Shareholder value-linked executive compensation system
First written in FY2018. 5 of 10 entries say "Advanced", first in FY2022. Latest entry: 2026-08-04.
- FY2026-H1AdvancedAnnual report
「Of the issued shares, 116,799 shares were issued through an in-kind contribution of monetary compensation claims totaling ¥97 million when treasury shares were disposed of as restricted stock compensation.」
Disclosed the issuance of 116,799 shares and ¥97 million in monetary compensation receivables under a disposal of treasury shares for the restricted stock compensation plan. - FY2024ReframedAnnual report
「Because the company uses the operating profit margin on revenue as a management indicator in pursuit of greater management efficiency, the total amount of performance-linked compensation may not exceed an amount calculated by multiplying consolidated operating profit before deducting performance-linked compensation by 3%.」
The basis for performance-linked compensation changed from consolidated ordinary profit to consolidated operating profit, and a calculation method capping it at 3% of operating profit was presented. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 July 2023, the company resolved, as set out below, to dispose of treasury shares as restricted stock compensation, and the payment procedures were completed on 4 August 2023.」
The restricted stock compensation system progressed from approval at the General Meeting of Shareholders, through a Board of Directors resolution, to the disposal of treasury shares and completion of the payment procedures. - FY2023AchievedAnnual report
「The proposal was approved at this General Meeting of Shareholders.」
The restricted stock compensation system progressed from Board of Directors approval and submission to the General Meeting of Shareholders to approval at the June 2023 General Meeting of Shareholders. - FY2023-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 February 2023, the company reviewed part of its executive compensation system, resolved to introduce a restricted stock compensation system for its directors other than outside directors, and decided to submit a proposal concerning the system to the 79th Annual General Meeting of Shareholders scheduled for June 2023.」
The Board of Directors resolved to introduce a restricted stock compensation system in addition to the existing stock acquisition-based compensation, and decided to submit the proposal to the Annual General Meeting of Shareholders scheduled for June 2023. - FY2022AdvancedAnnual report
「Because the company uses the ordinary profit margin on revenue as a management indicator in pursuit of greater management efficiency, the total amount of bonuses may not exceed an amount calculated by multiplying consolidated ordinary profit by 3%.」
For shareholder value-linked compensation, the company specified a calculation method that caps performance-linked bonuses at 3% of consolidated ordinary profit. The composition of fixed compensation, annual performance bonuses and stock acquisition-based compensation was also confirmed. - FY2018First statedAnnual report
「From July 2018, directors' compensation has consisted of fixed compensation, bonuses determined in consideration of annual performance and other factors, and stock acquisition-based compensation. Under the stock acquisition-based compensation, directors other than outside directors contribute a certain amount of their fixed compensation to the directors' shareholding association to continuously acquire shares of the company, and hold the shares acquired throughout their terms of office.」
The company stated its policy of structuring directors' compensation as fixed compensation, performance-linked bonuses and stock acquisition-based compensation, thereby increasing its linkage with shareholder value.