Performance-Linked Stock Compensation Tied to the Medium-Term Management Plan
First written in FY2017. 6 of 30 entries say "Restated". Latest entry: FY2026.
75 other companies' latest entry also says "Advanced".
- FY2026The trust period is scheduled to be extended through the end of August 2029.Annual report
「• Trust extension agreement date: 1 July 2026 (scheduled) • Trust period: 10 August 2017 to the end of August 2029 (scheduled)」
It was disclosed that the trust period for the performance-linked share compensation plan is scheduled to be extended through the end of August 2029, from the previous planned extension through the end of August 2026. - 2026-05-12AdvancedGovernance
「We decided to continue this plan for three years from fiscal 2026 onward.」
The stock-based compensation plan was specifically extended for three years from fiscal 2026 onward, and the trust period of the BIP trust was extended through 31 August 2029. The canonical thread has not been changed. - FY2026-H1Decrease in shares held by the BIP trustAnnual report
「This includes 92,599 shares in the previous interim consolidated accounting period and 68,896 shares in the current interim consolidated accounting period held by the executive compensation BIP trust.」
The performance-linked stock compensation plan continues, but the number of shares held by the BIP trust deducted in calculating EPS declined from 92,599 shares in the same period of the previous year to 68,896 shares. - FY2025Disclosure of a planned extension of the trust periodAnnual report
「・Trust extension agreement date 20 August 2026 (scheduled) ・Trust period 10 August 2017 to the end of August 2026 (scheduled)」
The company specifically disclosed plans to extend the trust period for the performance-linked share compensation plan through the end of August 2026. No additional share purchases will be made after the extension at this time. - FY2025-H1Decrease in shares held by the BIP trustAnnual report
「This includes shares of the company held by the executive compensation BIP trust (118,884 shares in the previous interim consolidated accounting period and 92,599 shares in the current interim consolidated accounting period).」
The performance-linked share-based compensation plan remains in place, while the number of shares held by the BIP trust deducted in calculating EPS decreased from 118,884 shares in the same period of the previous year to 92,599 shares. - FY2024RaisedAnnual report
「Following the annual general meeting of shareholders held on 26 June 2024, the company partially revised the scheme to increase the proportion of stock-based compensation in executive compensation, thereby further strengthening directors' and other executives' awareness of contributing to higher corporate value and share prices through the achievement of performance targets and other means, and to share with shareholders the benefits and risks of share price fluctuations.」
For performance-linked stock compensation, the Company added a structure under which part of the short-term performance-linked compensation is paid in restricted stock, and raised the three-fiscal-year total limit for stock compensation from ¥540 million and 350,000 shares to ¥830 million and 415,000 shares. - FY2024-Q3Additional reduction in shares held by the BIP trustAnnual report
「This includes 152,008 shares held by the directors' compensation BIP trust for the first 3 quarters of the previous consolidated fiscal year and 110,999 shares for the first 3 quarters of the current consolidated fiscal year.」
The performance-linked share compensation plan continues, but the number of shares held by the BIP trust deducted in calculating EPS decreased from 152,008 shares in the previous corresponding period to 110,999 shares. - FY2024-Q2Additional reduction in shares held by the BIP trustAnnual report
「Includes the Company's shares held by the BIP trust for director compensation (154,840 shares in the previous second-quarter cumulative period and 118,884 shares in the current second-quarter cumulative period).」
The performance-linked share-based compensation plan remains in place, but the number of shares held by the BIP Trust deducted in calculating EPS has decreased from 154,840 shares in the same period of the previous year to 118,884 shares. - FY2024-Q1Additional reduction in shares held by the BIP trustAnnual report
「The figures include the Company’s shares held by the executive compensation BIP trust (161,922 shares for the cumulative first quarter of the previous fiscal year and 138,598 shares for the cumulative first quarter of the current fiscal year).」
The performance-linked share compensation plan continues, but the number of shares held by the BIP trust deducted in calculating EPS decreased from 161,922 shares in the previous year's corresponding period to 138,598 shares. - FY2023Further reduction in the number of shares remaining in the trust and procedures to extend the trust periodAnnual report
「Trust period: 10 August 2017 to the end of August 2023 (scheduled) *Procedures to extend the trust period are under way.」
The performance-linked stock compensation plan continues, and the number of shares remaining in the trust declined from 164,230 at the end of the previous fiscal year to 145,398 at the end of the current fiscal year. Procedures to extend the trust period are also under way. - FY2023-Q3Additional reduction in shares held by the BIP trustAnnual report
