Introduction of a performance-linked share compensation plan and discontinuation of new stock-option grants
First written in FY2017. 8 of 26 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
21 other companies' latest entry also says "Other".
- FY2026Decrease in shares held by the executive compensation BIP trustAnnual report
「At the end of the current fiscal year, the number of shares and carrying amount in the relevant trust account were 83,567 shares and ¥220 million, respectively.」
The shares held by the BIP trust decreased from 111 thousand at the end of the previous fiscal year to 83,567. The trust term has been extended to 31 August 2026. - FY2026-H1Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares at the period-end was 111 thousand at the end of the previous consolidated fiscal year and 83 thousand at the end of the current interim consolidated accounting period.」
The number of shares held by the executive compensation BIP trust decreased from 111 thousand to 83 thousand as shares were distributed to plan participants. - FY2025-H1Decrease in shares held by the executive compensation BIP trustAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase directors' motivation to contribute to improved medium- to long-term performance and greater corporate value. Points are granted to the bank's directors based on their positions and the achievement of performance targets, among other factors, and upon their retirement, they receive bank shares and cash equivalent to the proceeds from the sale of the bank's shares, in accordance with their points. (3) The number of shares at the period-end was 133 thousand at the end of the previous consolidated fiscal year and 111 thousand at the end of the current interim consolidated accounting period.」
The executive compensation BIP trust plan continued, while the number of shares held decreased from 133 thousand to 111 thousand. - FY2024AdvancedAnnual report
「At a Board of Directors meeting held on 1 August 2023, we resolved to continue this plan for a 3-year period covering the fiscal year ending 31 March 2024 through the fiscal year ending 31 March 2026.」
The executive compensation BIP trust was continued through the fiscal year ending March 2026. Including an additional contribution of ¥125 million and the additional acquisition of 56,300 shares, the number of shares held at the period-end was 133,039. - FY2024-Q3RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase directors' motivation to contribute to improved medium- to long-term performance and greater corporate value. Points are granted to the bank's directors based on their positions and the achievement of performance targets, among other factors, and upon their retirement, they receive bank shares and cash equivalent to the proceeds from the sale of the bank's shares, in accordance with their points. (3) The number of shares at the period-end was 76 thousand at the end of the previous consolidated fiscal year and 133 thousand at the end of the current third-quarter consolidated accounting period.」
The purpose and structure of the executive compensation BIP trust continue to be disclosed, and the number of shares held by the trust increased from 76 thousand at the end of the previous fiscal year to 133 thousand. - FY2024-Q2AdvancedAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase executives’ motivation to contribute to medium- to long-term earnings growth and enhancement of corporate value. Points are awarded to our bank’s directors based on their positions, achievement of performance targets and other factors, and, upon their retirement as directors of our bank, they receive our bank’s shares and cash equivalent to the proceeds from the sale of our bank’s shares according to the number of points awarded. It is an equity-based form of executive compensation. The number of shares held at period-end was 76 thousand at the end of the previous consolidated fiscal year and 133 thousand at the end of the current interim consolidated fiscal period.」
The number of shares held by the executive compensation BIP trust increased from 76 thousand to 133 thousand as the plan was implemented further. - FY2024-Q1Update to shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 76 thousand at the end of the previous consolidated fiscal year and 76 thousand at the end of the first quarter of the current consolidated fiscal year.」
Shares held by the executive compensation BIP trust remained at 76 thousand, unchanged from the end of the previous fiscal year. - FY2023AdvancedAnnual report
「At a Board of Directors meeting held on 15 June 2020, we resolved to continue this plan for a 3-year period covering the fiscal year ending 31 March 2021 through the fiscal year ending 31 March 2023.」
