Officer Incentives Through Performance-Linked Compensation and Stock Acquisition Rights
First written in FY2021. 4 of 5 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2024-Q2.
85 other companies' latest entry also says "Advanced".
- FY2024-Q2AdvancedAnnual report
「At a meeting of the board of directors held on 1 March 2024, we resolved to issue share acquisition rights to our directors and the directors and employees of our subsidiaries, and issued them on 19 March 2024.」
Following the transition to a holding company structure, the specific execution of issuing the 24th through 26th series of share acquisition rights to our directors and the directors and employees of our subsidiaries progressed. - FY2023-Q3AdvancedAnnual report
「Holders of the share acquisition rights may exercise these rights only if, in any fiscal year from the fiscal year ending August 2024 through the fiscal year ending August 2026, revenue stated in the consolidated income statement of our company and its subsidiaries, collectively referred to below as “our group,” exceeds ¥7,000 million. If no consolidated income statement is prepared, the income statement applies.」
The performance-linked incentive progressed to a specific design involving the issuance of the 23rd series of share acquisition rights covering 416,000 shares to directors, executive officers, employees and others, with revenue exceeding ¥7,000 million in any fiscal year from the fiscal year ending August 2024 through the fiscal year ending August 2026 as an exercise condition. - FY2022-Q3AdvancedAnnual report
「The share exchange became effective on 1 June 2022, and our company and 株式会社バリューデザイン issued share acquisition rights, from the 16th to the 21st series, under the share exchange agreement executed between the companies on 15 March 2022.」
The existing executive and employee incentive policy progressed to the specific execution of issuing the 16th through 21st series of share acquisition rights in connection with the management integration. - FY2022-Q1AdvancedAnnual report
「At a meeting of the board of directors held on 15 December 2021, we resolved to issue share acquisition rights as stock options to our directors and employees.」
The performance-linked executive incentive policy progressed to a specific resolution to issue 556 stock options covering 55,600 shares to 7 directors and 31 employees. The exercise period is from 20 January 2025 to 14 December 2031. - FY2021First statedAnnual report
「Cash performance-linked compensation is paid based on an amount calculated according to revenue, operating profit or “operating profit + depreciation and amortization ± other adjustment items,” and each individual's achievement rate against personal targets. Revenue, operating profit or “operating profit + depreciation and amortization ± other adjustment items” were selected as performance indicators because they are most closely related to the financial targets of the medium-term management plan, which provides for long-term, sustainable growth.」
In addition to fixed compensation, the company has disclosed for the first time in specific terms its policy of providing cash compensation linked to revenue and operating profit and non-monetary compensation through share acquisition rights.