Introduction of Performance-Based Stock Compensation (PSU)
First written in FY2018. 4 of 8 entries say "Advanced", first in FY2023. Latest entry: 2026-07-17.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
3 other companies' latest entry also says "Achieved".
- FY2026AdvancedAnnual report
「Other items for the fiscal year (disposal of treasury shares for restricted stock compensation) consisted of the disposal of treasury shares in connection with the grant of 31,600 restricted stock compensation shares to officers.」
The company continued its restricted stock compensation plan and disposed of 31,600 shares for officers. Share-based compensation was ¥20 million. - FY2024AdvancedAnnual report
「Other items for the fiscal year (disposal of treasury shares for restricted stock compensation) consisted of the disposal of treasury shares in connection with the grant of 26,800 restricted stock compensation shares to officers.」
The company continued its restricted stock compensation plan and disposed of 26,800 shares for officers in FY2024. Share-based compensation was disclosed as ¥18 million. - FY2023AdvancedAnnual report
「Directors (excluding outside directors) 132 86 30 16 16 4」
The company continued its restricted stock compensation plan. Share-based compensation for 4 internal directors was ¥16 million, and total compensation was ¥132 million for the fiscal year. - FY2020ReframedAnnual report
「The plan will be discontinued following the payment covering the 2 fiscal years ended March 2019 and March 2020. The company will newly introduce a restricted stock compensation plan, with compensation capped at ¥25 million per year and the total number of common shares issued or disposed of under the plan capped at 15,000 shares per year.」
The company discontinued the PSU plan covering 2 fiscal years and transitioned to a restricted stock compensation plan aimed at long-term, stable shareholding and value sharing with shareholders. For FY2020, consolidated net sales were ¥15.342 billion and consolidated operating profit was ¥1.012 billion, resulting in payout ratios of 64.2% and 15.0%, respectively. - FY2019RestatedAnnual report
「Consolidated net sales for the fiscal year ended March 2019 were ¥14,834 million, against a target of ¥14,700 million, and consolidated operating profit was ¥986 million, against a target of ¥1,000 million. / The evaluation period is from April 2018 to March 2020.」
The company continued its PSU plan and disclosed that, for the fiscal year ended March 2019 during the evaluation period, net sales exceeded the ¥14,700 million target while operating profit fell short of the ¥1,000 million target. Final evaluation and payment were scheduled after the fiscal year ending March 2020. - FY2018First statedAnnual report
「To further promote value sharing between directors and shareholders, the company introduced a performance-linked share-based compensation plan, or Performance Share Units (PSUs), for its directors excluding outside directors (the eligible directors). The payout ratio will be determined based on the results for consolidated net sales and consolidated operating profit for the fiscal year ending March 2020, the second step of the medium- to long-term management plan, in accordance with the following formula. The evaluation period is from April 2018 to March 2020. Payment will be made in July 2020.」
The company introduced PSUs linked to consolidated net sales and operating profit, with an evaluation period from April 2018 to March 2020 and payment scheduled for July 2020.