Providing incentives to directors through a restricted stock compensation plan
First written in FY2021-Q1. 10 of 15 entries say "Advanced", first in FY2021-Q2. Latest entry: 2026-08-14.
- FY2026Number of shares disposed of under the restricted stock compensation plan has changedAnnual report
「Other (disposal of treasury shares as restricted stock compensation) 12,900 3,882」
The restricted stock compensation plan continued to operate, and the Company disposed of 12,900 treasury shares during the fiscal year for a total disposal value of ¥3.882 million. - FY2026-H1Increase in amortization of restricted stock compensationAnnual report
「Amortization of restricted stock compensation ¥66.901 million」
The restricted stock compensation plan continued to operate, and compensation amortization for the interim period totaled ¥66.901 million. - FY2025AdvancedAnnual report
「Other (disposal of treasury shares as restricted stock compensation) 14,050 7,938」
Under the restricted stock compensation plan, the Company disposed of 14,050 treasury shares during the fiscal year for a total disposal value of ¥7.938 million. - FY2025-H1RestatedAnnual report
「Amortization of restricted stock compensation ¥46.205 million ¥54.141 million」
The restricted stock compensation plan continued to operate, with ¥54.141 million of compensation amortization recorded for the interim accounting period. - FY2024-Q1RaisedAnnual report
「At the 8th Annual General Meeting of Shareholders held on 23 June 2023, the Company revised the total number of these common shares to no more than 20,000 shares per year, of which no more than 3,000 shares may be allocated to outside directors. Following this, at a meeting of the Board of Directors held on 20 July 2023, the Company resolved to grant aggregate monetary compensation claims of ¥67,344,000 to 5 directors and 3 employees, taking into consideration the purpose of the Plan, the scope of each recipient's responsibilities and other circumstances, and to dispose of 13,800 common shares through their contribution of those claims in kind.」
The annual limit on shares issued or disposed of as restricted stock compensation was revised from no more than 10,000 shares to no more than 20,000 shares, and the disposal of 13,800 shares to directors and employees was approved. - FY2023AdvancedAnnual report
「Other (disposal of treasury shares as restricted stock compensation) 30,600 120,102」
Under the restricted stock compensation plan, the Company disposed of 30,600 treasury shares during the fiscal year for a total disposal value of ¥120.102 million. - FY2023-Q1AdvancedAnnual report
「The Company also decided to grant similar restricted stock to its employees to provide incentives for the sustainable improvement of the Company's medium- to long-term corporate value and shareholder value and to promote greater value sharing with shareholders. It resolved to grant aggregate monetary compensation claims of ¥113,390,000 to 4 directors and 10 employees, taking into consideration the purpose of the Plan, the scope of each recipient's responsibilities and other circumstances, and to dispose of 29,000 common shares through their contribution of those claims in kind.」
Eligibility for restricted stock compensation was expanded from directors to employees, and the disposal of 29,000 treasury shares to 4 directors and 10 employees was approved. - FY2022AdvancedAnnual report
「Other (disposal of treasury shares as restricted stock compensation) 7,014 4,425」
Under the restricted stock compensation plan, the Company disposed of 7,014 treasury shares during the fiscal year and recorded a disposal value of ¥4.425 million. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 July 2021, the Company resolved to dispose of treasury shares as restricted stock compensation as follows: type and number of shares to be disposed of: the Company's common shares, 6,350 shares; total disposal value: ¥76,136,500.」
Under the restricted stock compensation plan, the disposal of 6,350 treasury shares to 5 directors for a total of ¥76,136,500 was approved. - FY2021AdvancedAnnual report
「Regarding compensation for the Company's directors, excluding directors who are Audit and Supervisory Committee members, the Company will strive to ensure that stock-based compensation generally accounts for at least 50% of the mix of monetary and stock-based compensation.」
The compensation mix policy for restricted stock compensation was newly specified, with stock-based compensation generally accounting for at least 50%. - FY2021-Q2AdvancedAnnual report
「Amortization of restricted stock compensation - ¥6.825 million」
Under the restricted stock compensation plan, ¥6.825 million of compensation amortization was recorded in the statement of cash flows for the cumulative second quarter, confirming that the plan was in operation. - FY2021-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 22 May 2020, the Company resolved to introduce a new compensation plan for its directors, the restricted stock compensation plan (the “Plan”), to provide incentives for the sustainable improvement of the Company's medium- to long-term corporate value and shareholder value and to promote greater value sharing with shareholders. At the 5th Annual General Meeting of Shareholders held on 26 June 2020, approval was also obtained to provide the Company's directors with monetary compensation claims of up to ¥100 million per year, separate from the existing monetary compensation framework, as property contributed in kind for the grant of restricted stock, of which the portion for outside directors would be limited to ¥8 million per year.」
The Company initially disclosed its policy of introducing a restricted stock compensation plan for directors to improve medium- to long-term corporate and shareholder value and promote value sharing with shareholders. An annual compensation limit of ¥100 million, including an annual limit of ¥8 million for outside directors, was approved.