Share-Based Compensation Plan Linked to Medium- to Long-Term Corporate Value Enhancement
First written in FY2018. 14 of 23 entries say "Restated". Latest entry: FY2026.
32 other companies' latest entry also says "Other".
- FY2026Reduction or non-payment of executive compensation following a review of the four-wheel electrification strategyAnnual report
「To clarify responsibility for the losses associated with the review of the four-wheel electrification strategy, STI payments to the Representative Executive Officer, President and the Representative Executive Officer, Executive Vice President will be withheld.」
To clarify responsibility for the review of the four-wheel electrification strategy, STI payments to the Representative Executive Officer, President and the Representative Executive Officer, Executive Vice President were withheld, and the performance-linked coefficients for LTI for the Representative Executive Officers were set at 40% or 61%. - FY2025RaisedAnnual report
「In addition, to further accelerate these initiatives and enable directors, executive officers and managers to work together to create social and economic value over the medium to long term, certain managers have been included in the plan's coverage from the fiscal year ending March 2026.」
In addition to BIP-type executive compensation, the ESOP-type stock grant plan for executive officers was expanded to include certain managers from the fiscal year ending March 2026. - FY2024RaisedAnnual report
「From fiscal 2024, the Company introduced a stock grant plan, the Stock Grant ESOP Trust, for executive officers who are employees of the Company, with the aim of accelerating efforts on important themes through the integrated involvement of directors and executive officers and further supporting the creation of social and economic value.」
The Company continues its executive BIP plan linked to long-term increases in corporate value and, from fiscal 2024, expanded its coverage to include an ESOP Trust-based stock grant plan for executive officers. From fiscal 2024 onward, CO2 emissions, employee engagement and total shareholder return, among other metrics, have also been added as KPIs for LTI. - FY2024-Q3RestatedAnnual report
「The ordinary shares in the “Fully Voting Shares (Other)” section include 2,379,100 of the Company's shares held by the executive compensation BIP (Board Incentive Plan) Trust (the “BIP Trust”), representing 23,791 voting rights, and 7,500 shares held in the name of the Japan Securities Depository Center, representing 75 voting rights.」
The operation of the stock compensation plan through the BIP Trust, linked to medium- to long-term performance and corporate value, has been reconfirmed. The number of shares held by the trust after the October 2023 stock split has been disclosed. - FY2024-Q1RestatedAnnual report
「The ordinary shares in the “Fully Voting Shares (Other)” section include 805,900 of the Company's shares held by the executive compensation BIP (Board Incentive Plan) Trust (the “BIP Trust”), representing 8,059 voting rights, and 2,500 shares held in the name of the Japan Securities Depository Center, representing 25 voting rights.」
The BIP Trust, linked to medium- to long-term performance and corporate value, remains in operation, and 805,900 shares held by the trust as of 30 June 2023 have been disclosed. - FY2023RestatedAnnual report
「The financial metrics are the consolidated operating profit margin and consolidated profit before tax as KPIs, with the payout varying between 50% and 150% according to the growth rate over 3 fiscal years. The non-financial metrics are brand value, the SRI index and employee activation as KPIs, with the payout varying between 50% and 150% according to the level of achievement against the target for the evaluation year. The evaluation results for the fiscal year under review were a 6% reduction from the standard amount for STI and payment based on a performance-linked coefficient of 109% for LTI.」
The structure of LTI based on financial and non-financial KPIs, growth over 3 fiscal years and coefficients ranging from 50% to 150%, together with the STI and LTI evaluation results for the year, has been reconfirmed. - FY2023-Q2RestatedAnnual report
「The ordinary shares in the “Fully Voting Shares (Other)” section include 959,000 of the Company's shares held by the executive compensation BIP (Board Incentive Plan) Trust (the “BIP Trust”), representing 9,590 voting rights, and 2,500 shares held in the name of the Japan Securities Depository Center, representing 25 voting rights.」
For the BIP Trust, linked to medium- to long-term performance and corporate value, 959,000 shares held by the trust as of 30 September 2022 have been disclosed. The number of shares is unchanged from the previous quarter's disclosure, reconfirming the operation of the plan. - FY2023-Q1RestatedAnnual report
「The ordinary shares in the “Fully Voting Shares (Other)” section include 959,000 of the Company's shares held by the executive compensation BIP (Board Incentive Plan) Trust (the “BIP Trust”), representing 9,590 voting rights, and 2,500 shares held in the name of the Japan Securities Depository Center, representing 25 voting rights.」
The BIP Trust, linked to medium- to long-term performance and corporate value, remains in operation, and 959,000 shares held by the trust as of 30 June 2022 have been disclosed. - FY2022AdvancedAnnual report
「The financial metrics are consolidated profit before tax and the consolidated operating profit margin as KPIs, with the payout varying between 50% and 150% according to the growth rate over 3 fiscal years. The non-financial metrics are brand value, the SRI index and employee activation as KPIs, with the payout varying between 50% and 150% according to the level of achievement against the target for the evaluation year. The evaluation results for the fiscal year under review were a 16% increase over the standard amount for STI and payment based on a performance-linked coefficient of 116% for LTI.」
The post-transition compensation system for a company with a three-committee structure specifies the financial and non-financial KPIs, growth over 3 fiscal years and coefficients ranging from 50% to 150%, and also discloses the STI and LTI payout results for the year. - FY2022-Q2RestatedAnnual report
「The ordinary shares in the “Fully Voting Shares (Other)” section include 1,080,300 of the Company's shares held by the executive compensation BIP (Board Incentive Plan) Trust (the “BIP Trust”), representing 10,803 voting rights, and 2,500 shares held in the name of the Japan Securities Depository Center, representing 25 voting rights.」
The BIP Trust, linked to medium- to long-term performance and corporate value, remains in operation, and 1,080,300 shares held by the trust as of 30 September 2021 have been disclosed. - FY2022-Q1RestatedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 615,500 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation (hereinafter, the “BIP trust”), representing 6,155 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
