Operation of and Consideration of Reintroducing Performance-Linked Compensation and a Share-Based Compensation Plan
First written in FY2019. 10 of 13 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The applicable period of the plan comprises the 3 fiscal years from the fiscal year ending 31 March 2026 through the fiscal year ending 31 March 2028.」
The company continued the share-based compensation plan for the fiscal years ending March 2026 through March 2028, operating the plan with a maximum trust funding of ¥1.5 billion, a maximum of 1,000,000 points, and metrics including the consolidated operating profit margin, revenue and ESG indicators. - FY2026-H1AdvancedAnnual report
「During the current interim consolidated fiscal period, the executive compensation BIP trust acquired 649,100 common shares of the company at a total acquisition cost of ¥862 million.」
Under the existing share-based compensation plan, the executive compensation BIP trust acquired 649,100 common shares at a total cost of ¥862 million, and operation of the plan continued. - FY2025RaisedAnnual report
「At the 114th Annual General Meeting of Shareholders scheduled for 24 June 2025, the company plans to submit a proposal to revise the maximum amount of trust funds to be contributed by the company to no more than ¥1.5 billion for 3 fiscal years, including no more than ¥72 million for outside directors, and the maximum number of points to be granted to directors and others during the trust period to 1,000,000 points, equivalent to 1,000,000 shares, for 3 fiscal years.」
The company presented a proposal to increase the maximum trust funding for the next applicable period under the executive compensation BIP trust from ¥1.2 billion to ¥1.5 billion and the maximum number of points from the post-stock-split equivalent of 750,000 shares to 1,000,000 shares. - FY2025-H1AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 26 April 2024, during the current interim consolidated fiscal period the company disposed of treasury shares worth ¥306 million, comprising 324,972 common shares, as a restricted stock incentive.」
As part of operating the share-based compensation plan, the company disposed of 324,972 treasury shares worth ¥306 million for the restricted stock incentive. - FY2024AdvancedAnnual report
「Points granted during the period: 16,993 points; points exercised during the period: △1,295 points; balance at period-end: 25,211 points」
Under the executive compensation BIP trust introduced by the company, 16,993 points were granted and 1,295 points were exercised during the fiscal year, resulting in a period-end balance of 25,211 points. Share-based compensation expense was ¥174 million. - FY2023AdvancedAnnual report
「The initial applicable period following the introduction of the plan comprises the 3 fiscal years from the fiscal year ending 31 March 2023 through the fiscal year ending 31 March 2025.」
The share-based compensation plan progressed from the consideration stage to implementation and operation. The applicable period was from the fiscal year ending March 2023 through the fiscal year ending March 2025; 9,513 points were granted during the fiscal year, and share-based compensation expense of ¥77 million was recorded. - FY2023-Q3AdvancedAnnual report
「The plan uses an executive compensation BIP (Board Incentive Plan) trust. During the nine-month period of the current consolidated fiscal year, the trust acquired 58,100 common shares of the company, at a total acquisition cost of ¥504 million.」
For the share-based compensation plan introduced from the second quarter, the company disclosed the acquisition through the executive compensation BIP trust of 58,100 common shares at a total acquisition cost of ¥504 million, indicating progress in operating the plan. - FY2023-Q2AdvancedAnnual report
「The company introduced a share-based compensation plan from the second quarter of the current consolidated fiscal year. Consideration for services received under the plan is measured based on the fair value of the company's shares at the grant date or the fair value of the liability incurred, recognized as an expense over the vesting period, with an equal amount recognized as an increase in equity or liabilities.」
The share-based compensation plan, previously under consideration, was introduced from the second quarter. The company also disclosed the acquisition of 58,100 common shares at a total acquisition cost of ¥504 million through the executive compensation BIP trust. - FY2022AchievedAnnual report
「Share-based compensation is determined according to each director's position and other factors using a stock delivery trust, and consists of a fixed, non-performance-linked component and a performance-linked component. For the fixed component, points are calculated according to each director's position and other factors. For the performance-linked component, points are calculated by multiplying points based on each director's position and other factors by a coefficient reflecting the company's performance metrics for each fiscal year, and the number of shares to be delivered is determined accordingly.」
The company introduced a share-based compensation plan using a stock delivery trust, which had previously been under consideration, with a performance-linked component based on the consolidated operating profit margin, consolidated revenue and ESG metrics. The applicable period was from the fiscal year ended March 2023 through the fiscal year ended March 2025. - FY2021AdvancedAnnual report
「The company resolved its Policy for Determining Individual Compensation, etc., for Directors at a Board of Directors meeting held on 26 February 2021. Its outline is as follows. The total performance-linked component of base compensation and bonuses for directors other than outside directors shall not exceed 40% of total compensation.」
The Board of Directors formally resolved the policy for determining individual compensation, specifying base compensation and bonuses based on company and individual performance, a performance-linked component capped at 40%, and consideration of reintroducing share-based compensation. - FY2019First statedAnnual report
「The company selects evaluation metrics and uses a compensation structure linked to company performance and each executive's contribution to management, so as to contribute to stable earnings growth and higher corporate value. The company made a total of 5 grants in 2004–2005 and 2007–2009, but has made no grants since 2010. It plans to reconsider adopting a more effective share-based compensation plan suited to the company's future business environment when such a plan is developed.」
The company adopted a director compensation structure linked to company and individual performance, with performance-linked compensation capped at 40% of total compensation. Share-based compensation, however, has not been granted since 2010, and the company stated its policy of considering its reintroduction in the future.