Director Incentives Through Performance-Linked Stock Compensation
First written in FY2017. 17 of 32 entries say "Restated". Latest entry: FY2027-H1.
21 other companies' latest entry also says "Other".
- FY2027-H1Decrease in the average number of shares held in trust during the periodAnnual report
「The Company introduced the “BIP Trust for Directors’ Compensation” on 19 June 2014 and treats the Company’s shares held by the trust as treasury shares. Accordingly, these shares are included among treasury shares deducted in calculating the average number of shares during the period for the purpose of calculating interim net profit per share (199,524 shares for the interim accounting period of the 51st fiscal year, 197,845 shares for the interim accounting period of the 52nd fiscal year, and 198,942 shares for the 51st fiscal year).」
The BIP Trust scheme and the accounting treatment of the shares as treasury shares have continued. The average number of trust-held shares during the period deducted in calculating earnings decreased from 199,524 shares in the same period of the previous year to 197,845 shares. - FY2026-H1Increase in Average Shares Held in Trust During the PeriodAnnual report
「The company introduced the Executive Compensation BIP Trust on 19 June 2014 and treats the company's shares held by the trust as treasury shares. Accordingly, these shares are included in treasury shares deducted when calculating the weighted-average number of shares outstanding for basic interim (annual) earnings per share: 183,434 shares for the 50th interim accounting period, 199,524 shares for the 51st interim accounting period, and 200,170 shares for the 50th fiscal year.」
The executive compensation BIP trust arrangement and the accounting treatment of the shares as treasury shares remain in place. The weighted average number of trust-held shares during the period deducted in calculating profit increased from 183,434 shares in the same period of the previous year to 199,524 shares. - FY2025Increase in Average Shares Held in Trust During the PeriodAnnual report
「The company treats the shares it holds through the trust as treasury shares. Accordingly, the weighted-average number of these treasury shares held during the period deducted in calculating earnings per share was 161,590 shares for the 46th fiscal year, 137,261 shares for the 47th fiscal year, 126,070 shares for the 48th fiscal year, 126,070 shares for the 49th fiscal year, and 191,848 shares for the 50th fiscal year,」
The Company continued to apply the BIP trust arrangement and account for the shares as treasury stock. The weighted-average number of shares outstanding during the 50th fiscal year, deducted in calculating profit, increased to 191,848 shares. - FY2025-H1Increase in Average Shares Held in Trust During the PeriodAnnual report
「We introduced the “BIP trust for executive compensation” on 19 June 2014, and treat the company shares held by the trust as treasury shares. Accordingly, they are included among treasury shares deducted when calculating the average number of shares outstanding during the period for the purpose of calculating interim (current-period) net income per share. (49th interim accounting period: 126,070 shares; 50th interim accounting period: 183,434 shares; 49th fiscal year: 126,070 shares.)」
The company continues to operate the BIP trust and account for the shares held by the trust as treasury stock. The average number of shares held by the trust during the period, deducted in calculating profit, increased from 126,070 shares in the same period of the previous year to 183,434 shares. - FY2025-Q1Increase in Average Shares Held in Trust During the PeriodAnnual report
「The Company introduced the Executive Compensation BIP Trust on 19 June 2014 and accounts for the shares held by the trust as treasury shares. Accordingly, these shares are included among treasury shares deducted in calculating the average number of shares outstanding during the period for quarterly (annual) earnings per share (126,070 shares for the cumulative first-quarter period of the 49th fiscal year, 165,020 shares for the cumulative first-quarter period of the 50th fiscal year, and 126,070 shares for the 49th fiscal year).」
The Officers' Compensation BIP Trust program and the accounting treatment of the shares held by the trust as treasury stock continue. The average number of shares held by the trust during the period, deducted in calculating profit, increased from 126,070 shares in the same period of the previous year to 165,020 shares. - FY2024AdvancedAnnual report
「⑦ Date of trust agreement 19 June 2014 (An agreement extending the trust period was executed on 2 April 2024) ⑧ Trust period after extension 1 July 2024 to the end of June 2029 ⑫ Maximum amount for share acquisitions ¥150,000 thousand (including trust remuneration and trust expenses) ※ In connection with the agreement extending the trust period executed on 2 April 2024, ¥113,000 thousand was contributed as additional funds for share acquisitions 2. Total number of shares scheduled to be acquired for directors A maximum of 115,000 shares over 5 years」
For the executive compensation BIP trust, the Company specified an extension from July 2024 through the end of June 2029, an additional contribution of ¥113 million and a limit of 115,000 shares over five years. - FY2024-Q3RestatedAnnual report
