Introduction of a Performance-Linked Stock Compensation Plan
First written in FY2024. 2 of 5 entries say "Advanced", first in FY2025-H1. Latest entry: FY2027-H1.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2027-H1Decline in shares held by the trustAnnual report
「At the end of the previous consolidated fiscal year, the carrying amount and number of these treasury shares were ¥90 million and 84,300 shares, respectively. At the end of the interim consolidated accounting period, they were ¥74 million and 69,900 shares, respectively.」
Shares held by the trust under the performance-linked stock compensation plan decreased from 84,300 shares with a carrying amount of ¥90 million at the end of the previous fiscal year to 69,900 shares with a carrying amount of ¥74 million at the end of the interim period. - FY2026AdvancedAnnual report
「The results for fiscal 2025 for performance-linked factors ① and ② were as follows: Metric / Target / Actual / Achievement rate / Performance-linked factor ①: achievement rate of the consolidated operating profit target / target ¥8,200 million / ¥7,853 million / 95.8% / 0.6. Performance-linked factor ②: closing price of the covered stock compared with the previous fiscal year / previous fiscal year ¥998 (adjusted for the stock split) / covered fiscal year ¥1,108 (adjusted for the stock split) / 111.0% / 0.3. Performance-linked factors ① + ②: 0.9.」
For the performance-linked stock compensation plan, the Company disclosed a 95.8% achievement rate for the fiscal 2025 operating profit target, a 111.0% share price ratio, and a combined performance-linked factor of 0.9. - FY2026-H1Decline in shares held by the trustAnnual report
「At the end of the previous consolidated fiscal year, the carrying amount and number of these treasury shares were ¥96 million and 30,000 shares, respectively. At the end of the interim consolidated accounting period, they were ¥90 million and 28,100 shares, respectively.」
Shares held by the trust under the performance-linked stock compensation plan decreased from 30,000 shares with a carrying amount of ¥96 million at the end of the previous fiscal year to 28,100 shares with a carrying amount of ¥90 million at the end of the interim period. - FY2025-H1AdvancedAnnual report
「The Company records shares of its stock remaining in the trust as treasury stock under net assets at their carrying amount in the trust, excluding incidental costs. At the end of the interim consolidated accounting period, the carrying amount and number of these treasury shares were ¥96 million and 30,000 shares, respectively.」
Under the performance-linked stock compensation plan introduced in April 2024, the 30,000 shares of the Company’s stock held by the trust, with a carrying amount of ¥96 million, were recorded at the end of the interim period. - FY2024First statedAnnual report
「At the 71st Annual General Meeting of Shareholders held on 23 April 2024, a performance-linked stock compensation plan was approved for the Company’s directors, excluding outside directors and non-residents of Japan, and its delegated executive officers, excluding non-residents of Japan.」
The Company introduced a performance-linked stock compensation plan for directors and delegated executive officers, using the achievement rate of the consolidated operating profit target and the year-on-year change in the share price as performance factors. The covered period comprises the 3 fiscal years from the fiscal year ending January 2025 through the fiscal year ending January 2027. The contribution limit is ¥35 million per fiscal year, and the points limit is 10,000 points.