Transition to a Performance-Based Stock Compensation Plan
First written in FY2016. 1 of 5 entries say "Restated". Latest entry: FY2026.
Oji Holdings moved to the "Worse" side of this theme in 2026.
3 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In 2025, we changed the performance-linked stock compensation system for officers from a stock delivery trust to an RS trust, referred to below as the “System.” Under the former stock delivery trust, points were granted and accumulated each fiscal year as stock-based compensation, and actual shares were delivered upon retirement. Under the System, which uses the framework of the former system, restricted stock (RS, or Restricted Stock) is delivered each year and the transfer restrictions are lifted upon retirement.」
The performance-linked stock compensation plan was changed from the existing stock delivery trust to an RS trust, and executive officers were added as eligible participants from fiscal 2025. The trust period has been extended through the end of August 2028. - FY2023Further extension of the trust termAnnual report
「As the 3-year extension of the trust term granted in August 2022 had expired, the company resolved at a Board of Directors meeting held on 21 June 2022 to continue the system and extend the trust term for a further 3 years. On 24 November 2022, it made an additional cash contribution to the trust so that it could acquire shares corresponding to the points expected to be granted during the extended term.」
The company continues the performance-linked stock compensation system and has extended the trust term for a further 3 years, through the end of August 2025, with an additional contribution made. - FY2020RestatedAnnual report
「As 3 years had passed since the introduction of the system and the initial trust term was due to expire in August 2019, the company resolved at a Board of Directors meeting held on 21 June 2019 to continue the system and extend the trust term by 3 years. In addition, on 21 November 2019, the company made an additional cash contribution to the trust so that it could acquire shares corresponding to the points expected to be granted during the extended term.」
The company reconfirms the continuation of the performance-linked stock compensation system, the 3-year extension of the trust term and the additional contribution. - FY2019Extension of the trust termAnnual report
「At a Board of Directors meeting held on 21 June 2019, the company resolved to extend the trust termination date to 30 August 2022.」
For the trust used in the performance-linked stock compensation system, the scheduled trust termination date was extended to 30 August 2022. - FY2016First statedAnnual report
「The purpose of this system, introduced from fiscal 2016, is to clarify the linkage between directors' compensation and the company's performance and share value, and to heighten directors' awareness of contributing to improved medium- to long-term performance and increased corporate value by having them share with shareholders not only the benefits of a rising share price but also the risks of a declining share price.」
From fiscal 2016, the company discontinued new grants of the conventional stock acquisition rights and introduced a stock-based compensation system linked to performance and financial indicators.