Introduction of a Performance-Linked Stock Compensation Plan
First written in FY2017-Q1. 10 of 17 entries say "Restated". Latest entry: FY2026.
21 other companies' latest entry also says "Other".
- FY2026Decrease in Shares Held by the Trust and Disposal of Treasury SharesAnnual report
「The carrying amount and number of the Company’s shares remaining in the trust were ¥107.000 million and 246,545 shares, respectively, in the previous fiscal year, and ¥104.427 million and 240,616 shares, respectively, in the current fiscal year.” “Other (disposal of treasury shares as restricted stock compensation) 5,929」
The shares held by the trust decreased from 246,545 shares to 240,616 shares, and 5,929 treasury shares were disposed of during the current fiscal year as restricted stock compensation in connection with the retirement of directors and other officers. - FY2025ReframedAnnual report
「Following approval at the 63rd Annual General Meeting of Shareholders held on 29 May 2025 to introduce the above performance-linked restricted stock compensation system, the granting of new points was discontinued.」
The Company has outlined the transition from the existing performance-linked share compensation system using a trust, under which the granting of new points has been discontinued, to a performance-linked restricted stock compensation system. - FY2024-Q3RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” column include 246,500 of the Company’s shares held by the stock delivery trust for directors and other officers (2,465 voting rights).」
The Company has reconfirmed that the stock delivery trust for directors and other officers used for the performance-linked share compensation system holds 246,500 shares. - FY2021Decrease in shares held by trust and share deliveryAnnual report
「The Company’s shares remaining in the trust are recognized as treasury shares under net assets at their carrying amount in the trust, excluding incidental costs. The carrying amount and number of these treasury shares were ¥114.719 million and 264,331 shares, respectively, in the previous consolidated fiscal year, and ¥107.000 million and 246,545 shares, respectively, in the current consolidated fiscal year.」
The shares held by the stock delivery trust for directors and other officers decreased from 264,331 shares to 246,545 shares. The decrease includes the delivery of 17,786 shares upon the retirement of directors under the performance-linked share compensation system. - FY2021-Q3Decrease in shares held in trustAnnual report
「246,500 of the Company’s shares held by the stock delivery trust for directors and other officers (2,465 voting rights)」
The number of shares held by the stock delivery trust for directors and other officers used for the performance-linked share compensation system has decreased from the previously disclosed 264,300 shares to 246,500 shares. This includes 45 shares constituting less than one trading unit. - FY2020RestatedAnnual report
「This system is intended to clarify the link between directors’ compensation and the value of the Company’s shares, and to heighten directors’ awareness of contributing to improved medium- to long-term performance and increased corporate value by sharing with shareholders the benefits and risks arising from share price fluctuations.」
The Company continues to operate a performance-linked share compensation system for directors, including the purpose of the system, sharing the risks of share price fluctuations, and the mechanism for delivering shares upon retirement. - FY2020-Q3RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” column include 264,300 of the Company’s shares held by the stock delivery trust for directors and other officers (2,643 voting rights).」
The Company has reconfirmed that the stock delivery trust for directors and other officers used for the performance-linked share compensation system holds 264,300 shares. - FY2020-Q2RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” column include 264,300 of the Company’s shares held by the stock delivery trust for directors and other officers (2,643 voting rights).」
The Company has reconfirmed that the stock delivery trust for directors and other officers used for the performance-linked share compensation system holds 264,300 shares. - FY2020-Q1RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” column include 264,300 of the Company’s shares held by the stock delivery trust for directors and other officers (2,643 voting rights).」
The Company has reconfirmed that the stock delivery trust for directors and other officers used for the performance-linked share compensation system holds 264,300 shares. - FY2019RestatedAnnual report
「This system is intended to clarify the link between directors’ compensation and the value of the Company’s shares, and to heighten directors’ awareness of contributing to improved medium- to long-term performance and increased corporate value by sharing with shareholders the benefits and risks arising from share price fluctuations.」
The Company continues to operate a performance-linked share compensation system under which the purpose of the system, the linkage to performance and share value, and the mechanism for delivering shares upon retirement remain in place. - FY2018AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 April 2018, the company resolved to continue the existing plan with certain modifications. The continuation was approved at the 56th Annual General Meeting of Shareholders held on 29 May 2018, and the plan has been continued.」
The Board of Directors resolved to continue the existing performance-linked stock compensation plan with certain modifications, and the continuation was approved at the general meeting of shareholders. - FY2018-Q3RestatedAnnual report
「264,300 shares held by the stock delivery trust for directors (2,643 voting rights)」
The company reconfirms that the stock delivery trust for directors held 264,300 shares. - FY2018-Q2RestatedAnnual report
「264,300 shares held by the stock delivery trust for directors (2,643 voting rights)」
The company states that, as of 31 August 2017, the stock delivery trust for directors held 264,300 shares under the performance-linked stock compensation plan. The 264,300 shares include 31 shares held by the same trust that are less than one trading unit. - FY2017RestatedAnnual report
「The plan is a performance-linked stock compensation program under which the company delivers its shares through a trust based on points granted to each covered director according to criteria such as performance achievement. In principle, covered directors receive the company’s shares when their term of office ends. The carrying amount of the company’s shares remaining in the trust was ¥121.520 million, and the number of shares was 280,000.」
The company reiterates the plan of awarding points according to performance achievement and delivering shares through a trust, as well as the principle of delivery when the director’s term ends. The trust held 280,000 shares, with a carrying amount of ¥121.520 million. - FY2017-Q3RestatedAnnual report
「In principle, covered directors receive the company’s shares when their term of office ends. As of the end of the third quarter of the current consolidated fiscal year, the company’s shares held by the stock delivery trust for directors were recorded as treasury shares in the net assets section of the quarterly consolidated balance sheet under the gross method. The carrying amount, excluding ancillary expenses, was ¥121.600 million, and the number of shares was 280,000.」
The company reiterates the principle that shares under the performance-linked stock compensation plan are delivered when the covered director’s term ends, together with the status of 280,000 shares held by the trust and a carrying amount of ¥121.600 million. - FY2017-Q2AdvancedAnnual report
「As of the end of the second quarter of the current consolidated fiscal year, the company’s shares held by the stock delivery trust for directors were recorded as treasury shares in the net assets section of the quarterly consolidated balance sheet under the gross method. The carrying amount, excluding ancillary expenses, was ¥121.600 million, and the number of shares was 280,000.」
The implementation status of the stock compensation plan is shown, with the stock delivery trust for directors holding 280,000 shares and recording a carrying amount of ¥121.600 million. - FY2017-Q1First statedAnnual report
「The company is introducing this plan to clarify the linkage between compensation for covered directors and the company’s medium- to long-term performance and share value, and to increase covered directors’ awareness of contributing to the company’s sustainable growth and enhancement of corporate value by sharing with shareholders not only the benefits of a rising share price but also the risks of a decline. The plan is a performance-linked stock compensation program under which the company delivers its shares through a trust based on points granted to each covered director according to criteria such as performance achievement. Scheduled trust termination: end of August 2018. Number of shares to be disposed of: 280,000 shares of the company’s common stock.」
The company is introducing a plan that links compensation for covered directors to medium- to long-term performance and share value, with points awarded according to performance achievement and shares delivered through a trust. The planned trust termination date and number of shares to be disposed of are also stated.