Considering the Introduction of Performance-Based and Equity Compensation
First written in FY2020. 4 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 8 companies on the "Worse" side.
8 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The 370,271-share increase in treasury shares during the fiscal year consisted of 369,500 shares acquired pursuant to a resolution of the Board of Directors and 771 shares acquired through purchases of less-than-one-unit shares.」
The restricted stock compensation plan continued, with 35,400 shares granted under an advance-delivery arrangement for 2025, and ¥9 million recognized as expense during the fiscal year. - FY2023RestatedAnnual report
「The amount of restricted stock compensation, which is non-monetary compensation for directors other than directors who are Audit and Supervisory Committee members, is calculated by multiplying each director's base compensation by a rate obtained by multiplying a position-based base grant rate by a TSR evaluation coefficient and a performance evaluation coefficient, and adding an incentive grant rate corresponding to the minimum grant rate. The TSR evaluation coefficient is calculated by dividing the company's five-year average TSR growth rate by the five-year average TSR for TOPIX. The performance evaluation coefficient is the achievement rate against the 3% ordinary profit margin used as a management target indicator, with the achievement rate set at 0% if negative.」
The company continues to disclose a compensation structure including restricted stock compensation and a calculation method using TSR and a 3% ordinary profit margin. - FY2023-Q2AdvancedAnnual report
「Treasury shares decreased by 18,200 shares as a result of the disposal of treasury shares carried out on 28 June 2021 as restricted stock compensation.」
The filing recorded implementation of the restricted stock compensation plan through the disposal of 18,200 treasury shares. - FY2022RestatedAnnual report
「Compensation for directors (excluding directors who are Audit and Supervisory Committee members) consists of fixed monthly base compensation and restricted stock compensation as non-monetary compensation. In view of their responsibilities, directors who are Audit and Supervisory Committee members receive only base compensation in their supervisory role.」
The compensation structure, including restricted stock compensation, has been maintained, with Audit and Supervisory Committee members receiving only base compensation. Non-monetary compensation of ¥1 million was recognized during the period. - FY2022-Q2AdvancedAnnual report
「Treasury shares decreased by 7,500 shares as a result of the disposal of treasury shares carried out on 28 June 2021 as restricted stock compensation.」
The restricted stock compensation plan progressed from shareholder approval to implementation through the disposal of 7,500 treasury shares on 28 June 2021. - FY2021AdvancedAnnual report
「At the 124th Annual General Meeting of Shareholders held on 28 April 2021, amendments to the compensation framework for directors (excluding directors who are Audit and Supervisory Committee members) for the next consolidated fiscal year were approved, including a restricted stock compensation plan. Cash compensation is capped at ¥200 million per year, restricted stock compensation at ¥40 million per year, and total compensation at ¥240 million per year, which is equal to the annualized amount of the previous cash compensation, excluding employee salaries.」
The company progressed from considering performance-linked and share-based compensation to shareholder approval of a restricted stock compensation plan and the compensation framework. - FY2020First statedAnnual report
「Going forward, in response to our earnings situation and with the aim of increasing motivation to contribute to improvements in medium- to long-term performance and corporate value, we will consider compensation forms, levels and proportions, including performance-linked and share-based compensation.」
For the first time, a policy was described to consider compensation forms, levels and proportions including performance-linked and share-based compensation, compared with the current system consisting solely of fixed cash compensation.