Transition to performance-linked, trust-based share compensation and proactive governance
First written in FY2017. 13 of 27 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Directors' compensation will comprise 50% base compensation, 20% short-term performance-linked compensation and 30% stock compensation.」
A new system increasing the stock compensation component of executive directors' compensation from 17% to 30% was introduced in July 2025. The stock compensation component under Trust II incorporates financial, non-financial and share price measures. - 2026-05-21AdvancedGeneral Meetings of Shareholders
「The carrying amount and number of the company's shares remaining in the trust were ¥1,934 million and 2,573 thousand shares, respectively, at the end of the current consolidated fiscal year, and were recorded as treasury shares under net assets.」
The company disclosed the shares held in the trust and their carrying amount at year-end under the stock-based compensation system utilizing a trust for officers. - FY2026-H1Increase in the balance of shares held by the trustAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥1,037 million and 2.425 million shares at the end of the previous consolidated fiscal year, and ¥1,934 million and 2.573 million shares at the end of the current interim consolidated accounting period. They are recorded as treasury shares under net assets.」
Under the trust-based stock compensation plan for directors and executive officers, shares held by the trust increased from 2.425 million to 2.573 million, while their carrying amount increased from ¥1,037 million to ¥1,934 million. - FY2025RaisedAnnual report
「We will increase the proportion of stock compensation, which provides a medium- to long-term incentive.」
In line with the new medium-term management plan, a proposal was presented to revise the compensation structure for executive directors to 50% base compensation, 20% short-term performance-linked compensation and 30% stock compensation. The proposal would increase the stock compensation ratio from the previous 17%. - FY2024-Q2Decline in shares held by the trustAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥1,103 million and 2.581 million shares at the end of the previous consolidated fiscal year, and ¥1,037 million and 2.425 million shares at the end of the current interim consolidated accounting period. They are recorded as treasury shares under net assets.」
Under the stock compensation plan using a trust, shares held by the trust decreased from 2.581 million at the end of the previous fiscal year to 2.425 million, while their carrying amount decreased from ¥1,103 million to ¥1,037 million. - FY2024-Q1Decline in shares held by the trustAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥1,103 million and 2.581 million shares at the end of the previous consolidated fiscal year, and ¥1,042 million and 2.436 million shares at the end of the first quarter of the current consolidated fiscal year. They are recorded as treasury shares under net assets.」
Under the stock compensation plan using a trust, shares held by the trust decreased from 2.581 million at the end of the previous fiscal year to 2.436 million, while their carrying amount decreased from ¥1,103 million to ¥1,042 million. - FY2023-Q3Increase in the balance of shares held by the trustAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥1,008 million and 2.388 million shares at the end of the previous consolidated fiscal year, and ¥1,103 million and 2.581 million shares at the end of the third quarter of the current consolidated fiscal year. They are recorded as treasury shares under net assets.」
Under the stock compensation plan using a trust, shares held by the trust increased from 2.388 million at the end of the previous fiscal year to 2.581 million, while their carrying amount increased from ¥1,008 million to ¥1,103 million. - FY2023-Q2Increase in the balance of shares held by the trustAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥1,008 million and 2.388 million shares at the end of the previous consolidated fiscal year, and ¥1,103 million and 2.581 million shares at the end of the current interim consolidated accounting period. They are recorded as treasury shares under net assets.」
Under the stock compensation plan using a trust, shares held by the trust increased from 2.388 million at the end of the previous fiscal year to 2.581 million, while their carrying amount increased from ¥1,008 million to ¥1,103 million. - FY2023-Q1Decline in shares held by the trustAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥1,008 million and 2.388 million shares at the end of the previous consolidated fiscal year, and ¥951 million and 2.251 million shares at the end of the first quarter of the current consolidated fiscal year. They are recorded as treasury shares under net assets.」
Under the stock compensation plan using a trust, shares held by the trust decreased from 2.388 million to 2.251 million, while their carrying amount decreased from ¥1,008 million to ¥951 million. - FY2022Change in performance measures under the new medium-term management planAnnual report
「Following the launch of a new medium-term management plan from fiscal 2022, the measures used to evaluate the achievement of the plan's performance targets have been, since July 2022, the target measures under that plan: consolidated OHR, consolidated ROE on a shareholders' equity basis, and the consolidated Common Equity Tier 1 ratio under Basel III finalization, on a fully implemented basis and excluding valuation differences on other securities.」
The performance measures for performance-linked stock compensation were changed to the 3 measures under the new medium-term management plan beginning in fiscal 2022. Shares held by the trust decreased from 2.469 million at the end of the previous fiscal year to 2.388 million. - FY2022-Q2Decline in shares held by the trustAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥1,042 million and 2.469 million shares at the end of the previous consolidated fiscal year, and ¥1,008 million and 2.388 million shares at the end of the current interim consolidated accounting period. They are recorded as treasury shares under net assets.」
