Equity-Compensation Stock Options That Align Interests with Share-Price Movements
First written in FY2016. 16 of 20 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥307.562 million and 1,765,030 shares, respectively, in the previous consolidated fiscal year, and ¥267.975 million and 1,570,892 shares, respectively, in the current consolidated fiscal year.」
The remaining shares in the employee RS trust decreased from 1,765,030 to 1,570,892, indicating progress in operating the plan through the delivery of shares to employees. The trust for directors and other officers also held 1,876,700 shares. - FY2025ReframedAnnual report
「The exercise period for the Third Stock Acquisition Rights issued by the Company pursuant to a resolution of the Board of Directors meeting held on 15 May 2020 ended on 28 February 2025.」
Under the former stock acquisition rights plan, the exercise period for the Third Stock Acquisition Rights has ended, while the share-based compensation plans using trusts for directors and executive officers and for employees remain in operation. - FY2025-H1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥199.221 million and 1,192,500 shares, respectively, in the previous consolidated fiscal year, and ¥318.404 million and 1,765,030 shares, respectively, in the current interim consolidated accounting period.」
The remaining shares in the employee RS trust increased from 1,192,500 to 1,765,030, indicating progress in the operation of the plan. - FY2024AdvancedAnnual report
「At a meeting of the Company's Board of Directors held on 22 May 2024, the Company resolved to make an additional cash contribution to the trust established and funded by the Company as settlor (the "Trust") in order to further enhance employee benefits and increase employee engagement by strengthening incentives to improve the Company's performance.」
For the employee RS trust, an additional contribution was approved on 22 May 2024, increasing the maximum number of shares scheduled for delivery from 1,000,000 to a total of 1,750,000. Performance linkage and employee engagement have been added to the plan. - FY2024-Q3AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥187.596 million and 1,125,300 shares, respectively, in the current third-quarter consolidated accounting period, compared with nil and nil shares, respectively, in the previous consolidated fiscal year.」
For the employee RS trust, the trust-held shares at the end of the third-quarter consolidated accounting period totaled 1,125,300, with a carrying amount of ¥187.596 million. The operating status of the employee share incentive plan has been specified in greater detail. - FY2024-Q2AdvancedAnnual report
「20 September 2023 (Note) 1. Increase due to the exercise of stock acquisition rights.」
The exercise of stock acquisition rights increased the total number of issued shares by 565 on 20 September 2023, and increased capital and the capital reserve by ¥42 thousand each. The operating results of the stock-based compensation stock option plan have been updated. - FY2024-Q1AdvancedAnnual report
「The carrying amount and number of these treasury shares were nil and nil shares, respectively, in the previous consolidated fiscal year, and ¥99.987 million and 593,600 shares, respectively, in the current first-quarter consolidated accounting period.」
For the employee RS trust, the trust-held shares at the end of the current first-quarter consolidated accounting period totaled 593,600, with a carrying amount of ¥99.987 million. The employee share incentive plan introduced in FY2023 has progressed to the operating stage involving the acquisition of shares. - FY2023AdvancedAnnual report
「Following a resolution of the Company's Board of Directors meeting held on 12 May 2023, the Company introduced an RS trust, an employee incentive plan, for employees of the Group.」
In addition to operating the share delivery trust for directors and executive officers, the Company introduced an RS trust for employees. The maximum number of shares to be delivered to employees is 1,000,000, and the plan is intended to strengthen human capital and enhance corporate value over the medium to long term. - FY2023-Q3AdvancedAnnual report
「At the end of the third-quarter consolidated accounting period, the carrying amount of these treasury shares was ¥188.056 million, and the number of shares was 1,286,500.」
For the share delivery trust for directors and executive officers, the trust-held shares at the end of the third quarter totaled 1,286,500, with a carrying amount of ¥188.056 million, providing specific details on the plan's operation. - FY2023-Q2AdvancedAnnual report
「Shares of the Company will be delivered to directors who are not Audit and Supervisory Committee members and executive officers serving during the five fiscal years from the fiscal year ending March 2023 through the fiscal year ending March 2027 under this plan. In principle, the eligible directors and other recipients will receive the Company's shares upon retirement from office.」
