Abolition of the Directors’ Retirement Benefit Plan and Introduction of Restricted Stock Compensation
First written in FY2018. 6 of 15 entries say "Advanced", first in FY2019-Q1. Latest entry: 2026-07-17.
The whole theme swung hardest in 2024: 3 of 32 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「The number of shares decreased by 13,500 as a result of the disposal of treasury shares as restricted stock compensation carried out on 18 August 2025.」
On 18 August 2025, 13,500 treasury shares were disposed of as restricted stock compensation, and operation of the plan aimed at providing incentives to enhance corporate value and sharing value with shareholders continues to progress. - FY2025AdvancedAnnual report
「Other (disposal as restricted stock compensation) 9,000 12,258」
During the fiscal year, 9,000 shares were disposed of as restricted stock compensation, and operation of the compensation plan aimed at sharing value with shareholders continues to progress. - FY2024-Q2AdvancedAnnual report
「The number of shares decreased by 9,000 as a result of the disposal of treasury shares as restricted stock compensation carried out on 21 August 2023.」
On 21 August 2023, 9,000 treasury shares were disposed of as restricted stock compensation, and operation of the plan continues to progress. - FY2023Acquisition for no consideration of 600 treasury shares related to restricted stockAnnual report
「Treasury shares acquired during the fiscal year consisted of the purchase of 1 odd-lot share and the acquisition for no consideration of 600 restricted shares.」
In connection with the restricted stock compensation plan, 600 treasury shares were acquired for no consideration in the fiscal year ended March 2023. - FY2023-Q1Free Acquisition of 300 Treasury Shares Related to Restricted StockAnnual report
「During the first quarter accounting period, the company acquired 300 treasury shares related to restricted stock for no consideration.」
In connection with the restricted stock compensation plan, 300 treasury shares were acquired for no consideration during the first quarter accounting period. - FY2022Annual Free Acquisitions Related to Restricted Stock Increased to 15,900 SharesAnnual report
「The 15,900 treasury shares acquired during the fiscal year were acquired for no consideration in connection with restricted stock.」
Free acquisitions of treasury shares related to the restricted stock compensation system totaled 15,900 shares in the fiscal year ended March 2022. - FY2022-Q3Free Acquisition of 300 Treasury Shares Related to Restricted StockAnnual report
「During the third quarter accounting period, the company acquired 300 treasury shares related to restricted stock for no consideration. As a result, the number of treasury shares as of the end of the third quarter accounting period was 124,029 shares.」
In connection with the restricted stock compensation system, the company acquired 300 treasury shares for no consideration during the third quarter accounting period. - FY2022-Q1Free Acquisition of Treasury Shares Related to Restricted StockAnnual report
「During the first quarter accounting period, the company acquired 15,600 treasury shares related to restricted stock for no consideration. As a result, the number of treasury shares as of the end of the first quarter accounting period was 123,729 shares.」
The company acquired 15,600 treasury shares related to restricted stock for no consideration. This represented a change in the status of treasury share acquisitions under the system, compared with the free acquisition of 7,200 shares reported in the first quarter of the previous fiscal year. - FY2021-Q1Free Acquisition of Treasury Shares Related to Restricted StockAnnual report
「During the first quarter accounting period, the company acquired 7,200 treasury shares related to restricted stock for no consideration. As a result, the number of treasury shares as of the end of the first quarter accounting period was 108,129 shares.」
The company disclosed the free acquisition of 7,200 treasury shares related to restricted stock, indicating a change in the operation of the restricted stock compensation system. - FY2020RestatedAnnual report
「The company has introduced a restricted stock compensation system for directors other than directors who are Audit and Supervisory Committee members, with the aim of providing incentives for sustained increases in corporate value and promoting greater value sharing with shareholders. The specific allocation to each eligible director is to be determined by the Board of Directors.」
The company continues to operate the restricted stock compensation system to provide incentives for increasing corporate value and promote value sharing with shareholders. - FY2019-Q2AdvancedAnnual report
「The number of treasury shares decreased by 36,000 shares as a result of the disposal of treasury shares as restricted stock compensation conducted on 17 August 2018. The company resolved to grant 5,000 common shares to 50 employees who meet the prescribed requirements, with the aim of providing incentives for sustained increases in the corporate value of the Group and promoting greater value sharing with shareholders. To encourage medium- to long-term and continued service, the allocated shares will be subject to transfer restrictions for approximately 5 years.」
The company completed the disposal of 36,000 restricted shares to directors and subsequently disposed of 5,000 shares to 50 employees on 1 October. The system has progressed to the stage of practical operation following its introduction. - FY2019-Q1AdvancedAnnual report
「As a result of the acquisition through the above off-auction purchase of treasury shares, the company acquired 41,000 common shares at an acquisition price of ¥141,450,000. At a meeting of the Board of Directors held on 20 July 2018, the company resolved to dispose of 36,000 treasury shares to its directors, excluding directors who are Audit and Supervisory Committee members, as restricted stock compensation ("Offering 1"), and to dispose of 5,000 treasury shares to its employees as restricted stock ("Offering 2"). The company plans to conduct each offering as set out below.」
To implement the restricted stock compensation system, the company completed the acquisition of 41,000 treasury shares and resolved to dispose of 36,000 shares to directors and 5,000 shares to employees. - FY2018First statedAnnual report
「At a meeting of the Board of Directors held on 9 May 2018, the company reviewed its executive compensation system, resolved to abolish the executive retirement benefit system and introduce a restricted stock compensation system (the "System"), and submitted a proposal concerning the System to the 58th Annual General Meeting of Shareholders held on 26 June 2018 (the "General Meeting"). The proposal was approved and adopted. The System was introduced to provide directors other than directors who are Audit and Supervisory Committee members with incentives to achieve sustained increases in corporate value and to promote greater value sharing with shareholders.」
The company abolished its executive retirement benefit system and introduced a restricted stock compensation system to provide incentives for sustained increases in corporate value and promote value sharing with shareholders. Total compensation was capped at ¥500 million per year, and the number of shares was effectively capped at 10,000 shares per fiscal year.