Linking Share-Based Compensation to Corporate Value Over the Medium to Long Term
First written in FY2016. 3 of 7 entries say "Advanced", first in FY2018. Latest entry: FY2024.
6 other companies' latest entry also says "Raised".
- FY2024RaisedAnnual report
「The trust periods were extended to 31 August 2027 by a resolution of the Board of Directors meeting held on 28 May 2024.」
The term of the ESOP trust for management and the BIP trust for executive compensation was extended to 31 August 2027. Disclosure was also made of a resolution to increase the annual limit on stock-based compensation points for directors and executive officers from 1 million to 1.5 million points. - FY2021AdvancedAnnual report
「The trust periods were extended to 31 August 2021 by a resolution of the Board of Directors meeting held on 8 May 2018 and to 31 August 2024 by a resolution of the Board of Directors meeting held on 10 May 2021, respectively.」
The periods of the share-grant ESOP trust and executive compensation BIP trust were extended to 31 August 2024. In May 2021, the company also made additional contributions of ¥97 million for managers, ¥498 million to BIP Trust I and ¥1.582 billion to BIP Trust II. - FY2020AdvancedAnnual report
「In connection with the above plan revisions, and because a shortfall in the number of company shares corresponding to the share delivery points granted to eligible participants was expected, the company made additional contributions on 14 February 2020 of ¥190,300,000 to BIP Trust I and ¥693,000,000 to BIP Trust II.」
In response to the increase in the limit under the equity compensation plan, the company made additional contributions totaling approximately ¥900 million to BIP Trusts I and II in February 2020. - FY2019RaisedAnnual report
「At the 94th Annual General Meeting of Shareholders held on 27 June 2019, the company resolved to revise the terms of the plan, including raising the annual limit on total share delivery points from 500,000 points to 1,000,000 points, equivalent to 100,000 company shares.」
The company raised the annual limit on share delivery points for executive equity compensation from 500,000 points to 1,000,000 points, increasing the linkage with medium- to long-term performance and value sharing with shareholders. - FY2018AdvancedAnnual report
「The trust period was extended to 31 August 2021 by a resolution of the Board of Directors meeting held on 8 May 2018.」
The trust periods for the share-grant ESOP trust and executive compensation BIP trust were extended to 31 August 2021. The company also disclosed a resolution to make an additional ¥2.067 billion contribution to the executive BIP scheme trust in May 2018. - FY2017RestatedAnnual report
「In principle, company shares or other assets are delivered at a rate of 1 share per share delivery point after 3 years have elapsed from the grant of the relevant share delivery points.」
The company continues to link executive compensation with medium- to long-term performance and corporate value through the BIP trust. - FY2016First statedAnnual report
「To further enhance directors' motivation to contribute to improved medium- to long-term performance and increased corporate value across the Group, the company uses an executive compensation BIP (Board Incentive Plan) trust structure to deliver or pay company shares and cash based on share delivery points granted according to each director's position and the company's performance, among other factors.」
The company introduced an ESOP trust for managers and a BIP trust for executives, with shares generally delivered 3 years after the grant of share delivery points.