Performance-linked executive compensation through a BIP trust and employee share ownership through an ESOP trust
First written in FY2016. 14 of 27 entries say "Restated". Latest entry: 2026-07-29.
80 other companies' latest entry also says "Advanced".
- 2026-07-29AdvancedGovernance
「今般、コーポレートオフィサーを委任型に変更したことに伴い、取締役とコーポレートオフィサーの報酬体系の統一を図るため、本制度の一部改定を行い、コーポレートオフィサーを本制度の対象に追加することといたしました。」
年次業績連動株式報酬制度及び中期業績連動株式報酬制度について、対象を取締役からコーポレートオフィサーへ拡大し、報酬体系を統一する具体的な制度改定と追加拠出が示された。 - FY2026AdvancedAnnual report
「At the 40th Annual General Meeting of Shareholders held on 20 June 2025, we obtained approval to introduce a non-performance-linked stock compensation program for our non-executive directors, with the aim of increasing their motivation to contribute to enhancing corporate value over the medium to long term and further aligning their interests with those of shareholders.」
In addition to updating the BIP and ESOP trusts linked to VISION2030, we established a non-performance-linked stock compensation program for non-executive directors, with a 5-fiscal-year performance period and a compensation limit of ¥55 million. - FY2025ReframedAnnual report
「Following the end of the incentive plan linked to achievement of the VISION2025 medium-term management plan in the fiscal year ended March 2025, this program will serve as an incentive plan linked to achievement of the new medium-term management plan VISION2030 and will cover the 5 fiscal years from the fiscal year ending 31 March 2026 through the fiscal year ending 31 March 2030.」
The BIP and ESOP programs linked to VISION2025 ended and were updated to a new program linked to VISION2030 covering 5 fiscal years. Limits of ¥399 million for the BIP program for Covered Directors and ¥1,214 million for the ESOP program for Covered Employees were also established. - FY2024-Q2RestatedAnnual report
「The total dividends approved by the Board of Directors on 16 May 2023 include ¥56 million in dividends on our shares held by the Executive Compensation BIP Trust, ¥21 million in dividends on our shares held by the Stock Grant ESOP Trust and ¥26 million in dividends on our shares held by the E-Ship Trust.」
The continued operation of the Executive Compensation BIP Trust, Stock Grant ESOP Trust and E-Ship Trust, and the payment of dividends on the shares held by each trust, have been confirmed. - FY2022Payout ratio for medium- to long-term stock compensation: 0%Annual report
「The payout ratio was 0% because the level of achievement against the consolidated ordinary profit margin and consolidated ROE determined by the Board of Directors did not reach the required threshold for the fiscal year, and no expense was recorded.」
For the medium- to long-term incentive linked to VISION2025, the consolidated ordinary profit margin of 4.07% and adjusted consolidated ROE of 13.90% for the fiscal year ended March 2022 did not reach the required level of achievement against the targets, resulting in a payout ratio of 0%. - FY2022-Q3AdvancedAnnual report
「We introduced the annual performance-linked stock compensation program known as the Executive Compensation BIP Trust in the fiscal year ended March 2015, and the trust completed stock awards based on performance through the fiscal year ended March 2021. The remaining shares held by the trust are to be transferred to us without consideration when the trust period expires, and ¥112 million was recorded as an extraordinary loss for the nine months ended 31 December of the current fiscal year to provide for losses associated with the termination of the trust.」
Stock awards based on performance covered by the former BIP trust have ended, and a ¥112 million provision for losses was recorded in preparation for the termination of the trust. Following the change to the new BIP trust and Stock Grant ESOP Trust linked to VISION2025, operation of the programs is progressing. - FY2022-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 July 2021, we introduced the Executive Compensation BIP Trust and Stock Grant ESOP Trust and acquired 229,400 treasury shares for ¥1,268 million during the second quarter of the current consolidated fiscal year.」
Following the introduction of the new BIP trust and Stock Grant ESOP Trust linked to VISION2025, 229,400 treasury shares were acquired for ¥1,268 million. A provision for losses of ¥112 million associated with the termination of the former BIP trust was also recorded as an extraordinary loss. - FY2022-Q1AdvancedAnnual report
「Under this stock compensation program, our shares are acquired through a trust using directors’ compensation contributed by us and delivered to our directors according to the level of performance achieved.」
The continuation and partial revision of the Executive Compensation BIP Trust were approved at the general meeting of shareholders, and the establishment of a new trust was approved on 28 July 2021. Following its continuation, the Performance Period covers the fiscal years ending March 2022 through March 2025. - FY2021ReframedAnnual report
