Abolition of the Executive Retirement Benefit Plan and Transition to Restricted Stock Compensation
First written in FY2021. 7 of 11 entries say "Advanced", first in FY2022-Q1. Latest entry: 2026-08-12.
The whole theme swung hardest in 2024: 3 of 37 companies on the "Worse" side.
36 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「“Other (disposal of treasury shares as restricted stock compensation)” for the fiscal year represents the disposal of treasury shares carried out on 14 August 2025 as restricted stock compensation.」
As part of operating the restricted stock compensation system, the Company disposed of 68,752 treasury shares on 14 August 2025. - FY2025AdvancedAnnual report
「“Other (disposal of treasury shares as restricted stock compensation)” for the fiscal year represents the disposal of treasury shares carried out on 6 August 2024 as restricted stock compensation.」
As part of operating the restricted stock compensation system, the Company disposed of 64,009 treasury shares on 6 August 2024. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Company’s Board of Directors held on 21 July 2023, the Company resolved as set out below to dispose of treasury shares as restricted stock compensation.」
Operation of the restricted stock compensation system progressed, and the Company resolved to allocate 74,132 shares to 4 directors and 8 executive officers, with 7 August 2023 set as the disposal date. - FY2023AchievedAnnual report
「“Other (disposal of treasury shares as restricted stock compensation)” for the fiscal year represents the disposal of treasury shares carried out on 8 August 2022 as restricted stock compensation.」
Regarding the abolition of the directors’ retirement benefit system and transition to the restricted stock compensation system, the Company completed the actual disposal of 93,043 treasury shares. - FY2023-Q1RestatedAnnual report
「At a meeting of the Company’s Board of Directors held on 22 July 2022, the Company resolved as set out below to dispose of treasury shares as restricted stock compensation.」
As part of operating the restricted stock compensation system, the Company disclosed a resolution to dispose of 93,043 shares on 8 August 2022. - FY2022-Q3AchievedAnnual report
「In connection with the allocation of restricted stock compensation resolved at a meeting of the Company’s Board of Directors held on 20 July 2021, the Company disposed of 95,080 treasury shares on 5 August.」
Regarding the abolition of the directors’ retirement benefit system and transition to the restricted stock compensation system, the Company completed the actual disposal of 95,080 treasury shares following the resolution on the system. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Company’s Board of Directors held on 20 July 2021, the Company resolved to dispose of 95,080 treasury shares on 5 August as an allocation of restricted stock compensation.」
Regarding the abolition of the directors’ retirement benefit system and introduction of the restricted stock compensation system, the matter progressed after the system resolution to the decision to dispose of and allocate 95,080 shares to directors and executive officers. - FY2021First statedAnnual report
「At a meeting of the Board of Directors held on 18 May 2021, the Company reviewed its executive compensation system and resolved to abolish the directors’ retirement benefit system and introduce a restricted stock compensation system. The proposals concerning the lump-sum payment accompanying the abolition of the directors’ retirement benefit system and the new system were submitted to and approved at the 86th Annual General Meeting of Shareholders held on 24 June 2021.」
The Company abolished the directors’ retirement benefit system and transitioned to a restricted stock compensation system designed to share interests with shareholders. Stock compensation is capped at ¥30 million per year and 130,000 shares per year.