Performance-linked share compensation plan
First written in FY2016. 15 of 25 entries say "Restated". Latest entry: FY2026.
24 other companies' latest entry also says "Other".
- FY2026Failure to meet the consolidated operating income targetAnnual report
「The target for the indicator selected as the basis for determining the amount of performance-linked compensation and other compensation (bonuses) for the fiscal year was consolidated operating income of ¥1.1 billion for the fiscal year ending March 2026, while the result was consolidated operating income of ¥322 million.」
Actual results for the fiscal year ending March 2026 were ¥322 million against the consolidated operating income target of ¥1.1 billion. - FY2025Failure to achieve the performance-linked compensation targetAnnual report
「The target for the indicator selected as the basis for determining the amount of performance-linked compensation and other compensation (bonuses) for the fiscal year was consolidated operating income of ¥2.4 billion for the fiscal year ending March 2025, while the result was consolidated operating income of ¥990 million.」
Actual results for the fiscal year ending March 2025 were ¥990 million against the consolidated operating income target of ¥2.4 billion. For the share grant plan, actual consolidated ordinary income was ¥2.242 billion against the ¥4.2 billion target in the 2021 medium-term management plan. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 August 2024, the Company resolved to continue its BIP trust and ESOP trust, introduced in August 2015 to encourage the achievement of improved medium- to long-term performance and contributions to increasing shareholder value, with a new performance period covering 3 fiscal years, from the fiscal year ending 31 March 2025 through the fiscal year ending 31 March 2027. The trusts were reintroduced through the execution of agreements extending their terms.」
The performance-linked BIP trust and ESOP trust were continued and reintroduced with a new performance period covering 3 fiscal years, from the fiscal year ending March 2025 through the fiscal year ending March 2027. - FY2024-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 11 August 2021, the Company resolved to continue its BIP trust and ESOP trust, introduced in August 2015 to encourage the achievement of improved medium- to long-term performance and contributions to increasing shareholder value, with a new performance period covering 3 fiscal years, from the fiscal year ending 31 March 2022 through the fiscal year ending 31 March 2024. The trusts were reintroduced through the execution of agreements extending their terms.」
The Company continues to use the performance-linked BIP trust and ESOP trust for a performance period covering 3 fiscal years, from the fiscal year ending March 2022 through the fiscal year ending March 2024. - FY2023Failure to meet the consolidated operating income targetAnnual report
「The target for the indicator selected as the basis for determining the amount of performance-linked compensation and other compensation (bonuses) for the fiscal year was consolidated operating income of ¥1.65 billion for the fiscal year ending March 2023, while the result was a consolidated operating loss of ¥228 million.」
Actual results for the fiscal year ending March 2023 were an operating loss of ¥228 million against the consolidated operating income target of ¥1.65 billion. - FY2022Failure to meet the consolidated operating income targetAnnual report
「Actual consolidated operating income was ¥1,228 million against the ¥2.5 billion consolidated operating income target for directors’ compensation (bonuses).」
The actual consolidated operating income was ¥1,228 million against the ¥2.5 billion target for performance-linked compensation. - FY2022-Q3ReframedAnnual report
「At a meeting of the Board of Directors held on 11 August 2021, the Company resolved to continue its BIP trust and ESOP trust, introduced in August 2015 to encourage the achievement of improved medium- to long-term performance and contributions to increasing shareholder value, with a new performance period covering 3 fiscal years, from the fiscal year ending 31 March 2022 through the fiscal year ending 31 March 2024. The trusts were reintroduced through the execution of agreements extending their terms.」
The performance-linked BIP trust and ESOP trust were reintroduced for a performance period covering 3 fiscal years, from the fiscal year ending March 2022 through the fiscal year ending March 2024. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 July 2021, the Company resolved to continue its BIP trust and ESOP trust, introduced in August 2015 to encourage the achievement of improved medium- to long-term performance and contributions to increasing shareholder value, with a new three-year performance period from 29 July 2021 to 31 August 2024. The trusts were reintroduced through the execution of agreements extending their terms.」
The executive compensation BIP trust and ESOP trust were continued and reintroduced with a new three-year performance period from 29 July 2021 to 31 August 2024. - FY2021ReframedAnnual report
「For fiscal 2021 and thereafter, the target values are consolidated ordinary income, which indicates the Group’s medium- to long-term earning power, and the rate of change in market capitalization, which indicates the market value of the Company, including its scale, in terms of its linkage to shareholder returns. The number of Company shares to be calculated and delivered based on the officer’s position, the degree to which the target values are achieved and other factors is capped at 200 thousand shares for a three-fiscal-year performance period, with delivery to take place when the Company’s directors retire.」