「We and our group companies (the “Covered Companies”) have introduced the “Executive Compensation BIP Trust” for directors of the Covered Companies, excluding outside and part-time directors (the “Covered Directors”), and the “Stock Grant ESOP Trust” for executive employees, including executive officers (the “Covered Employees”), with the Covered Directors and Covered Employees together referred to as “Program Participants.” The programs are designed to heighten their awareness of contributing to increased corporate value over the medium to long term by pursuing the goals of the medium-term management plan.」
In addition to the existing BIP- and E-Ship-centered programs, we established a medium-term performance-linked program covering the fiscal years ending March 2022 through March 2025, comprising a BIP trust for Covered Directors and a Stock Grant ESOP Trust for executive employees. Contributions are capped at ¥419 million for Covered Directors and ¥571 million for Covered Employees. - FY2021-Q3RestatedAnnual report
「The total dividends approved by the Board of Directors on 26 October 2020 include ¥5 million in dividends on our shares held by the Executive Compensation BIP Trust and ¥9 million in dividends on our shares held by the E-Ship Trust.」
Dividends continue to be paid on the shares held by the Executive Compensation BIP Trust and E-Ship Trust. - FY2021-Q1RestatedAnnual report
「The total dividends approved by the Board of Directors on 15 May 2020 include ¥7 million in dividends on our shares held by the Executive Compensation BIP Trust and ¥13 million in dividends on our shares held by the E-Ship Trust.」
Dividends continue to be paid on the shares held by the Executive Compensation BIP Trust and E-Ship Trust. Operation following the change from the Employee Share Ownership ESOP Trust to the E-Ship Trust can be confirmed. - FY2020ReframedAnnual report
「Following the termination of the Employee Share Ownership ESOP Trust, we introduced the “Trust-Type Employee Share Ownership Incentive Plan (E-Ship)” (the “E-Ship Trust”) from the current consolidated fiscal year to provide employees with incentives to increase our corporate value over the medium to long term.」
The Employee Share Ownership ESOP Trust ended on 17 March 2020, after which the program changed from the ESOP trust to E-Ship. E-Ship will operate for 5 years, with share acquisitions capped at ¥720 million. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 January 2020, we resolved to introduce the “Trust-Type Employee Share Ownership Incentive Plan (E-Ship)” (the “Plan”) to provide our employees with incentives to increase our corporate value over the medium to long term.」
In addition to the existing BIP and ESOP trusts, the introduction of E-Ship, covering all employees, was approved. The employee share ownership trust is scheduled to operate from 29 January 2020 through 4 February 2025, with total share acquisitions capped at ¥720 million. - FY2020-Q2Decrease in the number of shares held by the ESOP trustAnnual report
「The common shares reported under “Shares with Full Voting Rights (Other)” include 151,972 of our shares (1,519 voting rights) held by Japan Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust account No. 75723). They also include 82,500 of our shares (825 voting rights) held by Japan Master Trust Bank of Japan, Ltd. (Employee Share Ownership ESOP Trust account No. 75722).」
The BIP trust is reported as holding 151,972 shares, while the ESOP trust is reported as holding 82,500 shares. - FY2020-Q1RestatedAnnual report
「The total dividends approved by the Board of Directors on 16 May 2019 include ¥8 million in dividends on our shares held by the Executive Compensation BIP Trust and ¥6 million in dividends on our shares held by the Employee Share Ownership ESOP Trust.」
Dividends continue to be paid on the shares held by the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust. - FY2019ReframedAnnual report
「As the program covered the fiscal year ending March 2019, a proposal concerning its continuation and partial revision was submitted to and approved at the 34th Annual General Meeting of Shareholders held on 19 June 2019. Following its continuation, the period was set as the 2 fiscal years through the fiscal year ending March 2021, coinciding with the end of the period covered by our medium-term management plan VISION2020 (fiscal years ending March 2016 through March 2021) (the “Performance Period”).」
The Executive Compensation BIP Trust was continued and partially revised from the program covering the fiscal year ending March 2019 to cover the 2 fiscal years through the fiscal year ending March 2021, in line with the end of VISION2020. The compensation limit for the Performance Period is ¥150 million. - FY2019-Q3RestatedAnnual report
「The total dividend resolved at the Board of Directors meeting held on 29 October 2018 includes ¥6 million in dividends on the Company's shares held by the directors' compensation BIP trust and ¥5 million in dividends on the Company's shares held by the employee stock ownership ESOP trust.」
