Consideration of Policies for Determining the Executive Compensation System, etc.
First written in FY2019. 4 of 11 entries say "Advanced", first in FY2023-Q2. Latest entry: 2026-06-23.
105 other companies' latest entry also says "Advanced".
- 2026-06-23AdvancedShare Issuance and Disposal
「Today, our board of directors resolved to provide total monetary compensation claims of ¥70,770,150 to 3 eligible directors and 11 executive officers designated to receive an allotment of restricted stock-based compensation for the period from our 27th Annual General Meeting of Shareholders through the 28th Annual General Meeting of Shareholders scheduled for June 2027. The recipients will contribute the full amount of these monetary compensation claims in kind, and 22,185 shares of our common stock will be allotted as specified restricted shares.」
The allotment of 22,185 shares to eligible directors and executive officers for the next fiscal year was specified through a resolution on restricted stock-based compensation. - FY2026AdvancedAnnual report
「Fiscal year "Other (disposal of treasury shares under the restricted-share compensation system)" 19,730 shares ¥84.444 million」
During the fiscal year, the company disposed of 19,730 treasury shares under the restricted-share compensation system and recognized ¥84.444 million. - FY2025RaisedAnnual report
「If each of the proposals is approved, the annual limit on director compensation is expected to be no more than ¥300 million, including no more than ¥60 million for outside directors. The total monetary compensation claims to be paid to directors other than outside directors as compensation, etc., relating to restricted shares is expected to be no more than ¥200 million.」
Under the compensation policy in which the Nomination and Compensation Committee makes proposals and the Board of Directors makes decisions, the proposed General Meeting of Shareholders agenda includes plans to increase the annual limit on director compensation from no more than ¥150 million to no more than ¥300 million, and the annual limit for restricted-share compensation from no more than ¥100 million to no more than ¥200 million. - FY2024ReframedAnnual report
「The company changed its policy for determining the details of individual director compensation, etc., by resolution of the Board of Directors held on 22 May 2024. An outline is as follows. The method for determining the details of individual director compensation, etc., is that the Nomination and Compensation Committee comprehensively considers the scope of responsibilities, contribution to performance and other factors, makes a proposal to the Board of Directors, and the Board of Directors makes the decision.」
The method changed from proposals for compensation by the Representative Director and President to a process in which the Nomination and Compensation Committee makes the proposal and the Board of Directors makes the decision. The restricted-share compensation will continue, while no performance-linked compensation will be paid. - FY2024-Q2RestatedAnnual report
「Treasury shares decreased by 46,329 shares as a result of the disposal of treasury shares carried out on 7 July 2023 as restricted-share compensation.」
The 46,329-share decrease resulting from the disposal of treasury shares on 7 July 2023 under the restricted-share compensation system was reconfirmed. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 June 2023, the company resolved to pay total monetary compensation claims of ¥63,470,730 to 4 eligible directors and 7 executive officers as restricted-share compensation for the period from the company's 24th Annual General Meeting of Shareholders to the 25th Annual General Meeting of Shareholders scheduled for June 2024, and to allot 46,329 of the company's common shares as specified restricted shares. The company disposed of treasury shares on 7 July 2023.」
Under the restricted-share compensation system, 46,329 shares were allotted to 4 eligible directors and 7 executive officers, for a total of ¥63,470,730, and treasury shares were disposed of. - FY2023RestatedAnnual report
「The company delivers restricted shares to eligible directors. Its policy is to determine and pay monetary compensation claims after comprehensively considering the scope of each eligible director's responsibilities, contribution to performance and other factors, receive those claims as in-kind contributions, and allot shares to the eligible directors.」
The policy for determining compensation by resolution of the Board of Directors and the operation of the restricted-share compensation system were confirmed for the full fiscal year as well. - FY2023-Q3RestatedAnnual report
「At the end of the current third-quarter consolidated accounting period, the carrying amount of the company's shares held in the trust (treasury shares) remaining in the trust was ¥155.358 million, and the number of shares was 274,000.」
The status following the introduction of the restricted-share compensation system and the J-ESOP for employees was reconfirmed. The J-ESOP trust held 274,000 remaining shares with a carrying amount of ¥155.358 million. - FY2023-Q2AdvancedAnnual report
「At the company's 23rd Annual General Meeting of Shareholders held on 23 June 2022, the company introduced a share-based compensation system involving the delivery of restricted shares to eligible directors, excluding outside directors, with the aim of enabling the eligible directors to share more fully with shareholders the benefits and risks of share-price fluctuations and further increasing their motivation to contribute to share-price appreciation and the enhancement of corporate value. At a meeting of the Board of Directors held on 23 June 2022, the company resolved to pay total monetary compensation claims of ¥66.875 million to the eligible directors and executive officers as restricted-share compensation for the period from the company's 23rd Annual General Meeting of Shareholders to the 24th Annual General Meeting of Shareholders scheduled for June 2023, and to allot 125,000 of the company's common shares as specified restricted shares upon the eligible recipients contributing all of those monetary compensation claims in kind. Payment was completed on 8 July 2022.」
The executive compensation system, which was described as under review in FY2019, showed concrete progress through the introduction of a restricted-share compensation system and the completion of the allotment and payment for 125,000 shares. - FY2022AchievedAnnual report
「The company has determined, by resolution of the Board of Directors, its policy for determining the details of individual compensation, etc., for each director. In outline, within the compensation limits for directors approved at the General Meeting of Shareholders, compensation is determined after comprehensively considering the scope of each director's responsibilities, contribution to performance and other factors, and a fixed amount of monetary compensation is paid as monthly compensation at a specified time each month.」
The policy for determining individual director compensation, which had previously been described as under review, was established by resolution of the Board of Directors. No performance-linked or non-monetary compensation is paid. - FY2019First statedAnnual report
「During the fiscal year, the company reviewed the policy for determining its executive compensation system, etc.」
The review of the policy for determining the executive compensation system, etc., was described as a new governance initiative.