Introduction of a Performance-Linked Stock Compensation Plan
First written in FY2017-Q2. 7 of 8 entries say "Advanced", first in FY2017. Latest entry: FY2026.
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
「As the trust period for this plan expired at the end of July 2025, the Nomination and Compensation Committee discussed extending it by 3 years to the end of July 2028 on 20 June 2025, and the Board of Directors, also meeting on that date, resolved to adopt the same proposal.」
The Company disclosed the operation of the performance-linked stock compensation plan through the end of July 2028, using achievement rates for consolidated current net income targets of ¥2.0 billion for fiscal 2025, ¥2.15 billion for fiscal 2026 and ¥2.3 billion for fiscal 2027 to determine the points award rate. - FY2025AdvancedAnnual report
「As the trust period for this plan was due to expire at the end of July 2025, the Nomination and Compensation Committee discussed extending it by 3 years to the end of July 2028 on 20 June 2025, and the Board of Directors, also meeting on that date, resolved to adopt the same proposal.」
The trust period for the performance-linked stock compensation plan was extended to the end of July 2028, and continued operation was approved. The achievement rate for the current net income target under the new medium-term plan is used as the performance indicator. - FY2023AdvancedAnnual report
「As the trust period for this plan was due to expire in July 2022, the Board of Directors resolved on 24 June 2022 to extend it by 3 years to the end of July 2025.」
The trust period for the performance-linked stock compensation plan was extended to the end of July 2025, and the Company disclosed details of the calculation method linked to the points award cap and the current net income target under the medium-term management plan. - FY2022AdvancedAnnual report
「As the trust period for this plan was due to expire in July 2022, the Board of Directors resolved on 24 June 2022 to extend it by 3 years to the end of July 2025.」
The trust period for the performance-linked stock compensation plan was extended to the end of July 2025, and the plan's continued operation was approved. - FY2021AdvancedAnnual report
「The total number of points that the Company awards to directors is capped at 94,000 points per fiscal year, equivalent to 94,000 shares.」
For the performance-linked stock compensation plan, the annual cap of 94,000 points and the calculation method based on position, the performance target achievement rate and the tenure coefficient have been specified. - FY2020AdvancedAnnual report
「As the initial trust period for this plan was due to expire in July 2019, the Board of Directors resolved on 26 June 2019 to extend it by 3 years to the end of July 2022.」
The trust period for the performance-linked stock compensation plan was extended to the end of July 2022, formalising the plan's continued operation. - FY2017AdvancedAnnual report
「Scope of persons eligible to receive beneficiary rights and other rights under the performance-linked stock compensation plan: persons who have retired as directors and meet the beneficiary requirements」
The trust under the performance-linked stock compensation plan acquired 282,000 shares, and the actual operation of the plan was disclosed. - FY2017-Q2First statedAnnual report
「Based on a resolution of the 114th Annual General Meeting of Shareholders held on 28 June 2016, the Company has introduced a performance-linked stock compensation plan for its directors, excluding outside directors (the same applies hereafter), with the aim of clarifying the link between the Company's performance and share value and directors' compensation, and increasing directors' awareness of contributing to improved performance over the medium to long term and enhanced corporate value by sharing with shareholders the benefits of share price increases and the risks of share price declines. Under this plan, a trust established through the Company's contribution of funds (the "Trust") acquires the Company's shares, and shares corresponding to the number of points awarded according to each director's position and performance achievement level (the achievement rate for the consolidated net income target under the medium-term management plan), in accordance with the share delivery rules established by the Company's Board of Directors, are delivered to each director through the Trust. In principle, the shares are delivered when the director retires from office.」
The Company introduced a plan linking directors' compensation to performance and share value, with the aim of sharing benefits and risks with shareholders. Points are awarded based on position and the achievement rate for the consolidated net income target under the medium-term management plan, and shares are delivered upon retirement from office.