Stock compensation trust for directors and officers
First written in FY2023-Q1. 6 of 8 entries say "Advanced", first in FY2023-Q2. Latest entry: FY2026.
20 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥115 million and 40 thousand shares at the end of the previous consolidated fiscal year, and ¥106 million and 37 thousand shares at the end of the current consolidated fiscal year.」
The remaining shares in the stock delivery trust for directors and officers changed from 40 thousand to 37 thousand shares, indicating that operation of the system progressed. - FY2026-H1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥115 million and 40 thousand shares at the end of the previous consolidated fiscal year, and ¥106 million and 37 thousand shares at the end of the current interim consolidated accounting period.」
The remaining shares in the stock delivery trust for directors and officers changed from 40 thousand to 37 thousand shares, and the carrying amount changed from ¥115 million to ¥106 million, indicating that the system is progressing in operation. - FY2025AdvancedAnnual report
「The Company records the Company Shares remaining in the Trust as treasury shares under net assets at their carrying amount in the Trust, excluding ancillary costs. The carrying amount and number of these treasury shares were ¥124 million and 43 thousand shares at the end of the previous consolidated fiscal year, and ¥115 million and 40 thousand shares at the end of the current consolidated fiscal year.」
The remaining shares in the stock delivery trust for directors changed from 43 thousand to 40 thousand shares, and the carrying amount changed from ¥124 million to ¥115 million, indicating that operation of the system progressed. - FY2025-H1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥124 million and 43 thousand shares at the end of the previous consolidated fiscal year, and ¥115 million and 40 thousand shares at the end of the current interim consolidated accounting period.」
The remaining shares in the stock delivery trust for directors changed from 43 thousand to 40 thousand shares, and the carrying amount changed from ¥124 million to ¥115 million, indicating that the system is progressing in operation. - FY2024-Q2AdvancedAnnual report
「Under this system, money is transferred to the Trust, which acquires the Company’s common shares (the “Company Shares”). The Company Shares are delivered through the Trust to directors in accordance with the number of points awarded under the share delivery rules established by the Company’s Board of Directors. In principle, the Company Shares are delivered to directors when they leave office. The initial term of this system is approximately 5 years, from 29 June 2022 through the date of the annual general meeting of shareholders in 2027. [Omitted] The carrying amount and number of these treasury shares were ¥129 million and 45 thousand shares at the end of the previous consolidated fiscal year, and ¥124 million and 43 thousand shares at the end of the second quarter of the current consolidated fiscal year.」
For the stock delivery trust for directors, the Company reconfirmed the term and disclosed that the remaining shares in the trust changed from 45 thousand to 43 thousand shares, and the carrying amount changed from ¥129 million to ¥124 million. - FY2024-Q1RestatedAnnual report
「The initial term of this system is approximately 5 years, from 29 June 2022 through the date of the annual general meeting of shareholders in 2027.」
The Company reconfirmed that the term of the stock delivery trust for directors is approximately 5 years, from June 2022 through the 2027 annual general meeting of shareholders. - FY2023-Q2AdvancedAnnual report
「Under this system, money is transferred to the Trust, which acquires the Company’s common shares (the “Company Shares”). The Company Shares are delivered through the Trust to directors in accordance with the number of points awarded under the share delivery rules established by the Company’s Board of Directors. The initial term of this system is approximately 5 years, from 29 June 2022 through the date of the annual general meeting of shareholders in 2027.」
The stock delivery trust for directors and officers has progressed to the implementation and operation stage. The Company disclosed a term of approximately 5 years and 45 thousand remaining shares in the trust with a carrying amount of ¥129 million. - FY2023-Q1First statedAnnual report
「The Company has resolved to introduce a stock compensation system using a trust for directors of the Company, excluding outside directors (the same applies hereinafter), with the aim of more clearly linking directors’ compensation to the Company’s share value and fostering an awareness among directors of contributing to improved medium- to long-term performance and increased corporate value by sharing with shareholders the benefits and risks arising from fluctuations in the share price. The trust established to introduce this system is referred to as the “Trust.”」
The Company resolved to introduce a trust-based stock compensation system for directors, transferred 45,000 treasury shares valued at ¥129,285,000 to the trust on 30 August 2022, and plans to terminate the trust at the end of August 2027.