Performance- and ROE-linked Share-based Compensation for Executives
First written in FY2016. 9 of 17 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 1 of 6 companies on the "Worse" side.
25 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「For the evaluation metrics in Phase I of the New Growth Strategy, ROE and consolidated operating margin will be used as performance targets, while the engagement score and ESG evaluation score will be used as ESG targets.」
The engagement score and ESG evaluation score continue to be applied as evaluation metrics for executive stock compensation, alongside ROE and consolidated operating margin under Revive Vision 2030 Phase I. - 2026-06-03RestatedGeneral Meeting of Shareholders
「短期業績連動の金銭報酬は、基本方針に基づき、取締役等の企業価値向上への貢献意欲をより一層高め、新成長戦略（Revive Vision 2030）の着実な遂行を促すことを目的に、当該事業年度の役位及び業績目標の達成度（連結業績評価及び担当部門別業績評価）により決定します。」
Revive Vision 2030と連動するROE、連結営業利益率、エンゲージメント、ESG評価を用いた役員報酬の仕組みを継続している。 - FY2024ReframedAnnual report
「For the evaluation metrics in Phase I of the New Growth Strategy, ROE and consolidated operating margin will be used as performance targets, while the engagement score and ESG evaluation score will be used as ESG targets. ROE and consolidated operating margin will be calculated excluding unplanned, temporary performance effects arising from portfolio transformation through selection and concentration, including business acquisitions, disposals and withdrawals, undertaken to enhance enterprise value in the future.」
The evaluation metrics for executive stock compensation were reorganized from ROE, consolidated EBITDA and other metrics under the Second Medium-Term Management Plan to ROE, consolidated operating margin, engagement and ESG evaluation under Revive Vision 2030 Phase I. - FY2023RaisedAnnual report
「Following this revision to the plan, the number of stock points granted is calculated by multiplying the standard number of stock points established for each position by a coefficient determined according to the level of achievement of each evaluation metric, including performance and ESG targets. … The performance targets are ROE, calculated excluding amortization of newly recognized goodwill, and consolidated EBITDA, while the ESG targets are the engagement score and ESG evaluation score.」
The executive stock compensation plan was linked to the new medium-term management plan, with engagement and ESG evaluation added as metrics alongside ROE and consolidated EBITDA. The contribution limit for each covered period was increased from ¥620 million to ¥1.140 billion, and the share limit was increased from 330,000 shares to 420,000 shares. - FY2023-Q3RestatedAnnual report
「For purposes of calculating quarterly net income per share, shares of the Company held by the trust under the executive stock compensation plan, which are recorded as treasury shares in shareholders’ equity, are included in treasury shares deducted in calculating the average number of shares outstanding during the period (240 thousand shares for the previous third quarter cumulative period and 230 thousand shares for the current third quarter cumulative period).」
The practice of deducting shares held by the trust under the executive stock compensation plan as treasury shares in the EPS calculation has continued. - FY2022AdvancedAnnual report
「The targets for the evaluation metrics were ROE of 5.0% and consolidated operating profit of ¥5.0 billion. Actual results were ROE of 5.7% and an achievement rate against the business plan of 261.4% for the current consolidated fiscal year, based on consolidated operating profit of ¥13.068 billion.」
For performance-linked stock compensation, the Company disclosed actual results of ROE of 5.7%, consolidated operating profit of ¥13.068 billion and a business-plan achievement rate of 261.4%, against targets of ROE of 5.0% and consolidated operating profit of ¥5.0 billion. - FY2022-Q3RestatedAnnual report
「For purposes of calculating quarterly net income per share, shares of the Company held by the trust under the executive stock compensation plan, which are recorded as treasury shares in shareholders’ equity, are included in treasury shares deducted in calculating the average number of shares outstanding during the period (284 thousand shares for the previous third quarter cumulative period and 240 thousand shares for the current third quarter cumulative period).」
The practice of deducting shares held by the trust under the executive stock compensation plan as treasury shares in the EPS calculation has continued, with 240 thousand shares subject to deduction for the current third quarter cumulative period. - FY2022-Q2RestatedAnnual report
「For purposes of calculating quarterly net income or net loss per share, shares of the Company held by the trust under the executive stock compensation plan, which are recorded as treasury shares in shareholders’ equity, are included in treasury shares deducted in calculating the average number of shares outstanding during the period (299 thousand shares for the previous second quarter cumulative period and 243 thousand shares for the current second quarter cumulative period).」
