Sharing Value with Shareholders Through the Introduction of a Restricted Stock Compensation Plan
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2024-Q2.
- FY2024-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 25 May 2023, we disposed of 19,000 treasury shares as restricted stock compensation on 9 June 2023.」
Under the restricted stock compensation program, 19,000 treasury shares were disposed of on 9 June 2023. - FY2023RestatedAnnual report
「Restricted stock compensation was introduced to provide an incentive for sustained enhancement of corporate value and to promote greater value sharing between directors and shareholders. Once a year, pursuant to the stock compensation regulations and following a resolution of the Board of Directors, restricted stock using the Company's common shares is allocated and granted to eligible recipients.」
The company continues to grant restricted stock compensation once a year as a system to promote value sharing between directors and shareholders and provide an incentive to enhance corporate value. - FY2021RestatedAnnual report
「Restricted stock compensation was introduced to provide an incentive for sustained enhancement of corporate value and to promote greater value sharing between directors and shareholders. Once a year, pursuant to the stock compensation regulations and following a resolution of the Board of Directors, restricted stock using the Company's common shares is allocated and granted to eligible recipients.」
The company continues to grant restricted stock compensation once a year as a system to promote value sharing between directors and shareholders and provide an incentive to enhance corporate value. - FY2020-Q3RestatedAnnual report
「Based on a resolution of the Board of Directors meeting held on 29 May 2019, we disposed of 37,000 treasury shares as restricted stock compensation on 13 June 2019.」
The disposal of 37,000 treasury shares as restricted stock compensation on 13 June 2019 has been reconfirmed. - FY2020-Q2AchievedAnnual report
「Based on a resolution of the Board of Directors meeting held on 29 May 2019, we disposed of 37,000 treasury shares as restricted stock compensation on 13 June 2019.」
Under the restricted stock compensation program introduced and approved in FY2019, 37,000 treasury shares were disposed of on 13 June 2019, and the program has moved into practical implementation. - FY2019First statedAnnual report
「The purpose of this plan is to provide directors with incentives to achieve sustainable growth in corporate value and promote greater alignment of value with shareholders. For Audit & Supervisory Board members, the plan is intended to provide incentives to prevent impairment of corporate value and maintain trust through alignment of value with shareholders. Total annual compensation under the plan will be limited to ¥50,000 thousand for directors, including no more than ¥3,000 thousand for outside directors, in addition to existing cash compensation. The total number of common shares issued or disposed of under the plan will be limited to 70,000 shares per year. For Audit & Supervisory Board members, total annual compensation will be limited to ¥3,000 thousand, with the number of common shares issued or disposed of limited to 4,000 shares per year.」
The plan was approved by the Board of Directors on 12 April 2019 and by the annual general meeting of shareholders on 29 May 2019. It is intended to promote sustainable growth in corporate value and alignment with shareholders through restricted stock grants to officers.