The BIP trust was continued for 3 years, and its term was extended to 31 August 2023. The number of shares held at the period-end was 76 thousand. - FY2023-Q3Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 87 thousand at the end of the previous consolidated fiscal year and 76 thousand at the end of the third quarter of the current consolidated fiscal year. The weighted-average number of shares during the period was 89 thousand in the previous third-quarter cumulative consolidated fiscal period and 80 thousand in the current third-quarter cumulative consolidated fiscal period.」
Shares held by the executive compensation BIP trust decreased from 87 thousand at the end of the previous fiscal year to 76 thousand. - FY2023-Q2Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 87 thousand at the end of the previous consolidated fiscal year and 76 thousand at the end of the current interim consolidated fiscal period.」
The number of shares held by the executive compensation BIP trust decreased from 87 thousand to 76 thousand. - FY2023-Q1Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 87 thousand at the end of the previous consolidated fiscal year and 82 thousand at the end of the first quarter of the current consolidated fiscal year.」
Shares held by the executive compensation BIP trust decreased from 87 thousand at the end of the previous fiscal year to 82 thousand. - FY2022-Q3Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares held at period-end was 92 thousand at the end of the previous consolidated fiscal year and 87 thousand at the end of the third quarter of the current consolidated fiscal year.」
Shares held by the executive compensation BIP trust decreased from 92 thousand at the end of the previous fiscal year to 87 thousand. - FY2022-Q2Decrease in shares held by the executive compensation BIP trustAnnual report
「(3) The number of shares at the period-end was 92 thousand at the end of the previous consolidated fiscal year and 87 thousand at the end of the current interim consolidated accounting period.」
The number of shares held by the executive compensation BIP trust decreased from 92 thousand at the end of the previous fiscal year to 87 thousand, with the disclosure also noting a decrease due to distributions to plan participants. - FY2022-Q1RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase executives’ motivation to contribute to medium- to long-term earnings growth and enhancement of corporate value. Points are awarded to our bank’s directors based on their positions, achievement of performance targets and other factors, and, upon their retirement as directors of our bank, they receive our bank’s shares and cash equivalent to the proceeds from the sale of our bank’s shares according to the number of points awarded. It is an equity-based form of executive compensation. (3) The number of shares held at period-end was 92 thousand at the end of the previous consolidated fiscal year and 90 thousand at the end of the first quarter of the current consolidated fiscal year.」
The plan and purpose of the executive compensation BIP trust continue, and the number of shares held by the trust has been updated. - FY2021AdvancedAnnual report
「At a Board of Directors meeting held on 15 June 2020, we resolved to continue this plan for a 3-year period covering the fiscal year ending 31 March 2021 through the fiscal year ending 31 March 2023.」
The executive compensation BIP trust was continued for 3 years, with the plan parameters reset at a maximum of ¥300 million over 3 consecutive fiscal years and 66 thousand total shares. - FY2021-Q3RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase directors' motivation to contribute to improved medium- to long-term performance and greater corporate value. Points are granted to the bank's directors based on their positions and the achievement of performance targets, among other factors, and upon their retirement, they receive bank shares and cash equivalent to the proceeds from the sale of the bank's shares, in accordance with their points. (3) The number of shares at the period-end was 54 thousand at the end of the previous consolidated fiscal year and 92 thousand at the end of the current third-quarter consolidated accounting period.」
The purpose and structure of the executive compensation BIP trust continue to be disclosed, and the number of shares held by the trust increased from 54 thousand at the end of the previous fiscal year to 92 thousand. - FY2021-Q2AdvancedAnnual report
「(3) The number of shares at the period-end was 54 thousand at the end of the previous consolidated fiscal year and 92 thousand at the end of the current interim consolidated accounting period. The average number of shares during the period was 57 thousand in the previous interim consolidated accounting period and 61 thousand in the current interim consolidated accounting period.」
The treasury shares held by the executive compensation BIP trust increased from 54 thousand at the end of the previous fiscal year to 92 thousand. The notes state that the trust acquired 38 thousand shares during the current interim period. - FY2020-Q1AdvancedAnnual report
