Granting Stock-Compensation Stock Options to Directors and Audit & Supervisory Board Members
First written in FY2017-Q1. 10 of 18 entries say "Advanced", first in FY2018-Q1. Latest entry: 2026-07-07.
- 2026-07-07AdvancedShare Issuance and Disposal
「Today, following discussions by the company's Board of Directors and the directors who are Audit and Supervisory Committee members, the company resolved to pay total monetary compensation claims of ¥24,899,400 to 5 eligible directors and 4 eligible directors who are Audit and Supervisory Committee members, the planned allottees, for the restricted stock compensation covering the period from the company's 78th Annual General Meeting of Shareholders held on 25 June 2026 through the company's 79th Annual General Meeting of Shareholders scheduled for June 2027. The company will allot 17,400 shares of its common stock as specified restricted stock, with the allottees contributing the full amount of the monetary compensation claims in kind.」
The restricted stock compensation plan has progressed from a description of its continuation to a specific decision to allot and issue 17,400 shares to a total of 9 people, including directors who are Audit and Supervisory Committee members. The restriction period is 30 years. - FY2026AdvancedAnnual report
「The breakdown for the fiscal year was the disposal of treasury shares acquired upon the exercise of stock options, comprising 28,000 shares with a total disposal value of ¥37,356,256, and the disposal of treasury shares acquired as restricted stock compensation, comprising 15,200 shares with a total disposal value of ¥20,279,110.」
The company continues its equity compensation plans and disposed of 28,000 shares upon the exercise of stock options and 15,200 shares as restricted stock compensation during the fiscal year. - 2026-06-03ReframedGeneral Meetings of Shareholders
「This proposal is procedural in nature in connection with the transition to a company with an Audit and Supervisory Committee, and the substantive terms of the compensation are the same as those of the restricted stock compensation plan approved at the 70th Annual General Meeting of Shareholders held on 27 June 2018」
While maintaining the substantive terms of the restricted stock compensation plan, the company is resetting the eligible recipients and compensation limits in line with the transition to a company with an Audit and Supervisory Committee. - FY2025AdvancedAnnual report
「The breakdown for the fiscal year was the disposal of treasury shares acquired as restricted stock compensation, comprising 16,400 shares with a total disposal value of ¥21,890,588.」
The company continues the restricted stock compensation plan and disposed of 16,400 shares during the fiscal year. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 July 2023, the company resolved to dispose of treasury shares as restricted stock compensation as follows, and on 26 July 2023 allocated restricted stock compensation and disposed of treasury shares. (2) Class and number of shares to be disposed of Common shares of the company: 16,400 shares」
The company disclosed a new implementation of the restricted stock compensation plan, allocating 16,400 treasury shares to 5 directors and 3 audit & supervisory board members on 26 July 2023. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 July 2022, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”) as follows, and on 27 July 2022 allocated restricted stock compensation and disposed of treasury shares. (2) Class and number of shares to be disposed of Common shares of the company: 16,400 shares」
The company disclosed, as a significant subsequent event, that it allocated 16,400 treasury shares to 5 directors and 3 audit & supervisory board members on 27 July 2022 under the restricted stock compensation plan. - FY2022RestatedAnnual report
「At a meeting of the Board of Directors held on 7 July 2021, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”) as follows, and on 27 July 2021 allocated restricted stock compensation and disposed of treasury shares. (2) Class and number of shares to be disposed of Common shares of the company: 16,400 shares」
The company continues the restricted stock compensation plan and disposed of 16,400 treasury shares on 27 July 2021. It has maintained its policy that officer compensation comprises fixed compensation, performance-linked bonuses and restricted stock. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 July 2021, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”) as follows, and on 27 July 2021 allocated restricted stock compensation and disposed of treasury shares. (2) Class and number of shares to be disposed of Common shares of the company: 16,400 shares」
Under the restricted stock compensation plan, the company disposed of 16,400 treasury shares on 27 July 2021 and allocated them to 5 directors and 3 audit & supervisory board members. This records a new implementation of the existing plan. - FY2021ReframedAnnual report
「The company’s compensation structure for directors is linked to profits so that it functions effectively as an incentive for sustained growth in corporate value. Its basic policy is to set each director’s compensation at an appropriate level based on the director’s responsibilities. Specifically, compensation comprises basic compensation as fixed compensation, bonuses as performance-linked compensation, and restricted stock as non-monetary compensation. Compensation for outside directors comprises basic compensation as fixed compensation and restricted stock as non-monetary compensation.」
In addition to continuing the restricted stock compensation plan, the company formalized at a Board of Directors meeting held on 5 February 2021 its policy for determining officer compensation, comprising fixed compensation, performance-linked bonuses and restricted stock. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 July 2020, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”) as follows, and on 27 July 2020 allocated restricted stock compensation and disposed of treasury shares. (2) Class and number of shares to be disposed of Common shares of the company: 20,400 shares」
