Abolition of the Executive Retirement Benefit System and Introduction of Trust-Based Share Compensation
First written in FY2018. 14 of 23 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2019: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Restated".
- FY2026RestatedAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥139 million and 105,400 shares, respectively, at the end of the previous consolidated fiscal year and at the end of the current consolidated fiscal year.」
The executive stock delivery trust continues, with 105,400 shares held in trust at a carrying amount of ¥139 million, unchanged from the end of the previous fiscal year. - FY2026-H1Shares held in trust increased to 105,400.Annual report
「The carrying amount and number of treasury shares were ¥139 million and 105,400 shares, respectively, at the end of the previous consolidated fiscal year and at the end of the interim period of the current consolidated fiscal year.」
The executive stock delivery trust continues, with shares held in trust increasing from 90,950 at the end of the previous fiscal year to 105,400. The carrying amount is ¥139 million. - FY2025-H1Shares held in trust decreased to 65,400.Annual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥104 million and 90,950 shares, respectively, at the end of the previous consolidated fiscal year, and ¥74 million and 65,400 shares, respectively, at the end of the interim period of the current consolidated fiscal year.」
The executive stock delivery trust continues, but the shares remaining in the trust decreased from 90,950 at the end of the previous fiscal year to 65,400, while the carrying amount decreased from ¥104 million to ¥74 million. - FY2025-Q1RestatedAnnual report
「The carrying amount and number of treasury shares were ¥104 million and 90,950 shares, respectively, at the end of the previous consolidated fiscal year, and ¥104 million and 90,950 shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」
The executive stock delivery trust continues, with 90,950 shares held in trust at a carrying amount of ¥104 million, unchanged from the end of the previous fiscal year. - FY2024-Q3RestatedAnnual report
「The carrying amount and number of treasury shares were ¥133 million and 115,950 shares, respectively, at the end of the previous consolidated fiscal year, and ¥104 million and 90,950 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The executive stock delivery trust continues, but the shares remaining in the trust decreased from 115,950 at the end of the previous fiscal year to 90,950, while the carrying amount decreased from ¥133 million to ¥104 million. - FY2024-Q2Shares held in trust decreased.Annual report
「The carrying amount and number of treasury shares were ¥133 million and 115,950 shares, respectively, at the end of the previous consolidated fiscal year, and ¥104 million and 90,950 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The executive stock delivery trust continues, but the shares remaining in the trust decreased from 115,950 to 90,950, while the carrying amount decreased from ¥133 million to ¥104 million. - FY2023-Q3RestatedAnnual report
「The Company's shares remaining in the trust are recorded as treasury shares under net assets at the carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥133 million and 115,950 shares, respectively, at the end of the previous consolidated fiscal year, and ¥133 million and 115,950 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The executive stock delivery trust continues, with 115,950 shares held in trust at a carrying amount of ¥133 million, unchanged from the end of the previous fiscal year. - FY2023-Q2RestatedAnnual report
「The carrying amount and number of treasury shares were ¥133 million and 115,950 shares, respectively, at the end of the previous consolidated fiscal year, and ¥133 million and 115,950 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The executive stock delivery trust continues, with 115,950 shares remaining in the trust at a carrying amount of ¥133 million, unchanged from the end of the previous fiscal year. - FY2022RestatedAnnual report
「The carrying amount and number of the Company's shares remaining in the trust were ¥86 million and 68,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥133 million and 115,950 shares, respectively, at the end of the current consolidated fiscal year.」
The executive stock delivery trust continues, with 115,950 shares held in trust at a carrying amount of ¥133 million. - FY2022-Q3Shares held in trust increased to 115,950.Annual report
「The carrying amount and number of treasury shares were ¥86 million and 68,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥133 million and 115,950 shares, respectively, at the end of the third quarter of the current consolidated fiscal year.」
The executive stock delivery trust continues, but the shares remaining in the trust increased from 68,500 at the end of the previous fiscal year to 115,950, while the carrying amount increased from ¥86 million to ¥133 million. - FY2022-Q2Shares held in trust decreased from 68,500 to 57,950.Annual report
「The carrying amount and number of treasury shares were ¥86 million and 68,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥73 million and 57,950 shares, respectively, at the end of the second quarter of the current consolidated fiscal year.」
The executive stock delivery trust continues, but the shares held in trust decreased from 68,500 at the end of the previous fiscal year to 57,950, while the carrying amount decreased from ¥86 million to ¥73 million. - FY2022-Q1RestatedAnnual report
「The Company has introduced the executive stock delivery trust, a stock-based compensation plan for the Company's directors (excluding directors who are Audit and Supervisory Committee members; the same applies below), with the aim of fostering greater awareness of contributing to improved performance over the medium to long term and increased corporate value. In principle, the directors receive the Company's shares upon retirement. The carrying amount and number of the Company's shares remaining in the trust were ¥86 million and 68,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥86 million and 68,500 shares, respectively, at the end of the first quarter of the current consolidated fiscal year.」
