Aligning Corporate Value with Performance-Linked Share-Based Compensation
First written in FY2021. 10 of 15 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「Executive bonuses are intended to function as an incentive to pursue profit while expanding the company’s scale, with a view to improving performance over the medium to long term. Specific amounts are set for each position based on the mix of fixed and variable compensation and compensation-level statistics for listed companies. ROE and EBITDA margin have been deemed appropriate performance indicators for executive bonuses and will be used in light of the company’s policy of pursuing high profitability while also expanding its scale.」
In addition to the existing performance-linked share-based compensation plan, the company introduced an executive bonus plan linked to ROE and EBITDA margin. It has also extended the trust period for the performance-linked share-based compensation plan through 31 July 2028. - 2026-04-24AdvancedGeneral Meetings of Shareholders
「This bonus system is intended to increase directors’ awareness of their contribution to improving performance over the medium to long term and increasing corporate value by raising the proportion of compensation linked to the Company’s performance and shareholder value in the compensation of directors, excluding outside directors and directors who are Audit and Supervisory Committee members.」
In addition to existing fixed compensation and performance-linked stock compensation, the company has proposed introducing an executive bonus system using ROE and EBITDA margin as performance indicators and revising compensation amounts as an agenda item for the General Meeting of Shareholders. - FY2025ReframedAnnual report
「Revision of directors’ compensation plan Review of the mix of fixed and performance-linked compensation」
As a sustainability and governance initiative under the Fourth Medium-Term Management Plan, the company announced a revision of its directors’ compensation plan, including a review of the mix of fixed and performance-linked compensation. Under the current plan, share-based compensation linked to the consolidated operating margin continues. - FY2024RestatedAnnual report
「Under the “performance-linked share-based compensation plan,” compensation is determined within a range of 33% to 150% based on the actual consolidated operating margin.」
The company continues its plan of delivering and paying shares and other benefits upon retirement, linked to the consolidated operating margin and position. The trust period has been extended through 31 July 2025. - FY2024-Q3RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan modeled on the U.S. Performance Share and Restricted Stock plans. Under this share-based executive compensation plan, based on the degree of achievement of the consolidated operating margin target and the director’s position, the director receives company shares and cash equivalent to the proceeds from the sale of company shares upon retirement.」
The company continues its performance-linked share-based compensation plan, under which shares and other benefits are delivered and paid upon retirement based on the degree of achievement of the consolidated operating margin target and the director’s position. - FY2024-Q2RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan modeled on the U.S. Performance Share and Restricted Stock plans. Under this share-based executive compensation plan, based on the degree of achievement of the consolidated operating margin target and the director’s position, the director receives company shares and cash equivalent to the proceeds from the sale of company shares upon retirement.」
The company continues its performance-linked share-based compensation plan, under which shares and other benefits are delivered and paid upon retirement based on the degree of achievement of the consolidated operating margin target and the director’s position. - FY2024-Q1RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan modeled on the U.S. Performance Share and Restricted Stock plans. Under this share-based executive compensation plan, based on the degree of achievement of the consolidated operating margin target and the director’s position, the director receives company shares and cash equivalent to the proceeds from the sale of company shares upon retirement.」
The company continues its performance-linked share-based compensation plan, under which shares and other benefits are delivered and paid to directors upon retirement based on the degree of achievement of the consolidated operating margin target and the director’s position. - FY2023AdvancedAnnual report
「As the trust period was scheduled to end on 31 July 2022, the company entered into an agreement dated 15 July 2022 to extend the trust period through 31 July 2025.」
The company extended the trust period for the performance-linked share-based compensation plan through 31 July 2025, specifying the period for which the plan will continue. - FY2023-Q3RestatedAnnual report
「Based on the degree of achievement of the consolidated operating margin target and the director’s position, company shares and cash equivalent to the proceeds from the sale of company shares are delivered and paid to directors upon retirement under this share-based executive compensation plan.」
The company continues its plan of delivering and paying shares and other benefits to directors upon retirement, linked to the degree of achievement of the consolidated operating margin target and the director’s position. - FY2023-Q1RestatedAnnual report
「Based on the degree of achievement of the consolidated operating margin target and the director’s position, company shares and cash equivalent to the proceeds from the sale of company shares are delivered and paid to directors upon retirement under this share-based executive compensation plan.」
The company continues its performance-linked share-based compensation plan, under which shares and other benefits are delivered and paid to directors based on the degree of achievement of the consolidated operating margin target and the director’s position. - FY2022RestatedAnnual report
「Under the performance-linked share-based compensation plan, compensation is determined within a range of 33% to 150% based on the actual consolidated operating margin.」
The company continues its plan of determining share-based compensation according to the consolidated operating margin and position. The consolidated operating margin for the fiscal year is stated as 12.6%. - FY2022-Q3RestatedAnnual report
「Based on the degree of achievement of the consolidated operating margin target and the director’s position, company shares and cash equivalent to the proceeds from the sale of company shares are delivered and paid to directors upon retirement under this share-based executive compensation plan.」
The company continues its performance-linked share-based compensation plan, under which shares and cash are delivered and paid upon retirement based on the consolidated operating margin target achievement and the director’s position. - FY2022-Q2RestatedAnnual report
「Based on the degree of achievement of the consolidated operating margin target and the director’s position, company shares and cash equivalent to the proceeds from the sale of company shares are delivered and paid to directors upon retirement under this share-based executive compensation plan.」
The company continues its performance-linked share-based compensation plan, under which shares and cash are delivered and paid upon retirement based on the degree of achievement of the consolidated operating margin target and the director’s position. - FY2022-Q1RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan modeled on the U.S. Performance Share and Restricted Stock plans. Under this share-based executive compensation plan, based on the degree of achievement of the consolidated operating margin target and the director’s position, the director receives company shares and cash equivalent to the proceeds from the sale of company shares upon retirement.」
The company continues its performance-linked share-based compensation plan and its mechanism linked to the consolidated operating margin and position. - FY2021First statedAnnual report
「The company has introduced a performance-linked share-based compensation plan with the aim of clarifying the linkage between directors’ compensation and the company’s share value and increasing their awareness of contributing to medium- to long-term earnings growth and increased corporate value.」
Compensation is determined within a range of 33% to 150% based on the actual consolidated operating margin, with a coefficient of 1.00 for the representative director and president and corresponding coefficients applied according to position.