Development of an Executive Compensation System Including Performance-Linked and Stock-Based Compensation
First written in FY2021. 9 of 11 entries say "Advanced", first in FY2022. Latest entry: 2026-07-17.
- FY2026AdvancedAnnual report
「The company has introduced paid stock options subject to performance conditions and a restricted stock compensation plan as share-based compensation schemes for promoting the sharing of value with the capital markets, and is developing a compensation structure for the medium- to long-term contributions of its employees to performance.」
During the current fiscal year, stock acquisition rights for 200,000 shares were exercised, and 53,368 restricted shares were granted in July 2025. The operation of the share-based compensation schemes is progressing. - FY2026-H1AdvancedAnnual report
「1 April 2025–30 September 2025 (Note 2) Common shares 147,600 Common shares 23,085,600 4,649 1,031,935 4,649 1,031,935」
The exercise of stock acquisition rights resulted in the issuance of 147,600 shares during the interim period and increased capital and capital surplus by ¥4.649 million each. - FY2024ReframedAnnual report
「Based on the above, the compensation structure for each director will be designed so that basic compensation, the annual bonus and share-based compensation comprise approximately 75%, 15% and 10%, respectively.」
The compensation structure changed from approximately 60% basic compensation, 30% annual bonus and 10% share-based compensation to approximately 75% basic compensation, 15% annual bonus and 10% share-based compensation. During the current fiscal year, 11,024 restricted shares were granted. - FY2024-Q2AdvancedAnnual report
「1 July 2023–30 September 2023 (Note) 76,800 13,781,200 4,800 1,024,923 4,800 1,024,923」
The exercise of stock acquisition rights during the second quarter accounting period increased the total number of issued shares by 76,800 shares and increased capital and capital surplus by ¥4.8 million each. - FY2024-Q1AdvancedAnnual report
「The exercise of stock acquisition rights increased the total number of issued shares by 84,000 shares and increased capital and capital surplus by ¥5.25 million each.」
Stock acquisition rights established in the previous fiscal year were exercised during the first quarter of the current fiscal year, increasing the number of issued shares, capital and capital surplus. - FY2023AdvancedAnnual report
「The compensation structure consists of basic compensation as fixed compensation, an annual performance-linked bonus, and share-based compensation as a medium- to long-term incentive. …The structure will be designed to comprise approximately 60% basic compensation, 30% annual bonus and 10% share-based compensation.」
In addition to the EBITDA-linked bonus, the company introduced a restricted stock compensation plan and established a target compensation structure of approximately 60% basic compensation, 30% annual bonus and 10% share-based compensation. - FY2023-Q3AdvancedAnnual report
「To further increase the motivation and morale of its directors and employees and the employees of its subsidiaries to achieve the performance targets in the revised medium-term management plan for the fiscal years ending March 2023 through March 2025, as described in the “Notice Concerning Changes to the Medium-Term Management Plan” dated 13 May 2022, and to strengthen their commitment to business growth as the company seeks to expand its medium- to long-term performance and improve corporate value, the company will issue stock acquisition rights to its directors and employees and to employees of its subsidiaries. …If EBITDA exceeds ¥1,185 million in either the fiscal year ending March 2024 or the fiscal year ending March 2025: exercise ratio of 40%; if EBITDA exceeds ¥1,362 million in the fiscal year ending March 2025: exercise ratio of 100%.」
For share-based compensation, which had not previously been introduced, the company issued paid stock options subject to performance conditions to 29 people. EBITDA targets for the fiscal years ending March 2024 and March 2025 serve as exercise conditions. - FY2022AdvancedAnnual report
「Performance-linked compensation is paid in a lump sum after the end of each consolidated fiscal year to the Representative Director and directors based on the achievement rate of the consolidated EBITDA budget. …In the current consolidated fiscal year, performance-linked compensation was paid because consolidated EBITDA exceeded the target disclosed in the “Notice Concerning Revisions to the Second-Quarter Consolidated Earnings Forecast and Full-Year Consolidated Earnings Forecast” on 13 August 2021.」
The company actually paid compensation linked to the achievement rate of the consolidated EBITDA budget and also indicated the approximate proportions of fixed compensation and the annual bonus. Share-based compensation, however, has not yet been introduced. - FY2021First statedAnnual report
「The compensation structure consists of 3 components: fixed compensation, an annual bonus and share-based compensation (not yet introduced).」
The company has introduced fixed compensation and an annual bonus and is considering introducing share-based compensation in the future. The annual bonus is intended to be linked to the achievement rate of the consolidated EBITDA budget or the achievement rate of the individual division’s sales budget.