Strengthening Executive Compensation Governance Through the Introduction of Variable Compensation
First written in FY2019. 4 of 10 entries say "Advanced", first in FY2023-Q1. Latest entry: 2026-07-16.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- 2026-07-16RestatedShare Issuance and Disposal
「At a meeting of our Compensation Committee held on 13 May 2022, we decided to introduce a stock-based compensation program under which restricted stock would be granted to our directors, excluding outside directors and audit committee members, and executive officers, collectively referred to below as “directors and executive officers,” for the purpose of providing incentives to sustainably enhance corporate value and promoting greater sharing of value with shareholders.」
The operation of the restricted stock compensation program has been reconfirmed, with 35,800 common shares to be allocated on 14 August 2026 to directors and executive officers of the company and directors and executive officers of its subsidiary banks. - FY2026RaisedAnnual report
「Starting with payments for fiscal 2026, we will increase the proportion of executive compensation represented by performance-linked compensation paid once a year based on short-term performance.」
The company resolved to increase the proportion of short-term performance-linked compensation in total executive compensation from payments for fiscal 2026, in addition to continuing restricted stock compensation. - FY2026-H1AdvancedAnnual report
「Granted in July 2025 Categories and numbers of eligible recipients The company’s directors 2 people (Note) 1 The company’s executive officers 10 people Directors of the company’s subsidiary banks 10 people (Note) 2 Executive officers of the company’s subsidiary banks 16 people Class and number of shares granted The company’s common shares 41,200 shares Grant date 14 July 2025」
The restricted stock compensation plan continued to be implemented and formalized, with 41,200 common shares granted on 14 July 2025. - FY2025-H1AdvancedAnnual report
「Granted in July 2024 Categories and numbers of eligible recipients The company’s directors 3 people (Note) 1 The company’s executive officers 9 people Directors of the company’s subsidiary banks 8 people (Note) 2 Executive officers of the company’s subsidiary banks 16 people Class and number of shares granted The company’s common shares 35,700 shares Grant date 18 July 2024」
The restricted stock compensation plan continued to be implemented and formalized, with 35,700 common shares granted on 18 July 2024. - FY2024-Q1AdvancedAnnual report
「(1) Disposal date 18 August 2023 (2) Class and number of shares to be disposed of The company’s common shares 41,500 shares (4) Total disposal amount ¥59,843,000」
For restricted stock compensation, the company resolved to dispose of 41,500 treasury shares for a total amount of ¥59,843,000, with 18 August 2023 set as the disposal date. - FY2023-Q1AdvancedAnnual report
「(1) Payment date 10 August 2022 (2) Class and number of shares to be disposed of The company’s common shares 42,600 shares (4) Total disposal amount ¥54,911,400」
For the restricted stock compensation plan introduced from fiscal 2022, the Board of Directors meeting held on 21 July 2022 resolved to dispose of 42,600 treasury shares for a total amount of ¥54,911,400. The payment date was set for 10 August 2022, advancing the plan to the specific share-allocation stage. - FY2022ReframedAnnual report
「On 13 May 2022, the Compensation Committee resolved to introduce a restricted stock compensation plan from fiscal 2022. The plan is intended to provide management with incentives to achieve sustained growth in corporate value and to promote greater value sharing with shareholders.」
In addition to the variable compensation scheme, the company expanded its compensation tools to include restricted stock compensation from fiscal 2022 and explicitly stated its aim of sharing value between management and shareholders. - FY2021Considering variable compensation payments for fiscal 2021Annual report
「The Compensation Committee decided not to pay variable compensation for fiscal 2020 after considering fiscal 2019 performance. However, it is considering payments for fiscal 2021 because fiscal 2020 performance improved year on year and exceeded the performance forecasts announced in May 2020 and February 2021.」
Variable compensation, for which payment was suspended in fiscal 2020, moved to the consideration stage for fiscal 2021 following improved performance and results exceeding the forecasts. - FY2020Payments began in fiscal 2019 and were suspended in fiscal 2020Annual report
「Taking into account that our group is in the process of management reform, we began paying variable compensation in fiscal 2019, targeting a total of ¥30 million for the company and its major subsidiaries, 株式会社荘内銀行 and 株式会社北都銀行, including their directors and executive officers. Regarding variable compensation for fiscal 2020, the Compensation Committee decided not to make payments after taking fiscal 2019 performance into account.」
Variable compensation payments began in fiscal 2019, while the Compensation Committee decided not to make payments for fiscal 2020. - FY2019First statedAnnual report
「In order to increase incentives for improving annual performance, we will incorporate executive bonuses as variable compensation into the compensation structure from fiscal 2019 from the perspective of strengthening compensation governance, based on organizational and individual evaluations by the Nomination and Compensation Committee.」
The company first stated its policy of incorporating executive bonuses as variable compensation into executive compensation and paying them from fiscal 2019 based on organizational and individual evaluations by the Nomination and Compensation Committee.