Policy of introducing performance-linked and restricted stock compensation
First written in FY2022. 4 of 5 entries say "Advanced", first in FY2023-Q1. Latest entry: 2026-07-02.
- FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 June 2023, the company resolved to dispose of treasury shares as restricted stock compensation for its directors, excluding directors who are Audit and Supervisory Committee members and outside directors (the “eligible directors”), and carried out the disposal of treasury shares on 3 July 2023.」
Regarding restricted stock compensation, the company provided total monetary remuneration claims of ¥9.238 million to 5 eligible directors and disposed of 16,208 common shares on 3 July 2023. The process advanced from the previous fiscal year's policy to implementation of the disposal for the following fiscal year. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 June 2022, the company resolved to pay total monetary remuneration claims of ¥10,679,026 to 6 eligible directors, who were the intended recipients, as restricted stock compensation for the period from the company's 61st Annual General Meeting of Shareholders to its 62nd Annual General Meeting of Shareholders scheduled for May 2023. The directors would contribute the full amount of those monetary remuneration claims in kind, in exchange for an allocation of 16,531 common shares of the company as specified restricted stock.」
Regarding the restricted stock compensation for which an introduction policy was disclosed in the previous fiscal year, the company resolved to provide monetary remuneration claims to 6 eligible directors and allocate 16,531 common shares, and carried out the disposal on 1 July 2022. - FY2022First statedAnnual report
「Under the director compensation rules, compensation consists of cash compensation and stock compensation. Cash compensation consists of monthly base compensation and annual performance-linked compensation, while stock compensation consists of annual restricted stock compensation.」
The Company first disclosed a policy of structuring director compensation as base compensation, annual performance-linked compensation and restricted stock compensation, with an indicative ratio of 10:1:1 for non-outside directors.