Medium- to Long-Term Performance-Linked Executive Compensation Scheme
First written in FY2017. 9 of 12 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「The common shares included in the “Fully Voting Shares (Other)” category include 155,400 of the company's shares held by the trust account relating to the “performance-linked compensation plan” (1,554 voting rights).」
The company continues to disclose the 155,400 shares held by the trust account under the performance-linked compensation plan. - FY2022RestatedAnnual report
「Our performance-linked compensation comprises short-term incentives paid according to the company's annual performance and medium- to long-term incentives, introduced to share an awareness of profits with shareholders and strengthen commitment to achieving business targets over the medium to long term.」
The company continues to disclose a performance-linked compensation plan comprising short-term annual bonuses and medium- to long-term stock benefit trust compensation. For fiscal 2021, no bonus or stock benefit was paid, reflecting the failure to meet the consolidated operating income target. - FY2022-Q2RestatedAnnual report
「The common shares included in the “Fully Voting Shares (Other)” category include 155,400 of the company's shares held by the trust account relating to the “performance-linked compensation plan” (1,554 voting rights).」
The company continues to disclose the holding of 155,400 of its shares by the trust account under the introduced performance-linked stock compensation plan. - FY2022-Q1RestatedAnnual report
「The common shares included in the “Fully Voting Shares (Other)” category include 155,400 of the company's shares held by the trust account relating to the “performance-linked compensation plan” (1,554 voting rights).」
The company continues to disclose the holding of 155,400 of its shares by the trust account under the introduced performance-linked stock compensation plan. - FY2021SoftenedAnnual report
「At the 90th annual general meeting of shareholders held on 25 June 2021, the maximum amount per covered period under this plan was revised from ¥321 million to ¥216 million, and stock-based compensation for each covered period was resolved at no more than 477 thousand shares.」
The performance-linked compensation plan will continue, while the maximum amount per covered period was reduced from no more than ¥321 million to no more than ¥216 million. No stock benefit trust-based compensation was paid for fiscal 2020. - FY2020-Q2RestatedAnnual report
「The common shares included in the “Fully Voting Shares (Other)” category include 155,400 of the company's shares held by the trust account relating to the “performance-linked compensation plan” (1,554 voting rights).」
The company continues to disclose the holding of its shares by the trust account under the introduced performance-linked compensation plan. - FY2020-Q1RestatedAnnual report
「The common shares included in the “Fully Voting Shares (Other)” category include 155,400 of the company's shares held by the trust account relating to the “performance-linked compensation plan” (1,554 voting rights).」
The company continues to disclose the holding of its shares by the trust account under the introduced performance-linked compensation plan. - FY2019-Q3RestatedAnnual report
「The common shares included in the “Fully Voting Shares (Other)” category include 155,400 of the company's shares held by the trust account relating to the “performance-linked compensation plan” (1,554 voting rights).」
The company continues to disclose the holding of its shares by the trust account under the introduced performance-linked compensation plan. - FY2019-Q2RestatedAnnual report
「The common shares included in the “Fully Voting Shares (Other)” category include 155,400 of the company's shares held by the trust account relating to the “performance-linked compensation plan” (1,554 voting rights).」
The company continues to disclose the holding of its shares by the trust account under the introduced performance-linked compensation plan. - FY2019-Q1RestatedAnnual report
「The common shares included in the “Fully Voting Shares (Other)” category include 155,400 of the company's shares held by the trust account relating to the “performance-linked compensation plan” (1,554 voting rights).」
The company continues to disclose the holding of its shares by the trust account under the introduced performance-linked compensation plan. - FY2018-Q3AdvancedAnnual report
「Under this plan, the company provides its shares to directors, executive officers and others who satisfy certain beneficiary requirements set out in advance in the company's Stock Benefit Rules.」
The company has specified the Stock Benefit Rules, beneficiary requirements and stock benefit mechanism for the introduced performance-linked stock compensation plan. It also states that the trust holds 155,429 treasury shares with a carrying amount of ¥255 million. - FY2017First statedAnnual report
「At the annual general meeting of shareholders held on 23 June 2017, we resolved to introduce a medium- to long-term performance-linked compensation plan, a highly transparent and objective compensation system closely linked to the company's performance and share value. The plan is intended to promote a medium- to long-term perspective and heighten awareness among directors, executive officers, chief engineers and department heads of their contribution to improving performance and increasing corporate value. The maximum executive compensation to be provided to directors, executive officers and others during the covered period is ¥321 million in total, combining this trust and the cash compensation plan.」
The company introduced an executive compensation plan linked to performance and share value, applying a stock benefit trust to residents of Japan and a cash compensation plan to non-residents of Japan. The covered period comprises the 3 fiscal years from the fiscal year ending March 2018 through the fiscal year ending March 2020.