Introduction of a Restricted Stock Compensation Plan
First written in FY2023. 2 of 4 entries say "Advanced", first in FY2024-Q1. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「Other (disposal of treasury shares as restricted stock compensation) 3,538」
The company disposed of 3,538 treasury shares under the restricted stock compensation plan in fiscal 2025, continuing its operation. - FY2024RestatedAnnual report
「The number of shares granted to full-time directors is calculated by dividing the reference amount of restricted stock compensation, calculated based on the basic compensation amount, by the closing price of the company’s common shares on the business day preceding the allocation resolution by the Board of Directors, subject to an annual limit of 300,000 shares.」
The company continues to operate the restricted stock compensation framework, including the annual limit of 300,000 shares and linkage with shareholder value. - FY2024-Q1AdvancedAnnual report
「The payment procedures for the disposal of treasury shares as restricted stock compensation, resolved at the Board of Directors meeting held on 28 March 2024, were completed on 26 April 2024. The details of the disposal of treasury shares are as follows.」
Payment procedures for the disposal of 87,749 treasury shares to 7 eligible recipients were completed on 26 April 2024, marking the first implementation of the plan. - FY2023First statedAnnual report
「At the 17th Annual General Meeting of Shareholders held on 28 March 2024, approval was obtained to pay eligible directors monetary claims of up to ¥300 million per year as compensation to be contributed for the acquisition of restricted shares, and to issue or dispose of up to 300,000 common shares per year, with a transfer restriction period to be set by the Board of Directors between 3 and 5 years.」
The plan was introduced to incentivize sustained increases in corporate value and align directors’ interests with shareholders, with an annual limit of ¥300 million, 300,000 shares and a restriction period of 3 to 5 years.