Restricted Stock Incentive Linked to Achievement of Performance Targets
First written in FY2020. 6 of 13 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2026Equity compensation conditions not met; no awardAnnual report
「No award will be made for the fiscal year because the conditions for granting equity compensation have not been met.」
With respect to restricted stock compensation linked to the medium-term management plan, the conditions for granting the award were not met in the fiscal year, and no award will be made. - FY2025-H1AchievedAnnual report
「Treasury shares decreased by 16,800 shares as a result of the disposal of treasury shares through a third-party allotment conducted on 20 November 2024 and by 71,700 shares as a result of the disposal of treasury shares as restricted stock compensation conducted on 2 December 2024.」
For the restricted stock compensation for fiscal 2024, 71,700 treasury shares were disposed of on 2 December 2024. - FY2024-Q2AchievedAnnual report
「Treasury shares decreased by 72,500 shares as a result of the disposal of treasury shares conducted on 1 December 2023 as restricted stock compensation.」
For the performance-linked restricted stock compensation for fiscal 2023, 72,500 treasury shares were disposed of on 1 December 2023, completing the grant. - FY2024-Q1AdvancedAnnual report
「Following this, at a meeting of the Board of Directors held on 28 September 2023, the Company resolved, taking into consideration the purpose of this system, the Company’s performance, and other relevant circumstances, to provide the Company’s eligible directors and employees and directors of its subsidiaries, collectively referred to below as the “Eligible Directors, etc.,” with monetary compensation receivables totaling ¥30,595,000, referred to below as the “Monetary Compensation Receivables.” At the same meeting, the Company resolved to dispose of 72,500 shares of its common stock under this system, with the 65 Eligible Directors, etc. designated as the prospective allottees contributing all of the Monetary Compensation Receivables as in-kind contributions to the Company.」
For the performance-linked restricted stock compensation, the Company resolved to provide monetary compensation receivables totaling ¥30,595,000 to 65 Eligible Directors, etc. and dispose of 72,500 shares, finalizing the planned payment date of 1 December 2023. - FY2023AchievedAnnual report
「First year (fiscal year ending June 2023): 7% revenue growth and 7% operating profit growth compared with the base fiscal year」
For the performance-linked stock compensation under Medium-Term Management Plan III, consolidated revenue for the current fiscal year increased 9.4% from the base fiscal year and operating profit increased 24.1%, exceeding both the first-year revenue growth and profit growth conditions. - FY2023-Q2AchievedAnnual report
「Treasury shares decreased by 14,000 shares as a result of the disposal of treasury shares conducted on 1 December 2022 as restricted stock compensation.」
For the restricted stock compensation for fiscal 2022, 14,000 treasury shares were disposed of on 1 December 2022, completing the grant. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 September 2022, the Company resolved, taking into consideration the purpose of this system, the Company’s performance, and other relevant circumstances, to provide eligible directors with monetary compensation receivables totaling ¥5,054,000, referred to below as the “Monetary Compensation Receivables.” At the same meeting, the Company resolved to dispose of 14,000 shares of its common stock under this system, with the 4 Eligible Directors, etc. designated as the prospective allottees contributing all of the Monetary Compensation Receivables as in-kind contributions to the Company.」
For the performance-linked restricted stock compensation, the Company resolved to provide ¥5,054,000 in monetary compensation receivables to 4 Eligible Directors, etc. and dispose of 14,000 shares. The payment date was 1 December 2022. - FY2022AdvancedAnnual report
「The specific performance indicator for restricted stock compensation paid during the fiscal year was a target consolidated operating profit margin of 9%, compared with an actual result of 11.1%.」
For the performance-linked restricted stock compensation, the actual consolidated operating profit margin was 11.1%, compared with the target of 9%, and the Company disclosed the achievement status of the indicator for the fiscal year. - FY2022-Q2AdvancedAnnual report
「Treasury shares decreased by 23,000 shares as a result of the disposal of treasury shares conducted on 1 December 2021 as restricted stock compensation.」
For the performance-linked restricted stock compensation, 23,000 treasury shares were disposed of on 1 December 2021, finalizing the grant for the following fiscal year. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 September 2021, the Company resolved, taking into consideration the purpose of this system, the Company’s performance, and the contributions to the Company’s performance made by the Company’s eligible directors and directors of its subsidiaries, collectively referred to below as the “Eligible Directors, etc.,” to provide the Eligible Directors, etc. with monetary compensation receivables totaling ¥9,131,000, referred to below as the “Monetary Compensation Receivables.” At the same meeting, the Company resolved to dispose of 23,000 shares of its common stock under this system, with the 9 Eligible Directors, etc. designated as the prospective allottees contributing all of the Monetary Compensation Receivables as in-kind contributions to the Company.」
For the performance-linked restricted stock compensation, the Company resolved to provide ¥9,131,000 in monetary compensation receivables to 9 eligible recipients and dispose of 23,000 shares, thereby finalizing the operation of the system for the following fiscal year. The payment date was 1 December 2021. - FY2021-Q2AchievedAnnual report
「Treasury shares decreased by 54,600 shares as a result of the disposal of treasury shares conducted on 1 December 2020 as restricted stock compensation.」
For the performance-linked restricted stock compensation, 54,600 treasury shares were disposed of on 1 December 2020, completing the grant. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 24 September 2020, the Company resolved, taking into consideration the purpose of this system, the Company’s performance, and other relevant circumstances, to provide the Company’s eligible directors and employees and directors of its subsidiaries, collectively referred to below as the “Eligible Directors, etc.,” with monetary compensation receivables totaling ¥30,958,200, referred to below as the “Monetary Compensation Receivables.” At the same meeting, the Company resolved to dispose of 54,600 shares of its common stock under this system, with the 52 Eligible Directors, etc. designated as the prospective allottees contributing all of the Monetary Compensation Receivables as in-kind contributions to the Company.」
For the performance-linked restricted stock compensation, the Company resolved to provide monetary compensation receivables to 52 eligible recipients and dispose of 54,600 treasury shares. The payment date was 1 December 2020, and the arrangement was at the stage of being finalized before completion of the grant. - FY2020First statedAnnual report
「Over the 3-year period beginning with the current fiscal year, which is the period covered by Medium-Term Management Plan II, we plan to grant restricted stock to executive directors of the Company and its subsidiaries and eligible employees as an incentive to achieve performance targets. In the first year, the current fiscal year, both the Company’s and its subsidiaries’ directors and the Company’s employees met the achievement conditions for the Company’s key management indicators, consolidated operating profit margin and value added per hour. Accordingly, we plan to grant the above incentive to eligible recipients following the required procedures.」
For the 3-year period covered by Medium-Term Management Plan II, the Company explicitly stated for the first time that restricted stock grants would be subject to achievement conditions of consolidated operating profit margin for directors and value added per hour for employees. It states that both achievement conditions were met in the first year.