Performance-Linked Stock Compensation Plan
First written in FY2016. 9 of 16 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
77 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The FY2026 targets for performance-linked stock compensation are matters to be approved at the Board of Directors meeting scheduled for 23 June 2026 and are set as targets based on the medium-term management plan, as follows. KPI: Target (¥ million); Consolidated revenue: 120,000; Consolidated core operating profit: 12,000」
For performance-linked stock compensation, FY2026 targets of ¥120,000 million for revenue and ¥12,000 million for core operating profit were presented as KPIs based on the medium-term management plan. The mechanism under which the performance-linked coefficient varies from 0 to 1.2 according to achievement, including ROE, also remains in place. - FY2026-H1AdvancedAnnual report
「In the previous fiscal year's Annual Securities Report, under “Part I. Corporate Information, Item 4. Status of the Filing Company, 4. Corporate Governance, etc., (4) Executive Compensation, ④ Method of Calculating the Amount of Performance-Linked Compensation, etc.,” the 2025 target values for performance-linked stock compensation had not been approved as of the filing date of the Annual Securities Report. As they were approved at the Board of Directors meeting held on 24 June 2025, the method of calculating the amount of performance-linked compensation, etc. is provided again in this semiannual report. KPI: Target (¥ million); Consolidated revenue: 115,000; Consolidated core operating profit: 8,200」
Following approval by the Board of Directors of the FY2025 targets for performance-linked stock compensation, annual KPIs of ¥115,000 million for revenue and ¥8,200 million for core operating profit were disclosed. - FY2025AdvancedAnnual report
「The mechanism determines the result based on the achievement level of the financial targets in the medium- to long-term management plan through the fiscal year ending March 2027, including consolidated revenue, consolidated core operating profit and consolidated ROE. The performance-linked coefficient varies from 0 to 1.2, based on 1.0 when the achievement rate is 100%.」
For stock compensation, achievement of CV-1 revenue, core operating profit and ROE is used as the evaluation metric, with the coefficient varying from 0 to 1.2 according to the achievement rate. - FY2024AdvancedAnnual report
「Following the end of the applicable period of the BIP trust introduced in FY2017 at the end of August 2023, a new stock compensation plan covering the 4 years of Stage 1 of the medium- to long-term management plan “Creating New Value for the Future” has continued, covering the 4 fiscal years from the fiscal year ending 31 March 2024 through the fiscal year ending 31 March 2027.」
After the applicable period of the former BIP trust ended, the Company transitioned to a new plan covering the 4 fiscal years of CV-1 and disclosed that the annual limit for directors is ¥60 million and 56,700 shares per fiscal year. - FY2023AdvancedAnnual report
「Because the BIP trust introduced in FY2017 ended its applicable period at the end of August 2023, the performance-linked stock compensation plan was reviewed. In line with the new medium- to long-term management plan, the plan will continue through 31 March 2027 and will be partially amended.」
The existing BIP trust will continue through 31 March 2027 and has been amended into a plan linked to CV-1. The annual limits are ¥60 million and 56,700 shares for directors, and ¥30 million and 28,300 shares for executive officers. - FY2022AdvancedAnnual report
「The Company has introduced performance-linked compensation, comprising cash and stock compensation, based on net income attributable to owners of the parent, with the aim of raising awareness of contributions to performance and corporate value.」
Net income attributable to owners of the parent is used as the performance-linked compensation metric, and the calculation criteria for profit-linked compensation and stock compensation delivered upon leaving office have been disclosed in detail. - FY2021AdvancedAnnual report
「Because the plan involves the delivery or other transfer of shares, it has no exercise price. The initial trust is intended to cover the 7 fiscal years from the fiscal year ending March 2017 through the fiscal year ending March 2023.」
The applicable period for the Executive Compensation BIP Trust was confirmed. A total of 26,497 points were granted during the fiscal year, the balance at fiscal year-end was 95,161 points, and plan expenses were ¥27 million. - FY2020-Q3RestatedAnnual report
「259,900 of the Company's shares held by the Executive Compensation BIP Trust (2,599 voting rights)」
The Executive Compensation BIP Trust's holdings of 259,900 shares as of 30 September 2019 were reconfirmed. No discontinuation or change to the program was reported. - FY2020-Q2RestatedAnnual report
「The shares owned by the Employee Stock Ownership ESOP Trust and the Executive Compensation BIP Trust, 137 thousand and 259 thousand of the Company's shares, respectively, are not included in the shares owned by The Master Trust Bank of Japan, Ltd. (Trust Account).」
The Executive Compensation BIP Trust's holdings as of 30 September 2019 were disclosed as 259 thousand shares. No discontinuation or change to the program was reported. - FY2019-Q2RestatedAnnual report
「The shares owned by the Employee Stock Ownership ESOP Trust and the Executive Compensation BIP Trust, 235 thousand and 263 thousand of the Company's shares, respectively, are not included in the shares owned by The Master Trust Bank of Japan, Ltd. (Trust Account).」
As of 30 September 2018, the Executive Compensation BIP Trust's holdings were reported as 263 thousand shares. No discontinuation or change to the program was reported. - FY2018-Q2RestatedAnnual report
「The shares owned by the Employee Stock Ownership ESOP Trust and the Executive Compensation BIP Trust, 314 thousand and 276 thousand of the Company's shares, respectively, are not included in the shares owned by The Master Trust Bank of Japan, Ltd. (Trust Account).」
The Executive Compensation BIP Trust's holdings were reported as 276 thousand shares. No discontinuation or change to the program was reported. - FY2017RestatedAnnual report
「At the end of the current consolidated fiscal year, the carrying value and number of the shares were ¥283 million and 283 thousand shares, respectively.」
For the Executive Compensation BIP Trust, the remaining shares at the end of the fiscal year were reported as 283 thousand shares with a carrying value of ¥283 million, reconfirming the program's operating status. - FY2017-Q3RestatedAnnual report
「From the second quarter of the current fiscal year, the Company has introduced the Executive Compensation BIP Trust as a performance-linked stock compensation plan for directors, excluding directors who are not executive directors and directors residing overseas, and executive officers. The plan is intended to more clearly link executive compensation to the value of the Company's shares and to raise awareness of the contribution to improving medium- to long-term performance and increasing corporate value.」
The Company has introduced the Executive Compensation BIP Trust from the second quarter of the current fiscal year, and its purpose has been reiterated. - FY2017-Q2AdvancedAnnual report
「Under this performance-linked stock compensation plan, the Company contributes funds to a trust, which uses the funds to acquire the Company's shares and delivers the shares to the Company's directors and other executives according to the level of performance achieved. In principle, the shares are delivered when the directors and other executives leave office.」
The operation of the Executive Compensation BIP Trust is described, including the trust's acquisition of shares, delivery based on performance achievement and delivery upon leaving office. - FY2017-Q1AdvancedAnnual report
「At this year's General Meeting of Shareholders, resolutions were approved to transition to a company with an audit and supervisory committee and to introduce a performance-linked stock compensation plan for executives, among other measures, in order to further strengthen audit and supervisory functions and establish a framework for improving medium- to long-term performance and corporate value.」
The introduction of a performance-linked stock compensation plan for executives was approved at the General Meeting of Shareholders. - FY2016First statedAnnual report
「The Company is introducing this plan to more clearly link director and other executive compensation to the value of the Company's shares and to raise awareness of the contribution to improving medium- to long-term performance and increasing corporate value.」
The plan uses a BIP trust, covers the 7 fiscal years from the fiscal year ending March 2017 through the fiscal year ending March 2023, and has a maximum of 1,134,000 shares.