Executive Compensation and Equity Compensation Linked to Net Sales, Share Price and Employee Engagement
First written in FY2019. 4 of 7 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2025-H1.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2025-H1AdvancedAnnual report
「3 February 2025 (Note 1) 180,000 24,227,141 65,520 1,396,793 65,520 1,382,793 (Note 1) Paid allotment to a third party (issuance of restricted shares) Allottee: 1 director of the Company, excluding directors serving as Audit and Supervisory Committee members and outside directors」
Describes the specific implementation of shareholder-value-linked share-based compensation through the issuance of 180,000 restricted shares to 1 director. - FY2024-Q1AdvancedAnnual report
「Under this system, pursuant to a Board of Directors resolution dated 12 January 2024, the Company resolved to issue and allot new shares as restricted shares to 2 directors other than directors serving as Audit and Supervisory Committee members, excluding outside directors.」
Describes the specific implementation of the shareholder-value-linked compensation structure through the issuance of 180,000 restricted shares to 2 directors other than directors serving as Audit and Supervisory Committee members. - FY2023-Q1AdvancedAnnual report
「Under this system, pursuant to a Board of Directors resolution dated 13 January 2023, the Company resolved to issue and allot new shares as restricted shares to 2 directors other than directors serving as Audit and Supervisory Committee members, excluding outside directors.」
As a specific implementation of the shareholder-value-linked compensation structure, 60,000 restricted shares were issued to 2 directors other than directors serving as Audit and Supervisory Committee members on 1 February 2023. - FY2022Greater detail on the compensation structureAnnual report
「Our basic policy is to establish a compensation structure for directors linked to shareholder value so that it functions effectively as an incentive for the sustainable enhancement of corporate value, while setting each director’s compensation at an appropriate level based on the director’s responsibilities. Specifically, directors’ compensation consists of basic compensation determined according to their roles and responsibilities and share-based compensation as non-monetary compensation.」
Provides greater specificity to the shareholder-value-linked compensation policy through a structure comprising basic compensation and share-based compensation in the form of restricted shares and stock acquisition rights, with decisions made by the Compensation Committee and the Board of Directors. - FY2022-Q1AdvancedAnnual report
「Under this system, at a Board of Directors meeting held on 14 January 2022, the Company resolved to issue and allot new shares as restricted shares to 3 directors other than directors serving as Audit and Supervisory Committee members, excluding outside directors.」
Describes the specific implementation of share-based compensation, with 110,000 restricted shares issued to 3 directors on 1 February 2022 and a 3-year transfer restriction period. - FY2021Specifics of the compensation determination policyAnnual report
「Our basic policy is to establish a compensation structure for directors linked to shareholder value so that it functions effectively as an incentive for the sustainable enhancement of corporate value, while setting each director’s compensation at an appropriate level based on the director’s responsibilities. Specifically, directors’ compensation consists of basic compensation determined according to their roles and responsibilities and share-based compensation as non-monetary compensation.」
Provides greater specificity to the previous policy of taking revenue, the share price and employee engagement, among other factors, into account by setting out basic compensation, restricted shares and stock options, as well as the determination process involving the Compensation Committee and the Board of Directors. - FY2019First statedAnnual report
「Fixed compensation is calculated based on employee salaries and indicators including revenue, the share price and employee engagement. Share-based compensation consists of grants of restricted shares for the purpose of sharing value with shareholders and aligning with share-price targets.」
For executive compensation, describes for the first time a policy of calculating fixed compensation based on revenue, the share price and employee engagement indicators, and granting share-based compensation to share value with shareholders.