Performance-Linked Share-Based Compensation Scheme for Directors: the “Share Delivery Trust”
First written in FY2017. 4 of 7 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
35 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「25 August 2025 16,600 shares」
In connection with the continuation of the Share Benefit Trust for Directors, 16,600 shares were acquired in August 2025. - FY2025AdvancedAnnual report
「If the proposal is approved at this General Meeting of Shareholders, the company plans to continue the Plan after revising the caps on the amount of funds contributed by the company and the number of company shares granted to directors and others. The revised initial eligible period will cover 3 fiscal years, from the fiscal year ending March 2026 through the fiscal year ending March 2028.」
For the Share Benefit Trust for Directors, the company proposed continuing the plan for the 3 fiscal years from FY2025 through FY2027, subject to approval by the General Meeting of Shareholders. - FY2023Specification of conditions for granting performance-based share compensationAnnual report
「The performance indicators and results used as the basis for calculating performance-based share compensation are as follows. Two levels of indicators have been established: the original annual targets set when the medium-term management plan beginning in fiscal 2020 was formulated, and the annual targets established at the beginning of each fiscal year based on the revised medium-term management plan, which was revised upward in fiscal 2022. Points are granted only if both net sales and operating profit reach their respective targets.」
For the Share Benefit Trust for Directors, the company disclosed the use of two levels of net sales and operating profit targets, based on the original and revised plans, with achievement of both targets required for points to be granted. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 9 July 2020, the company resolved to extend the Plan for 5 fiscal years, from the fiscal year ending March 2021 through the fiscal year ending March 2025, and to dispose of treasury shares through a third-party allotment in connection with the extension.」
The Share Benefit Trust for Directors was extended for 5 fiscal years, from the fiscal year ending March 2021 through the fiscal year ending March 2025, and an additional 8,000 shares were acquired in July 2020. - FY2020No performance-based share compensation grantedAnnual report
「Against the fiscal 2019 consolidated targets of ¥70 billion in net sales and ¥9.1 billion in operating profit, which were the conditions for granting points under the performance-based share compensation plan, actual net sales were ¥70.3 billion and actual operating profit was ¥8.5 billion. The conditions were therefore not met, and no points were granted.」
Although the net sales target was achieved, operating profit fell short of the ¥9.1 billion target, so no performance-based share compensation was granted for fiscal 2019. - FY2018-Q2AdvancedAnnual report
「Based on a resolution at the 56th Annual General Meeting of Shareholders held on 29 June 2017, the company introduced a share compensation plan for its directors, referred to below as the Plan, effective 16 August 2017.」
The Share Benefit Trust for Directors was actually introduced on 16 August 2017. As of the end of the second quarter, the trust held 8,400 shares with a carrying amount of ¥46 million. - FY2017First statedAnnual report
「At a meeting of the Board of Directors held on 12 May 2017, the company resolved to introduce a new performance-based share compensation plan, the Share Benefit Trust (for Directors), for company directors other than outside directors, referred to below as Eligible Directors. At the 56th Annual General Meeting of Shareholders held on 29 June 2017, a proposal concerning the introduction of the plan was approved.」
The company introduced a plan to provide shares and other benefits based on the performance achieved by Eligible Directors and other factors, setting a contribution cap of ¥100 million for the initial 3 fiscal years and an additional contribution cap of ¥200 million for each subsequent eligible period.