The executive stock delivery trust continues, with 68,500 shares held in trust at a carrying amount of ¥86 million, unchanged from the end of the previous fiscal year. - FY2021RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥86 million and 68,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥86 million and 68,500 shares, respectively, at the end of the current consolidated fiscal year.」
The executive stock delivery trust continues, with 68,500 shares held in trust at a carrying amount of ¥86 million, unchanged from the end of the previous fiscal year. - FY2021-Q3RestatedAnnual 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 ¥86 million and 68,500 shares, respectively, at the end of the previous consolidated fiscal year, and ¥86 million and 68,500 shares, respectively, during the third quarter of the current consolidated fiscal year.」
The Company continues the Stock Delivery Trust for Directors, with 68,500 shares held by the trust and a carrying amount of ¥86 million, unchanged from the end of the previous fiscal year. - FY2021-Q2RestatedAnnual report
「The Company has introduced a stock compensation plan called the “Stock Delivery Trust for Directors” for its directors, excluding directors who are Audit and Supervisory Committee members, to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The Company continues the Stock Delivery Trust for Directors. At the end of the second quarter of the current fiscal year, the trust held 68,500 shares, with a carrying amount of ¥86 million. - FY2020RestatedAnnual report
「The Company introduced a stock compensation plan (the “Plan”) for its directors, excluding directors who are Audit and Supervisory Committee members, to more clearly link directors’ compensation with the value of the Company’s shares and to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value by sharing with shareholders the benefits and risks arising from share price fluctuations.」
The Company has reconfirmed its objective of continuing the Stock Delivery Trust for Directors and raising awareness of contributing to improved medium- to long-term performance and corporate value by sharing the risks of share price fluctuations with shareholders. - FY2020-Q3RestatedAnnual report
「68,500 Company shares held by the Stock Delivery Trust for Directors」
The Company continues the Stock Delivery Trust for Directors and reports that the trust holds 68,500 shares. - FY2020-Q2Changes in the number of shares held by the trust and the provision amountAnnual report
「Provision for stock compensation for directors － ¥32 million 68,500 Company shares held by the Stock Delivery Trust for Directors」
While continuing the Stock Delivery Trust for Directors, the Company reports that the trust holds 68,500 shares and has recorded a ¥32 million provision for stock compensation for directors. - FY2019RestatedAnnual report
「The Company has introduced, from the current consolidated fiscal year, a stock compensation plan called the “Stock Delivery Trust for Directors” for the Company’s directors, excluding directors who are Audit and Supervisory Committee members, to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The Company has reconfirmed the abolition of the directors’ retirement bonus plan and the introduction of the Stock Delivery Trust for Directors, with a 3-year term and a limit of ¥150 million. The trust holds 72,000 shares, with a carrying amount of ¥91 million. - FY2019-Q3RestatedAnnual report
「The Company has introduced, from the second quarter of the current consolidated fiscal year, a stock compensation plan called the “Stock Delivery Trust for Directors” for the Company’s directors, excluding directors who are Audit and Supervisory Committee members, to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value. In principle, directors receive the Company’s shares upon retirement. The carrying amount and number of the Company’s shares remaining in the trust are ¥91 million and 72,000 shares, respectively.」
The introduction of the Stock Delivery Trust for Directors, which began in the previous quarter, remains in place, with 72,000 shares held by the trust and a carrying amount of ¥91 million reconfirmed. - FY2019-Q2AdvancedAnnual report
「The Company has introduced, from the second quarter of the current consolidated fiscal year, a stock compensation plan called the “Stock Delivery Trust for Directors” for the Company’s directors, excluding directors who are Audit and Supervisory Committee members, to raise their awareness of contributing to improved medium- to long-term performance and increased corporate value. In principle, directors receive the Company’s shares upon retirement. The carrying amount and number of the Company’s shares remaining in the trust are ¥91 million and 72,000 shares, respectively.」
The trust-based stock compensation plan approved in the previous fiscal year was introduced from the second quarter of the current consolidated fiscal year, with 72,000 shares held by the trust and a carrying amount of ¥91 million recorded. - FY2019-Q1AdvancedAnnual report
「At the Annual General Meeting of Shareholders held on 24 May 2018, the Company resolved to make lump-sum payments of retirement bonuses in connection with the abolition of the directors’ retirement bonus plan. Accordingly, it reversed the provision for directors’ retirement bonuses and included the unpaid amount arising from the lump-sum payments in “Other” under non-current liabilities.」
In connection with the abolition of the directors’ retirement bonus plan resolved and approved in the previous fiscal year, the Company carried out the accounting treatment of reversing the provision and transferring the amount payable. The disclosure does not state the implementation status of the trust-based stock compensation plan. - FY2018First statedAnnual report
「At a meeting of its Board of Directors held on 6 April 2018, the Company reviewed its executive compensation system and resolved to abolish the directors’ retirement bonus plan and introduce a trust-based stock compensation plan for the Company’s directors, excluding directors who are Audit and Supervisory Committee members. The resolutions were approved at the 58th Annual General Meeting of Shareholders held on 24 May 2018. Accordingly, the Company plans to contribute cash of up to ¥150 million during the 3-year trust period and provide stock compensation to directors, excluding directors who are Audit and Supervisory Committee members, elected and appointed after that Annual General Meeting of Shareholders.」
The Company has decided to abolish the directors’ retirement bonus plan and change to a trust-based stock compensation plan with a 3-year term and a limit of ¥150 million.