Introduction of a Restricted Stock Compensation Plan
First written in FY2017. 6 of 10 entries say "Advanced", first in FY2018. Latest entry: 2026-08-07.
- FY2024RaisedAnnual report
「To strengthen the linkage between corporate value enhancement and compensation, we revised the compensation programme by increasing the proportion of share-based compensation, adding relative TSR (versus the growth rate of TOPIX including dividends) as a performance metric for PSUs, and introducing a clawback clause into share-based compensation. The revisions will apply from executive compensation for the 94th fiscal year.」
The share-based compensation programme was strengthened by increasing the share-based compensation ratio, adding relative TSR to PSUs and introducing a clawback clause. - FY2023AdvancedAnnual report
「To support the achievement of the Group's medium- to long-term strategic objectives, we have adopted performance share units (PSUs), under which the number of shares granted for part of the restricted stock compensation is determined based on the degree of achievement of targets for financial indicators (ROE) and non-financial indicators (employee engagement).」
The company disclosed the operating results of the PSU programme using ROE and employee engagement as KPIs under the restricted stock compensation. - FY2022RaisedAnnual report
「Beginning with the 92nd fiscal year, we will revise the executive compensation system as follows: strengthening the performance linkage of compensation, increasing the proportion of share-based compensation, and revising the compensation structure to add performance share units (PSUs), a variable compensation programme under which the number of shares granted is linked to the degree of achievement of target performance.」
The restricted stock compensation was expanded from the 92nd fiscal year into a system with stronger performance linkage, a higher share-based compensation ratio and the introduction of PSUs. The annual share limit was also changed from no more than 100,000 shares to no more than 150,000 shares in total for RS and PSUs. - FY2021AdvancedAnnual report
「The breakdown for the fiscal year was an allocation of restricted stock (61,379 shares, with a total disposal value of ¥210,433,378).」
An allocation of 61,379 shares, worth approximately ¥210.43 million, was carried out under the restricted stock compensation. - FY2020AdvancedAnnual report
「The breakdown for the fiscal year was an allocation of restricted stock (56,827 shares, with a total disposal value of ¥194,884,579).」
An allocation of 56,827 shares, worth approximately ¥194.88 million, was carried out under the restricted stock compensation. - FY2019AdvancedAnnual report
「The breakdown for the fiscal year was an allocation of restricted stock (43,032 shares, with a total disposal value of ¥147,602,413).」
An allocation of 43,032 shares was carried out under the restricted stock compensation. - FY2018AdvancedAnnual report
「The breakdown for the fiscal year was an allocation of restricted stock (37,926 shares, with a total disposal value of ¥130,165,009).」
The allocation of 37,926 shares was carried out under the restricted stock compensation approved for introduction in the previous fiscal year. - FY2017First statedAnnual report
「We resolved to introduce compensation for the grant of restricted stock to directors, excluding outside directors, in order to provide incentives for the sustainable enhancement of corporate value and to promote greater value sharing between directors and shareholders. The total amount is capped at ¥200 million per year」
Restricted stock compensation was introduced for directors and executive officers to enhance corporate value and share value with shareholders, with an annual cap of ¥200 million.