「The company introduced the Executive Compensation BIP Trust on 19 June 2014 and treats the company shares held by the trust as treasury shares. Accordingly, in calculating quarterly (or annual) net income per share, these shares are included among the treasury shares deducted in calculating the average number of shares outstanding during the period (126,070 shares for the cumulative third quarter of the 48th fiscal year, 126,070 shares for the cumulative third quarter of the 49th fiscal year, and 126,070 shares for the 48th fiscal year).」
The company continues to operate its BIP trust for executive compensation and deduct 126,070 trust-held shares as treasury shares when calculating profit. - FY2024-Q2RestatedAnnual report
「The company introduced the Executive Compensation BIP Trust on 19 June 2014 and treats the company shares held by the trust as treasury shares. Accordingly, in calculating quarterly (or annual) net income per share, these shares are included among the treasury shares deducted in calculating the average number of shares outstanding during the period (126,070 shares for the cumulative second quarter of the 48th fiscal year, 126,070 shares for the cumulative second quarter of the 49th fiscal year, and 126,070 shares for the 48th fiscal year).」
The company continues to operate its BIP trust for executive compensation and deduct trust-held shares as treasury shares when calculating profit. The number of shares deducted was 126,070, unchanged from the same period of the previous year. - FY2024-Q1RestatedAnnual report
「The company introduced the Executive Compensation BIP Trust on 19 June 2014 and treats the company shares held by the trust as treasury shares. Accordingly, in calculating quarterly (or annual) net income per share, these shares are included among the treasury shares deducted in calculating the average number of shares outstanding during the period (126,070 shares for the cumulative first quarter of the 48th fiscal year, 126,070 shares for the cumulative first quarter of the 49th fiscal year, and 126,070 shares for the 48th fiscal year).」
The company continues the executive compensation BIP trust scheme and its accounting treatment as treasury shares. The number of shares deducted in calculating profit is 126,070, unchanged from the same period of the previous year. - FY2023Failure to meet the operating income targetAnnual report
「The target for the performance-linked stock compensation metric for the fiscal year was operating profit of ¥5,600 million, while actual operating profit was ¥5,127.637 million.」
Against an operating profit target of ¥5,600 million for the performance-linked stock compensation, actual operating profit was ¥5,127.637 million. - FY2023-Q3Decrease in shares held in trustAnnual report
「The Company introduced the “Board Incentive Plan (BIP) Trust for Directors’ Compensation” on 19 June 2014, and treats the Company’s shares held by the trust as treasury shares. Accordingly, these shares are included in treasury shares deducted when calculating the average number of shares outstanding during the period for the purpose of calculating quarterly (annual) net income per share (141,033 shares in the cumulative third quarter of the 47th fiscal year, 126,070 shares in the cumulative third quarter of the 48th fiscal year, and 137,261 shares in the 47th fiscal year).」
The BIP trust arrangement and the accounting treatment of the shares as treasury shares remain in place, but the number of trust-held shares deducted in calculating profit declined from 141,033 shares in the same period of the previous year to 126,070 shares. - FY2023-Q1Decrease in shares held in trustAnnual report
「The company introduced the “Executive Compensation BIP Trust” on 19 June 2014 and accounts for the company's shares held by the trust as treasury stock. Accordingly, these shares are included in treasury stock deducted when calculating the weighted-average number of shares outstanding for the purpose of calculating quarterly (annual) net income per share (161,590 shares for the cumulative first-quarter period of the 47th fiscal year, 126,070 shares for the cumulative first-quarter period of the 48th fiscal year, and 137,261 shares for the 47th fiscal year).」
The BIP trust scheme and its accounting treatment continue, but the number of shares held by the trust deducted in calculating profit decreased from 161,590 in the same period of the previous year to 126,070. - FY2022ReframedAnnual report
「Performance-linked compensation takes the form of share-based compensation reflecting performance indicators, from the perspective of sharing value with shareholders. At the time of retirement, shares are delivered in the number calculated according to the degree of achievement against the target for each fiscal year and the recipient’s position. The target for the indicator related to this performance-linked share-based compensation for the fiscal year was operating profit of ¥5,450,000 thousand, while actual operating profit was ¥5,221,419 thousand.」
In connection with the transition to a company with an Audit and Supervisory Committee, the company revised and resolved the system, with operating profit replacing ordinary profit as the performance indicator. Operating profit for the fiscal year fell below the target. - FY2022-Q3RestatedAnnual report
「The company introduced the “Executive Compensation BIP Trust” from the second quarter of the 40th fiscal year and treats the shares of the company held by the trust as treasury shares. Accordingly, the weighted average number of such treasury shares held during the period is deducted in calculating quarterly (current-period) net profit per share: 161,590 shares for the cumulative third quarter of the 46th fiscal year, 141,033 shares for the cumulative third quarter of the 47th fiscal year, and 161,590 shares for the 46th fiscal year.」