In addition to the existing stock acquisition rights, a stock-based compensation plan was introduced under which shares acquired by the trust are delivered according to points awarded. The applicable period covers the five fiscal years from the fiscal year ending March 2023 through the fiscal year ending March 2027, and the trust held 181,200 shares at the end of the second quarter. - FY2022-Q1AdvancedAnnual report
「1 April 2021–30 June 2021 474,600 58,251,592 31,871 3,586,766 31,871 6,835,225 (Note) Increase due to the exercise of stock acquisition rights.」
During the first quarter, 474,600 shares were added through the exercise of stock acquisition rights, and the operating results of the stock-based compensation stock option plan were updated. - FY2021AdvancedAnnual report
「For the 1st share options, 1,700,650 shares were granted, 656,530 shares were exercised and 1,044,120 shares remained unexercised. For the 2nd share options, 3,141,400 shares were granted and 28,815 shares were exercised.」
For the share options originating from Nissan Securities and granted in connection with the business integration, the annual report provides specific details on exercises after the grants and the unexercised balance. - FY2021-Q3AdvancedAnnual report
「Effective 1 October 2020, the Company completed a business integration through a share exchange under which it became the wholly owning parent company and Nissan Securities Co., Ltd. became its wholly owned subsidiary. As a result, the share options issued by Nissan Securities Co., Ltd. were extinguished on 1 October 2020, and the holders of those share options were granted the Company's share options in exchange on the same date.」
In connection with the business integration, the share options issued by Nissan Securities were extinguished, and the Company's 1st through 3rd share options were granted. The filing lists 3,010 for the 1st issue, 5,560 for the 2nd issue and 5,968 for the 3rd issue. - FY2020RestatedAnnual report
「Share-based compensation stock options are determined under internal rules based on performance and other factors, including 3% of the smallest amount among consolidated operating profit, ordinary profit and net income for the period, with no grants made if any of these amounts is a loss.」
The Company reconfirmed its policy of determining share-based compensation stock options based on performance and other factors. It also recognized ¥9.857 million in expense for the grants made in June 2019. - FY2020-Q1AdvancedAnnual report
「The share options issued during the first quarter accounting period were as follows. Resolution date 3 June 2019 Number of share options 737 (Note 1) Number of shares underlying the share options 73,700 shares (Note 1) Exercise period 18 June 2020–18 June 2049」
The Company actually issued 737 share options covering 73,700 underlying shares as share-based compensation stock options. - FY2019RestatedAnnual report
「Share-based compensation stock options are determined under internal rules based on performance and other factors, including 3% of the smallest amount among consolidated operating profit, ordinary profit and net income for the period, with no grants made if any of these amounts is a loss.」
The Company reconfirmed its policy of determining share-based compensation stock options based on performance and other factors. No stock option expense was recognized for the fiscal year. - FY2018AdvancedAnnual report
「Other (Exercise of share options) 138,900 47,926,185」
For the share-based compensation stock options, 138,900 treasury shares were disposed of upon exercise during the fiscal year, expanding the record of the plan's operation. - FY2017AdvancedAnnual report
「Disposal of treasury shares 11,000」
For the share-based compensation stock options, the Company disposed of 11,000 treasury shares upon exercise during the fiscal year. This adds to the record of the plan's operation. - FY2017-Q1AdvancedAnnual report
「The share options issued during the first quarter accounting period were as follows. Number of share options: 691 (Note 1) Number of shares underlying the share options: 69,100 shares (Note 1) Exercise period: 17 June 2017–17 June 2046」
The Company actually issued 691 share options covering 69,100 underlying shares as share-based compensation stock options for directors and others. - FY2016First statedAnnual report
「The Company plans to issue share options as share-based compensation to its directors and the directors of its wholly owned subsidiaries pursuant to Articles 236, 238 and 240 of the Companies Act. The purpose is to share share-price movements with shareholders and further increase directors' motivation to contribute to improved performance and increased corporate value.」
The Company uses share-based compensation stock options for directors and others as a means of sharing share-price movements and increasing their motivation to contribute to improved performance and corporate value.