Incentives to improve performance and enhance corporate value through stock options
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2021.
- FY2021DroppedAnnual report
「After vesting | Beginning of the current consolidated fiscal year | 70,000 | 25,000 | Forfeited | 70,000 | 25,000 | Outstanding and unexercised | — | —」
All 2015 Series 1 and Series 2 stock options expired, leaving zero outstanding and unexercised. - FY2018RestatedAnnual report
「The Company has introduced the BBT executive share-based compensation plan, the Share-Based Benefit Trust (BBT, or Board Benefit Trust), for directors other than outside directors. The plan is intended to clarify the link between directors' remuneration and the Company's share value and heighten awareness of contributing to improved performance and enhanced corporate value over the medium to long term.」
The BBT plan, which links executive compensation to share value and heightens awareness of improving performance and enhancing corporate value over the medium to long term, has been continued. - FY2017RestatedAnnual report
「At the 49th Annual General Meeting of Shareholders held on 23 June 2015, a resolution was passed to issue stock acquisition rights to directors, separately from their remuneration, as remuneration and other compensation within an annual limit of ¥100 million, with the aim of further increasing their motivation and morale to improve performance and enhance corporate value.」
The policy of using stock acquisition rights to motivate officers to improve performance and enhance corporate value, together with the existing system, has been continued. - FY2016First statedAnnual report
「A resolution was passed to issue stock acquisition rights to directors, separately from their remuneration, as remuneration and other compensation within an annual limit of ¥100 million, and to audit & supervisory board members, separately from their remuneration, as remuneration and other compensation within an annual limit of ¥10 million, with the aim of further increasing their motivation and morale to improve performance and enhance corporate value.」
The grant of stock acquisition rights to officers and employees is described as intended to motivate them to improve performance and enhance corporate value.