The report continues to describe the operation and accounting treatment of the BIP trust for executive compensation. For the purpose of calculating profit for the cumulative third quarter, the number of deducted shares was 141,033. - FY2022-Q2RestatedAnnual report
「The Company introduced the executive compensation BIP trust from the second quarter accounting period of the 40th fiscal year and treats the Company's shares held by the trust as treasury shares. Accordingly, the weighted-average number of shares outstanding during the period used to calculate quarterly net income per share (net income per share) excludes these treasury shares (161,590 shares for the cumulative second quarter period of the 46th fiscal year, 148,638 shares for the cumulative second quarter period of the 47th fiscal year, and 161,590 shares for the 46th fiscal year).」
The company continues to disclose the operation of the Officers' Compensation BIP Trust. The number of shares held by the trust during the cumulative second quarter under review, deducted in calculating profit, was 148,638 shares. - FY2022-Q1RestatedAnnual report
「The company introduced the executive compensation BIP trust from the second-quarter accounting period of the 40th fiscal year and treats the company's shares held by the trust as treasury shares. Accordingly, the weighted-average number of the treasury shares held during the period is deducted when calculating quarterly (current-period) earnings per share: 161,590 shares for the cumulative first-quarter period of the 46th fiscal year, 161,590 shares for the cumulative first-quarter period of the 47th fiscal year, and 161,590 shares for the 46th fiscal year.」
The company continues to disclose the operation of its BIP trust for executive compensation and the deduction, in calculating profit, of 161,590 shares held by the trust. - FY2021RestatedAnnual report
「The target metric for the performance-linked share-based compensation for the fiscal year was ordinary income of ¥4,410,972 thousand, while the actual result was ¥7,326,626 thousand.」
The company continues to disclose the executive compensation BIP trust arrangement, which uses ordinary profit as an evaluation metric, together with the targets and results for the current period. - FY2021-Q3RestatedAnnual report
「The company introduced the Officers' Compensation BIP Trust from the second quarter of the 40th fiscal period and accounts for the company's shares held by the trust as treasury stock. Accordingly, in calculating quarterly earnings per share and net income per share, the average number of treasury shares held during the period is deducted: 149,043 shares for the cumulative third quarter of the 45th fiscal period, 161,590 shares for the cumulative third quarter of the 46th fiscal period, and 152,206 shares for the 45th fiscal period.」
The company continues to operate the BIP trust for officer compensation. The weighted-average number of shares held by the trust deducted in calculating profit was 161,590 shares during the period. - FY2021-Q2RestatedAnnual report
「The company introduced the “Executive Compensation BIP Trust” from the second quarter of the 40th fiscal year and treats the shares of the company held by the trust as treasury shares. Accordingly, the weighted average number of such treasury shares held during the period is deducted in calculating quarterly (current-period) net profit per share: 142,666 shares for the cumulative second quarter of the 45th fiscal year, 161,590 shares for the cumulative second quarter of the 46th fiscal year, and 152,206 shares for the 45th fiscal year.」
The company continues to disclose the operation of its BIP trust for executive compensation and the deduction, in calculating profit, of 161,590 shares held by the trust. - FY2021-Q1RestatedAnnual report
「The company introduced the “Officer Compensation BIP Trust” from the second quarter accounting period of the 40th fiscal year and treats the company’s shares held by the trust as treasury shares. Accordingly, in calculating quarterly (annual) earnings per share, the weighted-average number of treasury shares held during the period was deducted: 123,104 shares for the cumulative first quarter of the 45th fiscal year, 161,590 shares for the cumulative first quarter of the 46th fiscal year and 152,206 shares for the 45th fiscal year.」
The company continues to disclose the operation of the executive compensation BIP trust and the weighted-average number of shares held by the trust during the period, which is deducted in calculating profit. - FY2020AdvancedAnnual report
「⑧ Extended trust period 1 July 2019 to 30 June 2024 ⑫ Maximum amount for share acquisition ¥150 million (including trust remuneration and trust expenses) *An additional ¥122.5 million was contributed in connection with the agreement to extend the trust period dated 2 April 2019 ⑬ Number of shares acquired 161,590 shares」
The company disclosed the extended term of the BIP trust, the additional contribution and the acquisition of 161,590 shares, providing details on the continued operation of the scheme. - FY2020-Q3AdvancedAnnual report
「The Company introduced the Executive Compensation BIP Trust from the second quarter of the 40th fiscal year and accounts for the shares held by the trust as treasury shares. Accordingly, the average number of these treasury shares held during the period is deducted in calculating quarterly (annual) earnings per share (82,400 shares for the cumulative third-quarter period of the 44th fiscal year, 149,043 shares for the cumulative third-quarter period of the 45th fiscal year, and 82,400 shares for the 44th fiscal year).」
