Performance-Linked Share-Based Compensation System for Directors
First written in FY2017. 8 of 23 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-08-07.
The whole theme swung hardest in 2023: 6 of 39 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「8 August 2025」
Under the restricted stock compensation scheme, 9,700 shares were granted to 6 directors on 8 August 2025, and implementation of the new scheme is continuing. - FY2025-H1AdvancedAnnual report
「Based on a resolution of the Board of Directors at a meeting held on 11 July 2024, the Company disposed of 12,125 treasury shares on 9 August 2024 as restricted stock compensation for its directors, excluding outside directors.」
With respect to the restricted stock compensation scheme approved for introduction in the previous fiscal year, the company disposed of 12,125 treasury shares and began implementing the new scheme in practice. - FY2024ReframedAnnual report
「At the 66th Annual General Meeting of Shareholders held on 27 June 2024, the Company reviewed its executive compensation scheme and resolved to introduce a restricted stock compensation scheme. Accordingly, the current scheme will be discontinued upon delivery of shares for fiscal 2023 (1 April 2023 to 31 March 2024).」
The company resolved to discontinue the performance-linked stock compensation scheme upon delivery of shares for fiscal 2023 and transition to a restricted stock compensation scheme. - FY2024-Q3Decrease in the weighted-average number of shares held in the stock delivery trust for directors and executive officersAnnual report
「In addition, during the current third-quarter cumulative consolidated period, the weighted-average number of shares held in the stock delivery trust for directors and executive officers was 4,002 (7,185 in the same period of the previous fiscal year).」
The weighted-average number of shares held in the stock delivery trust for directors and executive officers was 4,002, down from 7,185 in the same period of the previous fiscal year. - FY2024-Q2Decrease in shares remaining in the stock delivery trust for directors and executive officersAnnual report
「The 34 shares of the Company held by Sumitomo Mitsui Trust Bank, Limited (Trust Account), with Custody Bank of Japan, Ltd. (Trust Account) as re-trustee, are included as trust assets of the “stock delivery trust for directors and executive officers.”」
The shares remaining in the stock delivery trust for directors and executive officers totaled 34, down further from 9,229 at the end of the previous fiscal year and 400 in the previous quarter. - FY2024-Q1Decrease in shares remaining in the stock delivery trust for directors and executive officersAnnual report
「In addition, during the current first-quarter cumulative consolidated period, the weighted-average number of shares held in the stock delivery trust for directors and executive officers was 9,229 (16,142 in the same period of the previous fiscal year).」
The weighted-average number of shares held in the stock delivery trust for directors and executive officers was 9,229, down from 16,142 in the same quarter of the previous fiscal year. - FY2023Update on the achievement rate for performance-linked stock compensation and remaining sharesAnnual report
「The performance indicators for performance-linked compensation and performance-linked stock compensation are achievement rates against the consolidated operating income target. Actual results were 213% for performance-linked compensation for April–June, 188% for performance-linked compensation for July–March, and 134% for performance-linked stock compensation.」
For compensation linked to the achievement rate for consolidated operating income, the company disclosed an actual result of 134% for the performance-linked stock compensation component. The shares remaining in the trust totaled 9,229. - FY2023-Q3Decrease in shares remaining in the stock delivery trust for directors and executive officersAnnual report
「“Voting-rights-bearing shares (Other)” includes 400 of the Company’s shares remaining in the “stock delivery trust for directors and executive officers,” recorded as treasury stock in shareholders’ equity, representing 4 voting rights.」
The company disclosed that the remaining shares in the stock delivery trust for directors and executive officers declined from 16,142 at the end of the previous fiscal year to 400. No changes to the basic purpose or structure of the scheme have been indicated. - FY2023-Q2Decrease in shares remaining in the stock delivery trust for directors and executive officersAnnual report
「“Voting-rights-bearing shares (Other)” includes 400 of the Company’s shares remaining in the “stock delivery trust for directors and executive officers,” recorded as treasury stock in shareholders’ equity, representing 4 voting rights.」
The company disclosed that the remaining shares in the stock delivery trust for directors and executive officers declined from 16,142 at the end of the previous fiscal year to 400. - FY2022Update on performance-linked results and shares remaining in the trustAnnual report
「The performance indicators for performance-linked compensation and performance-linked stock compensation are achievement rates against the consolidated operating income target. Actual results were 101% for performance-linked compensation for April–June, 213% for performance-linked compensation for July–March, and 188% for performance-linked stock compensation.」
For compensation linked to the achievement rate for consolidated operating income, the company disclosed an actual result of 188% for the performance-linked stock compensation component. The remaining shares in the stock delivery trust for directors and executive officers totaled 16,142. - FY2022-Q2Decrease in shares remaining in the stock delivery trust for directors and executive officersAnnual report
「“Voting-rights-bearing shares (Other)” includes 16,100 of the Company’s shares remaining in the “stock delivery trust for directors and executive officers,” recorded as treasury stock in shareholders’ equity, representing 161 voting rights.」
The company has disclosed 16,100 remaining shares in the stock delivery trust for directors and executive officers. - FY2021AdvancedAnnual report
