Medium- to long-term incentives for improving performance through stock-based compensation stock options
First written in FY2017-Q3. 15 of 20 entries say "Advanced", first in FY2017. Latest entry: 2026-08-04.
- FY2026AdvancedAnnual report
「Consolidated operating profit for fiscal 2025 was ¥32,386 million, and consolidated ROIC was 5.5%.」
After the transition from stock options to restricted stock compensation, consolidated operating profit of ¥32 billion and ROIC of 5.9% for fiscal 2026 were set as the performance indicators for performance-based compensation, and fiscal 2025 results were also disclosed. - 2026-05-29AdvancedGeneral Meetings of Shareholders
「Beginning this fiscal year, we revised our stock-based compensation program and changed non-monetary compensation from stock-option-type compensation to a restricted stock compensation program.」
The policy of switching from stock options to restricted stock compensation announced in the previous fiscal year became concrete through operation of the new program and actual grants in the current fiscal year. - FY2025ReframedAnnual report
「In reviewing the executive compensation scheme, we decided to introduce a new restricted stock compensation scheme, referred to below as the “scheme,” in place of the existing stock-based compensation stock option scheme as stock-related compensation. The purposes are to provide directors with incentives to achieve sustained growth in our corporate value, promote greater sharing of value between directors and shareholders, and further increase directors’ awareness of performance and share value.」
The stock compensation scheme will shift from the existing stock options to restricted stock compensation. The company plans to establish service-based and performance-based types, with annual grants capped at 50,500 shares and the restriction period for the performance-based type capped at 5 years. - FY2025-H1AdvancedAnnual report
「Share subscription rights A issued in July 2024 (Service-based stock-based compensation stock options) Number of share subscription rights * 1,025 Common shares, 102,500 shares Share subscription rights B issued in July 2024 (Performance-based stock-based compensation stock options) Number of share subscription rights * 370 Common shares, 37,000 shares」
For the July 2024 issuance, the company granted 1,025 service-based rights covering 102,500 shares and 370 performance-based rights covering 37,000 shares. The company continues to give concrete form to grants of stock-based compensation stock options. - FY2024-Q2AdvancedAnnual report
「Share subscription rights A issued in July 2023 (Service-based stock-based compensation stock options) Number of share subscription rights * 1,065 (Note 1) Class, details and number of underlying shares * Common shares, 106,500 shares (Note 1) Share subscription rights B issued in July 2023 (Performance-based stock-based compensation stock options) Number of share subscription rights * 380 (Note 1) Class, details and number of underlying shares * Common shares, 38,000 shares (Note 1)」
For the July 2023 issuance, the company issued 1,065 service-based rights covering 106,500 shares and 380 performance-based rights covering 38,000 shares. The number of B rights that may be exercised is determined according to achievement of consolidated ordinary profit and consolidated ROIC in fiscal 2023. - FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 June 2023, the company resolved to allocate the share subscription rights set out below in order to grant stock-based compensation stock options for fiscal 2023.」
For fiscal 2023 following the filing date, the company resolved to grant share subscription rights covering 106,500 shares subject to a service condition and 38,000 shares subject to performance conditions. - FY2023-Q2AdvancedAnnual report
「Share subscription rights A issued in July 2022 (Service-based stock-based compensation stock options) Number of share subscription rights * 1,035 (Note 1) Class, details and number of underlying shares * Common shares, 103,500 shares (Note 1) Share subscription rights B issued in July 2022 (Performance-based stock-based compensation stock options) Number of share subscription rights * 360 (Note 1) Class, details and number of underlying shares * Common shares, 36,000 shares (Note 1) The rights holders may exercise the number of rights determined within a range of 0% to 100% of the allocated rights, based on the achievement level for the indicators in fiscal 2023.」
For the July 2022 issuance, the company issued 1,035 service-based rights covering 103,500 shares and 360 performance-based rights covering 36,000 shares. B is linked to achievement of consolidated ordinary profit and consolidated ROIC in fiscal 2023. - FY2022Zero exercisable rights under the old performance-based schemeAnnual report
「As a result, the number of exercisable performance-based stock-based compensation stock options allocated in July 2019 and July 2020 became 0.」
Under the old scheme, which uses consolidated ordinary profit of ¥25 billion and consolidated ROIC of 4.0% in fiscal 2021 as its performance indicators, the number of exercisable rights was determined to be 0 based on the results for the fiscal year. Meanwhile, the rights allocated in August 2021 remain under a scheme based on fiscal 2023 targets. - FY2022-Q2AdvancedAnnual report
「Share subscription rights A issued in July 2021 (service-based stock-based compensation stock options) Number of share subscription rights * 1,095 (Note 1) Class, details and number of underlying shares * Common shares, 109,500 shares (Note 1) Share subscription rights B issued in August 2021 (performance-based stock-based compensation stock options) Number of share subscription rights * 370 (Note 1) Class, details and number of underlying shares * Common shares, 37,000 shares (Note 1)」