Under the stock compensation plan using a trust, shares held by the trust decreased from 2.469 million to 2.388 million, while their carrying amount decreased from ¥1,042 million to ¥1,008 million. - FY2022-Q1Decline in shares held by the trustAnnual report
「The book value and number of company shares remaining in the trusts were ¥1,042 million and 2,469 thousand shares at the end of the previous consolidated fiscal year, and ¥1,020 million and 2,417 thousand shares at the end of the first quarter of the fiscal year, respectively. They were recorded as treasury shares under net assets.」
Under the stock compensation plan using a trust, the number of shares held by the trust decreased from 2.469 million at the end of the previous fiscal year to 2.417 million. The plan's two-trust structure remains in place. - FY2021AdvancedAnnual report
「Under Trust II, company shares, etc. equivalent to the amount reflecting a performance-linked coefficient based on the achievement of the medium-term management plan's performance targets and other factors, applied to the standard amount for each position, will be delivered or paid at the end of the medium-term management plan. The coefficient varies from 75% to 200% according to the degree of achievement.」
For performance-linked Trust II, the Company explicitly stated its compensation policy of applying a coefficient that varies from 75% to 200% according to performance achievement and delivering the compensation at the end of the medium-term management plan. - FY2021-Q3Changes in shares held in the trustsAnnual report
「The book value and number of company shares remaining in the trusts were ¥1,107 million and 2,626 thousand shares at the end of the previous consolidated fiscal year, and ¥1,042 million and 2,469 thousand shares at the end of the third quarter of the fiscal year, respectively. They were recorded as treasury shares under net assets.」
Under the trust-based stock compensation plan, shares remaining in the trusts decreased from 2.626 million at the end of the previous fiscal year to 2.469 million, while their book value decreased from ¥1,107 million to ¥1,042 million. - FY2021-Q2AdvancedAnnual report
「The book value and number of company shares remaining in the trusts were ¥1,107 million and 2,626 thousand shares at the end of the previous consolidated fiscal year, and ¥1,062 million and 2,516 thousand shares at the end of the current interim consolidated accounting period, respectively. They were recorded as treasury shares under net assets.」
For the trust-based stock compensation plan, the Company stated that shares held in the trusts totaled 2,516 thousand at the end of the interim period, with a book value of ¥1,062 million. - FY2020AdvancedAnnual report
「The book value and number of company shares remaining in the trusts were ¥531 million and 927 thousand shares at the end of the previous consolidated fiscal year, and ¥1,107 million and 2,626 thousand shares at the end of the current consolidated fiscal year, respectively. They were recorded as treasury shares under net assets.」
Under the trust-based stock compensation plan, shares held in the trusts increased from 927 thousand to 2,626 thousand. The mechanism of using the 4 indicators under the current medium-term management plan to assess performance-linked compensation also remains in place. - FY2020-Q3AdvancedAnnual report
「The book value and number of company shares remaining in the trusts were ¥531 million and 927 thousand shares at the end of the previous consolidated fiscal year, and ¥1,109 million and 2,631 thousand shares at the end of the third quarter of the fiscal year, respectively. They were recorded as treasury shares under net assets.」
For the trust-based stock compensation plan, the Company stated that shares held in the trusts totaled 2,631 thousand at the end of the third quarter, with a book value of ¥1,109 million. - FY2020-Q2AdvancedAnnual report
「The book value and number of company shares remaining in the trusts were ¥531 million and 927 thousand shares at the end of the previous consolidated fiscal year, and ¥1,136 million and 2,696 thousand shares at the end of the current interim consolidated accounting period, respectively. They were recorded as treasury shares under net assets.」
For the trust-based stock compensation plan, the Company stated that shares held in the trusts totaled 2,696 thousand at the end of the interim period, with a book value of ¥1,136 million. - FY2020-Q1AdvancedAnnual report
「The book value and number of company shares remaining in the trusts were ¥531 million and 927 thousand shares at the end of the previous consolidated fiscal year, and ¥518 million and 904 thousand shares at the end of the first quarter of the fiscal year, respectively. They were recorded as treasury shares under net assets.」
For the trust-based stock compensation plan, the Company stated that shares held in the trusts totaled 904 thousand at the end of the first quarter, with a book value of ¥518 million. - FY2019AdvancedAnnual report
「Following the launch of a new medium-term management plan in fiscal 2019, the indicators used from July 2019 to assess the achievement of the medium-term management plan's performance targets are the target indicators in that plan: gross operating profit RORA, OHR, ROE (on a shareholders' equity basis) and common equity Tier 1 ratio.」
With the launch of the new medium-term management plan, the performance indicators for performance-linked stock compensation were changed to the 4 indicators under the new plan. - FY2019-Q3AdvancedAnnual report
