Abolition of Executive Retirement Benefits and Introduction of Restricted Stock Compensation
First written in FY2019. 6 of 10 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026-H1.
The whole theme swung hardest in 2024: 3 of 32 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 November 2025, the Company resolved to dispose of treasury shares as restricted stock compensation and, based on this resolution, disposed of 71,000 treasury shares on 18 December 2025.」
The Company disposed of 71,000 treasury shares as restricted stock compensation. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 November 2024, the Company resolved to dispose of treasury shares as restricted stock compensation and, based on this resolution, disposed of 94,500 treasury shares on 19 December 2024.」
The Company disposed of 94,500 treasury shares as restricted stock compensation. - FY2024-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 November 2023, the Company resolved to dispose of treasury shares as restricted stock compensation and, based on this resolution, disposed of 40,100 treasury shares on 21 December 2023.」
The Company disposed of 40,100 treasury shares in connection with restricted stock compensation on 21 December 2023. - FY2023AdvancedAnnual report
「At the 34th Annual General Meeting of Shareholders held on 29 November 2023, the Company resolved to introduce a performance-linked restricted stock compensation plan under which restricted stock would be granted after the end of the relevant period based on the achievement of performance targets over a specified period, for the purpose of providing directors other than outside directors with incentives to sustainably enhance the Company's corporate value, promoting greater value sharing between the directors and shareholders, and clarifying the linkage between the Company's performance and directors' compensation.」
In addition to the existing restricted stock compensation plan, the Company introduced a performance-linked plan at the November 2023 General Meeting of Shareholders, linked to the achievement of revenue and ordinary profit targets. - FY2023-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 November 2022, the Company resolved to dispose of treasury shares as restricted stock compensation and, based on this resolution, disposed of 34,000 treasury shares on 23 December 2022.」
The Company disposed of 34,000 treasury shares in connection with restricted stock compensation. - FY2021-Q3RestatedAnnual report
「At a meeting of the Board of Directors held on 25 November 2020, the Company resolved to dispose of treasury shares as restricted stock compensation and, based on this resolution, disposed of 29,900 treasury shares on 25 December 2020.」
The Company continues to disclose its disposal of 29,900 treasury shares as restricted stock compensation. - FY2021-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 November 2020, the Company resolved to dispose of treasury shares as restricted stock compensation and, based on this resolution, disposed of 29,900 treasury shares on 25 December 2020.」
The Company disclosed that it had disposed of 29,900 treasury shares in connection with restricted stock compensation. - FY2020RestatedAnnual report
「The compensation of the Company's directors consists of fixed compensation (monthly compensation) and restricted stock compensation.」
The Company has abolished its retirement allowance system for directors and executive officers and continues to use a compensation structure combining fixed compensation and restricted stock compensation. - FY2020-Q1AchievedAnnual report
「At the 30th Annual General Meeting of Shareholders held on 27 November 2019, the company resolved to make lump-sum payments of retirement bonuses in connection with the abolition of its executive retirement bonus system. As a result, during the first quarter of the current consolidated fiscal year, the company reversed the entire provision for executive retirement benefits and included it as “Other” under non-current liabilities as long-term accounts payable.」
The abolition of the retirement allowance system for directors and executive officers has entered the implementation stage following approval at the General Meeting of Shareholders, and the provision has been fully reversed. No additional information on the restricted stock compensation plan is included in this quarterly report. - FY2019First statedAnnual report
「The total number of the company’s common shares issued or disposed of under this plan will be no more than 100 thousand shares per year, and the total compensation paid to directors will be no more than ¥300,000 thousand per year, separately from the current cash compensation.」
The company abolished its executive retirement bonus system and introduced restricted stock compensation of no more than ¥300 million per year and 100 thousand shares per year, with the aim of sustainably increasing corporate value and sharing value with shareholders.