Discontinuation of Directors’ Retirement Bonus System and Introduction of Performance-Linked Share-Based Compensation Plan
First written in FY2019. 6 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「This plan covers a total of 6 fiscal years, comprising fiscal 2025, the period for establishing the foundations of the medium-term management plan, and the medium-term management plan period from fiscal 2026 through fiscal 2030, and provides for the delivery of the company's shares and other instruments based on position and the degree of achievement of performance targets.」
The performance-based stock compensation plan covering a total of 6 fiscal years in line with VISION2030, presented as an expansion proposal for FY2025, was disclosed as an actual plan, and the shares held by the trust also increased to 333,985 shares. - FY2025RaisedAnnual report
「This plan covers a total of 6 fiscal years, comprising fiscal 2025, the period for establishing the foundations of the medium-term management plan, and the medium-term management plan period from fiscal 2026 through fiscal 2030, and provides for the delivery of the company's shares and other instruments based on position and the degree of achievement of performance targets. The annual limit on the number of shares granted to each director is 55,000 shares, for a total of 330,000 shares during the initial coverage period.」
A proposal has been submitted to expand the coverage period of the performance-based stock compensation plan from the previous 3 consolidated fiscal years to a total of 6 fiscal years, comprising fiscal 2025 and fiscal 2026 through fiscal 2030. - FY2024SoftenedAnnual report
「The target for the metric related to the performance-based stock compensation for the fiscal year was consolidated operating profit of ¥17,500 million, compared with actual consolidated operating profit of ¥23,364 million.」
The consolidated operating profit target under the performance-based stock compensation plan was updated from ¥18,300 million to ¥17,500 million, and actual results were updated from ¥28,669 million to ¥23,364 million. - FY2023AdvancedAnnual report
「The target for the metric related to the performance-based stock compensation for the fiscal year was consolidated operating profit of ¥18,300 million, compared with actual consolidated operating profit of ¥28,669 million.」
Under the performance-based stock compensation plan covering the fiscal years ending March 2023 through March 2025, actual consolidated operating profit was ¥28,669 million against a target of ¥18,300 million. - FY2022-Q3RestatedAnnual report
「The company has introduced an executive compensation BIP trust and accounts for the company's shares held by the trust as treasury shares.」
The company has continued the performance-based stock compensation plan and the accounting treatment of shares held by the trust as treasury shares. - FY2022-Q2RestatedAnnual report
「The company has introduced an executive compensation BIP trust and accounts for the company's shares held by the trust as treasury shares.」
The company has continued the performance-based stock compensation plan and the accounting treatment of shares held by the trust as treasury shares. - FY2022-Q1RestatedAnnual report
「The company has introduced an executive compensation BIP trust and accounts for the company's shares held by the trust as treasury shares.」
The company has continued the performance-based stock compensation plan and the accounting treatment of shares held by the trust as treasury shares. - FY2021AdvancedAnnual report
「The target for the metric related to the performance-based stock compensation for the fiscal year was consolidated operating profit of ¥10,000 million, compared with actual consolidated operating profit of ¥15,503 million.」
The company disclosed that consolidated operating profit under the performance-based stock compensation plan was ¥15,503 million, against a target of ¥1,000 million. - FY2021-Q2RestatedAnnual report
「The company has introduced an executive compensation BIP trust and accounts for the company's shares held by the trust as treasury shares.」
The company has continued the performance-based stock compensation plan and the accounting treatment of shares held by the trust as treasury shares. - FY2021-Q1RestatedAnnual report
「The company has introduced an executive compensation BIP trust and accounts for the company's shares held by the trust as treasury shares.」
The company has continued the performance-based stock compensation plan and the accounting treatment of shares held by the trust as treasury shares. - FY2020-Q3RestatedAnnual report
「From the current third-quarter cumulative consolidated accounting period, the company has introduced a performance-based stock compensation plan through an executive compensation BIP trust for directors, excluding part-time directors, outside directors and directors residing outside Japan, to clarify the linkage between directors' compensation and the company's performance and shareholder value, and to heighten directors' awareness of their contribution to improving the company's medium- to long-term performance and increasing corporate value.」
The company has continued to disclose the introduction of the performance-based stock compensation plan, with the trust holding 31,800 shares at a carrying amount of ¥149 million. - FY2020-Q2AchievedAnnual report
「From the current second quarter consolidated accounting period, the company has introduced a performance-based stock compensation plan through an executive compensation BIP trust for directors, excluding part-time directors, outside directors and directors residing outside Japan, to clarify the linkage between directors' compensation and the company's performance and shareholder value, and to heighten directors' awareness of their contribution to improving the company's medium- to long-term performance and increasing corporate value.」
The performance-based stock compensation plan was actually introduced from the second quarter. The plan covers the 3 consolidated fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2022, and at the end of the period the trust held 31,800 shares with a carrying amount of ¥149 million. - FY2020-Q1AchievedAnnual report
「At the annual general meeting of shareholders held on 25 June 2019, the company resolved to make lump-sum payments in connection with the discontinuation of the directors' retirement benefit program. Accordingly, the provision for directors' retirement benefits was reversed, and the unpaid amount of ¥176 million resulting from the lump-sum payments is included in "Other" under non-current liabilities.」
At the annual general meeting of shareholders, the company resolved to make lump-sum payments in connection with the discontinuation of the directors' retirement benefit program and reversed the provision for directors' retirement benefits. - FY2019First statedAnnual report
「The company will introduce this plan for directors, excluding part-time directors, outside directors and directors residing outside Japan, to clarify the linkage between directors' compensation and the company's performance and shareholder value, and to heighten directors' awareness of their contribution to improving the company's medium- to long-term performance and increasing corporate value.」
The company announced its policy of discontinuing the directors' retirement benefit program and introducing a performance-based stock compensation plan covering the 3 consolidated fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2022. The trust is expected to have a maximum funding amount of ¥160 million.