Executive Incentives Through Performance-Linked Compensation and Stock Options
First written in FY2017. 9 of 11 entries say "Advanced", first in FY2018-Q2. Latest entry: 2026-07-24.
- FY2026-H1AdvancedAnnual report
「Total performance-linked compensation (Bonus A) = ¥104,560 thousand × (achievement rate against the annual consolidated operating profit target × 75% + achievement rate against the annual target for net income attributable to owners of the parent × 25%)」
For performance-linked compensation for the fiscal year ending March 2026, the company specified a calculation method using consolidated operating profit and net income attributable to owners of the parent as performance metrics, weighted at 75% and 25%, respectively. The annual targets are ¥12 billion in consolidated operating profit and ¥8.6 billion in net income attributable to owners of the parent, with achievement capped at 130% for each metric. - FY2024AdvancedAnnual report
「Directors' compensation consists of fixed compensation (cash compensation), performance-linked compensation (bonuses linked to overall company performance and other factors), and non-monetary compensation and other compensation (equity compensation in the form of restricted stock).」
The systems for fixed compensation, performance-linked compensation and restricted stock compensation continued to be implemented. During the fiscal year, the company recorded ¥236 million in fixed compensation, ¥143 million in performance-linked compensation and ¥27 million in non-monetary compensation for directors other than outside directors. - FY2023AdvancedAnnual report
「Directors' compensation consists of fixed compensation (cash compensation), performance-linked compensation (bonuses linked to overall company performance and other factors), and non-monetary compensation and other compensation (equity compensation in the form of restricted stock).」
Based on the transition from stock options to restricted stock compensation, the company began operating a new system of fixed, performance-linked and equity compensation from the first year of MT2024, and disposed of 14,000 shares as equity compensation during the fiscal year. - FY2022-Q1AdvancedAnnual report
「Note: Pursuant to a resolution of the Board of Directors dated 23 June 2021, the company disposed of 11,500 treasury shares on 21 July 2021 as restricted stock compensation.」
The company specifically disclosed the disposal of 11,500 treasury shares pursuant to a Board of Directors resolution, in line with the policy previously announced to change from stock options to restricted stock compensation. - FY2021ReframedAnnual report
「However, with respect to equity compensation, the company will adopt restricted stock compensation from the following fiscal year. At the Annual General Meeting of Shareholders held on 23 June 2021, the company resolved to introduce a restricted stock compensation plan. In connection with that resolution, stock options for directors were discontinued, except for those already issued, and no new stock options for directors will be issued in the future.」
Based on the policy of combining fixed compensation, performance-linked compensation and stock options, the company will change to restricted stock compensation from the following fiscal year onward and discontinue the issuance of new stock options for directors. - FY2020-Q2AdvancedAnnual report
「Number of share subscription rights (units) ※ 118 Note 1 Class, details and number of shares underlying the share subscription rights (shares) ※ Common stock 23,600 Note 2 Exercise period ※ 4 September 2019 to 3 September 2049」
Based on a resolution dated 31 July 2019, the company issued 118 share subscription rights, representing 23,600 underlying shares, to 5 directors and 7 executive officers. This indicates the specific implementation of its performance-linked compensation and stock option policy. - FY2018-Q2AdvancedAnnual report
「The new share subscription rights issued during the second quarter are as follows. 31 July 2017 Number of share subscription rights 134 Number of shares underlying the share subscription rights 134,000 shares Exercise period 4 September 2017 to 3 September 2047」
The company specifically disclosed the issuance during the quarter of 134 share subscription rights, representing 134,000 underlying shares, under its performance-linked compensation and stock option policy. - FY2017First statedAnnual report
「Directors other than outside directors receive a combination of fixed compensation and performance-linked compensation, including stock options. Outside directors receive only fixed compensation from the standpoint of maintaining the independence of their duties.」
The company specifies a combination of fixed compensation and performance-linked compensation, including stock options, as a compensation structure intended to promote medium- to long-term improvements in corporate performance and value.