Introduction of Performance-Linked Stock Compensation and BIP Trusts
First written in FY2018. 13 of 18 entries say "Restated". Latest entry: FY2025-H1.
Iriso Electronics moved to the "Worse" side of this theme in 2024, 2 years before the typical company in this theme (2026).
8 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「From the fiscal year ended March 2019, the Company introduced the "officer compensation BIP trust" (the "Plan") as a performance-linked stock compensation plan for its directors (excluding directors serving as Audit and Supervisory Committee members, outside directors and non-residents of Japan) and executive officers (excluding non-residents of Japan). The trust ended on 31 August 2024, and shares have been delivered to the officers. In connection with the termination of the Plan, the Company began paying performance-linked bonuses to officers from the current fiscal year and has recorded the estimated amount payable as a provision for bonuses to officers.」
The officer compensation BIP trust ended on 31 August 2024, and following the delivery of shares, the Plan was changed to performance-linked bonuses. - FY2024-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥851 million and 149,576 shares at the end of the previous consolidated fiscal year, and ¥839 million and 147,426 shares at the end of the second quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan and updated the shares held by the Executive Compensation BIP Trust to a carrying amount of ¥839 million and 147,426 shares. - FY2024-Q1RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position in each fiscal year, as well as cash equivalent to the proceeds from the sale of the Company's shares. The Company's shares remaining in the trust are recorded 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 ¥851 million and 149,576 shares at the end of the previous consolidated fiscal year, and ¥851 million and 149,576 shares at the end of the first quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan. Trust-held shares remain unchanged from the end of the previous fiscal year at a carrying amount of ¥851 million and 149,576 shares. - FY2023-Q3RestatedAnnual report
「The Company's shares remaining in the trust are recorded 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 ¥858 million and 150,752 shares at the end of the previous consolidated fiscal year, and ¥851 million and 149,576 shares at the end of the third quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan through the Executive Compensation BIP Trust, reconfirming trust-held shares with a carrying amount of ¥851 million and a number of 149,576 shares. - FY2023-Q2RestatedAnnual report
「The Company's shares remaining in the trust are recorded 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 ¥858 million and 150,752 shares at the end of the previous consolidated fiscal year, and ¥851 million and 149,576 shares at the end of the second quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan through the Executive Compensation BIP Trust and updated the balance of trust-held shares to a carrying amount of ¥851 million and 149,576 shares. - FY2022AdvancedAnnual report
「Trust agreement date: 3 August 2018 (an agreement extending the trust period was executed on 6 August 2021) • Trust period: 3 August 2018 to 31 August 2024 (scheduled) (Extended to 31 August 2024 under the agreement extending the trust period dated 6 August 2021)」
The company reports the terms of the agreement extending the trust period for the Executive Compensation BIP Trust through 31 August 2024. Trust-held shares total 150,752, with a carrying amount of ¥858 million. - FY2022-Q3RestatedAnnual report
「The Company's shares remaining in the trust are recorded 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 ¥668 million and 106,738 shares at the end of the previous consolidated fiscal year, and ¥858 million and 150,752 shares at the end of the third quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan through the Executive Compensation BIP Trust, reconfirming trust-held shares with a carrying amount of ¥858 million and a number of 150,752 shares. - FY2022-Q2RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position in each fiscal year, as well as cash equivalent to the proceeds from the sale of the Company's shares. The Company's shares remaining in the trust are recorded 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 ¥668 million and 106,738 shares at the end of the previous consolidated fiscal year, and ¥858 million and 150,752 shares at the end of the second quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan and updated the balance of trust-held shares to a carrying amount of ¥858 million and 150,752 shares. No new resolution to introduce or extend the Plan is reported. - FY2022-Q1RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position in each fiscal year, as well as cash equivalent to the proceeds from the sale of the Company's shares. The Company's shares remaining in the trust are recorded 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 ¥668 million and 106,738 shares at the end of the previous consolidated fiscal year, and ¥601 million and 96,052 shares at the end of the first quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan through the Executive Compensation BIP Trust. At the end of the first quarter of the current accounting period, trust-held shares totaled 96,052, with a carrying amount of ¥601 million. - FY2021AdvancedAnnual report
「The Board of Directors resolved at its meeting held on 22 January 2021 to extend the Plan.」
