Executive Incentives Through a Restricted Stock Compensation Plan
First written in FY2020-Q1. 3 of 6 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2025.
- FY2025Grant, forfeiture and remaining balance of restricted sharesAnnual report
「2025 restricted stock compensation 2 directors and 3 executive officers of the Company 2,800 common shares 13 February 2025」
In 2025, 2,800 shares were granted to directors and executive officers, while 25,300 shares were forfeited upon the satisfaction of release conditions such as performance targets, leaving 1,300 shares outstanding subject to confirmation. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 January 2023, the Company resolved to dispose of treasury shares, and payment was completed on 15 February 2023.」
Under the restricted stock compensation plan, 23,800 shares were granted to 5 directors and 6 executive officers in 2023, and payment was completed. - FY2021AdvancedAnnual report
「To provide incentives for sustained growth in the Company's corporate value and further share value with shareholders, the Company will deliver its common shares subject to a transfer restriction period linked to the medium-term management plan.」
The Company describes in detail the mechanism linking restricted stock compensation to the medium-term management plan and performance targets, and also disposed of treasury shares during the fiscal year under review. - FY2021-Q3RestatedAnnual report
「At meetings of the Board of Directors held on 12 November 2019 and the 84th Annual General Meeting of Shareholders held on 19 December 2019, the Company resolved to introduce a restricted stock compensation plan as a new compensation plan for eligible directors and executive officers who do not concurrently serve as directors, namely directors other than directors serving as Audit and Supervisory Committee members and executive officers who do not concurrently serve as directors, for the purpose of providing incentives to achieve sustained growth in corporate value and further sharing value with shareholders.」
The Company continues to describe the purpose and eligible recipients of the restricted stock compensation plan. - FY2020-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 January 2020, the Company resolved to dispose of treasury shares, and payment was completed on 13 February 2020.」
Under the restricted stock compensation plan, payment was completed on 13 February 2020 following the resolution to dispose of treasury shares. - FY2020-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 12 November 2019, the Company resolved to introduce a restricted stock compensation plan as a new compensation plan for eligible directors, namely directors other than directors serving as Audit and Supervisory Committee members, for the purpose of providing incentives to achieve sustained growth in corporate value and further sharing value with shareholders. At the 84th Annual General Meeting of Shareholders held on 19 December 2019, approval was obtained to provide eligible directors with monetary claims of no more than ¥30 million per year as monetary compensation to be contributed for the acquisition of restricted stock under the plan, and to set the restriction period for transfer of the restricted stock at a period determined by the Board of Directors between 1 and 3 years.」
A restricted stock compensation plan was introduced for eligible directors, executive officers and executive officers of subsidiaries, with the aim of achieving sustained growth in corporate value and sharing value with shareholders. Monetary compensation for directors is capped at ¥30 million per year, and the restriction period ranges from 1 to 3 years.