Introduction of a Performance-Linked Share Compensation Plan
First written in FY2018. 4 of 9 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2026.
78 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The target for the metric used for performance-linked share remuneration for the fiscal year under review was ¥13,600 million, the target for the final year of the medium-term management plan was ¥15,000 million, and the actual result was ¥15,446 million.」
The performance-linked share remuneration metrics were aligned with the 2026 Medium-Term Management Plan, with the annual target updated to ¥13.6 billion, the medium-term target to ¥15 billion, and the actual result to ¥15.446 billion. - 2026-06-03AdvancedGeneral Meetings of Shareholders
「At a meeting of the Board of Directors held on 9 February 2026, the company resolved to introduce an incentive plan, the Stock Benefit Trust (J-ESOP), under which company shares will be granted to employees at or above the managerial level, in order to further align the treatment of employees with the company’s share price and performance, share the economic benefits with shareholders, increase employees’ motivation and morale to improve the share price and business performance, and enhance employee benefits.」
The company disclosed the introduction of the J-ESOP plan, expanding performance-linked share compensation beyond directors to employees at or above the managerial level, together with the plan outline and the number of shares held in trust. - FY2025Updated the metrics and targets for performance-linked remuneration under the 2026 Medium-Term Management PlanAnnual report
「The target for the metric used for performance-linked share remuneration for the fiscal year under review was ¥12,500 million, the target for the final year of the medium-term management plan was ¥15,000 million, and the actual result was ¥13,432 million.」
The operating profit targets for performance-linked share remuneration were updated to ¥12,500 million for the fiscal year under review and ¥15,000 million for the final year of the medium-term plan, with an actual result of ¥13,432 million disclosed. - FY2023Updated the targets and actual results for performance-linked remunerationAnnual report
「The target for the metric used for performance-linked share remuneration for the fiscal year under review was ¥9,600 million, the target for the final year of the medium-term management plan was ¥13,000 million, and the actual result was ¥8,172 million.」
The metric for performance-linked share remuneration was consolidated operating profit, with an annual target of ¥9,600 million, a medium-term target of ¥13,000 million, and an actual result of ¥8,172 million. For cash performance-linked remuneration, consolidated net income was used as the metric, with a target of ¥6,700 million and an actual result of ¥5,476 million. - FY2022Updated the targets and actual results for performance-linked share remunerationAnnual report
「The Company selected consolidated operating profit as the metric for performance-linked share remuneration because it indicates the Company’s ability to generate earnings from its core business, with the aim of achieving growth over the medium to long term. The target for the metric for the fiscal year under review was ¥9,500 million, the target for the final year of the medium-term management plan was ¥13,000 million, and the actual result was ¥8,637 million.」
The disclosed figures for performance-linked share remuneration were an annual target of ¥9,500 million, a medium-term target of ¥13,000 million, and an actual result of ¥8,637 million for the fiscal year. - FY2021AdvancedAnnual report
「The target for the metric used for performance-linked share remuneration for the fiscal year under review was ¥7,700 million, the target for the final year of the medium-term management plan was ¥10,000 million, and the actual result was ¥12,333 million.」
The Company has provided specific details of the performance-linked share remuneration制度, using annual and medium-term operating profit targets and actual results. - FY2019RestatedAnnual report
「Effective 12 December 2018, the Company introduced the Board Benefit Trust (BBT) as a performance-linked share remuneration制度 for directors, excluding directors who are Audit and Supervisory Committee members and outside directors among the other directors.」
Following the introduction of the performance-linked share remuneration制度, 72,000 shares remained in the trust, and the制度 continued to operate using operating profit as its performance metric. - FY2019-Q3AdvancedAnnual report
「Based on a resolution at the 70th Annual General Meeting of Shareholders held on 28 June 2018, the Company introduced, effective 12 December 2018, the Board Benefit Trust (BBT) as a performance-linked share remuneration制度 for directors, excluding directors who are Audit and Supervisory Committee members and outside directors among the other directors. The same applies below unless otherwise stated.」
The performance-linked share remuneration制度 was put into operation on 12 December 2018. The trust held 72,000 remaining treasury shares, with a carrying amount of ¥131 million. - FY2018First statedAnnual report
「The purpose of this制度 is to clarify the link between directors’ remuneration and the Company’s performance and share value, and to heighten directors’ awareness of contributing to improved performance over the medium to long term and increased corporate value by sharing with shareholders not only the benefits of a rising share price but also the risk of a decline in the share price.」
Following approval at the June 2018 shareholders’ meeting, the Company will introduce a performance-linked share remuneration制度 covering the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021, with a trust contribution limit of ¥300 million and a limit of 120,000 shares.