The company issued 1,095 service-based rights covering 109,500 shares and 370 performance-based rights covering 37,000 shares. B was given concrete form as a scheme under which the number of rights that may be exercised is determined within a range of 0% to 100% according to achievement of consolidated ordinary profit and consolidated ROIC in fiscal 2023. - FY2022-Q1AdvancedAnnual report
「(Share subscription rights B issued in August 2021) 1. Allocation date for the offered share subscription rights 31 August 2021 2. Number of offered share subscription rights 370 (maximum) 3. Class and number of underlying shares for the offered share subscription rights Common shares of the company, 37,000 shares (maximum)」
The company resolved to make an additional grant of performance-based stock compensation, consisting of up to 370 share subscription rights B covering up to 37,000 shares, with an allocation date scheduled for 31 August 2021. - FY2021SoftenedAnnual report
「Following the resolution to withdraw the medium-term plan “GP10-II Phase 2 (fiscal 2019–2021),” the company reversed in full the expense for performance-based stock-based compensation stock options.」
The expense for the performance-based stock options was fully reversed following the withdrawal of the medium-term plan. The service-based scheme remains in place. - FY2021-Q2AdvancedAnnual report
「Share subscription rights A issued in July 2020 (service-based stock-based compensation stock options) Number of share subscription rights * 1,130 (Note 1) Class, details and number of underlying shares * Common shares, 113,000 shares (Note 1) Share subscription rights B issued in July 2020 (performance-based stock-based compensation stock options) Number of share subscription rights * 390 (Note 1) Class, details and number of underlying shares * Common shares, 39,000 shares (Note 1) With respect to the company-designated performance indicators, consolidated ordinary profit and consolidated ROIC, the number of rights that may be exercised will be determined within a range of 0% to 100% of the allocated rights, in accordance with the share subscription rights allocation agreement to be executed between the company and the rights holders pursuant to a resolution of the Board of Directors. The rights holders may exercise the number so determined based on the achievement level for the indicators in fiscal 2021.」
The company newly issued stock-based compensation stock options, consisting of 1,130 service-based rights covering 113,000 shares and 390 performance-based rights covering 39,000 shares. B is linked to achievement of consolidated ordinary profit and consolidated ROIC in fiscal 2021. - FY2020-Q2AdvancedAnnual report
「Share subscription rights A issued in July 2019 (service-based stock-based compensation stock options)」
The company issued 1,125 service-based share subscription rights covering 112,500 shares and 410 performance-based share subscription rights covering 41,000 shares. Both have an exercise period from 16 July 2019 to 15 July 2049, and the number of B rights that may be exercised will be determined according to the achievement level for consolidated ordinary profit and consolidated ROIC in fiscal 2021. - FY2019ReframedAnnual report
「We resolved to review the existing stock-based compensation scheme, referred to below as the “old scheme,” and introduce two types of stock-based compensation stock options under a new stock-based compensation scheme, referred to below as the “new scheme,” with service-based and performance-based conditions.」
The scheme was reorganized from the previous share-price-linked structure into two types, one subject to a service condition and the other to a performance condition. The performance-based portion is based on consolidated ordinary profit of ¥25 billion and consolidated ROIC of 4.0% for the final year, fiscal 2021, of Stage II, Phase 2 of the GP10 plan. - FY2019-Q1AdvancedAnnual report
「Share subscription rights issued in June 2018 Resolution date: 22 June 2018 Categories and number of eligible recipients (people): 3 directors of the company, 3 executive officers of the company, 8 directors of subsidiaries, 10 executive officers of subsidiaries Number of share subscription rights (rights): 197 Class, details and number of underlying shares (shares): Common shares, 98,500 Exercise period: 1 July 2018 to 30 June 2048」
The company newly issued 197 stock-based compensation stock options covering 98,500 shares for directors and executive officers, and set the exercise period. The scheme has advanced to a new grant stage. - FY2017AdvancedAnnual report
「As of the end of the fiscal year, there were 213 share subscription rights issued to grant stock-based compensation stock options pursuant to the resolution of the Board of Directors dated 26 January 2017, representing 106,500 underlying shares.」
The grant policy announced in the previous quarter was implemented through 213 share subscription rights covering 106,500 shares, giving concrete form to the stock-based compensation scheme. - FY2017-Q3First statedAnnual report
「We will grant stock-based compensation stock options linked to the value of our shares to directors, excluding directors who are Audit and Supervisory Committee members and outside directors, and executive officers of our company and our subsidiary 株式会社阪急阪神百貨店, with the aim of strengthening incentives for medium- to long-term performance improvement.」
The company announced a policy to introduce stock-based compensation stock options linked to share value for directors and executive officers. The allocation date is set for 31 March 2017, with a maximum of 213 options covering 106,500 shares.