The average number of shares held by the BIP trust during the period increased from 82,400 shares in the same period of the previous year to 149,043 shares, and the number of shares deducted in calculating profit also increased. - FY2020-Q2AdvancedAnnual report
「The company introduced the BIP trust for executive compensation from the second quarter of the 40th fiscal year and treats the shares held by the trust as treasury shares. Accordingly, in calculating quarterly net income per share and net income per share, the average number of these treasury shares during the period was deducted: 82,400 shares for the cumulative second quarter of the 44th fiscal year, 142,666 shares for the cumulative second quarter of the 45th fiscal year and 82,400 shares for the 44th fiscal year.」
The Company continued operating the BIP Trust, and the average number of shares held by the trust during the period and deducted in calculating earnings per share increased from 82,400 shares in the same period of the previous year to 142,666 shares. - FY2019AdvancedAnnual report
「⑦ Date of trust extension agreement 2 April 2019 ⑧ Trust period after extension 1 July 2019–end of June 2024 ⑫ Additional trust amount ¥122,500 thousand, including trust fees and expenses ⑬ Number of shares acquired 79,190 shares」
The company entered into an extension agreement for its BIP trust for executive compensation covering July 2019 through the end of June 2024, and disclosed an additional trust contribution of ¥122.5 million and the acquisition of 79,190 shares. - FY2019-Q3RestatedAnnual report
「The Company introduced the “Board Incentive Plan (BIP) Trust for Directors’ Compensation” from the second quarter accounting period of the 40th fiscal year, and treats the Company’s shares held by the trust as treasury shares. The average number of shares held by the trust during the period was 82,400 shares in the cumulative third quarter of the previous fiscal year and 82,400 shares in the cumulative third quarter of the current fiscal year.」
The company continues to disclose the introduction and operation of its BIP trust for executive compensation, and the average number of shares held by the trust during the period was 82,400, unchanged from the same period of the previous year. - FY2019-Q2RestatedAnnual report
「The company introduced the BIP trust for executive compensation from the second quarter of the 40th fiscal year and treats the shares held by the trust as treasury shares. The average number of shares held by the trust during the period was 82,400 in the cumulative second quarter of the previous fiscal year and 82,400 in the cumulative second quarter of the current fiscal year.」
The company continues to disclose the introduction and operation of the BIP trust for executive compensation and the treatment of the 82,400 shares held by the trust as treasury shares. - FY2019-Q1RestatedAnnual report
「We introduced the BIP trust for officer compensation from the second-quarter accounting period of the 40th fiscal year, and treat the company shares held by the trust as treasury shares.」
The company continues to describe the introduction and operation of the executive compensation BIP trust and the accounting treatment of trust-held shares as treasury shares. - FY2018RestatedAnnual report
「The BIP trust for executive compensation is an executive incentive plan modeled on the U.S. performance share and restricted stock plans. It is a share-based form of executive compensation under which company shares are delivered to directors according to performance indicators for each fiscal year and their positions.」
The annual report provides details of the structure and operation of the BIP trust system, under which shares are delivered according to performance indicators and position. - FY2018-Q3RestatedAnnual report
「We introduced the BIP trust for officer compensation from the second-quarter accounting period of the 40th fiscal year, and treat the company shares held by the trust as treasury shares.」
The company continues to describe its practice of treating shares held by the trust under the executive compensation BIP trust, introduced from the second quarter of the 40th fiscal year, as treasury shares. - FY2018-Q2RestatedAnnual report
「We introduced the BIP trust for officer compensation from the second-quarter accounting period of the 40th fiscal year, and treat the company shares held by the trust as treasury shares.」
The Company continues to report its treatment of shares held by the executive compensation BIP trust introduced from the second quarter accounting period of the 40th fiscal year as treasury shares. - FY2018-Q1RestatedAnnual report
「We introduced the BIP trust for officer compensation from the second-quarter accounting period of the 40th fiscal year, and treat the company shares held by the trust as treasury shares.」
The introduction and operation of the BIP trust for executive compensation continues to be disclosed in notes concerning the calculation of the number of shares and earnings per share. - FY2017First statedAnnual report
「The BIP trust for executive compensation is an executive incentive plan modeled on the U.S. performance share and restricted stock plans. It is a share-based form of executive compensation under which company shares are delivered to directors according to performance indicators for each fiscal year and their positions.」
The company discloses a BIP trust scheme under which points are awarded according to performance indicators and position, and shares equivalent to the accumulated points are delivered when directors leave office.