「The figures include the Company's shares held by the executive compensation BIP trust (167,329 shares for the third quarter cumulative consolidated period of the previous fiscal year and 152,008 shares for the third quarter cumulative consolidated period of the current fiscal year).」
The performance-linked stock compensation plan remains in place, but the number of shares held by the BIP trust deducted in calculating EPS decreased to 152,008 from 167,329 in the same period of the previous year. - FY2023-Q2Additional reduction in shares held by the BIP trustAnnual report
「This includes the company's shares held by the executive compensation BIP trust (168,657 shares for the cumulative second quarter of the previous fiscal year and 154,840 shares for the cumulative second quarter of the current fiscal year).」
The performance-linked stock compensation plan remains in place, but the number of trust-held shares deducted in calculating EPS declined to 154,840 from 168,657 in the same period of the previous year. - FY2023-Q1Further reduction in the number of shares held by the executive compensation BIP trustAnnual report
「The figure includes the company's shares held by the executive compensation BIP trust: 171,977 shares for the cumulative first quarter of the previous fiscal year and 161,922 shares for the cumulative first quarter of the current fiscal year.」
The performance-linked share compensation plan continues, but the number of shares held in trust deducted in calculating EPS decreased from 171,977 shares in the previous corresponding period to 161,922 shares. - FY2022Further decrease in the number of remaining shares held in the executive compensation BIP trustAnnual report
「Under this plan, a trust established by the Company using funds contributed by the Company, namely the executive compensation BIP trust, acquires the Company’s shares. Through the trust, directors and other eligible persons receive the Company’s shares corresponding to points granted according to the degree of achievement of performance targets and their positions in each consolidated fiscal year, as well as cash equivalent to the proceeds from the sale of the Company’s shares. The Company records the Company’s shares remaining in the trust as treasury shares under net assets at the trust’s carrying amount, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥355 million and 173,426 shares, respectively, at the end of the previous consolidated fiscal year, and ¥337 million and 164,230 shares, respectively, at the end of the current consolidated fiscal year.」
The performance-linked share-based compensation plan continues, and the number of remaining shares held in the trust decreased from 173,426 at the end of the previous fiscal year to 164,230. - FY2022-Q3Further reduction in the number of shares held by the executive compensation BIP trustAnnual report
「This includes the company's shares held by the executive compensation BIP trust (201,448 shares for the cumulative third quarter of the previous fiscal year and 167,329 shares for the cumulative third quarter of the current fiscal year).」
Although the performance-linked share-based compensation plan remains in place, the number of trust-held shares deducted in calculating EPS has declined from 201,448 shares in the same period of the previous year to 167,329 shares. - FY2022-Q2Further reduction in the number of shares held by the executive compensation BIP trustAnnual report
「This includes the company's shares held by the executive compensation BIP trust (213,458 shares in the cumulative second quarter of the previous consolidated fiscal year and 168,657 shares in the cumulative second quarter of the current consolidated fiscal year).」
The performance-linked stock compensation plan has continued, but the number of trust-held shares deducted in calculating EPS decreased from 213,458 shares in the same period of the previous year to 168,657 shares. - FY2022-Q1Further reduction in the number of shares held by the executive compensation BIP trustAnnual report
「Includes the Company's shares held by the BIP trust for director compensation (243,482 shares in the previous first-quarter cumulative period and 171,977 shares in the current first-quarter cumulative period).」
The performance-linked stock compensation plan remains in place, but the number of trust-held shares deducted in calculating EPS has decreased from 243,482 shares in the same period of the previous year to 171,977 shares. - FY2021Disclosure of performance-linked compensation metrics and ranges, and remaining shares held in the trustAnnual report
「The performance indicators and targets for the long-term and medium-term performance-linked share compensation are consolidated revenue of ¥400,000 million and consolidated operating profit of ¥46,000 million in the final fiscal year of the 2020-2022 medium-term management plan.」
Revenue and operating profit under the medium-term management plan were used as performance indicators for the performance-linked stock compensation plan, with payouts varying between 50% and 200% according to the degree of target achievement. Trust-held residual shares totaled 173,426 shares at the end of the consolidated fiscal year. - FY2021-Q3Further reduction in the number of shares held by the executive compensation BIP trustAnnual report
「This includes the company's shares held by the executive compensation BIP trust (253,200 shares for the cumulative third quarter of the previous fiscal year and 201,448 shares for the cumulative third quarter of the current fiscal year).」
