Introduction of a Restricted Stock Compensation Plan
First written in FY2019. 1 of 4 entries say "Restated". Latest entry: FY2022-Q3.
105 other companies' latest entry also says "Advanced".
- FY2022-Q3AdvancedAnnual report
「The Company has issued the fourth series of share options to 5 Company directors, 1 Company audit and supervisory board member, and 3 directors of subsidiaries.」
The Company has proceeded with the specific issuance of share options to directors, audit and supervisory board members, and subsidiary directors. The exercise period is from 1 February 2023 to 31 January 2026. - FY2021ReframedAnnual report
「In principle, share options will be granted to all directors at a fixed time each year to promote the sharing of value with shareholders and encourage contributions to enhancing corporate and shareholder value over the medium to long term.」
The compensation policy has been recast from the previous disclosure of a restricted stock compensation plan to treating the regular grant of share options to all directors as non-monetary compensation. - FY2020RestatedAnnual report
「The total amount is limited to no more than ¥100 million per year, excluding the employee salary component of directors who also serve as employees. The specific timing and allocation of payments to each Company director will be determined by the Board of Directors.」
The restricted stock compensation plan was reaffirmed, including the annual compensation limit of no more than ¥100 million and the Board of Directors' authority to determine the timing and allocation of payments. - FY2019First statedAnnual report
「The purpose of this plan is to provide the Company's directors with incentives to achieve sustained growth in corporate value and to promote greater sharing of value with shareholders.」
The annual general meeting held on 30 January 2020 approved the introduction of a restricted stock compensation plan. The compensation limit was set at no more than ¥100 million per year, and the number of common shares issued or disposed of was limited to 150,000 shares per year. The plan is intended to incentivize directors to enhance corporate value and share value with shareholders.