Introduction of a Performance-Linked Share-Based Compensation and Bonus Plan
First written in FY2020. 3 of 8 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 115 companies on the "Worse" side.
- FY2026Decrease in shares held by the BBT trust and progress in benefit paymentsAnnual report
「Treasury shares included in the number of ordinary treasury shares include the company’s shares held by the Executive Stock Benefit Trust (BBT), totaling 99,900 shares at the beginning and 81,000 shares at the end of the fiscal year.」
The performance-linked stock compensation plan continued, while shares held by the BBT trust decreased from 99,900 to 81,000. The disposal of treasury shares consisted of 18,900 shares distributed as benefits. - FY2026-H1Decrease in shares held by the BBT trustAnnual report
「The ordinary shares classified as “shares with full voting rights (other)” include 82,400 shares of the company, carrying 824 voting rights, held by Custody Bank of Japan, Ltd. (Trust Account E) as trust assets relating to the Executive Stock Benefit Trust (BBT) plan.」
Shares held by the BBT trust under the performance-linked stock compensation plan totaled 82,400, down from 99,900 in the same period of the previous year. - FY2024-Q3Update to the balance of shares held by the BBT trustAnnual report
「The ordinary shares classified as “shares with full voting rights (other)” include 99,900 shares of the company, carrying 999 voting rights, held by Custody Bank of Japan, Ltd. (Trust Account E) as trust assets relating to the Executive Stock Benefit Trust (BBT) plan.」
The company disclosed 99,900 shares and 999 voting rights held by the BBT trust under the performance-linked stock compensation plan. - FY2022AdvancedAnnual report
「Performance-linked stock compensation consists of stock-based compensation reflecting performance indicators, with the aim of clarifying the linkage between directors’ compensation and the company’s performance and share value and raising directors’ awareness of contributing to medium- and long-term improvements in performance and corporate value by sharing the risk of share-price fluctuations with shareholders. The performance indicator is consolidated net income attributable to owners of the parent, which represents the final outcome of performance and clearly links compensation to shareholder returns.」
For the BBT plan, the company specified an operating policy under which points are awarded based on the achievement of target values aligned with the medium-term management plan, using net income attributable to owners of the parent as the performance indicator. - FY2022-Q3Update to the balance of shares held by the BBT trustAnnual report
「The ordinary shares include 102,000 shares of the company, carrying 1,020 voting rights, held by Custody Bank of Japan, Ltd. (Trust Account E) as trust assets relating to the Executive Stock Benefit Trust (BBT) plan.」
The company disclosed 102,000 shares and 1,020 voting rights held by the BBT trust under the performance-linked stock compensation plan following the stock split. - FY2021AdvancedAnnual report
「Performance-linked stock compensation consists of stock-based compensation reflecting performance indicators, with the aim of clarifying the linkage between directors’ compensation and the company’s performance and share value and raising directors’ awareness of contributing to medium- and long-term improvements in performance and corporate value by sharing the risk of share-price fluctuations with shareholders. The performance indicator is consolidated net income attributable to owners of the parent, which represents the final outcome of performance and clearly links compensation to shareholder returns.」
The company specified a compensation policy using net income attributable to owners of the parent as the performance indicator and established the operation of the plan based on a resolution of the General Meeting of Shareholders. - FY2021-Q2AdvancedAnnual report
「Pursuant to a resolution of the 180th Annual General Meeting of Shareholders held on 25 June 2020, the company introduced the performance-linked stock compensation plan known as the Executive Stock Benefit Trust (BBT, or Board Benefit Trust).」
The company introduced a performance-linked stock compensation plan and established the trust on 25 August 2020. At the end of the second quarter, it recorded 20,400 shares held by the trust, a carrying value of ¥51.775 million, and a provision for directors’ stock benefits of ¥861,000, indicating that implementation of the plan had progressed. - FY2020First statedAnnual report
「Starting in July this year, we introduced a new performance-linked stock compensation plan and decided to introduce clear performance-linked payment criteria for bonuses.」
To clarify the linkage between directors’ compensation, performance and share value, the company has for the first time indicated a policy of introducing a performance-linked stock compensation plan and clearly performance-linked bonuses. The 15% reduction in basic compensation by position will be allocated to the bonus pool.