「The decrease in treasury stock consisted of a decrease of 29,150 shares attributable to the “stock delivery trust for directors and executive officers.”」
The company made an additional contribution of 22,000 shares to the stock delivery trust for directors and executive officers, bringing the year-end shares remaining in the trust to 31,942 and their carrying amount to ¥72 million. The actual performance level for the performance-linked stock compensation indicator was disclosed as 213%. - FY2021-Q3Decrease in shares remaining in the stock delivery trust for directors and executive officersAnnual report
「“Voting-rights-bearing shares (Other)” includes 9,900 of the Company’s shares remaining in the “stock delivery trust for directors and executive officers,” recorded as treasury stock in shareholders’ equity, representing 99 voting rights.」
The company has disclosed that the remaining shares in the stock delivery trust for directors and executive officers totaled 9,900. - FY2020AdvancedAnnual report
「The target and actual consolidated operating income for the fiscal year ended March 2020 were as follows. Target: ¥2,270 million (from the “Consolidated Earnings Forecast for the Fiscal Year Ending March 2020” in the earnings report released on 15 May 2019). Actual: ¥2,311 million.」
For consolidated operating income, the performance indicator for the performance-linked stock compensation, the company disclosed actual operating income of ¥2,311 million against the fiscal year ended March 2020 target of ¥2,270 million. - FY2020-Q2RestatedAnnual report
「Note: “Voting-rights-bearing shares (Other)” includes 17,000 of the Company’s shares remaining in the “stock delivery trust for directors and executive officers,” recorded as treasury stock in shareholders’ equity, representing 170 voting rights.」
The company has disclosed the operating status, including 17,000 remaining shares in the stock delivery trust for directors and executive officers, but no material changes to the basic terms of the performance-linked stock compensation scheme have been indicated. - FY2019RestatedAnnual report
「The Company’s shares remaining in the trust are recorded as treasury stock under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of shares of the treasury stock concerned are ¥53 million and 25,449 shares, respectively.」
The company has disclosed the operating status of the stock delivery trust for directors and executive officers and the 25,449 remaining shares, but no material changes to the basic terms of the scheme have been indicated. - FY2019-Q3RestatedAnnual report
「“Fully voting-rights shares (Other)” includes 30,000 of the Company’s shares, with 300 voting rights, remaining in the Employee Stock Delivery Trust and recorded as treasury shares under shareholders’ equity, as well as 25,400 of the Company’s shares, with 254 voting rights, remaining in the Executive Stock Delivery Trust.」
The company has disclosed the operating status, including 25,400 remaining shares in the stock delivery trust for directors and executive officers, but no material changes to the performance-linked stock compensation scheme have been indicated. - FY2018RestatedAnnual report
「This is a performance-linked stock compensation scheme under which a trust established through the Company’s contribution of funds acquires the Company’s shares, and shares corresponding to the number of points granted by the Company to each director based on specified criteria, including performance achievement, are delivered to each director through the trust.」
The company has disclosed the operation of the performance-linked stock compensation scheme for directors and the 30,000 shares remaining in the trust. - FY2018-Q2AdvancedAnnual report
「The 167,700 shares held by “Japan Trustee Services Bank, Ltd. (Trust Account)” include 30,000 shares of the Company held by Sumitomo Mitsui Trust Bank, Limited (Trust E Account), with Japan Trustee Services Bank, Ltd. (Trust Account) as re-trustee, as trust assets of the “employee stock delivery trust,” and 30,000 shares of the Company held by Sumitomo Mitsui Trust Bank, Limited (Trust Account), with Japan Trustee Services Bank, Ltd. (Trust Account) as re-trustee, as trust assets of the “stock delivery trust for directors and executive officers.”」
The company has disclosed that 30,000 shares are held as trust assets of the stock delivery trust for directors and executive officers under the performance-linked stock compensation scheme for directors. - FY2018-Q1AdvancedAnnual report
「At a meeting held on 22 May 2017, the Board of Directors resolved to introduce a performance-linked stock compensation scheme using a trust for directors, excluding outside directors, as defined below as well. A proposal concerning the introduction of the scheme was submitted to and approved at the 59th Annual General Meeting of Shareholders held on 23 June 2017. The Board of Directors subsequently resolved the details of the scheme at a meeting held on 10 August 2017.」
For the performance-linked stock compensation scheme for directors, the company resolved the scheme details after shareholder approval and moved into implementation in preparation for the trust agreement and treasury stock disposal scheduled for 28 August 2017. - FY2017First statedAnnual report
「The purpose is to clarify further the linkage between the Company’s performance and share value and directors’ compensation, to have directors bear the risk of a decline in the share price as well as enjoy the benefits of an increase, and to heighten their awareness of contributing to improved medium- to long-term performance and increased corporate value by sharing with shareholders the gains and risks arising from fluctuations in the share price.」
Following resolutions by the Board of Directors in May 2017 and approval at the General Meeting of Shareholders in June 2017, the company introduced a performance-linked stock compensation scheme using a trust. The initial trust period was approximately 3 years, the contribution limit was ¥270 million, the performance-linked payout rate was 0–200%, and the total number of points was capped at 25,000 points per fiscal year.