Abolition of the Executive Retirement Benefit System and Introduction of a Trust-Based Stock Compensation Plan
First written in FY2019. 10 of 14 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
6 other companies' latest entry also says "Advanced".
- FY2026Launch of a new covered period for the share-based compensation planAnnual report
「Under this plan, company shares will be delivered to directors who remain in office during the 5 fiscal years from the fiscal year ending 31 March 2025 through the fiscal year ending 31 March 2029 (the “Covered Period”).」
Following the end of the previous covered period, the company disclosed a share-based compensation plan covering a new 5 fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2029. The planned total number of shares is 105,000, and the performance-linked component is tied to net sales, operating profit and ROE. - FY2024End of the share-based compensation plan's covered period and redesign as a performance-linked planAnnual report
「For each fiscal year, the performance-linked points will be linked to management indicators that are key metrics in the medium-term management plan, namely net sales, operating profit and return on equity, and will be granted on a variable basis within a range of 0% to 150% according to the degree of achievement of the targets for those management indicators in the relevant fiscal year.」
The former trust-based share-based compensation plan covered the period through the fiscal year ending March 2024, and 61,200 shares were delivered to retiring directors during the current fiscal year. At the same time, the compensation policy was reviewed and reorganized into a plan that includes performance-linked points varying from 0% to 150% according to achievement of targets for net sales, operating profit and ROE. - FY2024-Q1RestatedAnnual report
「The company has operated a share-based compensation plan since the 98th fiscal year and records the company's shares held by Sumitomo Mitsui Trust Bank, Limited as trust assets as treasury shares in its quarterly consolidated financial statements and consolidated financial statements.」
The company continues to disclose the share-based compensation plan introduced following the abolition of the directors' retirement benefit allowance plan, as well as the accounting treatment of shares held by the trust as treasury shares. - FY2023-Q2RestatedAnnual report
「The company has operated a share-based compensation plan since the 98th fiscal year and records the company's shares held by Sumitomo Mitsui Trust Bank, Limited as trust assets as treasury shares in its quarterly consolidated financial statements and consolidated financial statements.」
The company continues to disclose the share-based compensation plan introduced following the abolition of the directors' retirement benefit allowance plan, as well as the accounting treatment of shares held by the trust as treasury shares. - FY2022RestatedAnnual report
「Under this plan, a trust established with funds contributed by the company acquires the company's shares, and shares corresponding to the number of points granted by the company to each director are delivered to each director through the trust.」
The company continues to operate the trust-based share-based compensation plan covering the period from the fiscal year ending March 2020 through the fiscal year ending March 2024, following the abolition of the directors' retirement benefit allowance plan. - FY2022-Q3RestatedAnnual report
「The company has operated a share-based compensation plan since the previous consolidated fiscal year and records the company's shares held by Sumitomo Mitsui Trust Bank, Limited as trust assets as treasury shares in its quarterly consolidated financial statements.」
The company continues to disclose the share-based compensation plan introduced in the previous consolidated fiscal year and the recording of shares held by the trust as treasury shares. - FY2022-Q2RestatedAnnual report
「The company has operated a share-based compensation plan since the 98th fiscal year and records the company's shares held by Sumitomo Mitsui Trust Bank, Limited as trust assets as treasury shares in its quarterly consolidated financial statements and consolidated financial statements.」
The company continues to disclose the share-based compensation plan introduced in the previous consolidated fiscal year and the recording of shares held by the trust as treasury shares. - FY2021-Q3RestatedAnnual report
「The company has operated a share-based compensation plan since the previous consolidated fiscal year and records the company's shares held by Sumitomo Mitsui Trust Bank, Limited as trust assets as treasury shares in its quarterly consolidated financial statements.」
The company continues to disclose the share-based compensation plan introduced in the previous consolidated fiscal year and the recording of shares held by the trust as treasury shares. - FY2021-Q2RestatedAnnual report
「The company has operated a share-based compensation plan since the previous consolidated fiscal year and records the company's shares held by Sumitomo Mitsui Trust Bank, Limited as trust assets as treasury shares in its quarterly consolidated financial statements and consolidated financial statements.」
The company continues to disclose the share-based compensation plan introduced in the previous consolidated fiscal year and the recording of shares held by the trust as treasury shares. - FY2021-Q1RestatedAnnual report
「The company has operated a share-based compensation plan since the previous consolidated fiscal year and records the company's shares held by Sumitomo Mitsui Trust Bank, Limited as trust assets as treasury shares in its quarterly consolidated financial statements and consolidated financial statements.」
The company continues to disclose the share-based compensation plan introduced in the previous consolidated fiscal year and the recording of shares held by the trust as treasury shares. - FY2020RestatedAnnual report
「From the current consolidated fiscal year, we abolished the former directors' retirement benefit allowance plan and introduced a new share-based compensation plan for directors.」
The company confirmed in its full-year disclosure that it abolished the directors' retirement benefit allowance plan and introduced a trust-based share-based compensation plan. The covered period is the 5 fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2024. - FY2020-Q3RestatedAnnual report
「Based on a resolution of the 97th Annual General Meeting of Shareholders held on 27 June 2019, we abolished the former directors' retirement benefit allowance plan from the second-quarter consolidated accounting period and introduced a new share-based compensation plan for directors. The company's shares remaining in the trust are recorded as treasury shares under net assets at the carrying amount in the trust, excluding associated costs. At the end of the third-quarter consolidated accounting period, the carrying amount and number of these treasury shares were ¥116.965 million and 170,000 shares, respectively.」
The company continues to disclose that it abolished the directors' retirement benefit allowance plan and introduced a share-based compensation plan, as well as the accounting treatment for shares held by the trust. - FY2020-Q2AchievedAnnual report
「Based on a resolution of the 97th Annual General Meeting of Shareholders held on 27 June 2019, we abolished the former directors' retirement benefit allowance plan from the second-quarter consolidated accounting period and introduced a new share-based compensation plan for directors.」
The plan that was scheduled for introduction in the previous fiscal year was implemented from the second-quarter consolidated accounting period. The 170,000 shares of the company held by the trust, with a carrying amount of ¥116.965 million, are recorded as treasury shares. - FY2019First statedAnnual report
「We resolved to abolish the directors' retirement benefit allowance plan and introduce a trust-based share-based compensation plan for our directors, excluding outside directors and part-time directors. A proposal concerning the introduction of the plan was submitted to the 97th Annual General Meeting of Shareholders held on 27 June 2019, approved and adopted at the meeting, and is scheduled to be introduced.」
The company announced a policy to abolish the directors' retirement benefit allowance plan and introduce a trust-based share-based compensation plan covering the 5 fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2024. The trust contribution ceiling is ¥340 million, and the annual points ceiling is 34,000 points.