Introduction of a Stock Compensation System Linked to Share Price and Performance
First written in FY2022. 3 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Bonuses are paid as performance-linked cash compensation reflecting key performance indicators (KPIs), in order to raise awareness of improving performance in each fiscal year and clarify the company’s commitment to stakeholders regarding this matter. The amount payable is calculated by multiplying the bonus calculation base amount established for each officer by an overall evaluation factor for annual performance, ranging from 0% to 200%, and is paid monthly together with base compensation in 12 installments.」
The company continues to operate an executive compensation plan using KPIs such as revenue, profit, share-price growth, and EBITDA, together with evaluation factors ranging from 0% to 200%. - FY2024-Q3RestatedAnnual report
「Certain of the company’s performance share units, which vest upon achievement of specified performance conditions, were not included in the calculation of diluted quarterly net income per share for the nine-month period ended 31 December because achievement of those conditions was not considered probable.」
The company continues to disclose that certain performance share units subject to performance conditions were excluded from the calculation of diluted earnings because achievement of the conditions was not considered probable. - FY2023RestatedAnnual report
「Bonuses are paid as performance-linked cash compensation reflecting key performance indicators (KPIs), in order to raise awareness of improving performance in each fiscal year and clarify the company’s commitment to stakeholders regarding this matter. The amount payable is calculated by multiplying the bonus calculation base amount established for each officer by an overall evaluation factor for annual performance, ranging from 0% to 200%, and is paid monthly together with base compensation in 12 installments.」
The company continues to disclose a system for performance-linked cash and stock compensation using KPIs such as revenue, net income, operating income, relative share-price growth, and EBITDA, together with evaluation factors ranging from 0% to 200%. - FY2023-Q3Disclosure regarding the likelihood of achievementAnnual report
「Certain of the company’s performance share units, which vest upon achievement of specified performance conditions, were not included in the calculation of diluted quarterly net income for the nine-month period ended 31 December because achievement of those conditions was not considered probable.」
The company disclosed that certain performance share units subject to performance conditions were excluded from the calculation of diluted earnings because achievement of those conditions was not considered probable. - FY2022First statedAnnual report
「Under this stock-based compensation plan, the company will deliver, after the end of the performance evaluation period, a number of the company’s common shares (the “Company Shares”) calculated according to the degree of achievement of performance targets for the period corresponding to the medium-term management plan established by the company (the “Performance Evaluation Period”). The initial Performance Evaluation Period is the 3 fiscal years from 1 April 2022 to 31 March 2025. After the initial Performance Evaluation Period ends, the company plans to continue the performance-linked stock compensation plan by designating as a new Performance Evaluation Period the period corresponding to each newly established medium-term management plan. For delivery of the shares, the predetermined number based on each eligible director’s position and other factors is adjusted within a range of 0% to 200% according to the company’s relative share-price growth rate, cumulative revenue achievement rate, and cumulative EBITDA achievement rate. The eligible directors will receive monetary compensation after the end of the Performance Evaluation Period according to the achievement rates for the above targets, and the Company Shares will be delivered by contributing all of the resulting monetary compensation claims in kind when the company issues shares or disposes of treasury shares.」
The company introduced a plan covering the period from April 2022 to March 2025, under which achievement of the relative share-price growth rate, revenue, and EBITDA targets is reflected in stock compensation at rates ranging from 0% to 200%.