Introduction of a Medium- to Long-Term Performance-Linked Stock Compensation Plan
First written in FY2018. 3 of 9 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 34 companies on the "Worse" side.
7 other companies' latest entry also says "Other".
- FY2026Disclosure of first-year results for the Eighth Medium-Term Plan metricsAnnual report
「Actual ROE for the fiscal year was 2.7%, and actual relative TSR was 0.84.」
Against the Eighth Medium-Term Plan's stock compensation metrics of ROE of at least 10% and relative TSR of at least 1, first-year results were ROE of 2.7% and relative TSR of 0.84. - FY2025ReframedAnnual report
「The company selected the ROE target of at least 10% and the relative TSR target of at least 1 set under the Eighth Medium-Term Management Plan as performance metrics forming the basis for calculating the number of shares in the performance-linked portion of stock compensation.」
The stock compensation metrics, previously centered on net income attributable to owners of the parent of ¥220 billion, were changed under the Eighth Medium-Term Plan to ROE of at least 10% and relative TSR of at least 1. From FY2025, the plan has shifted toward a design that takes the cost of shareholders' equity and the share price into account. - FY2023AdvancedAnnual report
「For annual bonuses relating to FY2023 and subsequent fiscal years, in addition to the existing total segment profit and employee safety metrics, the company will use climate change metrics as an incentive to accelerate initiatives addressing climate change, which is positioned as the most important management issue.」
For performance-linked compensation, the company decided to introduce a climate change metric from FY2023 in addition to the safety metric. - FY2022AdvancedAnnual report
「For annual bonuses relating to FY2022 and subsequent fiscal years, non-financial metrics will be used as performance-linked metrics in addition to the existing financial metrics.」
For performance-linked compensation, the company introduced an employee safety metric from FY2022 and moved toward a policy of introducing a climate change metric during the period of the Seventh Medium-Term Plan. - FY2021Change to the stock compensation plan in line with the Seventh Medium-Term PlanAnnual report
「Pursuant to a resolution passed at the 19th Annual General Meeting of Shareholders held on 25 June 2021, the company changed the stock compensation plan so that its coverage period can be appropriately set between 1 and 5 fiscal years according to the period covered by the applicable Medium-Term Management Plan.」
For the medium- to long-term performance-linked stock compensation plan, the performance metric was changed from the Sixth Plan's current net income target of ¥200 billion to ¥220 billion under the Seventh Plan, and the coverage period, contribution limit and share number limit were also reviewed. - FY2019AdvancedAnnual report
「In connection with this plan, expenses recorded under "Selling, general and administrative expenses" in the consolidated statements of income amounted to ¥170 million for the equity-settled portion and ¥64 million for the cash-settled portion, for a total of ¥234 million.」
The medium- to long-term performance-linked stock compensation plan was operated as an established post-introduction scheme, with total expenses of ¥234 million recorded in FY2018. - FY2019-Q3RestatedAnnual report
「Based on a resolution passed at the 16th Annual General Meeting of Shareholders held on 21 June 2018, the company introduced a stock compensation plan through a stock-delivery trust for a portion of the compensation of directors of the company and its operating companies, excluding outside directors, and executive officers, excluding those who are non-residents of Japan for income tax purposes, collectively referred to as "directors and other officers." The plan is intended to clarify the link between compensation and the performance and share value of the company and its group, further promote value sharing with shareholders, and heighten awareness of contributing to the enhancement of corporate value over the medium to long term.」
The company reaffirmed the objectives of introducing a stock compensation plan through a stock-delivery trust, linking compensation to performance and share value, and sharing value with shareholders. - FY2019-Q2RestatedAnnual report
「Based on a resolution passed at the 16th Annual General Meeting of Shareholders held on 21 June 2018, the company introduced a stock compensation plan through a stock-delivery trust for a portion of the compensation of directors of the company and its operating companies, excluding outside directors, and executive officers, excluding those who are non-residents of Japan for income tax purposes, collectively referred to as "directors and other officers." The plan is intended to clarify the link between compensation and the performance and share value of the company and its group, further promote value sharing with shareholders, and heighten awareness of contributing to the enhancement of corporate value over the medium to long term.」
The company reaffirmed the objectives of introducing a stock compensation plan through a stock-delivery trust, linking compensation to performance and share value, and sharing value with shareholders. - FY2018First statedAnnual report
「Introduction of a compensation plan linked to the medium- to long-term performance of directors and other officers」
From FY2018, the company introduced a stock compensation plan for directors and executive officers linked to the performance targets of the Medium-Term Management Plan. Under the Sixth Medium-Term Plan, consolidated net income attributable to owners of the parent of ¥200 billion was used as the performance-linked metric.