Revision to Medium- to Long-Term Performance-Linked Equity Compensation
First written in FY2020. 7 of 9 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Through FY2024, the Company granted restricted stock (RS) to heighten awareness of improving shareholder value. From FY2025, however, it introduced a stock-based compensation plan linked to the degree of achievement of the targets in the medium-term management plan, with the aim of further increasing motivation to achieve the Group’s medium- to long-term management plan and sustainably improving corporate value over the medium to long term.」
From the conventional restricted stock plan, the Company moved from FY2025 to a plan combining RSUs and PSUs linked to operating profit, ROE, sales to identifiable customers and other targets in the medium-term management plan. - 2026-05-25ReframedGeneral Meetings of Shareholders
「From the fiscal year ending March 2026, we revised the system to introduce trust-based stock compensation, or LTI, to further enhance our commitment to achieving the Group’s medium-term management plan. The system consists of performance-linked PSUs and performance-independent RSUs.」
The company has shifted from its previous restricted stock compensation system to one combining PSUs linked to achievement of the medium-term management plan with fixed RSUs. - FY2024-Q1AdvancedAnnual report
「① Disposal date 22 August 2023 ② Type and number of shares to be disposed of 150,300 common shares ③ Disposal price ¥1,571 per share ④ Total disposal value ¥236,121,300」
For the restricted stock compensation plan, the Company resolved to dispose of 150,300 treasury shares on 22 August 2023, with a total disposal value of ¥236,121,300. - FY2023-Q1AdvancedAnnual report
「① Disposal date: 24 August 2022 ② Type and number of shares to be disposed of: 175,500 common shares ③ Disposal price: ¥1,061 per share ④ Total disposal value: ¥186,205,500」
For the restricted stock compensation plan already introduced, the Company resolved to dispose of 175,500 treasury shares on 24 August 2022, with a total disposal value of ¥186,205,500. - FY2022AdvancedAnnual report
「For directors, executive officers and other officers of the Group, the Company introduced a restricted stock compensation plan from FY2021 to further heighten awareness of improving shareholder value and strengthen the incentive effect for improving the Group’s medium- to long-term performance. …30-year transfer restriction period」
The review of medium- to long-term performance-linked compensation is being implemented through the restricted stock compensation plan introduced from FY2021 and a 30-year transfer restriction period. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 July 2021, the Company resolved to dispose of treasury shares as restricted stock compensation. The type and number of shares to be disposed of are 244,500 common shares, and the disposal date is 25 August 2021.」
For the restricted stock compensation plan already introduced, the Company resolved the specific execution plan to dispose of 244,500 shares on 25 August 2021. - FY2021AdvancedAnnual report
「For directors, executive officers and other officers of the Group, the Company introduced restricted stock compensation in FY2021 to further heighten awareness of improving shareholder value and strengthen the incentive effect for improving the Group’s medium- to long-term performance.」
For the medium- to long-term performance-linked stock compensation plan that had been under consideration, the Company introduced restricted stock compensation in FY2021 and disposed of 538,900 treasury shares. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Compensation Committee held on 11 November 2020, the Company resolved to revise its executive compensation system and introduce a restricted stock compensation plan (hereinafter, “the Plan”). …The restriction period under the Plan will be 30 years from the initial restricted period. …The release ratio will be set so that restrictions are lifted within a range of 50% to 150% in line with the rate of growth relative to TOPIX.」
For the medium- to long-term performance-linked stock compensation plan that had been under consideration, the Company resolved to revise its conventional stock options and introduce a plan with a 30-year transfer restriction and a release ratio linked to TSR and TOPIX. - FY2020First statedAnnual report
「Regarding the stock-based compensation scheme that has previously been granted in the form of stock options, we are conducting a fundamental review of the framework and the method of linking compensation to performance, while considering the introduction of a new stock-based compensation plan linked to medium- to long-term performance so that it functions more effectively as a sound incentive for the Company’s sustainable growth.」
The Company identified a fundamental review of its conventional stock-option-based compensation in favour of a new stock-based compensation plan linked to medium- to long-term performance as an issue from FY2020 onward.