Share-based compensation linked to achievement of the medium-term management plan
First written in FY2017. 17 of 25 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2023: 6 of 39 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The targets for the current fiscal year were ¥7,500 million, 13.5% or higher, and ¥19,000 million, respectively, while the actual results were ¥9,181 million, 18.2%, and ¥18,322 million, respectively.」
Operating profit and ROE, the performance indicators for performance-linked share-based compensation, exceeded their targets, while GX segment net sales were ¥18,322 million against a target of ¥19,000 million. In addition, 76,860 shares were delivered to 2 directors who retired in June 2025. - FY2026-H1RestatedAnnual report
「We have introduced a performance-linked compensation system for directors and executive officers and a performance-linked share delivery system for the Company's management-level employees. The average number of treasury shares held by the trust was 232,902 shares during the previous interim consolidated accounting period and 292,018 shares during the current interim consolidated accounting period.」
The performance-linked systems using the BIP trust for directors and executive officers and the ESOP trust for management-level employees continue to operate. The average number of shares held by the trusts during the period was 292,018. - FY2025RaisedAnnual report
「The changes consist of adding executive officers serving under mandate agreements who do not concurrently serve as directors, excluding non-residents of Japan, to the eligible participants; treating the amount and terms of all compensation under this system as compensation and other benefits for eligible directors and others; changing the performance indicators from “consolidated operating profit, ROE and other indicators” to “consolidated operating profit, ROE, consolidated net sales of the GX segment and other indicators”; and adding a clawback provision.」
The scope of performance-linked share-based compensation was expanded to executive officers serving under mandate agreements, consolidated net sales of the GX segment were added to the performance indicators, and a clawback provision was introduced. The trust period is now scheduled to be extended to the end of October 2028. - FY2025-H1RestatedAnnual report
「We have introduced a performance-linked compensation system for directors and executive officers and a performance-linked share delivery system for the Company's management-level employees. The average number of treasury shares held by the trust was 68,634 shares during the previous interim consolidated accounting period and 77,634 shares during the current interim consolidated accounting period.」
The performance-linked compensation system for directors and executive officers continues to operate, and shares held by the director compensation BIP trust and other trusts are treated as treasury shares. - FY2024AdvancedAnnual report
「The targets for the current fiscal year were ¥2,850 million and 6.0% or higher, respectively, while the actual results were ¥4,410 million and 16.6%, respectively.」
Actual results for operating profit and ROE, the performance indicators for share-based compensation for directors and executive officers, exceeded their respective targets for the year. - FY2024-Q2RestatedAnnual report
「The average number of treasury shares held by the trust was 70,932 shares during the previous second-quarter consolidated cumulative period and 68,634 shares during the current second-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers and the practice of treating shares held by the BIP trust as treasury shares are continuing. - FY2024-Q1RestatedAnnual report
「The average number of treasury shares held by the trust was 73,764 shares during the previous first-quarter consolidated cumulative period and 68,634 shares during the current first-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers and the practice of treating shares held by the BIP trust as treasury shares are continuing. - FY2023AdvancedAnnual report
「During the current fiscal year, 33,095 shares of the Company's stock were delivered to 3 directors who retired in June 2022, excluding directors serving as Audit and Supervisory Committee members and outside directors. This includes 10,095 shares converted into cash for tax payments.」
Under the BIP trust system linked to operating profit and ROE under the medium-term management plan, 33,095 shares were delivered to 3 retired directors. - FY2023-Q2RestatedAnnual report
「The average number of treasury shares held by the trust was 88,089 shares during the previous second-quarter consolidated cumulative period and 70,932 shares during the current second-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers and the practice of treating shares held by the BIP trust as treasury shares are continuing. The average number of shares held by the trust during the current second-quarter cumulative period was 70,932. - FY2023-Q1RestatedAnnual report
「The average number of treasury shares held by the trust was 94,548 shares during the previous first-quarter consolidated cumulative period and 73,764 shares during the current first-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers and the practice of treating shares held by the BIP trust as treasury shares are continuing. - FY2022ReframedAnnual report
「The indicators used to evaluate performance achievement under this system were changed from “consolidated net sales, consolidated operating profit and other indicators” to “consolidated operating profit, ROE and other indicators.”」
The performance indicators for performance-linked share-based compensation were changed from net sales, operating profit and other indicators to operating profit, ROE and other indicators, revising the framework to place greater emphasis on profit and capital efficiency. The trust period is scheduled to be extended to the end of October 2025. - FY2022-Q3RestatedAnnual report
「We have introduced a performance-linked compensation system for directors and executive officers. The Company's shares held by the director compensation BIP trust are included in treasury shares deducted when calculating the average number of shares outstanding during the period for the calculation of quarterly net income per share. The average number of treasury shares held by the trust was 96,508 shares during the previous third-quarter consolidated cumulative period and 84,435 shares during the current third-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers and the practice of treating shares held by the BIP trust as treasury shares are continuing. The average number of shares held by the trust during the period was 84,435. - FY2021-Q3RestatedAnnual report
「The average number of treasury shares held by the trust was 85,373 shares during the previous third-quarter consolidated cumulative period and 96,508 shares during the current third-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers tied to achievement of the medium-term management plan and the practice of treating shares held by the BIP trust as treasury shares are continuing. The average number of shares held by the trust during the current third-quarter cumulative period was 96,508. - FY2021-Q2RestatedAnnual report