The BIP Trust, linked to medium- to long-term performance and corporate value, remains in operation, and 615,500 shares held by the trust as of 31 March 2021 have been disclosed. - FY2021AdvancedAnnual report
「The indicators for share-based compensation are financial indicators such as the consolidated operating profit margin and non-financial indicators such as the growth of brand value and ESG performance. The amount of share-based compensation is determined based on a calculation method approved by the Compensation Committee and the growth of each indicator over 3 fiscal years, within a performance-linked coefficient range of 50% to 150%.」
The Company specified the consolidated operating profit margin, brand value and ESG performance as indicators for share-based compensation and disclosed a mechanism based on growth over 3 fiscal years and a performance-linked coefficient of 50% to 150%. Share-based compensation for the current fiscal year was paid at a performance-linked coefficient of 97%. - FY2021-Q3RestatedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 626,069 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation, representing 6,260 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
The Company reconfirmed that the BIP trust linked to medium- to long-term performance and corporate value held 626,069 shares as of 31 December 2020. - FY2021-Q2RestatedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 626,069 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation, representing 6,260 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
For the BIP trust linked to medium- to long-term performance and corporate value, the Company disclosed 626,069 trust-held shares as of 30 September 2020 and reconfirmed the operation of the plan. - FY2021-Q1RestatedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 626,069 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation, representing 6,260 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
For the BIP trust linked to medium- to long-term performance and corporate value, the Company disclosed 626,069 trust-held shares as of 30 June 2020 and reconfirmed the operation of the plan. - FY2020RaisedAnnual report
「At a meeting of the Board of Directors held on 18 February 2020, the Company resolved to add some executive positions to the eligible participants in this plan in conjunction with its resolution to introduce an executive position system.」
The Company expanded the eligibility of the BIP trust-based share-based compensation plan linked to medium- to long-term increases in corporate value from directors and executive officers to some executive positions. - FY2020-Q3RestatedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 690,295 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation, representing 6,902 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
For the BIP trust linked to medium- to long-term performance and corporate value, the Company disclosed 690,295 trust-held shares as of 31 December 2019 and reconfirmed the operation of the plan. - FY2020-Q2RestatedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 690,295 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation, representing 6,902 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
For the BIP trust linked to medium- to long-term performance and corporate value, the Company disclosed 690,295 trust-held shares as of 30 September 2019 and reconfirmed the operation of the plan. - FY2020-Q1RestatedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 690,295 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation, representing 6,902 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
For the BIP trust linked to medium- to long-term performance and corporate value, the Company disclosed 690,295 trust-held shares as of 30 June 2019 and reconfirmed the operation of the plan. - FY2019AdvancedAnnual report
「Compensation for directors who perform executive functions consists of performance-linked compensation and other compensation. When performance-linked compensation is paid at the standard amount, the proportions are set so that bonuses and share-based compensation, which constitute performance-linked compensation, account for 50% of total compensation and non-performance-linked compensation accounts for the remaining 50%. …The amount of share-based compensation is determined based on a calculation method established by the Board of Directors and the growth of each indicator over 3 fiscal years, within a performance-linked coefficient range of 50% to 150%.」
The Company operated a share-based compensation plan using a BIP trust and recognized ¥125 million in share-based compensation for the current fiscal year. It disclosed that bonuses and share-based compensation account for 50% of compensation, the growth period is 3 fiscal years and the performance-linked coefficient ranges from 50% to 150%. - FY2019-Q3RestatedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 713,600 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation, representing 7,136 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
The Company reconfirmed that the executive compensation BIP trust held 713,600 Company shares as of 31 December 2018. - FY2019-Q2AdvancedAnnual report
「The ordinary shares under “Shares with Full Voting Rights (Other)” include 713,600 Company shares held by the Board Incentive Plan (BIP) trust as executive compensation, representing 7,136 voting rights, and 2,500 shares registered in the name of the Japan Securities Depository Center, representing 25 voting rights.」
As of 30 September 2018, the Company disclosed that the executive compensation BIP trust held 713,600 Company shares. The share-based compensation plan previously scheduled for introduction was reflected in trust-held shares and ¥110 million in share-based compensation transactions, providing specific evidence of the plan’s operation. - FY2018First statedAnnual report
「This is a share-based compensation plan using a Board Incentive Plan (BIP) trust. Similar to performance shares and restricted stock in the United States, the BIP trust is a mechanism for delivering and paying Company shares and cash to directors and other eligible persons based on their position and the growth of management indicators such as the Company’s performance and corporate value. The trust agreement date and planned start date are 20 August 2018, the planned trust period is from 20 August 2018 through the end of August 2021, the planned trust funding is ¥2,410 million, and the planned maximum number of shares to be acquired for directors and other eligible persons is 1,310 thousand shares.」
The Company plans to introduce a plan for directors and executive officers resident in Japan to receive shares and cash linked to medium- to long-term performance and corporate value using a BIP trust.