Performance-Linked Bonuses and TSR-Linked Equity Compensation
First written in FY2018. 12 of 16 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2026.
19 other companies' latest entry also says "Other".
- FY2026No short-term or medium- to long-term performance-linked compensation paid for the fiscal yearAnnual report
「Net income after tax for the current consolidated fiscal year, the performance metric, was ¥2,985 million, below the previous fiscal year's consolidated net income after tax of ¥3,434 million. Accordingly, no short-term performance-linked compensation was paid.」
The parent company's short-term performance-linked compensation was not paid because net income fell below the previous year. In addition, no shares were delivered under the medium- to long-term performance-linked stock compensation plans covering September 2022 to September 2025 and September 2024 to September 2025, because TSR underperformed TOPIX. - 2026-09-03RaisedGeneral Meetings of Shareholders
「We would like to add outside directors, excluding directors who are Audit and Supervisory Committee members, to the eligible participants under the existing system in order to further promote the sharing of value between outside directors and shareholders through sustained increases in the share price and to provide outside directors with incentives to sustainably enhance our corporate value.」
The company proposed adding outside directors, excluding directors who are Audit and Supervisory Committee members, to the existing share-based compensation plan for officers. - FY2025-H1AdvancedAnnual report
「From the fiscal year ending June 2025 (29th fiscal year), the company has introduced a trust-based stock compensation plan (the “Plan”) for its directors, excluding directors who are Audit and Supervisory Committee members and outside directors.」
The company disclosed that it had actually introduced a trust-based stock compensation plan for officers from the fiscal year ending June 2025. - FY2024AdvancedAnnual report
「For the medium-term performance-linked compensation covering the period from September 2024 to September 2025, the company will change to a system under which its common shares are delivered through a trust established with contributions from the company.」
For medium-term performance-linked compensation for officers, the company specified a change from the performance period from September 2024 to September 2025 to a trust-based share delivery system, with transfer restrictions also imposed. - FY2023-Q1AdvancedAnnual report
「At a board meeting held on 7 October 2022, the company resolved to issue new shares under its performance-linked equity compensation plan for directors and to issue new shares as restricted stock compensation for the company's executive officers and directors of its subsidiaries. The payment procedures were completed on 28 October 2022.」
A total of 20,350 new shares were issued and paid for as performance-linked stock compensation and restricted stock compensation. - FY2022AdvancedAnnual report
「The total shareholder return for the company over the period from September 2018 to September 2021 was 204.1%, while TOPIX growth was 118.1%, resulting in the company's share growth rate in A above of 172.8%. As this corresponded to ④: 100% of the share delivery ratio described above, 100% of the base delivery amount of 8,705 shares was delivered.」
The company delivered 8,705 shares at a 100% delivery ratio under medium- to long-term performance-linked equity compensation based on the relative share growth rates of TSR and TOPIX. - FY2022-Q2AdvancedAnnual report
「12 November 2021 (Note) 1 8,705 37,611,908 6 318 6 255 12 November 2021 (Note) 2 13,593 37,625,501 10 329 10 265」
As of 12 November 2021, the company issued 8,705 shares as performance-linked equity compensation and 13,593 shares as restricted stock compensation. - FY2022-Q1AdvancedAnnual report
「Pursuant to a board resolution adopted on 15 October 2021, new shares were issued as restricted stock compensation on 12 November 2021. As a result, the number of shares increased by 22,298, bringing total issued shares to 37,625,501.」
The company disclosed the issuance of 22,298 shares as restricted stock compensation. - FY2021AdvancedAnnual report
「Consolidated operating profit for the current consolidated fiscal year, the performance metric, was ¥2,796 million, representing a 123% change from consolidated operating profit of ¥2,278 million in the previous fiscal year. Applying this to formula ③ above resulted in a short-term incentive factor of 1.89. Accordingly, 189% of the short-term performance compensation base amount of ¥26 million was paid as short-term performance-linked compensation.」
The company changed the short-term performance-linked compensation mechanism from the previous factor, which took the share price into account, to one based on the growth rate of consolidated operating profit. For the fiscal year, the factor was 1.89 and 189% of the base amount was paid. - FY2021AdvancedAnnual report
「At a board meeting held on 17 March 2021, the company resolved to establish a compensation advisory committee as a voluntary advisory body to strengthen the independence, objectivity and accountability of the decision-making process.」
The company introduced a compensation advisory committee, including independent directors, to strengthen the independence, objectivity and accountability of the executive compensation decision-making process. - FY2021-Q1AdvancedAnnual report
「Pursuant to a board resolution adopted on 18 September 2020, new shares were issued as restricted stock compensation on 16 October 2020. As a result, the number of shares increased by 16,221, bringing total issued shares to 37,603,203.」
The company issued 16,221 shares as restricted stock compensation. This followed the actual operation of the equity compensation system through the previous quarter. - FY2020SoftenedAnnual report
「With respect to compensation for the period from the fiscal year ended June 2018 through the fiscal year ended June 2020 that was scheduled to be paid in September 2020, the company decided by a board resolution on 10 July 2020 to cancel the payment, prioritizing the company's financial soundness in light of the spread of COVID-19 and the resulting uncertainty in the economic environment.」
The company cancelled payment of medium- to long-term performance-linked compensation for the planned performance period, prioritizing financial soundness. The equity compensation system and TSR-linked mechanism thereafter continued. - FY2020-Q1AdvancedAnnual report
「Pursuant to a board resolution dated 18 September 2019, new shares were issued as restricted stock compensation on 17 October 2019. As a result, the number of shares increased by 8,397, bringing total issued shares to 18,793,491.」
The company issued 8,397 new shares as restricted stock compensation. - FY2019AdvancedAnnual report
「Medium- to long-term performance-linked bonuses were introduced from the fiscal year ended June 2018. In the current consolidated fiscal year, however, the company changed them to equity compensation under which the company's common shares based on performance and other factors during the performance period are delivered at the end of that period, with the aim of providing directors with incentives to enhance corporate value over a longer term and further promoting value sharing between directors and shareholders.」
The company changed medium- to long-term performance-linked compensation to equity compensation under which common shares based on performance and other factors are delivered at the end of the performance period. The equity compensation is capped at ¥100 million per year and 100,000 shares per year for all directors. - FY2019-Q1AdvancedAnnual report
「Pursuant to a board resolution adopted on 19 September 2018, new shares were issued as restricted stock compensation on 19 October 2018. As a result, the number of shares increased by 9,094, bringing total issued shares to 18,785,094.」
The company disclosed the issuance of 9,094 shares as restricted stock compensation. - FY2018First statedAnnual report
「Performance-linked compensation consists of bonuses linked to performance and other factors for each fiscal year, constituting short-term incentive compensation, and equity compensation under which a number of the company's common shares calculated according to the company's share growth rate over a 3-year performance period are delivered after the end of the performance period.」
The company disclosed a compensation structure for directors consisting of annual performance-linked bonuses and equity compensation based on the share growth rate over 3 years.