Introducing a Performance-Linked Share-Based Compensation Plan
First written in FY2018. 8 of 16 entries say "Restated". Latest entry: FY2026.
75 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The number of shares granted and their weighted average fair value in the previous and current consolidated fiscal years were as follows. Grant: 154,148 / 727; 173,612 / 780 Exercise (Note) 1: △73,318 / 792; △193,422 / 826」
The performance-linked share-based compensation plan continued to operate. During the current consolidated fiscal year, 173,612 shares were granted and 193,422 shares were reduced through delivery to retiring executive officers, and ¥104 million in share-based compensation expense was recorded. - FY2026-H1AdvancedAnnual report
「To function as an incentive for achieving the medium-term management plan, integration 1.1, and increasing corporate value over the medium to long term, the Company has set profit for the year attributable to owners of the parent as the performance metric for performance-linked compensation and other compensation and performance-linked share-based compensation.」
For performance-linked compensation and performance-linked share-based compensation, profit for the year attributable to owners of the parent was set as the performance metric for the purpose of achieving integration 1.1 and increasing corporate value over the medium to long term. The payment amount is calculated according to the following profit-for-the-year bands: less than ¥5 billion, ¥5 billion or more but less than ¥25 billion, ¥25 billion or more but less than ¥35 billion, and ¥35 billion or more. An evaluation period from April 2024 to March 2027 has been established for the share-based compensation. - FY2025AdvancedAnnual report
「Shares are actually granted to the eligible directors and executive officers in the final year of the evaluation period, namely the period specified in the medium-term management plan (from 1 April 2024 to the end of March 2027), or in the fiscal year in which the medium-term management plan is achieved.」
The performance-linked share-based compensation plan was linked to the evaluation period for integration 1.0, from April 2024 to March 2027. During the current period, 77,074 shares were granted and ¥169 million in share-based compensation expense was recorded. - FY2024-Q3RestatedAnnual report
「Diluted earnings per share were calculated by treating contingently issuable shares expected to be delivered under the performance-linked share compensation plan as potential shares.」
The continued operation of the performance-linked share-based compensation plan and the inclusion of 279,000 contingently issuable shares under the plan in the calculation of diluted earnings per share have been reconfirmed. - FY2023AdvancedAnnual report
「The number of shares granted and their weighted average fair value in the previous and current consolidated fiscal years were as follows. Grant: 82,564 / 1,439; 92,838 / 1,416 Exercise (Note): △5,168 / 1,583; △30,113 / 1,583」
The performance-linked share-based compensation plan continued to operate. During the current consolidated fiscal year, 92,838 shares were granted and 30,113 shares were reduced through delivery to retiring personnel, and ¥131 million in share-based compensation expense was recorded. - FY2022AdvancedAnnual report
「Share-based compensation expense recorded in the previous consolidated fiscal year and the current consolidated fiscal year was ¥45 million and ¥118 million, respectively.」
The performance-linked share-based compensation plan continued to operate. During the current consolidated fiscal year, 82,564 shares were granted and 5,168 shares were reduced through delivery to retiring executive officers, and ¥118 million in share-based compensation expense was recorded. - FY2022-Q3RestatedAnnual report
「Diluted earnings per share were calculated by treating contingently issuable shares expected to be delivered under the performance-linked share compensation plan as potential shares.」
The Company has reconfirmed the continued operation of the performance-linked share compensation plan and the inclusion of contingently issuable shares under the plan in the calculation of diluted earnings per share. - FY2022-Q1RestatedAnnual report
「Diluted earnings per share were calculated by treating contingently issuable shares expected to be delivered under the performance-linked share compensation plan as potential shares.」
The Company has reconfirmed the continued operation of the performance-linked share compensation plan and the inclusion of contingently issuable shares under the plan in the calculation of diluted earnings per share. - FY2021-Q3RestatedAnnual report
「The Company has introduced a performance-linked share compensation plan for directors and executive officers. During the nine-month period ended in the third quarter of the previous fiscal year, in connection with the retirement of officers, the trust for share delivery to officers disposed of 9,000 of the Company’s common shares, with a total disposal value of ¥14 million.」
The Company has reconfirmed the performance-linked share compensation plan and the disposal, in connection with the retirement of officers, of 9,000 shares held by the trust for share delivery to officers at a total disposal value of ¥14 million. - FY2020-Q3RestatedAnnual report
「During the nine-month period ended in the third quarter, in connection with the retirement of officers, the trust for share delivery to officers disposed of 9,000 of the Company’s common shares, with a total disposal value of ¥14 million.」
The Company has reconfirmed the disposal, in connection with the retirement of officers, of 9,000 shares held by the trust for share delivery to officers at a total disposal value of ¥14 million under the performance-linked share compensation plan. - FY2020-Q2AdvancedAnnual report
「During the six-month period ended in the second quarter, in connection with the retirement of officers, the trust for share delivery to officers disposed of 9,000 of the Company’s common shares, with a total disposal value of ¥14 million.」
In operating the performance-linked share compensation plan, the Company disposed of 9,000 shares held by the trust for share delivery to officers in connection with the retirement of officers, at a total disposal value of ¥14 million. - FY2020-Q1RestatedAnnual report
「Diluted quarterly earnings per share for the three-month period ended in the first quarter were calculated by treating contingently issuable shares expected to be delivered under the performance-linked share compensation plan as potential shares.」
The Company has reconfirmed the continued operation of the performance-linked share compensation plan and the inclusion of contingently issuable shares under the plan in the calculation of diluted earnings per share. - FY2019RestatedAnnual report
「The performance-linked share compensation plan is accounted for as an equity-settled share-based payment, and the expense recognized during the fiscal year was ¥64 million.」
The Company continued operating the performance-linked share compensation plan and recognized share-based payment expenses of ¥64 million during the fiscal year. - FY2019-Q3RestatedAnnual report
「The Group has introduced a performance-linked share compensation plan for directors and executive officers. During the nine-month period ended in the third quarter, the trust for share delivery to officers acquired 711,500 of the Company’s common shares, with a total acquisition cost of ¥1,124 million.」
The Company has reconfirmed the performance-linked share compensation plan and the acquisition by the trust for share delivery to officers of 711,500 shares at a total acquisition cost of ¥1,124 million. - FY2019-Q2AdvancedAnnual report
「The Group has introduced a performance-linked share compensation plan for directors and executive officers. During the six-month period ended in the second quarter, the trust for share delivery to officers acquired 711,500 of the Company’s common shares, with a total acquisition cost of ¥1,124 million.」
Under the performance-linked share compensation plan approved for introduction in the previous fiscal year, the trust for share delivery to officers acquired 711,500 shares at a total acquisition cost of ¥1,124 million. - FY2018First statedAnnual report
「At meetings of the Board of Directors held on 9 May 2018 and the 124th Annual General Meeting of Shareholders held on 22 June 2018, the Company resolved to introduce a trust-based performance-linked share compensation plan for its directors, excluding outside directors. During the initial medium-term management plan period, the Company will contribute up to ¥450 million as compensation for directors in office during the trust period, to fund the acquisition of the Company’s shares required for delivery to directors under the plan.」
The Company introduced a trust-based share compensation plan linked to performance and share value for directors and executive officers. The trust period is scheduled to run from August 2018 to August 2024, with a contribution limit of ¥450 million.