Enhancing Corporate Value and Sharing Value with Shareholders through the Introduction of a Restricted Stock Compensation System for Directors
First written in FY2021-Q1. 6 of 13 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-06-25.
The whole theme swung hardest in 2024: 3 of 32 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- 2026-06-25AdvancedShare Issuance and Disposal
「As the evaluation period for this disposal of treasury shares has now ended, we resolved, based on a resolution of the Board of Directors held today, to grant a total of 33,588 shares of our common stock to 5 eligible directors as consideration for the performance of their duties as directors, based on their performance results during the evaluation period. These shares are hereinafter referred to as the “Allocated Shares.”」
Under the post-delivery performance-linked share compensation plan, the evaluation period from 1 April 2025 to 31 March 2026 ended, and the company proceeded to resolve the grant of 33,588 shares to 5 eligible directors based on performance results. The canonical thread itself has not changed. - FY2026AdvancedAnnual report
「The sustainability metrics, targets and actual results for the fiscal year relating to performance-based compensation and other compensation are as shown in the table below. Employee engagement received a rating of CCC, CO2 emissions were 36,703t, and the sales ratio of products that reduce environmental impact was 18.0%.」
The Company disclosed its fiscal 2025 actual results under the plan incorporating employee engagement, CO2 reduction and the sales ratio of products that reduce environmental impact into executive bonuses. - FY2026-H1AdvancedAnnual report
「Based on a resolution of the Company's Board of Directors made on 26 June 2025, the Company disposed of 29,882 treasury shares as restricted stock compensation, effective 25 July of the same year.」
As part of the operation of the stock compensation plan for directors, the Company disposed of 29,882 treasury shares effective 25 July 2025. - FY2025RaisedAnnual report
「To achieve the sustainable development of the Group and enhance corporate value, the Company decided to add sustainability metrics to the performance indicators for bonuses, in addition to consolidated ordinary profit.」
From fiscal 2025, the performance assessment for executive bonuses was expanded beyond consolidated ordinary profit to include employee engagement, CO2 reduction and the sales ratio of products that reduce environmental impact. The targets for fiscal 2025 were an employee engagement rating of CCC, CO2 emissions of 40,927t and an environmental-impact-reducing product sales ratio of 20.9%. - FY2025-H1AdvancedAnnual report
「Based on a resolution of the Company's Board of Directors made on 27 June 2024, the Company disposed of 40,484 treasury shares as restricted stock compensation, effective 26 July of the same year.」
Even after announcing the revision from the restricted stock compensation plan to the performance share unit plan, the Company disposed of 40,484 treasury shares as restricted stock compensation during the interim consolidated accounting period. - FY2024ReframedAnnual report
「At a meeting of its Board of Directors held on 11 May 2023, the Company again revised its executive compensation plan, resolving to abolish the restricted stock compensation plan and introduce a performance share unit plan, under which shares are delivered after the relevant performance period. Proposals related to the plan were approved at the 189th Annual General Meeting of Shareholders held on 29 June 2023.」
The compensation plan was changed from restricted stock compensation to a performance share unit plan under which shares are delivered based on the achievement level of consolidated ordinary profit. - FY2023-Q1AdvancedAnnual report
「At a meeting of its Board of Directors held on 29 June 2022, the Company resolved to dispose of treasury shares as restricted stock compensation for directors, including directors who are Audit and Supervisory Committee members but excluding outside directors, and carried out the disposal of treasury shares as described below.」
The Company proceeded with the disposal of 5,919 common shares, with a total value of ¥21,485,970, to 6 directors as restricted stock compensation, with payment made on 29 July 2022. - FY2022RaisedAnnual report
「At a meeting of its Board of Directors held on 4 November 2021, the Company resolved to revise its executive compensation plan, adding a consolidated ordinary profit performance criterion to the existing non-consolidated ordinary profit performance criterion, combining the two criteria, and treating bonuses and stock compensation together as variable compensation, effective 1 April 2022.」
The Company resolved to expand the plan by adding a consolidated ordinary profit criterion to the existing non-consolidated ordinary profit criterion and combining bonuses and stock compensation into variable compensation, with the revisions taking effect on 1 April 2022. - FY2022-Q1AdvancedAnnual report
「At a meeting of its Board of Directors held on 29 June 2021, the Company resolved to dispose of treasury shares as restricted stock compensation for directors, including directors who are Audit and Supervisory Committee members but excluding outside directors, and carried out the disposal of treasury shares as described below.」
The Company disposed of 4,749 treasury shares with a total value of ¥18,236,160 as restricted stock compensation on 29 July 2021. The operation of the stock compensation plan continues to be implemented in specific form. - FY2021RestatedAnnual report
「The Company abolished its retirement bonus plan upon the conclusion of the 186th Annual General Meeting of Shareholders held on 26 June 2020. In connection with this, retirement bonuses corresponding to the directors' periods of service through the abolition of the plan will be paid as a lump-sum termination payment.」
The compensation reform involving the abolition of the retirement bonus plan and the transition to a stock compensation plan has been reconfirmed. During the fiscal year, 8,169 restricted shares were disposed of. - FY2021-Q3RestatedAnnual report
「The Company also abolished retirement bonuses for directors and introduced a stock compensation plan.」
The abolition of retirement bonuses and the implementation of the stock compensation plan have been reconfirmed. - FY2021-Q2AchievedAnnual report
「The Company also abolished retirement bonuses for directors and introduced a stock compensation plan.」
The Company reconfirms that the stock compensation plan previously announced as a policy has been introduced along with the abolition of retirement bonuses. - FY2021-Q1First statedAnnual report
「At a meeting of its Board of Directors held on 14 May 2020, the Company resolved to introduce a restricted stock compensation plan for its directors as a new compensation plan, with the aim of providing incentives for the sustainable enhancement of corporate value and promoting greater value sharing with shareholders.」
The Company first stated its policy of abolishing retirement bonuses and introducing a stock compensation plan. At the 26 June 2020 Annual General Meeting of Shareholders, a framework was approved for the payment of monetary compensation claims of up to ¥23 million per year for directors who are not Audit and Supervisory Committee members and up to ¥3 million per year for directors who are Audit and Supervisory Committee members. On 22 July 2020, 8,169 shares were disposed of for 6 directors.