Share-Based Executive Compensation Linked to Performance and Share Value
First written in FY2016. 5 of 28 entries say "Restated". Latest entry: FY2026-H1.
- FY2026-H1AdvancedAnnual report
「During the current interim consolidated accounting period, capital surplus increased by ¥64.031 million and treasury shares increased by ¥297.836 million, mainly due to the acquisition of 219,000 treasury shares based on a resolution of the Board of Directors dated 11 July 2025, the disposal of 31,157 treasury shares as restricted stock compensation for the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors, and executive officers, and the disposal of 39,700 treasury shares as restricted stock compensation for the Company's employees.」
The Company disposed of 31,157 treasury shares as restricted stock compensation for directors and executive officers, implementing the policy to finalize the plan announced for FY2025. - FY2025AdvancedAnnual report
「This plan is being introduced based on the new medium-term management plan, Medium-Term Vision 2027, announced on 23 May 2024, with the aim of providing the eligible directors with incentives to pursue sustained growth in the Company's corporate value by further strengthening the linkage between their compensation and the value of the Company's shares, while promoting greater sharing of value between the eligible directors and the Company's shareholders.」
A policy was approved to introduce a restricted stock compensation plan for directors in addition to the existing BBT plan, and a proposal is planned for submission to the General Meeting of Shareholders, capped at ¥48 million per year and 24,000 shares per year. - FY2025-H1AdvancedAnnual report
「Under the Officers' Share Benefit Rules, this represents the number of shares equivalent to those expected to be provided during the trust period to the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors, executive officers, and directors who are Audit and Supervisory Committee members, excluding outside directors, comprising 144,000 shares for the 3 fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2027.」
A plan was presented to acquire an additional 144,000 shares for distribution to officers and others over the 3 fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2027, to continue the BBT plan. - FY2024Update to the number of shares remaining in the trustAnnual report
「As of 31 March 2024, the Company had contributed ¥313.500 million, and Japan Custody Bank, Ltd. (Trust Account E) had acquired 298,500 Company shares for ¥319.504 million.」
The shares remaining in the trust under BBT, the performance-linked share compensation plan for officers, stood at 104,407. - FY2024-Q3Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥148.166 million and 143,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥145.411 million and 121,300 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The shares remaining in the trust under BBT, the performance-linked share compensation plan for officers, stood at 121,300. - FY2024-Q2Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥148.166 million and 143,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥103.561 million and 100,300 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The shares remaining in the trust under BBT, the performance-linked share compensation plan for officers, stood at 100,300. - FY2023Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥144.890 million and 145,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥148.166 million and 143,500 shares, respectively, at the end of the current consolidated fiscal year.」
The performance-linked share compensation plan for officers was continued, and the shares remaining in the trust stood at 143,500. - FY2023-Q3Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥144.890 million and 145,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥148.166 million and 143,500 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The shares remaining in the trust under the performance-linked share compensation plan for officers decreased from 145,500 at the end of the previous fiscal year to 143,500. - FY2023-Q2Update to the number of shares remaining in the trustAnnual report
「The Company grants officers a certain number of points based on their monthly remuneration, degree of performance achievement and other factors for the relevant fiscal year, and provides them with Company shares corresponding to their accumulated points when they retire from office. The carrying amount and number of shares of the treasury stock were ¥144.890 million and 145,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥113.223 million and 113,700 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The performance-linked share compensation plan for officers was continued, and the shares remaining in the trust decreased from 145,500 at the end of the previous consolidated fiscal year to 113,700. - FY2023-Q1Update to the number of shares remaining in the trustAnnual report
「The Company grants officers a certain number of points based on their monthly remuneration, degree of performance achievement and other factors for the relevant fiscal year, and provides them with Company shares corresponding to their accumulated points when they retire from office. The carrying amount and number of shares of the treasury stock were ¥144.890 million and 145,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥144.890 million and 145,500 shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」
The performance-linked share compensation plan for officers was continued, and the shares remaining in the trust stood at 145,500, unchanged from the end of the previous fiscal year. - FY2022-Q3Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥158.420 million and 159,200 shares, respectively, at the end of the previous consolidated fiscal year, and ¥144.890 million and 145,500 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The performance-linked share compensation plan for officers was continued, and the shares remaining in the trust decreased from 159,200 at the end of the previous fiscal year to 145,500. - FY2022-Q2Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥158.420 million and 159,200 shares, respectively, at the end of the previous consolidated fiscal year, and ¥109.958 million and 110,500 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The performance-linked share compensation plan for officers was continued, and the shares remaining in the trust decreased from 159,200 at the end of the previous fiscal year to 110,500. - FY2022-Q1Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥158.420 million and 159,200 shares, respectively, at the end of the previous consolidated fiscal year, and ¥146.877 million and 147,600 shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」
The shares remaining in the trust under the performance-linked share compensation plan for officers decreased from 159,200 at the end of the previous fiscal year to 147,600. - FY2021-Q3Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥151.820 million and 157,300 shares, respectively, at the end of the previous consolidated fiscal year, and ¥158.420 million and 159,200 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The performance-linked share compensation plan for officers was continued, and the shares remaining in the trust increased from 157,300 at the end of the previous fiscal year to 159,200. - FY2021-Q2Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥151.820 million and 157,300 shares, respectively, at the end of the previous consolidated fiscal year, and ¥123.541 million and 128,000 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The performance-linked share compensation plan for officers was continued, and the shares remaining in the trust decreased from 157,300 at the end of the previous fiscal year to 128,000. - FY2021-Q1Update to the number of shares remaining in the trustAnnual report
