Medium- to Long-Term Incentives Through Restricted Stock Compensation
First written in FY2020. 2 of 5 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2024-Q1.
- FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 7 November 2023, the Company resolved to dispose of treasury shares as restricted stock compensation as described below (the “Treasury Share Disposal”), and carried out the disposal of treasury shares on 5 December 2023.」
The restricted stock compensation plan moved to the implementation stage, with 25,000 shares to be disposed of for 3 directors on 5 December 2023. - FY2023RestatedAnnual report
「Compensation for directors, excluding outside directors, and audit & supervisory board members, excluding outside audit & supervisory board members, consists of fixed basic compensation; variable bonuses determined after comprehensive consideration of consolidated business performance and other factors for the fiscal year; and non-monetary restricted stock compensation intended to provide an incentive for medium- to long-term growth in corporate value.」
The compensation structure of basic compensation, performance-linked bonuses and medium- to long-term incentives through restricted stock compensation continues. - FY2022RestatedAnnual report
「Compensation for directors, excluding outside directors, and audit & supervisory board members, excluding outside audit & supervisory board members, consists of fixed basic compensation; variable bonuses determined after comprehensive consideration of consolidated business performance and other factors for the fiscal year; and non-monetary restricted stock compensation intended to provide an incentive for medium- to long-term growth in corporate value.」
The compensation structure of basic compensation, performance-linked bonuses and medium- to long-term incentives through restricted stock compensation continues. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 6 November 2020, the Company resolved to dispose of treasury shares as restricted stock compensation as described below (the “Treasury Share Disposal”), and carried out the disposal of treasury shares on 3 December 2020.」
The restricted stock compensation plan moved to the stage of granting 260,000 treasury shares to directors, audit & supervisory board members, employees and officers and employees of subsidiaries on 3 December 2020. - FY2020First statedAnnual report
「At the seventh annual general meeting of shareholders held on 27 October 2020, the Company introduced a restricted stock compensation plan for directors, excluding outside directors, within the above compensation framework. The annual compensation limit for restricted stock was resolved at no more than ¥50 million.」
To promote management focused on medium- to long-term business performance and share price and to share value with shareholders, the Company introduced a restricted stock compensation plan for directors and set an annual compensation limit of no more than ¥50 million.