Introduction of a Performance-Conditioned Stock Compensation Plan
First written in FY2025. 2 of 3 entries say "Advanced", first in FY2026-H1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「From the current consolidated fiscal year, the Company has adopted a performance-based stock compensation plan (the “PSU Plan”) as a share-based compensation plan for directors, excluding directors who are Audit and Supervisory Committee members and outside directors.」
The Company began operating the PSU Plan from the current fiscal year, after indicating its intention to introduce the plan in the previous fiscal year, and moved to operating a plan with a performance evaluation period of at least 3 fiscal years, using GMV, profit before income taxes and TSR as evaluation metrics, and recording the related expenses. - FY2026-H1AdvancedAnnual report
「From the current interim consolidated accounting period, the Company has adopted a performance-based stock compensation plan (the “PSU Plan”) as a share-based compensation plan for directors, excluding directors who are Audit and Supervisory Committee members and outside directors.」
The Company began operating the performance-based stock compensation plan, for which it disclosed its intention to introduce the plan in the previous fiscal year, from the current interim consolidated accounting period, and recorded ¥10 million in performance-based stock compensation as directors’ compensation. - FY2025First statedAnnual report
「Under this plan, performance targets and the standard number of shares to be delivered based on the position held by each eligible director are established for a period of at least 3 fiscal years, as determined by the Company’s Board of Directors, or at least 1 fiscal year for individuals who become eligible directors during that period (the “Performance Evaluation Period”). After the end of the Performance Evaluation Period, the Company will deliver its shares to each eligible director and pay a portion in cash if the following conditions are met.」
To clarify the link between directors’ compensation, company performance and stock value, the Company introduced a plan with a Performance Evaluation Period of at least 3 fiscal years, performance conditions based on TSR, GMV and profit before income taxes, among other metrics, and annual limits of 500,000 shares and ¥200 million.