Performance-Linked Share-Based Compensation Plan for Executives
First written in FY2018-Q1. 5 of 13 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
5 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 15 May 2023, decided not to renew the trust agreement scheduled to expire at the end of August 2023 and to stop granting new points (shares) from the fiscal year ending March 2024 onward.」
The annual report also confirms that the trust agreement for the performance-linked stock compensation plan for directors and executive officers would not be renewed and that new points would no longer be granted from the fiscal year ending March 2024 onward. - FY2024-Q2RestatedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 15 May 2023, decided not to renew the trust agreement scheduled to expire at the end of August 2023 and to stop granting new points (shares) from the fiscal year ending March 2024 onward.」
Reconfirmed that the trust agreement for the performance-linked stock compensation plan for directors and executive officers would not be renewed and that new points would no longer be granted from the fiscal year ending March 2024 onward. - FY2023SoftenedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 15 May 2023, new points under stock compensation plan ① will no longer be granted from the fiscal year ending March 2024 onward. In addition, in light of deteriorating performance, the issue or delivery of restricted stock for the fiscal year ending March 2023 was deferred.」
Stopped granting new points under the performance-linked stock compensation plan from the fiscal year ending March 2024 onward, and deferred the restricted stock compensation for the fiscal year ending March 2023. - FY2022-Q1AdvancedAnnual report
「Pursuant to a resolution of the Board of Directors meeting held on 17 June 2021, issued 27,700 new shares as restricted stock compensation effective 16 July 2021.」
The restricted stock compensation plan progressed to implementation, with 27,700 shares to be issued to 3 directors as the allottees. The issue price was ¥801 per share, for a total of ¥22,187,700. - FY2021ReframedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 17 June 2021, we introduced a restricted stock compensation plan for directors other than outside directors and directors serving as Audit and Supervisory Committee members.」
In addition to the existing performance-linked stock compensation plan, introduced a restricted stock compensation plan covering the two fiscal years from the fiscal year ending March 2022 through the fiscal year ending March 2023. - FY2020ReframedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 15 June 2017, we introduced a performance-linked stock compensation plan for directors other than outside directors and directors serving as Audit and Supervisory Committee members. Under the plan, directors receive Company shares upon retirement based on the achievement of Company performance during the current medium-term management plan period, from the fiscal year ending March 2021 through the fiscal year ending March 2023. The shares are acquired through a trust from the securities market, funded by directors’ compensation contributions from the Company, capped at ¥200 million for 4 directors, with a trust term of 3 years.」
Changed from the plan covering the period from the fiscal year ending March 2018 through the fiscal year ending March 2020 to a plan covering the new medium-term management plan period from the fiscal year ending March 2021 through the fiscal year ending March 2023. - FY2019Performance-linked targets not metAnnual report
「The targets and results for each indicator in the fiscal year were as follows (¥ millions): consolidated net sales, target: 16,000; actual: 12,397; consolidated operating profit, target: 600; actual: ▲635; consolidated net income, target: 380; actual: ▲541; consolidated contract value, target: 18,000; actual: 16,169.」
Disclosed the targets and results for net sales, operating profit, net income and contract value as performance-linked indicators for executive bonuses. The profit indicators were in the red. - FY2019-Q3RestatedAnnual report
「This plan covers the three fiscal years from the fiscal year ending 31 March 2018 through the fiscal year ending 31 March 2020 (the “Target Period”). At the time of retirement, the plan provides directors and executive officers with Company shares or other items as compensation, based on (a) the degree of achievement against the performance forecasts disclosed in the earnings summary released by the Company at the beginning of each fiscal year, (b) for the final fiscal year of the medium-term management plan, the degree of achievement against the performance targets of the medium-term management plan in addition to (a), and (c) the participant’s position.」
Reconfirmed the coverage period of the performance-linked stock compensation plan for directors and executive officers and the grant conditions based on achievement against performance forecasts and medium-term management plan targets and on position. - FY2019-Q2RestatedAnnual report
「This plan covers the three fiscal years from the fiscal year ending 31 March 2018 through the fiscal year ending 31 March 2020 (the “Target Period”). At the time of retirement, the plan provides directors and executive officers with Company shares or other items as compensation, based on (a) the degree of achievement against the performance forecasts disclosed in the earnings summary released by the Company at the beginning of each fiscal year, (b) for the final fiscal year of the medium-term management plan, the degree of achievement against the performance targets of the medium-term management plan in addition to (a), and (c) the participant’s position.」
Reconfirmed the coverage period of the performance-linked stock compensation plan for directors and executive officers and the grant conditions based on achievement against performance forecasts and medium-term management plan targets and on position. - FY2018AdvancedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 15 June 2017, we introduced a performance-linked stock compensation plan under which directors receive Company shares upon retirement, based on the achievement of Company performance during the medium-term management plan period, currently from the fiscal year ending March 2018 through the fiscal year ending March 2020. The plan covers directors other than outside directors, directors serving as Audit and Supervisory Committee members, and directors residing overseas.」
The performance-linked stock compensation plan for directors and executive officers was implemented and operated for the three fiscal years from the fiscal year ending March 2018 through the fiscal year ending March 2020. - FY2018-Q3RestatedAnnual report
「This plan covers the three fiscal years from the fiscal year ending 31 March 2018 through the fiscal year ending 31 March 2020 (the “Target Period”). At the time of retirement, the plan provides directors and executive officers with Company shares or other items as compensation, based on (a) the degree of achievement against the performance forecasts disclosed in the earnings summary released by the Company at the beginning of each fiscal year, (b) for the final fiscal year of the medium-term management plan, the degree of achievement against the performance targets of the medium-term management plan in addition to (a), and (c) the participant’s position.」
Continuing to disclose the coverage period of the performance-linked stock compensation plan for directors and executive officers and the grant conditions based on achievement against performance forecasts and medium-term management plan targets and on position. - FY2018-Q2AdvancedAnnual report
「This plan covers the three fiscal years from the fiscal year ending 31 March 2018 through the fiscal year ending 31 March 2020 (the “Target Period”). At the time of retirement, the plan provides directors and executive officers with Company shares or other items as compensation, based on (a) the degree of achievement against the performance forecasts disclosed in the earnings summary released by the Company at the beginning of each fiscal year, (b) for the final fiscal year of the medium-term management plan, the degree of achievement against the performance targets of the medium-term management plan in addition to (a), and (c) the participant’s position.」
Specified the three fiscal years covered by the performance-linked stock compensation plan for directors and executive officers, and the grant conditions based on achievement against performance forecasts and medium-term management plan targets and on position. - FY2018-Q1First statedAnnual report
「Regarding the performance-linked stock compensation plan for directors and executive officers approved at the 32nd Annual General Meeting of Shareholders held on 15 June 2017, the Board of Directors resolved at its meeting held on 27 July 2017 to place ¥158 million in trust for the purchase of shares, set the purchase period from 2 August 2017 to 30 March 2018 (予定), and acquire the Company’s shares through the exchange market.」
Specified the ¥158 million trust amount, acquisition period and method of acquiring shares through the exchange market for the performance-linked stock compensation plan for directors and executive officers.