Enhancing corporate value and sharing value with shareholders through a restricted stock compensation plan
First written in FY2018. 3 of 7 entries say "Advanced", first in FY2019-Q2. Latest entry: FY2025.
- FY2025RestatedAnnual report
「This represents the expense recognized for restricted stock compensation relating to the current fiscal year.」
The company continues to report the restricted stock compensation plan and the recognition of expenses related to share-based compensation for the current fiscal year. - FY2025-H1AdvancedAnnual report
「Pursuant to the resolution of the Board of Directors meeting held on 19 June 2024, the company disposed of 17,574 treasury shares as restricted stock compensation on 18 July 2024.」
The company stated that it disposed of 17,574 treasury shares as restricted stock compensation on 18 July 2024, as planned in the previous filing. - FY2025-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 19 June 2024, the company resolved to dispose of treasury shares as restricted stock compensation, as follows. The payment procedure was scheduled for completion on 18 July 2024. Class and number of shares to be disposed of: common shares of the company, 17,574 shares. Disposal price: ¥569 per share. Total disposal price: ¥9,999,606.」
For restricted stock compensation, the company resolved at a Board of Directors meeting on 19 June 2024 to dispose of 17,574 common shares of treasury stock with a total value of ¥9,999,606, scheduled for 18 July. - FY2024SoftenedAnnual report
「The compensation system for directors was revised from 15 March 2021 to include performance-linked compensation and other components, but in the current fiscal year only fixed compensation was paid in light of the current fluid economic conditions.」
The system, including performance-linked compensation and restricted stock compensation, remains in place, but actual payments in the current fiscal year consisted only of fixed compensation, limiting the use of performance-linked and equity compensation. - FY2022ReframedAnnual report
「Performance-linked compensation and other compensation will be paid in cash, reflecting key performance indicators (KPIs) to increase awareness of improving performance in each fiscal year. The amount, calculated according to the degree of achievement of the operating income target for each fiscal year, will be paid as a bonus at a specified time each year in consideration of the company’s performance. Non-monetary compensation and other compensation will consist of restricted stock to strengthen the link between compensation and medium- to long-term increases in corporate value, with the total capped at ¥10 million per year and paid at a specified time each year. …」
In addition to the previous implementation of restricted stock compensation, the company explicitly stated a compensation policy combining performance-linked compensation reflecting achievement of the operating income target with restricted stock compensation capped at ¥10 million per year. - FY2019-Q2AdvancedAnnual report
「Treasury shares decreased by 19,100 shares through the disposal of treasury shares as restricted stock compensation carried out on 13 June 2018.」
The company reported a specific implementation of its restricted stock compensation plan, disposing of 19,100 treasury shares on 13 June 2018. - FY2018First statedAnnual report
「The purpose is to provide incentives for the sustained enhancement of corporate value through the granting of restricted stock and to promote greater value sharing with shareholders.」
Following resolutions by the Board of Directors in March 2017 and the General Meeting of Shareholders in May 2017, the company introduced a restricted stock compensation plan for directors. Compensation was capped at ¥10,000 thousand per year, and the disposal of 7,300 restricted shares was recorded for the fiscal year.