Executive Compensation Policy Prioritizing Medium- to Long-Term Performance and Share Price Growth
First written in FY2017. 12 of 19 entries say "Advanced", first in FY2018-Q1. Latest entry: FY2027-H1.
19 other companies' latest entry also says "Other".
- FY2027-H1Free Acquisition of Restricted StockAnnual report
「During the interim consolidated accounting period, we acquired 67,500 treasury shares issued as restricted stock without consideration.」
During the interim consolidated accounting period, 67,500 shares issued as restricted stock were acquired without consideration, resulting in a change in the performance of the share-based compensation plan. - FY2026-H1Cancellation of restricted stock and gain on extinguishment of share-based compensation expenseAnnual report
「During the interim accounting period, we acquired 186,800 treasury shares issued as restricted stock without consideration.」
The Company acquired 186,800 treasury shares issued as restricted stock without consideration and recorded a ¥62.74 million gain on extinguishment of share-based compensation expense in the income statement. - FY2025AdvancedAnnual report
「i) The 3-year TSR of the Company’s shares as of the end of the fiscal year ending January 2027 (the 43rd fiscal year) must exceed the growth rate of the TOPIX, including dividends, over the same period (evaluation weighting: 90%). ii) As a sustainability-related metric, the percentage of women in management positions in the Company’s consolidated group must be at least 15.5% as of the end of the fiscal year ending January 2027 (the 43rd fiscal year) (evaluation weighting: 10%).」
For the performance-based component of restricted stock compensation, specific medium-term evaluation metrics were disclosed, with TSR weighted at 90% and the percentage of women in management positions at 10%. For short-term performance-linked compensation, the actual result was an operating loss of ¥2,259 million against a consolidated operating profit target of ¥500 million. - FY2025-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 April 2024, we resolved to issue new shares as restricted stock compensation, and the payment procedures were completed on 24 May 2024.」
For the restricted stock compensation plan, the payment procedures were completed on 24 May 2024, and 72,600 shares were issued to 7 directors and 83,500 shares to 5 executive officers, for a total of 156,100 shares. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 April 2023, we resolved to issue new shares as restricted stock compensation, and the payment procedures were completed on 26 May 2023.」
For the restricted stock compensation plan, the payment procedures were completed on 26 May 2023, and the plan proceeded to the implementation stage, with 78,100 shares issued to 7 directors and 94,900 shares to 5 executive officers, for a total of 173,000 shares. - FY2023RaisedAnnual report
「For the performance-based component of share-based compensation, total shareholder return (TSR) is used as a performance evaluation metric for performance-linked compensation in order to clarify the linkage between executive compensation and shareholder value.」
For restricted stock compensation, the service-based component was set at approximately 15% of base compensation and the performance-based component at approximately 50%, with TSR used as the evaluation metric for the performance-based component. - FY2022SoftenedAnnual report
「For the 39th fiscal year, based on the consolidated results for the Company’s 38th fiscal year and the status of the consolidated budget for the 39th fiscal year, among other factors, we decided to temporarily withhold the payment.」
Although the policy of improving medium- to long-term corporate and shareholder value and using performance-linked compensation remains in place, payment of share-based compensation for the 39th fiscal year was temporarily withheld. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 April 2021, we resolved to issue new shares as restricted stock compensation (the “New Share Issue”), and the payment procedures were completed on 25 May 2021.」
As restricted stock compensation, 151,300 shares were issued to 6 directors and 6 executive officers, for a total issue amount of ¥132,236,200, and the payment procedures were completed. - FY2021AdvancedAnnual report
「The target and actual figures for the current fiscal year were as follows: Performance measure; Target (¥ million); Actual (¥ million); Consolidated revenue; 13,000; 7,516; Consolidated operating profit; 580; △2,641」
For short-term performance-linked compensation, against targets of consolidated revenue of ¥13,000 million and consolidated operating profit of ¥580 million, actual results were revenue of ¥7,516 million and an operating loss of ¥2,641 million, respectively. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 April 2020, we resolved to issue new shares as restricted stock compensation (the “New Share Issue”), and the payment procedures were completed on 21 May 2020.」
For the restricted stock compensation plan, the payment procedures were completed on 21 May 2020, and the plan proceeded to the implementation stage, with 106,100 shares issued to 6 directors and 6 executive officers. - FY2020ReframedAnnual report
「We discontinued stock options structured as share-based compensation (stock acquisition rights) and decided not to make any further issuances. Restricted stock compensation consists of a service-based portion, which is not linked to performance and is granted subject to remaining employed for a specified period to motivate executives to improve the share price over the medium to long term and to promote retention, equivalent to 10% of base compensation, and a performance-based portion, linked to achievement of the medium-term plan and other targets, equivalent to 40% of base compensation.」
The equity component of executive compensation shifted from stock options to restricted stock compensation and was restructured into service-based and performance-based components. The performance-based component includes consolidated revenue of ¥15 billion and consolidated operating profit of ¥3 billion, with ROE of 5% and a relative TSR measure incorporated in subsequent plan designs. - FY2020-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 April 2019, we resolved to issue new shares as restricted stock compensation (the “New Share Issue”), and the payment procedures were completed on 16 May 2019.」
For the restricted stock compensation plan for directors and executive officers, the issuance of 82,500 new shares, with a total issue amount of ¥75,240,000, and the payment procedures were completed. - FY2019AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 March 2019, we resolved to introduce a new compensation plan, the Restricted Stock Compensation Plan (the “Plan”), for our directors and executive officers (the “Eligible Directors and Officers”), with the aim of providing incentives for the sustainable improvement of corporate value and sharing shareholder value with our directors.」
Regarding the executive compensation policy focused on improving medium- to long-term corporate and shareholder value, the Company introduced a restricted stock compensation plan for directors and executive officers, with an annual amount of up to ¥200 million and a transfer restriction period of 3 to 30 years. - FY2018RestatedAnnual report
「Our basic policy for executive compensation is to increase executives’ motivation to contribute to improving medium- to long-term performance and the share price, while enhancing corporate value on an ongoing basis, and to increase the fairness and objectivity of the compensation-setting process.」
The executive compensation policy focused on medium- to long-term improvements in performance and the share price, as well as fairness and objectivity in the compensation-setting process, remains in place. - FY2018-Q2AdvancedAnnual report
「The stock acquisition rights issued during the second quarter accounting period were as follows: Third Series Stock Options Structured as Share-Based Compensation」
For the stock options structured as share-based compensation for directors approved in the previous quarter, 60 Third Series stock acquisition rights were issued, representing 6,000 underlying shares. - FY2018-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 May 2017, we resolved, pursuant to Articles 236, 238 and 240 of the Companies Act, to issue stock acquisition rights to our directors, excluding outside directors, as stock options structured as share-based compensation.」
Regarding the executive compensation policy aimed at increasing motivation to contribute to improving medium- to long-term performance and corporate value, the Company resolved to issue 60 stock acquisition rights to 3 directors and has proceeded to the stage of implementing the specific plan. - FY2017First statedAnnual report
「Our basic policy for executive compensation is to increase executives’ motivation to contribute to improving medium- to long-term performance and the share price, while enhancing corporate value on an ongoing basis, and to increase the fairness and objectivity of the compensation-setting process.」
The disclosed executive compensation policy combines base compensation, performance-linked compensation, cash compensation and stock option compensation.