Introduction of a Performance-Linked Share-Based Compensation Plan
First written in FY2020. 5 of 9 entries say "Advanced", first in FY2021. Latest entry: 2026-05-29.
System Integrator Corp. 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 2023: 6 of 39 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- 2026-05-29AdvancedShare Issuance and Disposal
「At a meeting of the Board of Directors held on 29 May 2026, we resolved to dispose of 33,300 common shares of the company in exchange for a total capital contribution in kind of ¥15,084,900 in monetary compensation claims, for 4 executive directors and 3 executive officers, collectively referred to below as the “Eligible Officers,” based on the degree to which the performance conditions established under this plan were achieved.」
Under the performance-linked share compensation plan, the company resolved to dispose of 33,300 treasury shares to eligible officers based on the achievement of performance conditions, bringing the plan into the actual award stage. - FY2026AdvancedAnnual report
「The company subsequently amended and continued the plan at the 29th Annual General Meeting of Shareholders held on 28 May 2024 and the 31st Annual General Meeting of Shareholders held on 28 May 2026. The current evaluation period runs from the fiscal year ending February 2027 through the fiscal year ending February 2028.」
The performance-linked stock compensation plan was amended and continued at the May 2026 Annual General Meeting of Shareholders, and is now being operated with a specific 2-year evaluation period from the fiscal year ending February 2027 through the fiscal year ending February 2028. - FY2024ReframedAnnual report
「Because the 3 fiscal years covered by the medium-term management plan underlying this plan had ended, the company amended and continued the plan at the 29th Annual General Meeting of Shareholders held on 28 May 2024, so that it would subsequently cover 2 fiscal years under a newly formulated two-year management plan.」
The performance-linked stock compensation plan has been amended and continued, changing from a plan covering 3 fiscal years to one with a 2-fiscal-year evaluation period under the new two-year management plan. - FY2023SoftenedAnnual report
「As of the end of the fiscal year, it was highly likely that the performance conditions stipulated in the plan would not be met, so the company reversed in full during the fiscal year the amount provisioned through the previous fiscal year.」
For the performance-linked stock compensation plan, the company fully reversed provisions recorded in prior fiscal years because it was highly likely that the performance conditions would not be met. - FY2022-Q2AdvancedAnnual report
「Treasury shares decreased by 9,600 shares as a result of the disposal of treasury shares carried out on 14 June 2021 as performance-linked stock compensation.」
Under the performance-linked stock compensation plan, treasury shares were disposed of on 14 June 2021, reducing treasury shares by 9,600 shares. - FY2021AdvancedAnnual report
「Cumulative ordinary profit for fiscal 2019 and fiscal 2020 was ¥1,088.462 million, resulting in a 50% payout ratio based on the degree of achievement of the performance target.」
The cumulative ordinary profit and payout ratio for the first evaluation period have been finalized, and the performance-linked stock compensation plan has progressed to the actual compensation payout stage. - FY2020First statedAnnual report
「This is a performance-linked stock compensation plan under which eligible directors receive company shares and cash based on the degree of achievement of targets, with the evaluation period covering 3 fiscal years, the period of the company’s medium-term management plan. The performance target is the cumulative ordinary profit for the 3 fiscal years set out in the medium-term management plan, and the payout ratio is determined within a range of 0% to 120% based on the degree of achievement of cumulative actual ordinary profit during the same period. The first evaluation period covers the medium-term management plan “Break2018,” comprising the 3 fiscal years from fiscal 2018 through fiscal 2020. However, because fiscal 2018 had already ended when the plan was introduced, the evaluation period covers 2 fiscal years, fiscal 2019 and fiscal 2020.」
The company has introduced a stock and cash compensation plan based on cumulative ordinary profit during the medium-term management plan period, with payouts ranging from 0% to 120% according to the degree of achievement. The first evaluation period effectively covers 2 fiscal years, fiscal 2019 and fiscal 2020.