Aligning Interests with Shareholders through Performance-Linked Stock Compensation and an ESOP
First written in FY2016. 6 of 9 entries say "Advanced", first in FY2017. Latest entry: FY2025-H1.
78 other companies' latest entry also says "Advanced".
- FY2025-H1AdvancedAnnual report
「For the 3 fiscal years from the fiscal year ending March 2025 through the fiscal year ending March 2027, and for each fiscal year corresponding to the medium-term management plan after that period, the Company will contribute to the trust an amount capped at ¥150 million multiplied by the number of fiscal years in the applicable period.」
Reflecting the resolution of the Annual General Meeting of Shareholders in June 2024, a new framework was established for performance-linked share compensation, capped at ¥150 million per fiscal year and ¥450 million in total over the 3 years from the fiscal year ending March 2025 through the fiscal year ending March 2027. - FY2023-Q4ReframedAnnual report
「At the Annual General Meetings of Shareholders held on 26 March 2020 and 26 March 2021 and the Extraordinary General Meeting of Shareholders held on 29 November 2023, we resolved to continue and partially revise the performance-linked share compensation plan for directors and others.」
Continuation and partial revision of the performance-linked share compensation plan were approved at the Extraordinary General Meeting of Shareholders held on 29 November 2023, and the plan period was revised to reflect the change in the fiscal year-end. - FY2022-Q2AdvancedAnnual report
「At a Board of Directors meeting held on 30 June 2022, we also resolved to continue and partially revise the stock benefit-type ESOP trust for employees. Under the revised plan, the new periods comprise the 7 fiscal years from the fiscal year ending December 2022 through the fiscal year ending December 2028 and the 7 fiscal years after that period. The Company contributes money to the trust, which uses the funds to acquire the Company's shares and, through the trust, provides shares of the Company to eligible employees of the Company's group who meet certain requirements in accordance with the Company's prescribed stock benefit rules.」
Continuation and partial revision of the ESOP for employees were approved, with the 7 fiscal years from the fiscal year ending December 2022 through the fiscal year ending December 2028 designated as the new plan period. - FY2021-Q3AdvancedAnnual report
「We also began initiatives for a system to identify potential successors, commonly known as a succession plan, and appointed 7 people in January 2021 and 1 person in September, for a total of 8 people, as employment-based executive officers.」
The appointment of employment-based executive officers under the succession plan progressed from 7 people in January to a total of 8 people with the addition of 1 person in September. - FY2021-Q1AdvancedAnnual report
「At the Annual General Meetings of Shareholders held on 26 March 2020 and 26 March 2021, we resolved to continue and partially revise the performance-linked share compensation plan for directors and others.」
Continuation and partial revision of the performance-linked share compensation plan for directors and others were approved at the Annual General Meeting of Shareholders in March 2021, with contributions capped at ¥330 million for the fiscal years ending December 2021 through December 2023. - FY2020-Q2AdvancedAnnual report
「At the Annual General Meeting of Shareholders held on 26 March 2020, we resolved to continue and partially revise the performance-linked share compensation plan for directors.」
Continuation and partial revision of the performance-linked share compensation plan for directors were approved, with a framework capping the amount at ¥110 million per fiscal year and ¥330 million over 3 years during the plan period. - FY2018RestatedAnnual report
「At the Annual General Meeting of Shareholders held on 20 March 2015, we resolved to introduce a new performance-linked share compensation plan for the purpose of clarifying the link between compensation for the Company's directors, excluding outside directors, and the Company's performance and share value, and of raising directors' awareness of their responsibility to contribute to improved medium- to long-term performance and increased corporate value by sharing with shareholders not only the benefits of a rising share price but also the risks of a falling share price.」
The system for sharing the interests of officers and employees with the Company's performance and share price through share compensation for officers and an ESOP for employees has been continued. - FY2017AdvancedAnnual report
「Sixth Series Stock Acquisition Rights based on a resolution of the Board of Directors held on 1 December 2017」
The Sixth Series Stock Acquisition Rights were issued to 146 directors, employees and others, with the exercise conditions tied to operating profit exceeding ¥8,500 million, ¥9,500 million and ¥10,000 million in the fiscal years ending December 2018, 2019 and 2020, respectively. - FY2016First statedAnnual report
「The purpose is to raise directors' awareness of their responsibility to contribute to improved medium- to long-term performance and increased corporate value by sharing with shareholders not only the benefits of a rising share price but also the risks of a falling share price.」
It describes a system linking the performance and share price with the interests of directors and employees through performance-linked share compensation for directors and an employee stock ownership plan, or ESOP, for employees.