Introduction of a Restricted Stock Compensation Plan
First written in FY2023. 9 of 11 entries say "Advanced", first in FY2024-Q1. Latest entry: 2026-08-07.
- FY2026-H1AdvancedAnnual report
「8 August 2025 3,283 41,764,675 — 55,482 — 6,252,463 (Note) Based on a resolution at the annual general meeting of shareholders held on 27 June 2023, the increase resulted from the issuance of new shares as restricted stock compensation on 8 August 2025.」
The company issued 3,283 shares as restricted stock compensation on 8 August 2025, providing further concrete evidence of the plan's continued operation. - FY2025RestatedAnnual report
「Compensation for the company's executive directors consists of base compensation, a single-year bonus, and performance-linked restricted stock compensation. The payment proportions are set approximately as follows: base compensation: single-year bonus: performance-linked restricted stock compensation = 70:10:20.」
The company reconfirmed in its annual report the executive compensation structure, including restricted stock compensation, and the proportions of base compensation, bonuses, and long-term compensation. - FY2025-H1AdvancedAnnual report
「8 August 2024 10,089 41,761,392 — 53,579 — 6,250,560 (Note) Based on a resolution at the annual general meeting of shareholders held on 27 June 2023, the increase resulted from the issuance of new shares as restricted stock compensation on 8 August 2024.」
The company issued 10,089 shares as restricted stock compensation on 8 August 2024. The operation of the plan took concrete form through the issuance of new shares. - FY2024-Q3AdvancedAnnual report
「The number of shares is 5,223 per year. During the nine-month period ended [date], ¥1.906 million was recorded in capital surplus for these shares.」
For restricted stock compensation covering outside directors who are not Audit and Supervisory Committee members and directors who are Audit and Supervisory Committee members, the issuance of 5,223 new shares per year and the recording of ¥1.906 million in capital surplus were specified. The company also recorded ¥5.766 million in stock subscription rights and ¥1.440 million in provision for performance-linked compensation under the performance-linked plan. - FY2024-Q2AdvancedAnnual report
「The base number of shares to be delivered is 12,970 shares per year, or 38,910 shares for the entire evaluation period. The final number of shares is calculated by multiplying the base number by the performance-target achievement level, including the achievement rate for numerical targets during the relevant performance evaluation period, calculated within a range of 50% to 200%. However, to secure funds for tax payments, shares equivalent to 20% of the calculated number will be sold, and the directors will receive cash equivalent to the proceeds from the sale.」
For performance-linked restricted stock compensation, the company specified the base number of shares for the annual amount and the entire evaluation period, the 50% to 200% calculation range based on performance achievement, and the sale of 20% of the shares to secure funds for tax payments. It recorded ¥5.419 million in stock subscription rights and ¥1.354 million in provision for performance-linked compensation. - FY2024-Q1AdvancedAnnual report
「The company resolved to grant performance-linked restricted stock compensation, under a performance share unit plan, to directors other than directors who are Audit and Supervisory Committee members and outside directors. The grant is intended to deliver a number of the company's common shares corresponding to the achievement of predetermined performance targets, with an evaluation period from April 2023 through March 2026.」
For the performance-linked restricted stock compensation plan, the company determined an evaluation period from April 2023 through March 2026 and specific procedures for delivering shares based on the achievement of performance targets. In addition, a resolution was passed to issue 5,223 shares to outside directors and directors who are Audit and Supervisory Committee members. - FY2023First statedAnnual report
「From the 18th fiscal year, the company introduced a performance-linked restricted stock compensation plan, separate from the existing compensation framework, for directors other than directors who are Audit and Supervisory Committee members and outside directors. The plan is intended to provide incentives for the sustainable enhancement of corporate value, further align value with shareholders, and strengthen the linkage between compensation for executive directors and the company's performance.」
The company stated its policy of introducing a performance-linked plan for executive directors and a restricted stock compensation plan for Audit and Supervisory Committee members and outside directors from the 18th fiscal year.