Discontinuation of the director retirement benefit plan and introduction of a restricted stock compensation plan
First written in FY2018. 11 of 16 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2025.
The whole theme swung hardest in 2024: 3 of 32 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The decrease of 15,128 common treasury shares resulted from their disposal as restricted stock compensation.」
Under the restricted stock compensation plan, 15,128 shares were disposed of, and ¥29.441 million in share-based compensation was recognized as an expense during the fiscal year. - FY2024AdvancedAnnual report
「The number of shares decreased by 7,626 as a result of the disposal of treasury shares on 9 January 2024 as restricted stock compensation.」
Under the restricted stock compensation plan, 7,626 treasury shares were disposed of on 9 January 2024, and operation of the plan is continuing. - FY2024-Q2AdvancedAnnual report
「The number of shares decreased by 7,626 as a result of the disposal of treasury shares on 9 January 2024 as restricted stock compensation.」
Under the restricted stock compensation plan, 7,626 treasury shares were disposed of on 9 January 2024. - FY2023AdvancedAnnual report
「The amount paid to directors, excluding directors who are Audit and Supervisory Committee members, includes ¥17.660 million in restricted stock compensation.」
Under the restricted stock compensation plan, 8,756 shares were disposed of on 6 January 2023, and ¥17.660 million was recognized as an expense for share-based compensation during the fiscal year. - FY2023-Q2AdvancedAnnual report
「Treasury shares decreased by 8,756 as a result of the disposal of treasury shares as restricted stock compensation carried out on 6 January 2023.」
Under the restricted stock compensation plan, treasury shares were disposed of on 6 January 2023, and operation of the plan is continuing. - FY2022RestatedAnnual report
「As non-monetary compensation, the Company pays directors' compensation receivables to eligible directors, meaning the Company's directors excluding directors who are Audit and Supervisory Committee members, for the purpose of allocating the Company's common shares, subject to a specified transfer restriction period and provisions for the Company's gratuitous acquisition of the shares, as stipulated in the share compensation regulations. This is intended to enable the eligible directors to share the benefits and risks of share price fluctuations with shareholders and further strengthen their motivation to contribute to a higher share price and increased corporate value. These shares are referred to as restricted stock.」
For the restricted stock compensation plan introduced in place of the directors' retirement bonus system, the policy of operating the plan to align interests with shareholders continues. - FY2022-Q2AdvancedAnnual report
「Treasury shares decreased by 7,332 as a result of the disposal of treasury shares as restricted stock compensation carried out on 7 January 2022.」
Under the restricted stock compensation plan, treasury shares were disposed of on 7 January 2022, and operation of the plan is continuing. - FY2021AdvancedAnnual report
「The Company has resolved at a meeting of the Board of Directors its policy for determining the details of individual directors' compensation and other remuneration.」
Under the restricted stock compensation plan, the Board of Directors formally resolved its policy for determining individual compensation, and ¥17.174 million in restricted stock compensation was recognized during the fiscal year. - FY2021-Q2AdvancedAnnual report
「Treasury shares decreased by 6,342 as a result of the disposal of treasury shares as restricted stock compensation carried out on 8 January 2021.」
Under the restricted stock compensation plan, treasury shares were disposed of on 8 January 2021, and operation of the plan is continuing. - FY2020RestatedAnnual report
「At a meeting of the Board of Directors held on 4 October 2018, a resolution was passed to abolish the directors' retirement bonus system. At the Company's 69th Annual General Meeting of Shareholders held on 22 November 2018, a resolution was passed to introduce a new restricted stock compensation plan for the Company's directors, excluding directors who are Audit and Supervisory Committee members, in order to share the benefits and risks of share price fluctuations with shareholders and further strengthen their motivation to contribute to a higher share price and increased corporate value.」
The abolition of the directors' retirement bonus system and the introduction of the restricted stock compensation plan continue to be disclosed, and share-based compensation was recognized in the current fiscal year as well. - FY2020-Q2AdvancedAnnual report
「The number of shares decreased by 6,548 as a result of the disposal of treasury shares on 10 January 2020 as restricted stock compensation.」
Under the restricted stock compensation plan, additional treasury shares were disposed of on 10 January 2020, and operation of the plan is continuing. - FY2019RestatedAnnual report
「At a meeting of the Board of Directors held on 4 October 2018, a resolution was passed to abolish the directors' retirement bonus system. At the Company's 69th Annual General Meeting of Shareholders held on 22 November 2018, a resolution was passed to introduce a new restricted stock compensation plan for the Company's directors, excluding directors who are Audit and Supervisory Committee members, in order to share the benefits and risks of share price fluctuations with shareholders and further strengthen their motivation to contribute to a higher share price and increased corporate value.」
The abolition of the directors' retirement bonus system and the introduction of the restricted stock compensation plan continue to be disclosed, and ¥12.629 million in share-based compensation was recognized during the fiscal year. - FY2019-Q3RestatedAnnual report
「During the fiscal year, our group established a domestic sewing factory (the Sewing Center) and abolished the directors' retirement benefit system.」
The abolition of the directors' retirement bonus system was reconfirmed as a completed change to the governance and compensation systems. - FY2019-Q2AdvancedAnnual report
「Treasury shares decreased by 6,469 as a result of the disposal of treasury shares as restricted stock compensation carried out on 11 January 2019.」
For the restricted stock compensation plan that was introduced, treasury shares were disposed of on 11 January 2019, marking the start of the plan's concrete implementation. - FY2019-Q1AdvancedAnnual report
「At the same general meeting of shareholders, the proposal for the discontinued payment of directors' retirement bonuses was approved. Accordingly, the full amount of the provision for directors' retirement bonuses was reversed, and the unpaid portion of the discontinued payment was presented as long-term accounts payable under Other within non-current liabilities.」
The abolition of the directors' retirement bonus system and the discontinued payment were approved at the general meeting of shareholders, and the provision was fully reversed, with the unpaid amount reclassified as long-term accounts payable. The commencement of operation of the restricted stock compensation plan is not described in this filing. - FY2018First statedAnnual report
「At a meeting of the Board of Directors held on 4 October 2018, a resolution was passed to abolish the directors' retirement bonus system. At the Company's 69th Annual General Meeting of Shareholders held on 22 November 2018, a resolution was passed to introduce a new restricted stock compensation plan for the Company's directors, excluding directors who are Audit and Supervisory Committee members, in order to share the benefits and risks of share price fluctuations with shareholders and further strengthen their motivation to contribute to a higher share price and increased corporate value.」
The Company disclosed resolutions to abolish the directors' retirement bonus system and introduce a restricted stock compensation plan that shares the effects of share price fluctuations with shareholders.