For share-based compensation from fiscal 2021 onward, consolidated ordinary income and the rate of change in market capitalization were added as targets, with the number of shares deliverable capped at 200 thousand and the performance period set at 3 fiscal years. - FY2021-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 9 August 2018, the Company resolved to continue its BIP trust and ESOP trust, introduced in August 2015 to encourage the achievement of improved medium- to long-term performance and contributions to increasing shareholder value, with a new three-year performance period from 9 August 2018 to 31 August 2021. The trusts were reintroduced through the execution of agreements extending their terms.」
The plan design for continuing the performance-linked BIP trust and ESOP trust through 31 August 2021 has been reaffirmed. - FY2021-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 August 2018, the Company resolved to continue its BIP trust and ESOP trust, introduced in August 2015 to encourage the achievement of improved medium- to long-term performance and contributions to increasing shareholder value, with a new three-year performance period from 9 August 2018 to 31 August 2021. The trusts were reintroduced through the execution of agreements extending their terms.」
The plan design for continuing the performance-linked BIP trust and ESOP trust through 31 August 2021 has been reaffirmed. - FY2020-Q2RestatedAnnual report
「At a meeting of the Board of Directors held on 9 August 2018, the Company resolved to continue its BIP trust and ESOP trust, introduced in August 2015 to encourage the achievement of improved medium- to long-term performance and contributions to increasing shareholder value, with a new three-year performance period from 9 August 2018 to 31 August 2021. The trusts were reintroduced through the execution of agreements extending their terms.」
The plan design for continuing the performance-linked BIP trust and ESOP trust through 31 August 2021 has been reaffirmed. - FY2019RestatedAnnual report
「At a meeting of the Board of Directors held on 9 August 2018, the Company resolved to extend the term of the plan through 31 August 2021 and make an additional cash contribution to the plan.」
The plan design for continuing the BIP trust and ESOP trust through 31 August 2021 has been confirmed. - FY2019-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 August 2018, the Company resolved to continue its BIP trust and ESOP trust, introduced in August 2015 to encourage the achievement of improved medium- to long-term performance and contributions to increasing shareholder value, with a new three-year performance period from 9 August 2018 to 31 August 2021. The trusts were reintroduced through the execution of agreements extending their terms.」
The executive compensation BIP trust and ESOP trust were continued and reintroduced with a new three-year performance period from 9 August 2018 to 31 August 2021. - FY2019-Q2RestatedAnnual report
「Under the “2018 Medium-Term Management Plan,” the Company has clarified the responsibility structure for each business and conducts its operations accordingly, while also introducing a performance-linked executive compensation plan to enable transparent, fair, prompt and decisive decision-making.」
The Company continues to use an executive compensation plan linked to the achievement of the targets of the 2018 medium-term management plan and medium- to long-term improvements in performance. - FY2019-Q1RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The Company continues to use an executive compensation plan linked to the achievement of the targets of the 2018 medium-term management plan and medium- to long-term improvements in performance. - FY2018RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The Company continues to use an executive compensation plan linked to the achievement of the medium-term management plan targets and improvements in performance. - FY2018-Q3RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The Company continues to use an executive compensation plan linked to the achievement of the medium-term management plan targets and medium- to long-term improvements in performance. - FY2018-Q2RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The Company continues to use an executive compensation plan linked to the achievement of the medium-term management plan targets and medium- to long-term improvements in performance. - FY2018-Q1RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The Company continues to use an executive compensation plan linked to the achievement of the medium-term management plan targets and medium- to long-term improvements in performance. - FY2017RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The Company continues to use an executive compensation plan linked to the achievement of the medium-term management plan targets and medium- to long-term improvements in performance. - FY2017-Q3RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The Company has reaffirmed an executive compensation plan linked to the achievement of the medium-term management plan targets and medium- to long-term improvements in performance. - FY2017-Q2RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The Company continues to use an executive compensation plan linked to the achievement of the medium-term management plan targets. - FY2017-Q1RestatedAnnual report
「The Company has introduced a performance-linked executive compensation plan.」
The performance-linked executive compensation plan for achieving the targets of the medium-term management plan has been reiterated. - FY2016First statedAnnual report
「This is an incentive plan for directors and other officers under which the Company’s shares acquired through the plan are delivered to directors and other officers based on their positions, the degree to which performance targets are achieved and other factors. Consolidated net sales and consolidated ordinary income set out for each fiscal year and in the medium-term management plan are used as performance indicators.」
A BIP trust and an ESOP trust have been introduced, using consolidated net sales and consolidated ordinary income as performance indicators.