For the Executive Compensation BIP Trust, the company resolved to extend the Plan beyond the original eligible period, with the trust period extended through 31 August 2021. - FY2021-Q3RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021, as well as cash equivalent to the proceeds from the sale of the Company's shares. The Company's shares remaining in the trust are recorded 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 ¥669 million and 106,940 shares at the end of the previous consolidated fiscal year, and ¥668 million and 106,738 shares at the end of the third quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan through the BIP trust, reconfirming the eligible period, the performance-target-linked mechanism and trust-held shares with a carrying amount of ¥668 million and a number of 106,738 shares. - FY2021-Q2RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021, as well as cash equivalent to the proceeds from the sale of the Company's shares. The Company's shares remaining in the trust are recorded 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 ¥669 million and 106,940 shares at the end of the previous consolidated fiscal year, and ¥668 million and 106,738 shares at the end of the second quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021. Trust-held shares total 106,738, with a carrying amount of ¥668 million. - FY2021-Q1RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021, as well as cash equivalent to the proceeds from the sale of the Company's shares. The Company's shares remaining in the trust are recorded 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 ¥669 million and 106,940 shares at the end of the previous consolidated fiscal year, and ¥669 million and 106,940 shares at the end of the first quarter of the current consolidated accounting period.」
The company continues to operate the performance-based stock compensation plan for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021, reconfirming trust-held shares with a carrying amount of ¥669 million and a number of 106,940 shares. - FY2020-Q3RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021, as well as cash equivalent to the proceeds from the sale of the Company's shares. The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental costs. At the end of the third quarter of the current consolidated accounting period, the carrying amount and number of these treasury shares were ¥669 million and 106,940 shares, respectively.」
The company continues to operate the performance-based stock compensation plan through the BIP trust, reconfirming the eligible period, the performance-target-linked mechanism and the carrying amount and number of trust-held shares. - FY2020-Q1RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021, as well as cash equivalent to the proceeds from the sale of the Company's shares.」
The company reconfirms that the performance-based stock compensation plan is being operated for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021. Trust-held shares total 107,000, with a carrying amount of ¥669 million. - FY2019RestatedAnnual report
「Under this Plan, the Executive Compensation BIP Trust established by the Company acquires the Company's shares using funds contributed by the Company. Through the trust, directors and other eligible persons receive the Company's shares corresponding to points granted according to the achievement of performance targets and position for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021, as well as cash equivalent to the proceeds from the sale of the Company's shares.」
The performance-based stock compensation plan using the BIP trust is being operated for the 3 fiscal years from the fiscal year ending March 2019 through the fiscal year ending March 2021. - FY2019-Q2AdvancedAnnual report
「From the second quarter of the current consolidated accounting period, the Company introduced the Executive Compensation BIP Trust (the "Plan") as a performance-based stock compensation plan for the Company's directors, excluding directors who are Audit and Supervisory Committee members, outside directors and non-residents of Japan, and for executive officers, excluding non-residents of Japan. The Company's shares remaining in the trust are recorded as treasury shares under net assets at their carrying amount in the trust, excluding incidental costs. At the end of the second quarter of the current consolidated accounting period, the carrying amount and number of these treasury shares were ¥669 million and 107,000 shares, respectively.」
For the performance-based stock compensation plan for which the introduction policy was announced in the previous fiscal year, the company actually introduced the BIP trust from the second quarter of the current consolidated accounting period and recorded 107,000 trust-held shares with a carrying amount of ¥669 million. - FY2018First statedAnnual report
「Performance-based stock compensation uses an executive compensation BIP (Board Incentive Plan) trust to further increase directors' motivation to contribute to improving the Group's medium- to long-term performance and increasing corporate value. The Company will deliver its shares or pay cash based on the number of share-delivery points granted according to each director's position and the Company's performance. The cap on this stock compensation is ¥730 million in total over 3 fiscal years.」
The company introduced performance-based stock compensation using a BIP trust to improve medium- to long-term performance and increase corporate value, setting a cap of ¥730 million in total over 3 fiscal years.