Sharing Value Between Directors and Shareholders Through Restricted Stock Compensation
First written in FY2017. 10 of 12 entries say "Advanced", first in FY2018-Q2. Latest entry: 2026-07-14.
- 2026-07-14AdvancedShare Issuance and Disposal
「We have introduced a performance-linked restricted stock compensation plan (the “Plan”) under which, for the purpose of further strengthening the incentive effect of achieving the management targets set out in the Medium-Term Management Plan “By Your Side” and enhancing the sharing of value with shareholders, a certain number of the Company's common shares (the “Company Shares”) are delivered at a specified time after the end of each performance evaluation period, with each fiscal year serving as a performance evaluation period (the “Evaluation Period”), based on the degree of achievement of financial and non-financial performance indicators during the Evaluation Period. The Company Shares are subject to certain transfer restriction periods and provisions for their gratuitous acquisition by the Company, among other conditions, and are delivered to the Company's directors, excluding outside directors (the “Eligible Directors”).」
For the performance-linked restricted stock compensation plan, resolved to dispose of 109,900 treasury shares for the 160th fiscal year as the Evaluation Period, advancing the plan to the actual delivery of shares. It was also specified that TSR and consolidated operating profit per employee would be used as performance indicators. - FY2026AdvancedAnnual report
「The performance evaluation metrics for the fiscal year were the Company's TSR and the growth rate of TOPIX including dividends, as metrics reflecting the share price, and consolidated operating profit per employee, from the perspective of individual employee development.」
The Company reported its track record of operating performance-linked restricted stock compensation tied to By Your Side, using TSR, the growth rate of TOPIX including dividends and consolidated operating profit per employee as evaluation metrics. - FY2025ReframedAnnual report
「Compensation for directors, excluding outside directors, is intended to serve as an incentive for the sustainable enhancement of corporate value, with a target composition of 30% base compensation, 35% bonuses and 35% stock-based compensation.」
The compensation mix was changed from 40% base compensation, 30% bonuses and 30% restricted stock compensation to 30% base compensation, 35% bonuses and 35% stock-based compensation, and performance-linked stock-based compensation tied to achievement of the goals of By Your Side was introduced. - FY2024-Q2AdvancedAnnual report
「In addition, pursuant to a resolution of the Board of Directors based on Article 370 of the Companies Act dated 13 July 2023 and Article 26 of the Company's Articles of Incorporation, the Company disposed of 31,200 treasury shares as restricted stock compensation.」
The Company disposed of 31,200 treasury shares as restricted stock compensation on 13 July 2023. - FY2023-Q1AdvancedAnnual report
「As restricted stock compensation, 24,300 common shares were issued as of 2 August 2022.」
For restricted stock compensation, 24,300 common shares were issued as of 2 August 2022. - FY2022-Q2AdvancedAnnual report
「As restricted stock compensation, 24,000 new shares were issued with 3 August 2021 as the payment date.」
As restricted stock compensation, 24,000 shares were issued to 6 directors, excluding outside directors. - FY2022-Q1AdvancedAnnual report
「As restricted stock compensation, 24,000 common shares were issued as of 3 August 2021.」
For restricted stock compensation, 24,000 common shares were issued as of 3 August 2021. - FY2021-Q1AdvancedAnnual report
「As restricted stock compensation, 30,500 common shares were issued as of 7 August 2020.」
For restricted stock compensation, 30,500 common shares were issued as of 7 August 2020. - FY2020-Q1AdvancedAnnual report
「As restricted stock compensation, 18,700 common shares were issued as of 8 August 2019.」
For restricted stock compensation, 18,700 common shares were issued as of 8 August 2019. - FY2019-Q2AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 17 July 2018, 31,000 new shares were issued as restricted stock compensation, with 10 August 2018 as the payment date.」
For restricted stock compensation, 31,000 new shares were issued to 6 directors, and transfer restrictions were imposed from 10 August 2018 to 9 August 2021. - FY2018-Q2AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 18 July 2017, 18,100 new shares were issued as restricted stock compensation, with 10 August 2017 as the payment date.」
The policy of introducing restricted stock compensation progressed to the implementation stage, with 18,100 shares issued to 6 directors, excluding outside directors. The transfer restriction period ran from 10 August 2017 to 9 August 2020. - FY2017First statedAnnual report
「Restricted stock compensation will be provided within the limits of the compensation approved by the general meeting of shareholders, up to ¥300 million per year, and the maximum number of shares, up to 100,000 shares per year, with the aim of serving as an incentive to achieve sustained increases in corporate value and further sharing value between directors and shareholders.」
The Company indicated a policy of replacing its previous stock acquisition-based compensation with restricted stock compensation of up to ¥300 million per year and 100,000 shares per year.