「We have introduced a performance-linked compensation system for directors and executive officers. The Company's shares held by the director compensation BIP trust are included in treasury shares deducted when calculating the average number of shares outstanding during the period for the calculation of quarterly net income per share. The average number of treasury shares held by the trust was 79,805 shares during the previous second-quarter consolidated cumulative period and 96,508 shares during the current second-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers and the practice of treating shares held by the BIP trust as treasury shares are continuing. The average number of shares held by the trust during the current second-quarter cumulative period was 96,508. - FY2020-Q3RestatedAnnual report
「The average number of treasury shares held by the trust during the current third-quarter consolidated cumulative period was 85,373 shares, compared with 44,400 shares in the previous third-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers and the practice of treating shares held by the BIP trust as treasury shares are continuing. - FY2020-Q2RestatedAnnual report
「The average number of treasury shares held by the trust during the current second-quarter consolidated cumulative period was 79,805 shares, compared with 44,400 shares in the previous second-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers tied to achievement of the medium-term management plan, and the practice of treating shares held by the BIP trust as treasury shares, are continuing. - FY2020-Q1RestatedAnnual report
「We have introduced a performance-linked compensation system for directors and executive officers, and the Company's shares held by the director compensation BIP trust are included in treasury shares deducted when calculating the average number of shares outstanding during the period for the calculation of quarterly net income per share (a minus sign indicates a loss). The average number of treasury shares held by the trust during the current first-quarter consolidated cumulative period was 62,436 shares, compared with 44,400 shares in the previous first-quarter consolidated cumulative period.」
The performance-linked compensation system for directors and executive officers and the practice of treating shares held by the BIP trust as treasury shares are continuing. The average number of shares held by the trust during the period was 62,436. - FY2019RaisedAnnual report
「Trust extension agreement date: 4 June 2019; trust period after extension: 1 November 2019 to the end of October 2022; trust funds: ¥180 million, including trust compensation and expenses」
The trust period for the performance-linked share-based compensation system was extended, and the trust amount was increased from ¥120 million to ¥180 million. - FY2019-Q3RestatedAnnual report
「We introduced a performance-linked compensation system for directors and executive officers from the previous second-quarter consolidated accounting period. The Company's shares held by the director compensation BIP trust are included in treasury shares deducted when calculating the average number of shares outstanding during the period for the calculation of quarterly net income per share. The average number of treasury shares held by the trust during the current nine-month consolidated cumulative period was 44,400 shares.」
The practice of treating the 44,400 shares held by the BIP trust as treasury shares under the performance-linked compensation system for directors and executive officers tied to achievement of the medium-term management plan is continuing. - FY2019-Q2RestatedAnnual report
「At the end of the current second-quarter consolidated accounting period, the carrying amount and number of these treasury shares were ¥106 million and 44,400 shares, respectively.」
The practice of treating the 44,400 shares held by the BIP trust as treasury shares under the performance-linked compensation system for directors and executive officers tied to achievement of the medium-term management plan is continuing. - FY2019-Q1RestatedAnnual report
「The 44,400 shares of the Company's stock held by the director compensation BIP trust, after the share consolidation described above, are treated as treasury shares in the consolidated financial statements.」
The practice of treating the 44,400 shares held by the BIP trust as treasury shares under the performance-linked compensation system for directors and executive officers tied to achievement of the medium-term management plan is continuing. - FY2018RestatedAnnual report
「Performance-linked share-based compensation is positioned as an incentive to increase corporate value over the medium to long term, with shares delivered after retirement based on the level of achievement of the medium-term management plan. The number of shares delivered varies from 0% to 150% based on the level of achievement against the targets of the medium-term management plan for each fiscal year, with the number of shares at the standard level of performance achievement set at 100%.」
The system for delivering shares in a range of 0% to 150% based on achievement of consolidated net sales, consolidated operating profit and other targets under the medium-term management plan continues to operate. - FY2018-Q3RestatedAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at the trust's carrying amount, excluding ancillary expenses. At the end of the current third-quarter consolidated accounting period, the carrying amount and number of these treasury shares were ¥106 million and 44,400 shares, respectively.」
The practice of recording the shares held in the BIP trust for the performance-linked share-based compensation system for directors and executive officers as treasury shares, introduced from the second quarter, is continuing. - FY2018-Q2AchievedAnnual report
「We introduced a performance-linked compensation system for directors and executive officers from the current second-quarter consolidated accounting period.」
The performance-linked share-based compensation system tied to achievement of the medium-term management plan progressed from the planned introduction stage to actual implementation. The treasury shares held in the BIP trust total 444,000 shares, with a carrying amount of ¥106 million. - FY2017First statedAnnual report
「Performance-linked share-based compensation is positioned as an incentive to increase corporate value over the medium to long term, with shares delivered after retirement based on the level of achievement of the medium-term management plan. The number of shares delivered varies from 0% to 150% based on the level of achievement against the targets of the medium-term management plan for each fiscal year, with the number of shares at the standard level of performance achievement set at 100%.」
A plan to introduce in August 2017 a system for delivering shares in a range of 0% to 150% based on achievement of consolidated net sales, consolidated operating profit and other targets under the medium-term management plan was announced.