Introduction of a Performance-Linked Share-Based Compensation Plan
First written in FY2017. 3 of 8 entries say "Restated". Latest entry: FY2026.
Felissimo moved to the "Worse" side of this theme in 2023, 1 year before the typical company in this theme (2024).
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「Because the target consolidated operating profit of ¥1.2 billion or more was not achieved in any of the 3 fiscal years from the fiscal year ending February 2024 to the fiscal year ending February 2026, no shares were delivered. Regarding the introduction of a future performance-linked share compensation plan, we are currently considering a review, including whether to continue the plan, in light of changes in the business environment and how incentives for increasing corporate value should be structured.」
The target of consolidated operating profit of ¥1.2 billion or more was not achieved during the 3-fiscal-year target period, and no share compensation was delivered. A review, including whether to continue the plan itself, is now under consideration. - 2026-05-01SoftenedGeneral Meetings of ShareholdersSuggests it is closing out
「Regarding the introduction of a performance-linked stock compensation plan going forward, we are currently considering a review, including whether to continue the plan, in light of changes in the operating environment and the appropriate form of incentives for enhancing corporate value.」
The disclosure states that no stock compensation has been granted because targets were not met from the fiscal year ended February 2024 through the fiscal year ending February 2026, and that a review, including whether to continue the plan, is under consideration. - FY2023SoftenedAnnual report
「Under this plan, as share compensation for eligible directors and others, we will deliver the Company’s common shares, up to a maximum value of ¥500 million, if the group achieves its consolidated operating profit target of ¥1.2 billion or more in any fiscal year during the three-fiscal-year period from the fiscal year ending February 2024 to the fiscal year ending February 2026.」
Set a new target period from the fiscal year ending February 2024 to the fiscal year ending February 2026. The consolidated operating profit target changed from the previous ¥2.6 billion to ¥1.2 billion or more, and the cap on allocated shares was reduced from the previous 300,000 shares to 100,000 shares. - FY2021RestatedAnnual report
「In light of the plan’s primary objectives of improving the group’s medium- to long-term performance and increasing corporate value, we set the consolidated operating profit target for the fiscal year ending February 2023, the final fiscal year of the target period, at ¥2.6 billion, changed from ¥1.2 billion.」
Continues the performance-linked share compensation plan with a consolidated operating profit target of ¥1.2 billion changed to ¥2.6 billion for the fiscal year ending February 2023, a compensation cap of ¥500 million and a share cap of 300,000 shares. - FY2020RestatedAnnual report
「At a meeting of the Board of Directors held on 21 April 2020, we resolved to continue the plan on the same terms.」
Resolved to continue the performance-linked share compensation plan on the same terms. The target period runs from the fiscal year ending February 2021 to the fiscal year ending February 2023, with caps of ¥500 million and 300,000 shares. - FY2019RestatedAnnual report
「Under this plan, as share compensation for eligible directors and others, we will deliver the Company’s common shares during the three-fiscal-year target period, initially running from the fiscal year ending 28 February 2018 to the fiscal year ending 29 February 2020, depending on the achievement rate and other factors for the group’s consolidated operating profit target in the final fiscal year, up to a maximum value of ¥500 million.」
Continues the share compensation plan linked to the consolidated operating profit target, with caps of three fiscal years, ¥500 million and 300,000 shares. No further change to the existing calculation method has been disclosed. - FY2018ReframedAnnual report
「In light of the plan’s primary objectives of improving the group’s medium- to long-term performance and increasing corporate value, we set the consolidated operating profit target for the fiscal year ending February 2020, the final fiscal year of the initial target period, at ¥2.6 billion, changed from ¥1.2 billion.」
The performance metric for the performance-linked share compensation changed from non-consolidated operating profit to consolidated group operating profit, and a share allocation range tied to consolidated operating profit for the fiscal year ending February 2020 was set at ¥1.2 billion or more to ¥2.6 billion or more. - FY2017First statedAnnual report
「Depending on the achievement rate and other factors for the target operating profit on a non-consolidated basis in the final fiscal year of the three-fiscal-year target period, initially running from the fiscal year ending February 2018 to the fiscal year ending February 2020, we will deliver the Company’s common shares during the target period, up to a maximum value of ¥500 million.」
Introduced a performance-linked share compensation plan for directors and executive officers, with a three-fiscal-year target period and caps of ¥500 million and 300,000 shares.