Introduction of Restricted Stock Compensation and Performance-Linked Stock Compensation
First written in FY2021. 3 of 6 entries say "Restated". Latest entry: FY2025-H1.
- FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 September 2024, the company issued 66,736 new shares on 17 October 2024 as restricted stock compensation (45,757 shares) and Series 1 performance-linked stock compensation (20,979 shares), bringing the total number of issued shares to 4,789,041.」
Implementation has progressed to the stage of issuing a total of 66,736 new shares on 17 October 2024, comprising 45,757 shares of restricted stock compensation and 20,979 shares of Series 1 performance-linked stock compensation. - FY2023RestatedAnnual report
「For performance-linked stock compensation (PS), performance metrics targeted in the medium-term management plan are established and the award is determined according to the level of achievement, subject to a maximum of 200%. Consolidated ordinary profit was selected as the performance metric because it is one of the most appropriate indicators for measuring the performance responsibility of directors and, by pursuing a higher level of consolidated ordinary profit, for achieving sustainable growth and enhancing corporate value.」
The policy of determining performance-linked stock compensation according to the level of achievement, subject to a maximum of 200%, while linking it to the medium-term management plan and consolidated ordinary profit, is being reaffirmed. - FY2022RestatedAnnual report
「For performance-linked stock compensation (PS), performance metrics targeted in the medium-term management plan are established and the award is determined according to the level of achievement, subject to a maximum of 200%. Consolidated ordinary profit was selected as the performance metric because it is one of the most appropriate indicators for measuring the performance responsibility of directors and, by pursuing a higher level of consolidated ordinary profit, for achieving sustainable growth and enhancing corporate value.」
The policy of linking performance-linked stock compensation to the medium-term management plan and consolidated ordinary profit is being reaffirmed. - FY2022-Q2RestatedAnnual report
「(Note) At a meeting of the Board of Directors held on 1 October 2021, it was resolved to issue 44,035 new shares as restricted stock compensation on 21 October 2021, bringing the total number of issued shares to 4,722,305.」
The previously implemented issuance of 44,035 shares as restricted stock compensation on 21 October 2021 is being reaffirmed. - FY2022-Q1AdvancedAnnual report
「(Note) The issuance of new shares on 21 October 2021 as restricted stock compensation increased the total number of issued shares by 44,035 shares and increased both capital stock and capital reserves by ¥11.999 million.」
The disclosure states that 44,035 shares were issued as restricted stock compensation on 21 October 2021, increasing both capital stock and capital reserves by ¥11.999 million. - FY2021First statedAnnual report
「The purpose of introducing this system is to provide directors who are not Audit & Supervisory Committee members, excluding outside directors (the “Eligible Directors”), with an incentive to achieve sustained growth in our corporate value and to further promote value sharing between the Eligible Directors and our shareholders.」
Following approval at the September 2021 shareholders' meeting, restricted stock compensation and performance-linked stock compensation were introduced. RS is linked to the period of the medium-term management plan, while PS uses the three fiscal years from the fiscal year ending June 2022 through the fiscal year ending June 2024 as the performance evaluation period and reflects the achievement rate for consolidated ordinary profit on a scale of 0% to 200%.