Introduction of a Restricted Stock Compensation Plan
First written in FY2020-Q1. 12 of 14 entries say "Advanced", first in FY2020. Latest entry: 2026-08-14.
- FY2025AdvancedAnnual report
「The target ratio of fixed compensation to restricted stock compensation for directors is 100 to 15–25.」
The company disclosed an operating guideline setting the ratio of restricted stock compensation to fixed compensation at 15–25 to 100. It also provides for the possibility of repayment or reduction of fixed compensation in the event of materially poor performance. - FY2024AdvancedAnnual report
「Other (disposal of treasury shares under restricted stock compensation plan) 42,700 30,914,800」
The company discloses the disposal of 42,700 treasury shares under the restricted stock compensation plan, confirming that the plan remains in operation. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors dated 21 July 2023, the company resolved to dispose of treasury shares as restricted stock compensation for directors other than directors who are Audit and Supervisory Committee members and outside directors (hereinafter, “eligible directors”).」
The company continued to operate the restricted stock compensation plan and resolved to dispose of 42,700 shares to 4 eligible directors effective 18 August 2023. The total disposal amount was ¥7,942,200. - FY2023-Q2AdvancedAnnual report
「Furthermore, based on a resolution of the Board of Directors dated 15 July 2022, the company disposed of 40,800 treasury shares as restricted stock compensation.」
The company disposed of 40,800 treasury shares to eligible directors under the existing restricted stock compensation plan. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 July 2022, the company resolved to dispose of treasury shares as restricted stock compensation for directors other than directors who are Audit and Supervisory Committee members and outside directors (hereinafter, “eligible directors”).」
Under the existing restricted stock compensation plan, a resolution was made to dispose of 40,800 shares to 4 eligible directors, with 12 August 2022 as the disposal date, demonstrating the plan's continued operation and progress. - FY2022AdvancedAnnual report
「Other (disposal of treasury shares under restricted stock compensation plan) 42,500 37,910,000」
The company reports the disposal of 42,500 treasury shares under the restricted stock compensation plan. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 July 2021, the company resolved to dispose of treasury shares as restricted stock compensation for directors other than directors who are Audit and Supervisory Committee members and outside directors (hereinafter, “eligible directors”).」
A resolution was made to dispose of 42,500 common shares to 4 directors under the restricted stock compensation plan on 25 August 2021, for a total disposal amount of ¥11,050,000. - FY2021-Q2AdvancedAnnual report
「Under this plan, a trust established through the company's contribution of funds acquires the company's shares and delivers them to executive employees who meet certain requirements, based on the share delivery regulations established by the company's Board of Directors. In the second quarter of the current consolidated fiscal year, the book value and number of these treasury shares were ¥77.988 million and 351,300 shares, respectively.」
Separately from restricted stock compensation, the company discloses the mechanism of its stock-based ESOP, under which a trust acquires shares and delivers them to executive employees, and reports 351,300 remaining shares with a book value of ¥77.988 million. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 July 2020, the company resolved to dispose of treasury shares as restricted stock compensation for directors other than directors who are Audit and Supervisory Committee members and outside directors (hereinafter, “eligible directors”).」
A specific resolution was made under the existing restricted stock compensation plan to dispose of 36,600 shares to 3 eligible directors on 20 August 2020. - FY2020AdvancedAnnual report
「Other (disposal of treasury shares under restricted stock compensation plan) 32,600 30,578,800」
The company reports the disposal of 32,600 treasury shares under the restricted stock compensation plan it introduced. - FY2020-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 23 April 2019, the company resolved to introduce a restricted stock compensation plan as a new compensation plan intended to provide medium- to long-term incentives to eligible directors and align their interests with shareholders. At the 48th ordinary general meeting of shareholders held on 27 June 2019, approval was obtained to provide eligible directors with monetary compensation claims of up to ¥15 million per year as monetary compensation to be contributed for the acquisition of restricted shares under the plan, and to set the restriction period for transfers of the restricted shares at a period of between 3 and 5 years as determined by the Board of Directors.」
The company introduced a restricted stock compensation plan to provide medium- to long-term incentives to eligible directors and align their interests with shareholders. As a subsequent event, it also resolved to dispose of treasury shares and allocate 32,600 shares to 4 directors.