Introduction of a Restricted Stock Compensation Plan
First written in FY2017. 6 of 9 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2024.
- FY2024AdvancedAnnual report
「The total number of points granted to Directors and Other Officers for each 3-fiscal-year period is capped at 256,100 points, including 165,600 points for directors, and the maximum number of Company shares acquired by the trust for each eligible period is 256,100 shares.」
The company moved the BBT-RS plan for directors and executive officers into the implementation stage and disclosed its operation with limits of 256,100 points and 256,100 shares per 3 fiscal years. - FY2024-Q2AdvancedAnnual report
「At the 34th Annual General Meeting of Shareholders held on 26 June 2023, the Company resolved to introduce a performance-linked stock compensation plan, the Stock Benefit Trust (BBT-RS (Board Benefit Trust-Restricted Stock)), for directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors among the other directors, and executive officers who have entered into delegation agreements with the Company (collectively, "Directors and Other Officers").」
The company disclosed the accounting treatment following the June 2023 shareholder approval of the BBT-RS performance-linked stock compensation plan for Directors and Other Officers, as well as 142,344 trust-held shares. - FY2023RaisedAnnual report
「The total number of points granted for each period of 3 fiscal years, comprising the 3 fiscal years from the fiscal year ending 31 March 2024 through the fiscal year ending 31 March 2026 and each subsequent 3-fiscal-year period, is limited to 165,600 points.」
In addition to the existing restricted stock compensation, the company introduced a stock benefit trust (BBT-RS) incorporating performance-linked stock compensation based on the achievement of the medium-term management plan, with a limit of 165,600 points per 3 fiscal years. - FY2022-Q2AdvancedAnnual report
「(1) Disposal date 6 August 2021 (3) Total number of shares disposed of 72,616 shares (8) Eligible recipients, number of recipients, and number of shares allocated 2 directors, excluding directors who are Audit and Supervisory Committee members: 38,674 shares 6 executive officers, excluding executive officers who also serve as directors: 33,942 shares」
Under the restricted stock compensation plan, a total of 72,616 shares were allocated to 2 directors and 6 executive officers. - FY2021-Q2AdvancedAnnual report
「(1) Disposal date 7 August 2020 (2) Class of shares disposed of Common shares of the Company (3) Total number of shares disposed of 194,025 shares (8) Eligible recipients, number of recipients, and number of shares allocated 6 directors, excluding directors who are Audit and Supervisory Committee members: 194,025 shares」
Under the restricted stock compensation plan, 194,025 shares were allocated to 6 directors, continuing and expanding the operation of the plan. - FY2020RaisedAnnual report
「• Directors, excluding directors who are Audit and Supervisory Committee members Annual limit of ¥450 million; up to 300,000 Company shares to be delivered annually (submitted to this General Meeting of Shareholders)」
A new compensation limit for restricted stock compensation, consisting of an annual limit of ¥450 million and up to 300,000 shares per year for directors, was submitted to the General Meeting of Shareholders, expanding the scale of the previous plan. - FY2019-Q2AdvancedAnnual report
「(1) Disposal date 20 July 2018 (2) Class of shares disposed of Common shares of the Company (3) Total number of shares disposed of 8,716 shares (4) Disposal price ¥4,130 per share (8) Eligible recipients, number of recipients, and number of shares allocated 2 directors, excluding directors who are Audit and Supervisory Committee members: 8,716 shares」
Under the restricted stock compensation plan, 8,716 shares were allocated to 2 directors as of 20 July 2018. - FY2018-Q2AdvancedAnnual report
「(1) Disposal date 31 July 2017 (2) Class of shares disposed of Common shares of the Company (3) Total number of shares disposed of 43,863 shares (4) Disposal price ¥3,445 per share」
Under the restricted stock compensation plan approved for introduction, 43,863 shares were allocated to 4 directors as of 31 July 2017. The plan moved into the implementation stage. - FY2017First statedAnnual report
「At the 28th Annual General Meeting of Shareholders held on 22 June 2017, a resolution was passed to introduce a restricted stock compensation plan for the purpose of further promoting the sharing of value between directors, excluding directors who are Audit and Supervisory Committee members, and shareholders, and establishing a compensation structure that contributes to the enhancement of corporate value over the medium to long term.」
The company introduced a restricted stock compensation plan, separate from the existing compensation limits, with a total value of up to ¥300 million, for the purpose of sharing value with shareholders and enhancing corporate value over the medium to long term.