Performance-Based Executive Compensation and Share-Based Compensation
First written in FY2019. 3 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 26 companies on the "Worse" side.
18 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The actual performance for the fiscal year was consolidated operating profit of ¥3,242 million, compared with the initial consolidated operating profit target of ¥3,000 million.」
For consolidated operating profit, the metric for performance-linked executive compensation and stock-based compensation, actual results were ¥3,242 million against a plan of ¥3,000 million. - FY2024AdvancedAnnual report
「At the 28th Annual General Meeting of Shareholders held on 22 June 2023, resolutions were passed to introduce the new performance-linked stock-based compensation plan, the “Stock Benefit Trust (BBT-RS (=Board Benefit Trust-Restricted Stock)),” retroactively for the fiscal year ended 31 March 2023, and to revise the BBT beginning with the fiscal year ending March 2025.」
For executive stock-based compensation, BBT-RS, which imposes transfer restrictions during employment, was introduced, expanding the plan by revising the existing BBT from the fiscal year ending March 2025. - FY2023AdvancedAnnual report
「The actual performance for the fiscal year was consolidated operating profit of ¥1,724 million, compared with the initial consolidated operating profit target of ¥700 million.」
For performance-linked executive bonuses and stock-based compensation, actual consolidated operating profit was ¥1,724 million against a plan of ¥700 million. - FY2019First statedAnnual report
「For directors other than outside directors, we have adopted performance-linked stock-based compensation intended to heighten their awareness of contributing to improved medium- to long-term performance and increased corporate value by sharing with shareholders not only the benefits of a rising share price but also the risk of a decline. For each fiscal year, points are to be granted based on the number determined in accordance with the Officer Stock Benefit Rules, taking into consideration the level of performance achieved and other factors.」
We introduced a performance-linked stock-based compensation plan for directors, under which up to 9,500 points may be granted per fiscal year based on achievement of the consolidated operating profit plan and individual evaluations.