Transition to Performance- and Share-Price-Linked Executive Compensation
First written in FY2016. 18 of 22 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2026.
- FY2026ReframedAnnual report
「From fiscal 2026, we will discontinue the previous restricted stock compensation system subject to continued service and globally standardize the compensation structure around a restricted stock unit compensation system and a performance-linked share-based compensation unit system.」
Executive compensation was restructured from the previous restricted stock system into a globally standardized structure centered on RSUs and performance-linked share-based compensation units. The linkage to ROIC, TSR and sustainability metrics was also specified. - FY2026-H1AdvancedAnnual report
「This was a paid issuance of new shares under the restricted stock compensation system, including the post-delivery type. Issue price: ¥3,744 per share」
On 3 June 2025, 1,219,300 shares were issued for cash under the restricted stock compensation system to executive officers, corporate officers and subsidiary directors. - FY2025AdvancedAnnual report
「From fiscal 2025, we will revise CEO compensation levels. In addition, from the perspective of strongly promoting achievement of the new management plan, we decided to introduce an executive compensation system linked to the new management plan.」
We decided to revise CEO compensation levels to be globally competitive and introduce an executive compensation system linked to Inspire 2027. The ratio of standard amounts for the CEO's base compensation, short-term and medium- to long-term incentives was set at 1.0:1.5:3.0. - FY2025-H1AdvancedAnnual report
「3 June 2024 (Note) 1 146,000 927,313,877 966 464,384 966 182,350」
Under the restricted stock compensation and compensation unit systems, 146,000 shares were issued for cash to 42 executive officers, 45 corporate officers and 5 subsidiary directors. - FY2024AdvancedAnnual report
「To place greater emphasis on enhancing corporate value through oversight of and advice on management, we decided to introduce a new compensation system from fiscal 2024. Specifically, we revised compensation levels to be sufficiently competitive in global markets and introduced share-based compensation to encourage a focus on enhancing corporate value over the medium to long term and to promote value sharing with shareholders.」
In addition to the share-based compensation system for executive officers, we decided to introduce restricted stock units for directors from fiscal 2024. - FY2024-Q1AdvancedAnnual report
「31 May 2023 (Note) This was a paid issuance of new shares under the restricted stock compensation system and restricted stock unit compensation system. Issue price: ¥7,586 per share Capital contribution amount: ¥3,793 per share Recipients: 37 executive officers of the company, 38 corporate officers of the company and 5 directors of subsidiaries of the company」
Under the restricted stock compensation and compensation unit systems, 158,200 shares were issued to 37 executive officers, 38 corporate officers and 5 subsidiary directors. - FY2023ReframedAnnual report
「In addition, the above medium- to long-term incentive compensation has been granted from the fiscal year beginning 1 April 2023.」
Medium- to long-term compensation was restructured into restricted stock subject to continued service and restricted stock compensation subject to share-price conditions and the achievement of medium-term management plan targets. The ratio of standard compensation amounts for base compensation, short-term and medium- to long-term compensation was also set at 1:1.2:2.0. - FY2023-Q1AdvancedAnnual report
「15 June 2022 (Note) This was a paid issuance of new shares under the restricted stock compensation system and restricted stock unit compensation system. Issue price: ¥6,448 per share; capital contribution amount: ¥3,224 per share; recipients: 35 executive officers of the company (including those who were executive officers when the restricted stock units were granted but have since retired as executive officers), 34 corporate officers of the company and 5 directors of subsidiaries of the company」
Under the restricted stock compensation and compensation unit systems, 337,000 shares were issued to 35 executive officers, 34 corporate officers and 5 subsidiary directors. - FY2022AdvancedAnnual report
「Restricted stock (issued in May 2019) From 1 April 2019 to 31 March 2022 (Note) 146.7%」
For the post-award evaluation of restricted stock, disclosed growth rates relative to TOPIX of 146.7% for the shares issued in May 2019, 144.2% for those issued in May 2020 and 128.3% for those issued in June 2021, showing the operating results of share-price-linked compensation. - FY2022-Q1AdvancedAnnual report
「15 June 2021 (Note) This was a paid issuance of new shares under the restricted stock compensation system and restricted stock unit compensation system. Issue price: ¥5,384 per share; capital contribution amount: ¥2,692 per share; recipients: 31 executive officers of the company and 35 corporate officers of the company」
As restricted stock compensation and other compensation, 349,600 shares were issued to 31 executive officers and 35 corporate officers. - FY2021AdvancedAnnual report
「From the current consolidated fiscal year, we introduced a restricted stock unit compensation system and granted restricted stock units.」
In addition to restricted stock, an RSU system was introduced for foreign executive officers and corporate officers. In May 2020, 604,800 shares of restricted stock were issued. - FY2021-Q1AdvancedAnnual report
「This was a paid issuance of new shares as restricted stock compensation. Issue price: ¥3,067 per share; capital contribution amount: ¥1,533.5 per share; recipients: 31 executive officers of the company and 33 corporate officers of the company」
On 27 May 2020, 604,800 shares were issued as restricted stock compensation to 31 executive officers and 33 corporate officers. - FY2020AdvancedAnnual report
「In addition, from the fiscal year beginning April 2020, we will grant restricted stock units as medium- to long-term incentive compensation to foreign executive officers.」
In addition to the transition to restricted stock, the policy was to introduce share-based compensation units for foreign executive officers from the fiscal year beginning April 2020. - FY2020-Q1AdvancedAnnual report
「This was a paid issuance of new shares as restricted stock compensation. Issue price: ¥3,647 per share; capital contribution amount: ¥1,823.5 per share; recipients: 37 executive officers of the company and 34 corporate officers of the company」
For the medium- to long-term incentive changed from the previous stock options to restricted stock, 587,800 shares were issued to 37 executive officers and 34 corporate officers. - FY2019ReframedAnnual report
「From the fiscal year beginning April 2019, we will grant restricted stock in place of the previous stock options with share-based compensation.」
The medium- to long-term incentive was changed from the previous stock options to restricted stock, and the compensation mix was revised to target a 1:1:1 ratio for base compensation, short-term and medium- to long-term compensation. - FY2018AdvancedAnnual report
「Date of resolution: 11 April 2018; number of stock acquisition rights: 17,399; number of shares underlying the stock acquisition rights: 1,739,900」
Granted 17,399 units of the third series of stock acquisition rights as a medium- to long-term incentive with post-award evaluation based on the share price and other metrics as an exercise condition. - FY2017AdvancedAnnual report
「Date of resolution: 6 April 2017」
Disclosed 22,906 units of the second series of stock acquisition rights, including those resolved on 6 April 2017, and continued operating medium- to long-term incentives using the share price and other metrics. - FY2017-Q2AdvancedAnnual report
「The stock acquisition rights issued during the second quarter accounting period were as follows: Number of stock acquisition rights: 24,219; number of shares underlying the stock acquisition rights: 2,421,900; exercise period: from 15 July 2016 to 14 July 2046. If the growth rate relative to TOPIX is at least 120%, all allocated stock acquisition rights may be exercised.」
As share-based compensation linked to performance and the share price, 24,219 stock acquisition rights were issued, with the number exercisable determined according to the three-year growth rate relative to TOPIX. - FY2016First statedAnnual report
「For performance-linked compensation, a standard amount is set according to the position so that it generally accounts for approximately 25% to 35% of total compensation, and the amount paid is determined within a specified range according to performance and results in the individual's area of responsibility.」
The policy was to introduce stock options with share-based compensation as a medium- to long-term incentive in the compensation for the fiscal year beginning April 2016.