Sharing Value Between Directors and Shareholders Through Restricted Stock Compensation
First written in FY2017-Q1. 3 of 7 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2025-H1.
- FY2025-H1AdvancedAnnual report
「26 July 2024 50,000 shares Increase due to the issuance of new shares as restricted stock compensation. Allottees: 4 directors, excluding directors who are Audit and Supervisory Committee members and outside directors」
The Company issued 50,000 restricted shares to 4 directors, implementing an additional measure intended to promote value sharing between directors and shareholders. - FY2024RaisedAnnual report
「The Company resolved to change the restriction period under the restricted stock compensation plan from “a period determined by the Board of Directors between 3 and 5 years” to “the period ending immediately after the eligible director ceases to hold any position as a director, executive officer, corporate officer or employee of the Company or any of its subsidiaries, following the date of allotment.”」
The restricted period for restricted stock compensation was changed from a fixed period of 3 to 5 years to a period ending immediately after the director leaves office or retires, strengthening the system for medium- to long-term value sharing. - FY2021AdvancedAnnual report
「Performance-linked compensation is monetary compensation reflecting performance indicators (KPIs) to raise awareness of improving performance in each fiscal year. A bonus calculated according to the level of achievement against targets such as consolidated operating income for each fiscal year is paid annually at a specified time. Non-monetary compensation comprises restricted stock reflecting a proportion of base compensation, to promote management focused on improving corporate and shareholder value over the medium to long term.」
In addition to the existing restricted stock compensation, the Company established KPI-linked compensation based on consolidated operating income and other measures, with a compensation structure of base compensation : performance-linked compensation, etc. (maximum) = 10 : 3. - FY2019RestatedAnnual report
「The amount of compensation for the grant of restricted stock to 2 directors, excluding directors who are Audit and Supervisory Committee members and outside directors, was approved at up to ¥50 million per year.」
The Company has reaffirmed the restricted stock compensation plan and its annual cap, intended to promote value sharing between directors and shareholders. - FY2017RestatedAnnual report
「The amount of compensation for the grant of restricted stock to directors, excluding directors who are Audit and Supervisory Committee members and outside directors, was approved at up to ¥50 million per year.」
The Company has reiterated the cap on the restricted stock compensation plan intended to promote value sharing between directors and shareholders. - FY2017-Q2AdvancedAnnual report
「19 August 2016 35,300 2,014,600 21,533 ¥521,251 21,533 ¥471,251 (Note) 2. Paid-in third-party allotment through in-kind contribution of monetary compensation claims Issue price: ¥1,220 per share Amount included in capital: ¥21.533 million Allottees: 2 directors, excluding directors who are Audit and Supervisory Committee members and outside directors」
On 19 August 2016, the Company issued 35,300 shares as restricted stock compensation to 2 directors. The stock compensation plan approved in the previous quarter has progressed to the actual issuance stage. - FY2017-Q1First statedAnnual report
「At the 15th Annual General Meeting of Shareholders held on 23 June 2016, shareholders approved the payment to directors, excluding directors who are Audit and Supervisory Committee members and outside directors, of compensation of up to ¥50 million per year in monetary claims for the grant of restricted stock, with the total number of common shares issued or disposed of limited to 50,000 shares per year. The purpose is to provide the Company’s directors with an incentive to achieve sustained growth in corporate value and to promote greater sharing of value between the directors and shareholders. This share issuance is made as restricted stock compensation for the performance of duties during the three fiscal years covered by the medium-term management plan and is not intended to raise funds.」
The Board of Directors resolved to issue 35,300 shares as stock compensation to 2 directors. The total issue amount is ¥43,066,000, and the transfer restriction period runs from 19 August 2016 to 18 August 2019. The compensation corresponds to the three fiscal years covered by the medium-term management plan and is intended to promote value sharing between directors and shareholders.