Performance-Linked Share-Based Compensation Based on a 3-Fiscal-Year Evaluation
First written in FY2021. 4 of 11 entries say "Restated". Latest entry: 2026-10-05.
The whole theme swung hardest in 2023: 6 of 39 companies on the "Worse" side.
31 other companies' latest entry also says "Advanced".
- 2026-10-05AdvancedGeneral Meetings of Shareholders
「新株予約権の数 40個」
第5回新株予約権40個（目的となる株式40,000株）が当事業年度中に交付されたことを記載しており、業績連動型株式報酬・ストックオプションの枠組みに追加の具体的進展が示されている。 - FY2026-H1AdvancedAnnual report
「Resolution of the Extraordinary Board of Directors meeting dated 24 October 2025 (Fourth Series of Subscription Rights to Shares)」 「Class, details and number of shares underlying the subscription rights (shares) Common shares 476,000」 「Exercise period for the subscription rights From 25 October 2030 to 24 October 2035」
Under the framework for performance-linked share-based compensation and stock options, the company issued 476,000 shares under the Fourth Series of Subscription Rights to Shares to 5 directors and 8 employees. The exercise period runs from 25 October 2030 through 24 October 2035. - FY2025ReframedAnnual report
「At this shareholders’ meeting, the company plans to seek shareholders’ approval to grant eligible directors stock options in the form of subscription rights to shares, within an annual limit of ¥150 million, separately from the compensation amount for those directors.」
The company has proposed revising its compensation system, subject to approval at the shareholders’ meeting, to grant stock-option subscription rights of up to ¥150 million annually in addition to the existing performance-linked share-based compensation. - FY2024ReframedAnnual report
「The performance indicator is consolidated operating profit, measured by either its growth rate or profit amount. The target performance indicator and its target value are set when the medium-term management plan is formulated so that they are consistent with that plan.」
The company has moved from the previous plan with an assessment period from August 2022 through July 2024 to a compensation policy using the growth rate or profit amount of consolidated operating profit as the performance indicator and aligning it with the medium-term management plan. At the shareholders’ meeting held on 25 October 2024, the company resolved to introduce a new plan with a total delivery limit of 100,000 shares. - FY2024-Q3Reduction in share-based compensation expense following a reassessment of performance achievementAnnual report
「During the cumulative third quarter of the current consolidated fiscal year, the company recorded negative ¥69 million as share-based compensation expense following a reassessment of the achievement rate and other factors for performance during the assessment period.」
The plan itself, with an assessment period from August 2022 through July 2024 and a delivery range of 0% to 200%, continues, but share-based compensation expense was recorded as a negative amount following a reassessment of performance achievement and other factors. - FY2024-Q2RestatedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 24 October 2022, the company has adopted a post-delivery performance-linked share-based compensation plan, the Performance Share Unit Plan. The assessment period runs from August 2022 through July 2024, and directors other than outside directors and employees are eligible to receive monetary compensation claims as performance-based compensation, for the purpose of delivering the company’s common shares in an amount determined according to the achievement of predetermined performance targets.」
The company continues the framework of the plan, including the assessment period from August 2022 through July 2024. The baseline delivery is 115,435 shares, and a share-based compensation expense of negative ¥69 million was recorded following a reassessment of the achievement rate and other factors. - FY2024-Q1RestatedAnnual report
「The company has adopted a post-delivery performance-linked share-based compensation plan, the Performance Share Unit Plan, using August 2022 through July 2024 as the assessment period and covering directors other than outside directors and employees. Under the plan, monetary compensation claims are delivered as performance-based compensation for the purpose of delivering the company’s common shares in an amount determined according to the achievement of predetermined performance targets. The baseline number of shares to be delivered is 108,909, and the final number is calculated by multiplying this figure by the performance-target achievement level and other factors, calculated within a range of 0% to 200% based on the achievement rate for numerical performance targets and other criteria during the assessment period.」
The company continues the framework of the plan, with an assessment period from August 2022 through July 2024 and a calculation range of 0% to 200% based on performance-target achievement. - FY2023-Q3RestatedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 24 October 2022, the company has adopted a post-delivery performance-linked share-based compensation plan, the Performance Share Unit Plan. Under the plan, the assessment period runs from August 2022 through July 2024, and directors other than outside directors and employees are eligible to receive monetary compensation claims as performance-based compensation, for the purpose of delivering the company’s common shares in an amount determined according to the achievement of predetermined performance targets. The baseline number of shares to be delivered is 122,573, and the final number is calculated by multiplying this figure by the performance-target achievement level and other factors, calculated within a range of 0% to 200% based on the achievement rate for numerical performance targets and other criteria during the assessment period.」
The company continues the framework of the plan, including the assessment period and the 0% to 200% calculation range. The disclosed baseline delivery is 122,573 shares, but no new changes to the plan itself were indicated. - FY2023-Q2RestatedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 24 October 2022, the company has adopted a post-delivery performance-linked share-based compensation plan, the Performance Share Unit Plan. Under the plan, the assessment period runs from August 2022 through July 2024, and directors other than outside directors and employees are eligible to receive monetary compensation claims as performance-based compensation, for the purpose of delivering the company’s common shares in an amount determined according to the achievement of predetermined performance targets. The baseline number of shares to be delivered is 123,805, and the final number is calculated by multiplying this figure by the performance-target achievement level and other factors, calculated within a range of 0% to 200% based on the achievement rate for numerical performance targets and other criteria during the assessment period. Accordingly, the company recorded ¥39 million as an expense for the provision for share-based compensation during the cumulative second quarter of the current consolidated fiscal year.」
The company continues the performance-linked share-based compensation plan, including the assessment period and the 0% to 200% calculation range. It disclosed a baseline delivery of 123,805 shares and ¥39 million in expense for the provision for share-based compensation during the cumulative second quarter, but no new changes to the framework itself were indicated. - FY2023-Q1AdvancedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 24 October 2022, the company has adopted a post-delivery performance-linked share-based compensation plan, the Performance Share Unit Plan. Under the plan, the assessment period runs from August 2022 through July 2024, and directors other than outside directors and employees are eligible to receive monetary compensation claims as performance-based compensation, for the purpose of delivering the company’s common shares in an amount determined according to the achievement of predetermined performance targets. The baseline number of shares to be delivered is 123,389, and the final number is calculated by multiplying this figure by the performance-target achievement level and other factors, calculated within a range of 0% to 200% based on the achievement rate for numerical performance targets and other criteria during the assessment period.」
Under the previous performance-linked share-based compensation policy, the company adopted a specific plan with an assessment period from August 2022 through July 2024, a baseline delivery of 123,389 shares, and a final delivery range of 0% to 200%, and has recorded share-based compensation expenses of ¥21 million from the current quarter. - FY2021First statedAnnual report
「The company establishes multiple performance indicators in advance, using the 3 fiscal years including the year subject to payment as the assessment period. After the assessment period ends, the payout ratio is calculated according to the achievement rate for each indicator, and the number of shares is increased or decreased based on that payout ratio before the company’s common shares are delivered to each eligible recipient. The performance indicators are the compound annual growth rates (CAGR) of consolidated revenue and consolidated operating profit, with performance-linked share-based compensation set at approximately 40% compared with 60% for base compensation.」
The company has introduced a share-based compensation plan linked to the CAGR of revenue and operating profit over a 3-fiscal-year assessment period, with base compensation and share-based compensation targeted at 60% and 40%, respectively.