Review of the Executive Compensation Scheme and Alignment with Shareholder Value
First written in FY2020-Q1. 12 of 16 entries say "Advanced", first in FY2020-Q2. Latest entry: 2026-07-30.
- FY2026AdvancedAnnual report
「Treasury shares decreased by 1,000 shares as a result of the disposal of treasury shares carried out on 31 July 2025 as restricted stock compensation.」
For the restricted stock compensation plan, the company confirmed the implementation stage of disposing of 1,000 treasury shares to 2 executive officers on 31 July 2025. - FY2026-H1AdvancedAnnual report
「Treasury shares decreased by 1,000 shares as a result of the disposal of treasury shares carried out on 31 July 2025 as restricted stock compensation.」
For the restricted stock compensation plan, the company confirmed the implementation stage of disposing of 1,000 treasury shares on 31 July 2025. - FY2025-H1AdvancedAnnual report
「Treasury shares also decreased by 2,000 shares as a result of the disposal of treasury shares carried out on 2 August 2024 as restricted stock compensation.」
For the restricted stock compensation plan, the company confirmed the implementation stage of disposing of 2,000 treasury shares on 2 August 2024. - FY2024AdvancedAnnual report
「During the fiscal year, the Nomination and Compensation Advisory Committee met 2 times to deliberate and discuss the selection of directors, including the selection of the chairperson, representative directors and directors with titles, as well as director compensation and other matters.」
In addition to operating the restricted stock compensation and performance-linked compensation plans, the Nomination and Compensation Advisory Committee actually deliberated on director selection and compensation. Performance-linked compensation for directors other than outside directors amounted to ¥80 million, and non-monetary compensation amounted to ¥10.28 million. - 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 described below (the "Treasury Share Disposal" or the "Disposal").」
The company continued operating the restricted stock compensation plan and resolved to dispose of 2,000 common shares to 2 directors, with 4 August 2023 as the disposal date. - FY2023AdvancedAnnual report
「During the fiscal year, the Nomination and Compensation Advisory Committee met 3 times to deliberate and discuss the selection of directors, including the selection of the chairperson, representative directors and directors with titles, as well as director compensation and other matters.」
The Nomination and Compensation Advisory Committee met 3 times during the fiscal year, and the selection and compensation deliberations for directors were put into practice. Performance-linked compensation of ¥50 million and non-monetary compensation of ¥18.66 million were paid to directors other than outside directors. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 1 July 2022, the company resolved to dispose of treasury shares as restricted stock compensation, as described below (the "Treasury Share Disposal" or the "Disposal"). Disposal date: 26 July 2022 Common shares of the company: 4,000 shares」
For the restricted stock compensation plan, the company resolved to dispose of 4,000 treasury shares to 2 directors, with 26 July 2022 as the disposal date, and proceeded with the operation of the plan. - FY2022AdvancedAnnual report
「Performance-linked compensation and other compensation is cash compensation determined in consideration of performance and other factors for each fiscal year. Within the compensation limits approved at the General Meeting of Shareholders, the amount determined after a comprehensive evaluation of the performance level for the fiscal year (based on approximately 1% of net income), the achievement rate of performance targets, and each director's responsibilities and implementation status of key initiatives in their area of responsibility is paid annually as a bonus at a specified time.」
Based on the recommendations of the Nomination and Compensation Advisory Committee, the company made the operation of performance-linked compensation more specific by using net income of approximately 1%, the achievement rate of performance targets, and the implementation status of key initiatives, among other factors. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 23 March 2021, the company resolved to establish a Nomination and Compensation Advisory Committee as an advisory body to the Board of Directors, with the aim of strengthening the fairness, transparency and objectivity of procedures concerning the nomination and compensation of directors.」
In addition to operating the restricted stock compensation plan, the company made the compensation determination process more specific by evaluating performance, the achievement rate of targets, responsibilities, and the implementation status of key initiatives, among other factors. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 3 July 2020, the company resolved to dispose of treasury shares as restricted stock compensation, as described below (the "Treasury Share Disposal" or the "Disposal").」
For the restricted stock compensation plan, the company adopted a specific resolution to dispose of 2,000 common shares to 2 directors, with 31 July 2020 as the disposal date. - FY2020RestatedAnnual report
「The company has decided to provide stock-based compensation to give executives an incentive to achieve sustained increases in corporate value and to further share value with shareholders.」
The company continues to disclose the restricted stock compensation plan as a system intended to provide incentives to enhance corporate value and share value with shareholders. - FY2020-Q3RestatedAnnual report
「At the 40th Annual General Meeting of Shareholders held on 24 June 2019, the company resolved, as part of its review of the executive compensation system, to finalize executive retirement allowances and pay them as a lump sum.」
The company continues to disclose the resolution concerning the finalization and lump-sum payment of executive retirement allowances in connection with the review of the executive compensation system, together with the unpaid amount of ¥952.172 million. - FY2020-Q2AdvancedAnnual report
「Treasury shares decreased by 2,000 shares as a result of the disposal of treasury shares carried out on 2 August 2019 as restricted stock compensation.」
For the restricted stock compensation plan, the company proceeded to the implementation stage of disposing of 2,000 treasury shares on 2 August 2019. - FY2020-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 13 May 2019, the company resolved to introduce a restricted stock compensation plan as a new compensation system for directors other than outside directors (the "Eligible Directors"), for the purpose of providing medium- to long-term incentives and sharing shareholder value. At the 40th Annual General Meeting of Shareholders held on 24 June 2019, approval was obtained to provide Eligible Directors with monetary compensation claims of up to ¥150 million per year as monetary compensation (the "Restricted Stock Compensation") to be contributed as property for the acquisition of restricted shares under the plan, and to set the restriction period for transfers of the restricted shares at a period determined by the Board of Directors between 3 and 30 years.」
The company introduced a restricted stock compensation plan to provide medium- to long-term incentives and share shareholder value. The plan sets annual compensation at no more than ¥150 million and the transfer restriction period at between 3 and 30 years.