Dividends continue to be paid on the shares held by the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust. - FY2019-Q1RestatedAnnual report
「The total dividends approved by the Board of Directors on 14 May 2018 include ¥5 million in dividends on our shares held by the Executive Compensation BIP Trust and ¥6 million in dividends on our shares held by the Employee Share Ownership ESOP Trust.」
Dividends continue to be paid on the shares held by the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust. - FY2018RestatedAnnual report
「Under this stock compensation program, which applies to directors serving during the 5-year period from the fiscal year ending 31 March 2015 through the fiscal year ending 31 March 2019 (the “Performance Period”), shares of our company are acquired through a trust using the directors’ compensation contributed by us and are delivered to our directors according to the level of performance achieved.」
The operation, performance period and performance-linked stock awards under the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust continue. - FY2018-Q3RestatedAnnual report
「The common shares reported under “Shares with Full Voting Rights (Other)” include 151,972 of our shares (1,519 voting rights) held by Japan Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust account No. 75723). They also include 191,100 of our shares (1,911 voting rights) held in the Employee Share Ownership ESOP Trust account No. 75722.」
The continued operation of the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust and their holdings can be confirmed from the number of shares held. - FY2018-Q2RestatedAnnual report
「The total dividends approved by the Board of Directors on 27 October 2017 include ¥4 million in dividends on our shares held by the Executive Compensation BIP Trust and ¥5 million in dividends on our shares held by the Employee Share Ownership ESOP Trust.」
Dividends continue to be paid on the shares held by the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust. - FY2018-Q1RestatedAnnual report
「The total dividends approved by the Board of Directors on 16 May 2017 include ¥4 million in dividends on our shares held by the Executive Compensation BIP Trust and ¥6 million in dividends on our shares held by the Employee Share Ownership ESOP Trust.」
Dividends continue to be paid on the shares held by the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust. - FY2017RestatedAnnual report
「Under this stock compensation program, which applies to directors serving during the 5-year period from the fiscal year ending 31 March 2015 through the fiscal year ending 31 March 2019 (the “Performance Period”), shares of our company are acquired through a trust using the directors’ compensation contributed by us and are delivered to our directors according to the level of performance achieved.」
The Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust remain in operation, confirming the BIP trust’s 5-year performance period and performance-linked stock awards. - FY2017-Q3RestatedAnnual report
「The common shares reported under “Shares with Full Voting Rights (Other)” include 156,284 of our shares (1,562 voting rights) held by Japan Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust account No. 75723). They also include 240,300 of our shares (2,403 voting rights) held in the Employee Share Ownership ESOP Trust account No. 75722.」
The continued operation of the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust and their holdings can be confirmed from the number of shares held. - FY2017-Q2RestatedAnnual report
「The total dividends approved by the Board of Directors on 27 October 2016 include ¥4 million in dividends on our shares held by the Executive Compensation BIP Trust and ¥7 million in dividends on our shares held by the Employee Share Ownership ESOP Trust.」
Dividends continue to be paid on the shares held by the Executive Compensation BIP Trust and Employee Share Ownership ESOP Trust, confirming the continued operation of both programs. - FY2017-Q1RestatedAnnual report
「The total dividends approved by the Board of Directors on 17 May 2016 include ¥4 million in dividends on our shares held by the Executive Compensation BIP Trust and ¥8 million in dividends on our shares held by the Employee Share Ownership ESOP Trust.」
The BIP and ESOP trusts remain in operation and continue to hold shares, on which dividends are also being paid. - FY2016First statedAnnual report
「We have introduced the performance-linked stock compensation program known as the Executive Compensation BIP Trust for directors, excluding outside and part-time directors (hereinafter, “Directors”), to more clearly link directors’ compensation with our performance and shareholder value, and to heighten their motivation to improve performance over the medium to long term and contribute to increasing shareholder value.」
The executive BIP trust has a 5-year performance period and planned total stock purchases of ¥240 million. The employee share ownership ESOP trust also plans to acquire shares over approximately 5 years, with planned total stock purchases of ¥480 million.