Directors’ Share-Based Compensation Scheme Linked to Share Value
First written in FY2018-Q1. 2 of 4 entries say "Advanced", first in FY2023-Q3. Latest entry: FY2026.
15 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Decrease due to the delivery of shares following a director’s departure under the performance-linked share-based compensation plan: 12,000 shares」
Under the ongoing performance-linked share-based compensation plan, 12,000 shares were delivered following a director’s departure, leaving the trust with 111,800 shares at the end of the current period. - FY2023-Q3AdvancedAnnual report
「At a meeting of the Board of Directors held on 3 February 2023, the Company resolved to make an additional contribution to the trust to provide funds for the trustee to acquire additional Company shares under the share-based compensation plan for the Company’s directors, excluding outside directors, introduced on 21 August 2017. (2) Total acquisition cost of shares: ¥99,781,000 (3) Number of shares acquired: 38,600 shares (8) Trust termination date: End of August 2027」
For the ongoing performance-linked share-based compensation plan, the Company resolved to make an additional contribution to the trust and dispose of treasury shares to acquire 38,600 shares for a total of ¥99,781,000 on 21 February 2023. - FY2018-Q2AchievedAnnual report
「From the second quarter of the current consolidated accounting period, the Company has introduced a performance-linked share-based compensation plan for directors, excluding outside directors, to clarify the link between directors’ compensation and the Company’s share value, ensure that directors not only benefit from increases in the share price but also bear the risk of declines, and share the gains and risks arising from share-price movements with shareholders, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The plan resolved and approved in the previous quarter was implemented from the second quarter accounting period. Under the plan, a trust acquires shares and awards points based on achievement of numerical targets for management indicators and other factors. The trust held 139 thousand shares with a carrying amount of ¥199 million. - FY2018-Q1First statedAnnual report
「At a meeting of the Board of Directors held on 15 May 2017, the Company resolved to introduce a new trust-based share-based compensation plan for its directors, excluding outside directors, to clarify the link between directors’ compensation and the Company’s share value, ensure that directors not only benefit from increases in the share price but also bear the risk of declines, and share the gains and risks arising from share-price movements with shareholders, thereby heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value. The resolution was approved at the Company’s 66th Annual General Meeting of Shareholders held on 23 June 2017.」
The Company has resolved and obtained approval to introduce a trust-based share-based compensation plan to align the interests and risks of directors and shareholders. To implement the plan, the Company also plans to dispose of 139,000 common shares held in treasury, with total disposal proceeds of ¥199,048,000.