The performance-linked stock compensation plan remains in place, but the number of shares held in trust deducted in calculating EPS declined from 253,200 shares in the same period of the previous year to 201,448 shares. - FY2021-Q2Further reduction in the number of shares held by the executive compensation BIP trustAnnual report
「Shares of the company held by the executive compensation BIP trust are recognized as treasury shares in the quarterly consolidated financial statements. Accordingly, shares held by the executive compensation BIP trust are included in the treasury shares deducted when calculating the weighted-average number of shares outstanding for quarterly earnings per share (253,200 shares in the nine months ended the second quarter of the previous fiscal year and 213,458 shares in the six months ended the second quarter of the current fiscal year).」
The performance-linked share compensation plan remains in place, but the number of trust-held shares deducted in calculating EPS declined from 253,200 in the same period of the previous year to 213,458. - FY2021-Q1Decrease in the number of shares held by the BIP Trust for Directors' CompensationAnnual report
「Shares of the company held by the directors' compensation BIP trust are recorded as treasury shares in the quarterly consolidated financial statements. Accordingly, the shares of the company held by the directors' compensation BIP trust are included in the treasury shares deducted when calculating the average number of shares outstanding during the period for the purpose of calculating quarterly net income per share: 253,200 shares for the first 3 quarters of the previous fiscal year and 243,482 shares for the first 3 quarters of the current fiscal year.」
The performance-linked stock compensation plan remains in place, but the number of trust-held shares deducted in calculating earnings per share declined to 243,482 from 253,200 in the same period of the previous year. - FY2020AdvancedAnnual report
「The Board of Directors resolved at its meeting held on 20 May 2020 to continue this plan within the scope of the matters covered by the above resolution of the annual general meeting of shareholders.」
Regarding the performance-linked share compensation plan, the Board of Directors resolved to continue the plan. The company disclosed an extension of the trust period and a limit of 350 thousand shares covering 3 fiscal years, among other details. - FY2020-Q3RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” section include 253,200 shares held in the name of Japan Master Trust Bank, Ltd. (officer compensation BIP trust account, 76092 units).」
The disclosure of 253,200 shares held by the executive compensation BIP trust account has continued. - FY2020-Q2RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” section include 253,200 shares held in the name of Japan Master Trust Bank, Ltd. (officer compensation BIP trust account, 76092 units).」
The disclosure of 253,200 shares held by the executive compensation BIP trust account has continued. - FY2020-Q1RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” section include 253,200 shares held in the name of Japan Master Trust Bank, Ltd. (officer compensation BIP trust account, 76092 units).」
The disclosure of 253,200 shares held by the executive compensation BIP trust account has continued. - FY2019-Q3RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” section include 253,200 shares held in the name of Japan Master Trust Bank, Ltd. (officer compensation BIP trust account, 76092 units).」
Disclosure continues of 253,200 shares held in the trust account under the directors' compensation BIP trust. - FY2019-Q2RestatedAnnual report
「The common shares in the “Fully Voting Shares (Other)” section include 253,200 shares held in the name of Japan Master Trust Bank, Ltd. (officer compensation BIP trust account, 76092 units).」
Disclosure continues of 253,200 shares held in the trust account under the directors' compensation BIP trust. - FY2019-Q1RestatedAnnual report
「The shares held in the name of Japan Master Trust Bank, Ltd. (officer compensation BIP trust account, 76092 units) include 253,200 shares.」
Regarding the executive compensation BIP trust introduced from the second quarter of the previous fiscal year, the 253,200 shares held by the trust account continue to be disclosed. - FY2018-Q2AdvancedAnnual report
「From the second quarter of the current consolidated fiscal period, the Company introduced the “Executive Compensation BIP Trust” (the “Plan”) as a performance-linked share-based compensation plan for its directors (excluding outside directors and nonresidents of Japan) and executive officers with titles (excluding nonresidents of Japan).」
The performance-linked share compensation plan, whose details were disclosed in the previous fiscal year, was actually introduced from the second quarter accounting period. The trust held 253,200 shares with a book value of ¥519 million, and a provision for share-based compensation was also recorded. - FY2017First statedAnnual report
「The performance-linked stock compensation plan approved at the 154th Annual General Meeting of Shareholders applies to the Company’s directors, excluding outside directors and non-residents of Japan, and executive officers with titles, excluding non-residents of Japan, with a performance period of three fiscal years linked to the medium-term management plan.」
First detailed disclosure of a performance-linked stock compensation plan covering a three-fiscal-year period linked to the medium-term management plan.