Introduction of a Performance-Linked Share Compensation Plan
First written in FY2018. 6 of 15 entries say "Restated". Latest entry: FY2026.
4 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Total number of shares scheduled to be acquired by Directors and other officers 200,000 shares per fiscal year (maximum)」
At the shareholders’ meeting in June 2025, the Company again resolved to implement the performance-linked stock compensation plan, expanding the eligible participants to Directors and executive officers and raising the annual limit from 150,000 shares to 200,000 shares. The BIP trust held 721,100 shares. - FY2026-H1Decrease in shares held by the BIP trustAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 272,000 shares held by the executive compensation BIP trust.」
The number of shares held by the BIP trust decreased to 272,000 from 399,800 disclosed previously. - FY2025-H1Decrease in shares held by the BIP trustAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 399,800 shares held by the executive compensation BIP trust.」
The number of shares held by the executive compensation BIP trust decreased to 399,800 from 483,700 disclosed previously. - FY2024-Q3Decrease in shares held by the BIP trustAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 449,200 shares held by the executive compensation BIP trust.」
The number of shares held by the executive compensation BIP trust decreased to 449,200 from 483,700 disclosed for the previous quarter. - FY2024-Q1RestatedAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 483,700 shares held by the executive compensation BIP trust.」
The Company continues to disclose the BIP trust’s shareholding in connection with the performance-linked stock compensation plan. - FY2023AdvancedAnnual report
「The carrying amount and number of the treasury shares at the end of the consolidated fiscal year were ¥308 million and 483,762 shares, respectively.」
The number of shares held by the BIP trust under the performance-linked stock compensation plan increased from 373,362 shares at the end of the previous fiscal year to 483,762 shares. - FY2022-Q3RestatedAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 373,300 shares held by the executive compensation BIP trust.」
The Company continues to disclose the BIP trust’s holding of 373,300 shares in connection with the performance-linked stock compensation plan. - FY2022-Q2RestatedAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 373,300 shares held by the executive compensation BIP trust.」
The Company continues to disclose the BIP trust’s shareholding in connection with the performance-linked stock compensation plan. - FY2021-Q2RestatedAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 374,600 shares held by the executive compensation BIP trust.」
The Company continues to disclose the BIP trust’s shareholding in connection with the performance-linked stock compensation plan. - FY2020-Q3AdvancedAnnual report
「As of the end of the third quarter accounting period, the number of treasury shares held was 1,337,010, representing 0.43% of the total number of shares issued. The number of shares held excludes 376,600 shares of the Company held by the executive compensation BIP trust.」
The number of shares held by the BIP trust in connection with the performance-linked stock compensation plan was disclosed as 376,600. - FY2020-Q2RestatedAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 99,100 shares held by the executive compensation BIP trust.」
The holding of 99,100 shares by the executive compensation BIP trust in connection with the performance-linked stock compensation plan was disclosed again. - FY2019-Q3RestatedAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 99,100 shares held by the executive compensation BIP trust.」
The holding of 99,100 shares by the executive compensation BIP trust in connection with the performance-linked stock compensation plan was disclosed again. - FY2019-Q2AdvancedAnnual report
「The “Shares with Full Voting Rights (Other)” column includes 99,100 shares held by the executive compensation BIP trust.」
It was disclosed that the executive compensation BIP trust held 99,100 shares in connection with the performance-linked stock compensation plan. - FY2019-Q1AdvancedAnnual report
「In connection with the introduction of the plan, the Company will dispose of treasury shares through a third-party allotment to Japan Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account), a joint trustee under the executive compensation BIP trust agreement to be entered into between the Company and Mitsubishi UFJ Trust and Banking Corporation. Type and number of shares to be disposed of: 99,100 shares of the Company’s common stock.」
The Company resolved to dispose of 99,100 treasury shares through a third-party allotment to the BIP Trust Account in preparation for implementing the performance-linked stock compensation plan, setting 3 September 2018 as the trust agreement and plan commencement date and 4 September as the disposal date. - FY2018First statedAnnual report
「At a meeting of the Board of Directors held on 24 May 2018, the Company resolved to introduce a performance-linked stock compensation plan for the Company’s directors, excluding outside directors and non-residents of Japan (collectively, the “Directors”), with the aim of clarifying the linkage between directors’ compensation and the Company’s share value and increasing their awareness of contributing to improved performance over the medium to long term and increased corporate value. It was also resolved to submit a proposal concerning the introduction of the plan to the 133rd Annual General Meeting of Shareholders held on 27 June 2018, where the proposal was approved as originally submitted. The plan was introduced based on a recommendation from the Compensation Committee, chaired by an outside director and composed of a majority of outside directors. The plan adopts a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP Trust”). ② Total number of shares scheduled to be acquired by the Directors: 150,000 shares per fiscal year (maximum).」
The Company introduced a BIP trust-based stock compensation plan for Directors, under which shares and other interests are delivered based on achievement levels for share value, corporate performance indicators and other measures, with a limit of 150,000 shares per fiscal year.