Under the restricted stock compensation plan, the company disposed of 20,400 treasury shares on 27 July 2020 and allocated them to 5 directors and 4 audit & supervisory board members. This records a new implementation of the existing plan. - FY2020RestatedAnnual report
「Compensation, etc., for officers comprises basic compensation, bonuses and the restricted stock compensation plan, and is determined within the limits approved by the general meeting of shareholders, taking into consideration each officer’s position and other factors.」
The company continues to operate the restricted stock compensation plan introduced in place of stock options as a component of officer compensation. During the fiscal year, 20,400 shares were disposed of as restricted stock compensation. - FY2020-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 June 2019, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”) as follows, and on 11 July 2019 allocated restricted stock compensation and disposed of treasury shares. (2) Class and number of shares to be disposed of Common shares of the company: 20,400 shares (5) Recipients 5 directors of the company: 19,000 shares 4 audit & supervisory board members of the company: 1,400 shares」
Under the restricted stock compensation plan, the company disposed of 20,400 treasury shares on 11 July 2019 and allocated them to 5 directors and 4 audit & supervisory board members. Implementation of the equity compensation plan introduced in place of stock options is progressing. - FY2019RestatedAnnual report
「Compensation, etc., for officers comprises basic compensation, bonuses and the restricted stock compensation plan, and is determined within the limits approved by the general meeting of shareholders, taking into consideration each officer’s position and other factors.」
The company continues to operate the restricted stock compensation plan introduced in place of stock options as a component of officer compensation. During the fiscal year, a total of 23,800 shares were allocated to directors and audit & supervisory board members. - FY2019-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 June 2018, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”) as follows, and on 12 July 2018 allocated restricted stock compensation and disposed of treasury shares.」
In connection with the transition from stock options to a restricted stock compensation plan, the company allocated a total of 23,800 shares to 6 directors and 3 audit & supervisory board members and disposed of treasury shares on 12 July 2018. The restriction period is 30 years. - FY2018ReframedAnnual report
「At the 70th annual general meeting of shareholders held on 27 June 2018, the company resolved to introduce a new restricted stock compensation plan for its directors and audit & supervisory board members, providing greater incentives than previously to achieve sustained growth in corporate value and further sharing value with shareholders. Accordingly, the provisions setting the amount of compensation, etc., relating to stock acquisition rights issued as stock options in the form of equity compensation were abolished, and the company decided not to issue any further stock options in the form of equity compensation under those provisions, except for rights already allocated.」
The company has indicated a policy of transitioning equity compensation for directors and audit & supervisory board members from the previous stock option plan to a restricted stock compensation plan. - FY2018-Q2RestatedAnnual report
「The stock acquisition rights issued during the second quarter accounting period were as follows. Resolution date 28 June 2017 Number of stock acquisition rights 107 Number of shares underlying the stock acquisition rights 21,400 (Note 1) Amount payable on exercise of the stock acquisition rights ¥1 per share Exercise period 15 July 2017 to 14 July 2047」
The company restated the issuance terms for a total of 107 stock acquisition rights in the form of equity compensation for directors and audit & supervisory board members. No increase in the issuance size or change in terms from the previous disclosure is indicated. - FY2018-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 June 2017, the company resolved, pursuant to Articles 236, 238 and 240 of the Companies Act, to issue stock acquisition rights to its directors and audit & supervisory board members as stock options in the form of equity compensation, and allocated them as follows on 14 July 2017. Number of shares underlying each stock acquisition right: 200 Total number of stock acquisition rights: 107 Amount payable on exercise of each stock acquisition right: ¥1 8 directors: 101 rights; 3 audit & supervisory board members: 6 rights 14 July 2017 15 July 2017 to 14 July 2047」
The company allocated 101 Series 7 stock acquisition rights to 8 directors and 6 to 3 audit & supervisory board members, for a total of 107. Each right covered 200 shares, the exercise price was ¥1, and the allocation date was 14 July 2017. - FY2017-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 28 June 2016, the company resolved, pursuant to Articles 236, 238 and 240 of the Companies Act, to issue stock acquisition rights to its directors and audit & supervisory board members as stock options in the form of equity compensation, and allocated them as follows on 15 July 2016.」
The company allocated 101 stock acquisition rights to 8 directors and 6 to 3 audit & supervisory board members, for a total of 107. Each stock acquisition right covered 1,000 shares. The allocation date was 15 July 2016, and the exercise period was from 16 July 2016 to 15 July 2046.