The practice of deducting shares held by the trust under the executive stock compensation plan as treasury shares in the EPS calculation has continued, with 243 thousand shares subject to deduction in the first half of the current fiscal year. - FY2021AdvancedAnnual report
「Based on resolutions adopted at meetings of the Board of Directors held on 28 June 2018 and 29 June 2021, the Company has extended the plan through the fiscal year ending 31 March 2024.」
The Company disclosed a resolution to extend the performance- and ROE-linked executive stock compensation plan through the fiscal year ending March 2024. No performance targets were set for the fiscal year, and no points were to be granted. - FY2020-Q3RestatedAnnual report
「For purposes of calculating quarterly net income per share, shares of the Company held by the trust under the executive stock compensation plan, which are recorded as treasury shares in shareholders’ equity, are included in treasury shares deducted in calculating the average number of shares outstanding during the period (321 thousand shares for the previous third quarter cumulative period and 327 thousand shares for the current third quarter cumulative period).」
The practice of treating shares held by the trust under the executive stock compensation plan as treasury shares and deducting them in the EPS calculation has continued. - FY2020-Q2RestatedAnnual report
「For purposes of calculating quarterly net income per share, shares of the Company held by the trust under the executive stock compensation plan, which are recorded as treasury shares in shareholders’ equity, are included in treasury shares deducted in calculating the average number of shares outstanding during the period (308 thousand shares for the previous second quarter cumulative period and 333 thousand shares for the current second quarter cumulative period).」
The practice of treating shares held by the trust under the executive stock compensation plan as treasury shares has continued, with 333 thousand shares deducted for calculation purposes during the current cumulative quarter. - FY2019RestatedAnnual report
「At a meeting of the Board of Directors held on 28 June 2018, we resolved to extend the plan for a target period covering the 3 fiscal years from the fiscal year ending 31 March 2019 through the fiscal year ending 31 March 2021.」
The extended stock-based compensation plan for directors and other officers linked to consolidated operating profit, ROE and other metrics continues to operate. - FY2019-Q3RestatedAnnual report
「The common stock listed under “Shares with Full Voting Rights (Other)” includes 352,300 of the Company’s shares owned by the trust associated with the stock-based compensation plan for directors and other officers, representing 3,523 voting rights.」
The disclosure continues to show that the trust associated with the stock-based compensation plan for directors and other officers holds 352,300 shares. - FY2018AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 June 2018, we resolved to extend the plan for a target period covering the 3 fiscal years from the fiscal year ending 31 March 2019 through the fiscal year ending 31 March 2021.」
An extension of the target period to a new 3-fiscal-year period was approved for the performance- and share-value-linked stock-based compensation plan for directors and other officers. - FY2018-Q3RestatedAnnual report
「The common stock listed under “Shares with Full Voting Rights (Other)” includes 292,700 of the Company’s shares owned by the trust associated with the stock-based compensation plan for directors and other officers, representing 2,927 voting rights.」
The disclosure continues to show that the trust associated with the stock-based compensation plan for directors and other officers holds shares. - FY2017AdvancedAnnual report
「The decrease of 7,500 treasury shares resulted from the delivery of shares from the trust associated with the stock-based compensation plan for directors and other officers to eligible recipients.」
For the stock-based compensation plan for directors and other officers linked to business performance and share value, the delivery of 7,500 shares from the trust to eligible recipients is reported as having occurred. - FY2016First statedAnnual report
「Under this plan, covering 3 consecutive fiscal years (initially, the 3 fiscal years from the fiscal year ended 31 March 2016 through the fiscal year ending 31 March 2018, and, if extended by resolution of the Board of Directors, each subsequent 3-fiscal-year period), the Company’s shares are acquired through a trust using funds contributed by the Company equivalent to the compensation payable to directors and other officers. Depending on the recipient’s position and the degree of achievement of performance targets, including consolidated operating profit and ROE, the directors and other officers receive the Company’s shares and cash equivalent to the proceeds from the disposal of the Company’s shares.」
The target period, performance metrics, and mechanism for delivering shares through a trust are described.