Introducing a Restricted Stock Compensation Plan for Executive Officers
First written in FY2020. 5 of 8 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The performance evaluation metrics for fiscal 2026 (1 March 2026 to 28 February 2027) are as follows. ROE 5% benchmark 10% or higher: 150% 9% or higher: 140% 8% or higher: 130% 7% or higher: 120% 6% or higher: 110% 5% or higher: 100%」
For the performance-linked restricted stock compensation plan for directors, ROE was adopted as the evaluation metric for fiscal 2026, with a performance-linked coefficient of 0% to 150% established based on an ROE benchmark of 5%, and the plan has moved into the implementation phase. - FY2025RaisedAnnual report
「The total amount of monetary compensation receivables and final cash payments made as compensation and other payments under the Plan is capped at ¥70 million for each eligible period, and the total number of performance-linked restricted shares allocated to eligible directors is capped at 175,000 shares for each eligible period.」
In addition to the existing restricted stock compensation for directors and executive officers, a performance-linked plan for directors was introduced, with limits of ¥70 million and 175,000 shares for each eligible period. - FY2025-Q1AdvancedAnnual report
「Based on the disposal of treasury shares as restricted stock compensation approved at the Board of Directors meeting held on 24 May 2024, 14,500 treasury shares were disposed of on 11 June 2024.」
The Company disclosed the disposal of 14,500 treasury shares as restricted stock compensation on 11 June 2024. - FY2024-Q1AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors dated 26 May 2023, 27,700 new shares were issued as restricted stock compensation on 13 June 2023. As a result, the total number of shares issued increased to 10,906,300.」
The Company issued 27,700 shares as restricted stock compensation, continuing implementation of the plan. The issue date was 13 June 2023, after the end of the quarter. - FY2023-Q2AdvancedAnnual report
「14 June 2022 (Note) Increase resulting from the issuance of new shares as restricted stock compensation. Issue price: ¥581; amount credited to capital: ¥290.5; allottees: 5 directors, excluding outside directors and directors who are Audit and Supervisory Committee members, and 5 executive officers」
On 14 June 2022, 35,000 new shares were issued as restricted stock compensation to 5 directors and 5 executive officers. - FY2022-Q1AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors dated 25 May 2021, 13,600 new shares were issued as restricted stock compensation on 14 June 2021. It was resolved to pay total monetary compensation receivables of ¥16,034,400 to the 2 eligible directors and 6 executive officers scheduled to receive the allocation and to allocate 13,600 of the Company’s common shares as specified restricted shares.」
Under the restricted stock compensation plan, which was expanded from executive officers to eligible directors, 13,600 shares were issued to 2 directors and 6 executive officers. - FY2021ReframedAnnual report
「At the 59th Annual General Meeting of Shareholders held on 25 May 2021, approval was obtained to introduce a restricted stock compensation plan for the Company’s directors, excluding outside directors and directors who are Audit and Supervisory Committee members. The total amount of compensation for allocating restricted shares is capped at ¥42 million per year, separately from the amount of compensation and other payments to the directors referred to above and the amount of compensation and other payments under the performance-linked stock compensation plan. The total number of restricted shares allocated to eligible directors is capped at 40,000 shares per fiscal year.」
The restricted stock compensation plan originally introduced for executive officers has been expanded to cover directors as well. The allocation for directors is capped at ¥42 million per year and 40,000 shares per year. - FY2020First statedAnnual report
「We have introduced a stock-based compensation plan (the “Plan”) under which restricted shares with a 3-year transfer restriction period are allocated to our executive officers. The purpose is to align executive officers’ interests with those of shareholders by sharing the benefits and risks arising from share-price movements, raise their awareness of contributing to share-price appreciation, improved medium- to long-term performance and increased corporate value, and support the achievement of the targets under the new medium-term management plan.」
In addition to performance-linked stock compensation for directors, a restricted stock compensation plan with a 3-year transfer restriction period has been introduced for executive officers, with a total plan amount of ¥7 million.