Medium- to Long-Term Incentive Through Performance-Linked Share Compensation
First written in FY2021. 13 of 14 entries say "Advanced", first in FY2022-Q3. Latest entry: FY2027-H1.
77 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Changes in the number of treasury shares were as follows.” Decrease during the period (Note 2) △53,622” (Note 2) Shares were delivered to directors and other eligible persons through the performance-based stock compensation BIP trust.」
During the interim period, 53,622 shares were delivered from the director compensation BIP trust to directors and other eligible persons, continuing the operation of the performance-based stock compensation plan. - FY2026AdvancedAnnual report
「For consolidated results for the fiscal year ending February 2026, revenue was ¥30,933 million, compared with a target of ¥31,200 million. EBITDA was ¥10,515 million, compared with a target of ¥10,460 million. Based on these results, the number of shares granted to executive directors and other eligible officers under the performance-linked stock compensation plan for the fiscal year was 115.23% of the standard number of shares.」
The performance-linked stock compensation plan continued to operate, with the number of shares granted based on the achievement levels for revenue and EBITDA set at 115.23% of the standard number of shares. - FY2026-H1AdvancedAnnual report
「Changes in the number of treasury shares were as follows.” “Decrease during period (Note 2) △59,744” “(Note 2) Delivery to directors and executive officers through the BIP trust for executive compensation.」
During the interim period, 59,744 shares were delivered from the BIP trust for executive compensation to directors and executive officers, and operation of the performance-linked stock compensation plan continued. - FY2025AdvancedAnnual report
「Pursuant to resolutions of the Board of Directors on 11 April 2024 and the General Meeting of Shareholders on 30 May, the trust period will be extended by 3 years.” “The number of shares granted under the performance-linked stock compensation plan was 133.1% of the standard number of shares.」
Operation of the performance-linked stock compensation BIP trust continued after the extension of its term, and the number of shares granted to executive directors and other eligible officers for the fiscal year ended February 2025 was 133.1% of the standard number of shares. - FY2025-H1AdvancedAnnual report
「Changes in the number of treasury shares were as follows.” “Balance at beginning of period 433,932 Decrease during period (Note 2) △44,504 Balance at end of interim period (Note 3) 389,428 (Note 2) Delivery to directors and executive officers through the BIP trust for executive compensation.」
During the interim period, 44,504 shares were delivered from the BIP trust for executive compensation to directors and executive officers, and operation of the performance-linked stock compensation plan continued. - FY2025-Q1AdvancedAnnual report
「Changes in the number of treasury shares were as follows.” “Balance at beginning of period 433,932 Decrease during period (Note 1) △44,504 Balance at end of quarter 389,428 (Note 1) Delivery to directors and executive officers through the BIP trust for executive compensation.」
During the first quarter, 44,504 shares were delivered from the BIP trust for executive compensation to directors and executive officers, and operation of the performance-linked stock compensation plan continued. - FY2024AdvancedAnnual report
「Pursuant to resolutions of the Board of Directors on 11 April 2024 and the General Meeting of Shareholders on 30 May, the trust period will be extended by 3 years.」
The trust period of the performance-linked stock compensation BIP trust was extended by 3 years, continuing the linkage to medium- and long-term performance and enhanced corporate value. For the fiscal year ended February 2024, the number of shares granted was 133.5% of the standard number of shares. - FY2024-Q3AdvancedAnnual report
「Changes in the number of treasury shares were as follows: Balance at beginning of period 479,513; increase during period (Note 1) 73; decrease during period (Note 2) △45,691; balance at end of quarter (Note 3) 433,895. (Note 1) Acquired in response to purchase requests from shareholders. (Note 2) Delivery to directors and executive officers through the BIP trust for executive compensation.」
During the first 3 quarters, 45,691 shares were delivered from the BIP trust for executive compensation to directors and executive officers, and operation of the performance-linked stock compensation plan continued. - FY2024-Q1AdvancedAnnual report
「Changes in the number of treasury shares were as follows: Balance at beginning of period 479,513 Decrease during period (Note 1) △45,691 Balance at end of quarter 433,822 (Note 1) Delivery to directors and executive officers through the BIP trust for executive compensation.」
During the first quarter, 45,691 shares were delivered from the BIP trust for executive compensation to directors and executive officers, and operation of the performance-linked stock compensation plan continued. - FY2023-Q2AdvancedAnnual report
「The decrease during the current second-quarter cumulative period was due to the delivery of shares to directors and executive officers through the BIP trust for executive compensation.」
During the second-quarter cumulative period, 20,541 shares were delivered from the BIP trust for executive compensation to directors and executive officers, and operation of the performance-linked stock compensation plan has continued. - FY2023-Q1AdvancedAnnual report
「The decrease during the current first-quarter cumulative period was due to the delivery of shares to directors and executive officers through the BIP trust for executive compensation.」
Shares were delivered from the BIP trust for executive compensation to directors and executive officers, and operation of the performance-linked stock compensation plan has continued. - FY2022AdvancedAnnual report
「For consolidated results for the fiscal year ended February 2022, revenue was ¥19,833 million, compared with a target of ¥19,000 million. Adjusted EBITDA was ¥7,314 million, compared with a target of ¥7,180 million. Based on these results, the number of shares granted to each director under the performance-linked stock compensation plan for the fiscal year was 115.4% of the standard number of shares.」
The performance-linked stock compensation plan was operated, with the number of shares granted based on actual revenue and adjusted EBITDA set at 115.4% of the standard number of shares. - FY2022-Q3AdvancedAnnual report
「To clarify the linkage between the compensation of our directors and executive officers, excluding non-residents of Japan, and our performance and share value, and to encourage directors and executive officers to contribute to improving medium- to long-term performance and increasing corporate value, we introduced a new performance-linked stock compensation plan from the current third-quarter consolidated accounting period.」
The performance-linked stock compensation plan was introduced from the third quarter, and operation began through the BIP trust for executive compensation. The expense recorded was ¥20.794 million. - FY2021First statedAnnual report
「To clarify the linkage between the compensation of our directors and executive officers, excluding non-residents of Japan, and our performance and share value, and to encourage directors and executive officers to contribute to improving medium- to long-term performance and increasing corporate value, we have reviewed the executive compensation system and decided to introduce a new stock compensation plan.」
The company has adopted a BIP trust for executive compensation, with a trust-funding limit of ¥600 million and a trust period scheduled to run from October 2021 to July 2024.