「The Company grants officers a certain number of points based on their monthly remuneration, degree of performance achievement and other factors for the relevant fiscal year, and provides them with Company shares corresponding to their accumulated points when they retire from office. The carrying amount and number of shares of the treasury stock were ¥151.820 million and 157,300 shares, respectively, at the end of the previous consolidated fiscal year, and ¥134.833 million and 139,700 shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」
The performance-linked share compensation plan for officers was continued, and the shares remaining in the trust decreased from 157,300 at the end of the previous fiscal year to 139,700. - FY2020-Q3Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of these treasury shares were ¥135.428 million and 149,100 shares, respectively, in the previous consolidated fiscal year, and ¥151.820 million and 157,300 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The performance-linked stock compensation plan for executive officers continued, and the remaining shares in the trust increased from 149,100 shares at the end of the previous fiscal year to 157,300 shares. - FY2020-Q2Update to the number of shares remaining in the trustAnnual report
「The Company grants executive officers a certain number of points based on their monthly compensation and degree of performance achievement during the fiscal year, and provides them with Company shares corresponding to their accumulated points when they retire from office. The carrying amount and number of these treasury shares were ¥135.428 million and 149,100 shares, respectively, in the previous consolidated fiscal year, and ¥121.985 million and 134,300 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The performance-linked stock compensation plan for executive officers continued, and the remaining shares in the trust decreased from 149,100 shares at the end of the previous fiscal year to 134,300 shares. - FY2019ReframedAnnual report
「In connection with the transition to a company with an Audit and Supervisory Committee, pursuant to a resolution of the 88th Annual General Meeting of Shareholders held on 26 June 2019, the compensation limits under this plan for the current directors and Audit and Supervisory Board members were abolished, and new compensation limits under this plan were approved for the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors, and directors who are Audit and Supervisory Committee members, excluding outside directors.」
In connection with the transition to a company with an Audit and Supervisory Committee, the eligible participants and compensation limits under the executive stock compensation plan were revised. - FY2019-Q3Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of these treasury shares were ¥109.971 million and 130,200 shares, respectively, in the previous consolidated fiscal year, and ¥135.428 million and 149,100 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The remaining shares in the trust under the performance-linked stock compensation program for executive officers increased from 130,200 shares at the end of the previous fiscal year to 149,100 shares. - FY2019-Q1Update to the number of shares remaining in the trustAnnual report
「The carrying amount and number of these treasury shares were ¥109.971 million and 130,200 shares, respectively, in the previous consolidated fiscal year, and ¥105.579 million and 125,000 shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」
The remaining shares in the trust under the performance-linked stock compensation program for executive officers decreased from 130,200 shares at the end of the previous fiscal year to 125,000 shares. - FY2018RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥80.141 million and 105,800 shares, respectively, in the previous consolidated fiscal year, and ¥109.971 million and 130,200 shares, respectively, in the current consolidated fiscal year.」
The BBT program, which is linked to executive officers' monthly compensation and degree of performance achievement, continued. - FY2018-Q3Update to the number of shares remaining in the trustAnnual report
「The Company grants executive officers a certain number of points based on their monthly compensation and degree of performance achievement during the fiscal year, and provides them with Company shares corresponding to their accumulated points when they retire from office. The carrying amount and number of these treasury shares were ¥80.141 million and 105,800 shares, respectively, in the previous consolidated fiscal year, and ¥109.971 million and 130,200 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The remaining shares in the trust under the performance-linked stock compensation program for executive officers increased from 105,800 shares at the end of the previous consolidated fiscal year to 130,200 shares. - FY2018-Q2RestatedAnnual report
「The Company grants executive officers a certain number of points based on their monthly compensation and degree of performance achievement during the fiscal year, and provides them with Company shares corresponding to their accumulated points when they retire from office.」
The performance-linked stock compensation program for executive officers continued, with no change in the 105,800 shares remaining in the trust. - FY2017RestatedAnnual report
「The Company has introduced the performance-linked stock compensation plan, the Stock Benefit Trust (BBT), for the Company's directors, excluding outside directors, executive officers and Audit and Supervisory Board members, excluding outside Audit and Supervisory Board members. The plan is intended to clarify the linkage between the compensation of directors and executive officers and the Company's performance and share value, thereby increasing their motivation to contribute to improving medium- to long-term performance and enhancing corporate value, and to motivate Audit and Supervisory Board members to enhance the Company's social reputation by ensuring the soundness of its management and maintaining public trust.」
The BBT, which links executive compensation to performance and share value, continued. The remaining shares in the trust totaled 105,800 shares at the end of the fiscal year. - FY2017-Q3RestatedAnnual report
「The Company grants executive officers a certain number of points based on their monthly compensation and degree of performance achievement during the fiscal year, and provides them with Company shares corresponding to their accumulated points when they retire from office.」
The performance-linked stock compensation program for executive officers continued, with 105,800 shares reported as remaining in the trust at the end of the third quarter of the current fiscal year. - FY2017-Q2RestatedAnnual report
「The Company grants executive officers a certain number of points based on their monthly compensation and degree of performance achievement during the fiscal year, and provides them with Company shares corresponding to their accumulated points when they retire from office.」
The performance-linked stock compensation program for executive officers continued, with 50,800 shares reported as remaining in the trust. - FY2016First statedAnnual report
「At a meeting of the Board of Directors held on 25 May 2015, the Company reviewed its executive compensation system to clarify the linkage between the compensation of directors and executive officers and the Company's performance and share value, with the aim of increasing their motivation to contribute to improving medium- to long-term performance and enhancing corporate value」
The Company introduced the performance-linked stock compensation plan, the Stock Benefit Trust (BBT), and acquired 55,000 shares during the fiscal year.