「The number of shares at the period-end was 59 thousand at the end of the previous consolidated fiscal year and 57 thousand at the end of the current first-quarter consolidated accounting period.」
The number of shares held by the executive compensation BIP trust decreased from 59 thousand at the end of the previous fiscal year to 57 thousand. - FY2019RestatedAnnual report
「The executive compensation BIP trust is an executive incentive plan intended to increase executives’ motivation to contribute to medium- to long-term earnings growth and enhancement of corporate value. Points are awarded to our bank’s directors based on their positions, achievement of performance targets and other factors, and, upon their retirement as directors of our bank, they receive our bank’s shares and cash equivalent to the proceeds from the sale of our bank’s shares according to the number of points awarded. It is an equity-based form of executive compensation.」
The disclosure of the executive compensation BIP trust continues to cover its linkage to medium- to long-term performance and corporate value, and the mechanism for delivering shares based on the achievement of performance targets. - FY2019-Q3RestatedAnnual report
「We have introduced an executive compensation BIP trust for the bank's directors, excluding directors who are Audit and Supervisory Committee members, outside directors and non-residents of Japan. The number of shares at the period-end was 61 thousand at the end of the previous consolidated fiscal year and 59 thousand at the end of the current third-quarter consolidated accounting period.」
The plan and participants under the executive compensation BIP trust continue to be disclosed. Following the share consolidation, the number of shares held by the trust decreased from 61 thousand to 59 thousand. - FY2019-Q2AdvancedAnnual report
「The number of shares at the period-end was 611 thousand at the end of the previous consolidated fiscal year and 597 thousand at the end of the current interim consolidated accounting period.」
The shares held by the executive compensation BIP trust decreased from 611 thousand to 597 thousand as shares were distributed to plan participants. - FY2019-Q1RestatedAnnual report
「We have introduced an executive compensation BIP trust for the bank's directors, excluding directors who are Audit and Supervisory Committee members, outside directors and non-residents of Japan. The number of shares at the period-end was 611 thousand at the end of the previous consolidated fiscal year and 605 thousand at the end of the current first-quarter consolidated accounting period.」
The introduction of the executive compensation BIP trust and its participants continue to be disclosed, and the shares held by the trust decreased from 611 thousand to 605 thousand. - FY2018RestatedAnnual report
「From the current consolidated fiscal year, we have introduced an executive compensation BIP trust for the bank's directors, excluding directors who are Audit and Supervisory Committee members, outside directors and non-residents of Japan. These are referred to below as the bank's directors.」
The annual disclosure covers the participants, objectives, trust term, ¥300 million limit and acquisition of 611 thousand shares under the executive compensation BIP trust. - FY2018-Q3RestatedAnnual report
「From the cumulative third-quarter consolidated accounting period, we have introduced an executive compensation BIP trust for the bank's directors, excluding directors who are Audit and Supervisory Committee members, outside directors and non-residents of Japan. These are referred to below as the bank's directors.」
The introduction of the executive compensation BIP trust continues to be disclosed, with the trust holding 611 thousand shares at the end of the third quarter. - FY2018-Q2AdvancedAnnual report
「From the current interim consolidated accounting period, we have introduced an executive compensation BIP trust for the bank's directors, excluding directors who are Audit and Supervisory Committee members, outside directors and non-residents of Japan. These are referred to below as the bank's directors.」
The executive compensation BIP trust, approved for introduction in the previous fiscal year, was actually introduced from the current interim period, and the trust held 611 thousand shares at the period-end. The stated objective is to increase directors' motivation to contribute to improved medium- to long-term performance and greater corporate value. - FY2017First statedAnnual report
「We have resolved to introduce, separately from the above compensation limit, a performance-linked stock compensation plan for directors, excluding directors who are Audit and Supervisory Committee members, outside directors and non-residents of Japan. The maximum amount of funds contributed by the bank is ¥300 million for each consecutive 3-year period.」
A performance-linked stock compensation plan was introduced with a limit of ¥300 million for each consecutive 3-year period, and no new stock compensation-type stock options will be granted from fiscal 2017 onward.