Performance-Linked Share-Based Compensation and BIP Trust
First written in FY2020. 2 of 3 entries say "Raised", first in FY2022. Latest entry: FY2024.
5 other companies' latest entry also says "Raised".
- FY2024RaisedAnnual report
「Maximum amount contributed by the Company: ¥3,600 million for 3 fiscal years; maximum number of the Company's shares, etc., delivered to directors and others: 1.5 million points for 3 fiscal years (equivalent to 1.5 million shares)」
Under the 2024 compensation system introduced in connection with the transition to a company with an Audit & Supervisory Committee, the contribution limit for 3 fiscal years was raised to ¥3.6 billion, and the proportion of performance-linked compensation was also increased. - FY2022RaisedAnnual report
「Maximum amount contributed by the Company: ¥1,800 million for 3 fiscal years Maximum number of the Company's shares to be delivered to directors and others: 6 million points for 3 fiscal years (Equivalent to 1.2 million shares after the share consolidation effective 1 October 2021)」
The Company continued and revised its performance-linked share compensation program through a BIP trust, setting the contribution limit for 3 fiscal years at ¥1.8 billion and the points limit at 6 million points. - FY2020First statedAnnual report
「At the 15th Annual General Meeting of Shareholders held on 19 June 2018, the company introduced a performance-linked share compensation and other compensation scheme as an executive compensation system that is closely linked to company performance and highly transparent and objective, with the aim of heightening awareness of contributing to long-term improvement in the company's performance and growth in corporate value. The maximum amount of funds contributed by the company: ¥700 million in total for 3 fiscal years. Maximum number of company shares delivered to directors and other eligible officers: a maximum of 3 million points, equivalent to 3 million shares, granted to directors and other eligible officers during the trust period covering 3 fiscal years.」
The company described a scheme for directors and executive officers under which shares and other instruments are delivered through a BIP trust, linked to consolidated net income for the fiscal year and other performance metrics. Contributions are capped at ¥700 million over 3 fiscal years, and points are capped at 3 million.