「The trusts comprise one under which company shares and cash equivalent to the proceeds from the sale of company shares (the "Company Shares, etc.") are delivered or paid according to the participant's position after retirement, and another under which the Company Shares, etc. are delivered or paid according to the degree of achievement of the management plan's performance targets after the end of the medium-term management plan. The book value and number of company shares remaining in the trusts were ¥588 million and 1,026 thousand shares at the end of the previous consolidated fiscal year, and ¥531 million and 927 thousand shares at the end of the third quarter of the fiscal year, respectively. They were recorded as treasury shares under net assets.」
The Company reconfirmed the two-trust structure, comprising a post-retirement benefit plan and a plan linked to the medium-term management plan's performance targets, and stated that shares held in the trusts totaled 927 thousand at the end of the third quarter, with a book value of ¥531 million. - FY2019-Q2AdvancedAnnual report
「The book value and number of company shares remaining in the trusts were ¥588 million and 1,026 thousand shares at the end of the previous consolidated fiscal year, and ¥549 million and 957 thousand shares at the end of the current interim consolidated accounting period, respectively. They were recorded as treasury shares under net assets.」
For the trust-based stock compensation plan, the Company stated that shares held in the trusts totaled 957 thousand at the end of the interim period, with a book value of ¥549 million, reflecting deliveries and sales during the period. - FY2019-Q1RestatedAnnual report
「The trusts comprise one under which company shares and cash equivalent to the proceeds from the sale of company shares (the "Company Shares, etc.") are delivered or paid according to the participant's position after retirement, and another under which the Company Shares, etc. are delivered or paid according to the degree of achievement of the management plan's performance targets after the end of the medium-term management plan. The book value and number of company shares remaining in the trusts were ¥588 million and 1,026 thousand shares at the end of the previous consolidated fiscal year, and ¥579 million and 1,010 thousand shares at the end of the first quarter of the fiscal year, respectively. They were recorded as treasury shares under net assets.」
The Company reconfirmed the two-trust structure, comprising a post-retirement benefit plan and a plan linked to the medium-term management plan's performance targets, and disclosed that shares held in the trusts totaled 1,010 thousand at the end of the quarter, with a book value of ¥579 million. - FY2018AdvancedAnnual report
「From the current consolidated fiscal year, the Company has introduced a trust-based stock compensation plan (the "Plan") to align its interests with those of shareholders, promote sustainable growth across the group and increase motivation to enhance corporate value over the medium to long term.」
The Company confirmed that the trust-based stock compensation plan announced in the previous fiscal year was introduced from the current fiscal year. Shares held in the trusts totaled 1,026 thousand, with a book value of ¥588 million. - FY2018-Q3RestatedAnnual report
「From the second quarter of the fiscal year, the Company has introduced a trust-based stock compensation plan (the "Plan") to align its interests with those of shareholders, promote sustainable growth across the group and increase motivation to enhance corporate value over the medium to long term. The trusts comprise one under which company shares and cash equivalent to the proceeds from the sale of company shares (the "Company Shares, etc.") are delivered or paid according to the participant's position after retirement, and another under which the Company Shares, etc. are delivered or paid according to the degree of achievement of the management plan's performance targets after the end of the medium-term management plan. At the end of the third quarter of the fiscal year, the book value and number of company shares remaining in the trusts were ¥588 million and 1,026 thousand shares, respectively, and they were recorded as treasury shares under net assets.」
The Company reconfirmed the purpose and two-trust structure of the trust-based stock compensation plan introduced from the second quarter, and stated that shares held in the trusts had a book value of ¥588 million and totaled 1,026 thousand shares at the end of the third quarter. - FY2018-Q2AdvancedAnnual report
「From the current interim consolidated accounting period, the Company has introduced a trust-based stock compensation plan (the "Plan") to align its interests with those of shareholders, promote sustainable growth across the group and increase motivation to enhance corporate value over the medium to long term.」
The Company specified that the trust-based stock compensation plan announced in the previous fiscal year was introduced from the current interim consolidated accounting period. Trusts were established for post-retirement benefits and for benefits linked to achievement of the medium-term management plan's performance targets. - FY2017First statedAnnual report
「For stock compensation, the Company will replace its current stock option plan with two trust-based plans: one under which company shares and cash equivalent to the proceeds from the sale of company shares will be delivered and paid at retirement, and another under which company shares and cash equivalent to the proceeds from the sale of company shares will be delivered and paid at the end of the medium-term management plan according to the achievement of performance targets. Maximum trust funding: Trust I, ¥336 million; Trust II, ¥536 million.」
The Company indicated a policy of transitioning from stock options to two trust-based plans: one providing benefits upon retirement and the other linked to achievement of the medium-term management plan's performance targets. Maximum trust funding was also set.