Introduction of a Performance-Linked Stock Compensation Plan
First written in FY2022. 5 of 10 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「The company introduced a performance-linked stock compensation plan for directors, excluding outside directors, directors who are Audit and Supervisory Committee members, and non-residents of Japan, based on a resolution at the 158th Annual General Meeting of Shareholders held on 24 June 2022. The plan is intended to clarify the linkage between directors' compensation and the company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value by allowing them to benefit from share price increases while also sharing the risk of share price declines with shareholders. The company continues the plan following partial revisions approved at the 160th Annual General Meeting of Shareholders held on 27 June 2024.」
The company continues the performance-linked stock compensation plan following partial revisions and reconfirmed the mechanism for encouraging improvements in performance over the medium to long term and increases in corporate value through linkage to performance and share value. The trust held 32,500 shares with a carrying amount of ¥103 million. - FY2025RestatedAnnual report
「The company introduced a performance-linked stock compensation plan for directors, excluding outside directors, directors who are Audit and Supervisory Committee members, and non-residents of Japan, based on a resolution at the 158th Annual General Meeting of Shareholders held on 24 June 2022, and continues the plan following partial revisions approved at the 160th Annual General Meeting of Shareholders held on 27 June 2024.」
The company continues the performance-linked stock compensation plan following partial revisions and reconfirmed the mechanism using operating profit and ROE as KPIs. The trust held 32,500 shares with a carrying amount of ¥103 million. - FY2025-H1Increase in shares held in trustAnnual report
「The company records its shares remaining in the trust as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥26 million and 18,400 shares, respectively, at the end of the previous consolidated fiscal year and ¥103 million and 32,500 shares, respectively, as of the end of the current interim consolidated accounting period.」
The company continues the performance-linked stock compensation plan, with shares held in the trust changing from 18,400 to 32,500 and the carrying amount changing from ¥26 million to ¥103 million. - FY2024AdvancedAnnual report
「The company introduced a performance-linked stock compensation plan for directors, excluding outside directors, directors who are Audit and Supervisory Committee members, and non-residents of Japan, based on a resolution at the 158th Annual General Meeting of Shareholders held on 24 June 2022, and continues the plan following partial revisions approved at the 160th Annual General Meeting of Shareholders held on 27 June 2024.」
The company continues the performance-linked stock compensation plan following partial revisions, with annual stock compensation capped at ¥108 million and annual performance-linked points set at 12,000, using operating profit and ROE as KPIs. - FY2024-Q3RestatedAnnual report
「The company records its shares remaining in the trust as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥28 million and 20,000 shares, respectively, at the end of the previous consolidated fiscal year and ¥26 million and 18,400 shares, respectively, as of the end of the third quarter of the current consolidated fiscal year.」
The company continues the performance-linked stock compensation plan and reconfirmed that the trust held 18,400 shares with a carrying amount of ¥26 million. - FY2024-Q2Decline in shares held by the trustAnnual report
「The company records its shares remaining in the trust as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥28 million and 20,000 shares, respectively, at the end of the previous consolidated fiscal year and ¥26 million and 18,400 shares, respectively, as of the end of the second quarter of the current consolidated fiscal year.」
The performance-linked stock compensation plan remains in place, with shares held in the trust changing from 20,000 to 18,400 and the carrying amount changing from ¥28 million to ¥26 million. - FY2024-Q1RestatedAnnual report
「The company records its shares remaining in the trust as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥28 million and 20,000 shares, respectively, at the end of the previous consolidated fiscal year and ¥28 million and 20,000 shares, respectively, as of the end of the first quarter of the current consolidated fiscal year.」
For shares held in the trust in connection with the performance-linked stock compensation plan, the company reconfirmed a carrying amount of ¥28 million and 20,000 shares. - FY2023-Q3RestatedAnnual report
「The company records its shares remaining in the trust as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥28 million and 20,000 shares, respectively, as of the end of the third quarter of the current consolidated fiscal year.」
The company reconfirmed that, under the performance-linked stock compensation plan approved by the General Meeting of Shareholders held on 24 June 2022, the trust held 20,000 shares with a carrying amount of ¥28 million. - FY2023-Q2AdvancedAnnual report
「The company has introduced a performance-linked stock compensation plan for directors, excluding outside directors and directors who are Audit and Supervisory Committee members, based on a resolution at the 158th Annual General Meeting of Shareholders held on 24 June 2022. The plan is intended to clarify the linkage between directors' compensation and the company's performance and share value, and to encourage directors to contribute to improving performance over the medium to long term and increasing corporate value by allowing them to benefit from share price increases while also sharing the risk of share price declines with shareholders.」
Under the performance-linked stock compensation plan approved by the General Meeting of Shareholders on 24 June 2022, the company introduced a stock delivery trust for officers from the second quarter. The trust held 20,000 shares with a carrying amount of ¥28 million. - FY2022First statedAnnual report
「In addition, the 158th Annual General Meeting of Shareholders approved the introduction of a performance-linked stock compensation plan for directors, excluding outside directors and directors who are Audit and Supervisory Committee members, and the company plans to begin operating a stock delivery trust for officers in August 2022.」
In addition to recommendations on compensation proposals from the existing Compensation Committee, the company obtained shareholder approval for a performance-linked stock compensation plan and plans to begin operating it in August 2022.