Discontinuation of the director retirement benefit plan and introduction of a restricted stock compensation plan
First written in FY2020. 5 of 14 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-07-10.
The whole theme swung hardest in 2024: 3 of 32 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2025RestatedAnnual report
「The Company has introduced a restricted stock compensation plan to further align the compensation of its directors, excluding outside directors, with the value of its shares, thereby providing the eligible directors with an incentive to sustainably enhance corporate value and promoting greater value sharing between shareholders and the eligible directors.」
The Company continues to operate the restricted stock compensation plan introduced following the abolition of the directors' retirement bonus plan. During the fiscal year, 11,500 shares were disposed of for allocation to directors. - FY2025-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 17 June 2024, the Company resolved to dispose of treasury shares as restricted stock compensation as described below (the "Treasury Share Disposal"), and the payment procedures were completed on 3 July 2024.」
The Company allocated 11,500 common shares to 7 directors as restricted stock compensation for a total disposal amount of ¥35.0175 million, and completed the payment procedures on 3 July 2024. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 June 2023, the Company resolved to dispose of treasury shares as restricted stock compensation as described below (the "Treasury Share Disposal"), and the payment procedures were completed on 3 July 2023.」
The Company resolved to conduct a treasury share disposal as restricted stock compensation, allocating 13,500 common shares to 8 directors for a total disposal amount of ¥28.1745 million. The payment procedures were completed on 3 July 2023. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 13 June 2022, the Company resolved to dispose of treasury shares as restricted stock compensation as described below (the "Treasury Share Disposal"), and the payment procedures were completed on 1 July 2022.」
The Company resolved to conduct a treasury share disposal under the restricted stock compensation plan, allocating 12,500 common shares to 7 directors for a total disposal amount of ¥22.4375 million. The payment procedures were completed on 1 July 2022. - FY2022RestatedAnnual report
「Dividends of surplus for the fiscal year are as follows.」
The Company continued operating the restricted stock compensation plan and disposed of 12,500 treasury shares as compensation during the fiscal year. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 June 2021, the Company resolved to dispose of treasury shares as restricted stock compensation as described below, and the payment procedures were completed on 1 July 2021.」
The Company conducted a treasury share disposal under the restricted stock compensation plan, allocating 12,500 common shares to 7 directors for a total disposal amount of ¥28.325 million. The payment procedures were completed on 1 July 2021. - FY2021RestatedAnnual report
「Abolish the directors' retirement bonus system and, separately from the remuneration amounts described above, introduce a new restricted stock compensation system with an annual limit of ¥100 million」
The annual report also confirms the abolition of the directors' retirement bonus system and the introduction and operating results of a restricted stock compensation system with an annual limit of ¥100 million. - FY2021-Q2AchievedAnnual report
「The company had previously recognized the amount payable under its internal rules for directors' retirement bonuses as a provision for directors' retirement benefits. At the 59th Ordinary General Meeting of Shareholders held on 26 May 2020, a resolution was adopted to make a lump-sum payment in connection with abolishing the directors' retirement benefit provision system. Accordingly, the provision for directors' retirement benefits was reversed, and the unpaid lump-sum payment of ¥267.9 million is presented under other current liabilities.」
In connection with the lump-sum payment resulting from abolishing the directors' retirement benefit provision system, the provision was reversed and ¥267.9 million was presented as an unpaid amount. - FY2021-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 15 June 2020, the company resolved to dispose of treasury shares as restricted stock compensation, referred to below as the treasury share disposal, and the payment procedures were completed on 1 July 2020.」
The payment procedures for the disposal of 12,500 treasury shares under the restricted stock compensation system were completed on 1 July 2020. The disposal covered 7 directors and totaled ¥22,325,000. - FY2020First statedAnnual report
「At the Ordinary General Meeting of Shareholders held on 26 May 2020, the company resolved to abolish the directors' retirement bonus system and introduce, separately from the remuneration amounts described above, a new restricted stock compensation system with an annual limit of ¥100 million, excluding the portion corresponding to salary for the employee duties of directors who concurrently serve as employees. The purpose is to provide directors, excluding outside directors, with incentives to achieve sustainable growth in corporate value and to promote further sharing of value between directors and shareholders.」
The company resolved to abolish the directors' retirement bonus system and introduce a restricted stock compensation system with an annual limit of ¥100 million for directors, excluding outside directors. The purpose is to achieve sustainable growth in corporate value and promote value sharing between directors and shareholders.