resolutions under the Act Partially Amending the Companies Act (Act No. 70 of 2019), which took effect on 1 March 2021, and other legislation when specifically granting subscription rights to shares.」
The Company revised its previous compensation system, abolished the portion for outside directors and obtained approval for stock-compensation stock options for 6 in-house directors, with an annual limit of ¥100 million and a maximum of 20,000 shares. - FY2023RestatedAnnual report
「Compensation for our directors, excluding outside directors, consists of fixed compensation, performance-linked compensation and shareholder-value-linked stock compensation.」
The Company continues to operate an executive compensation system comprising fixed compensation, performance-linked compensation and shareholder-value-linked stock compensation. - FY2022AdvancedAnnual report
「Compensation for our directors, excluding outside directors, consists of fixed compensation, performance-linked compensation and shareholder-value-linked stock compensation.」
For the compensation system whose introduction was announced in FY2020, the composition of fixed compensation, performance-linked compensation and shareholder-value-linked stock compensation, as well as the calculation method using consolidated net sales, consolidated ordinary profit and net income attributable to owners of the parent, among other measures, was disclosed in detail. - FY2020First statedAnnual report
「From the fiscal year ending March 2021, we have introduced performance-linked compensation and shareholder-value-linked stock compensation as components of compensation for directors, excluding outside directors, to ensure transparency and objectivity and provide incentives for management aimed at increasing the corporate value of our Group.」
From the fiscal year ending March 2021, the Company has indicated a policy of introducing compensation for full-time directors linked to achievement levels for consolidated net sales, consolidated ordinary profit and net income attributable to owners of the parent, among other measures, together with stock compensation linked to the increase in market capitalization.