Linking compensation to medium- to long-term performance and corporate value through performance-linked share compensation
First written in FY2016. 14 of 24 entries say "Restated". Latest entry: FY2026.
77 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「At a meeting of the Board of Directors held on 14 May 2025, the Company extended the trust period for the three fiscal years through the fiscal year ending 31 March 2028.」
The covered period for the performance-linked share compensation plan using the BIP trust was extended through the fiscal year ending March 2028. The trust holds 75,603 shares. - 2026-06-03RestatedGeneral Meetings of Shareholders
「The number of treasury shares at the end of the fiscal year includes 75,603 shares of the Company held by the Board Incentive Plan Trust.」
The Company continues to report the 75,603 shares held by the Board Incentive Plan Trust. - FY2026-H1Further decrease in shares held by the BIP trustAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 75,603 shares of the Company held by the executive compensation BIP trust, representing 756 voting rights.」
Shares held by the BIP trust decreased further to 75,603, from the previously disclosed 95,423 shares. - FY2025-H1Further decrease in shares held by the BIP trustAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 75,603 shares of the Company held by the executive compensation BIP trust, representing 756 voting rights.」
Shares held by the BIP trust decreased to 75,603, from the previously disclosed 95,423 shares. - FY2024-Q3RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 95,423 shares of the Company held by the executive compensation BIP trust, representing 954 voting rights.」
The Company continues to reflect the 95,423 shares held by the BIP trust in its voting rights disclosures. - FY2024-Q2Decrease in shares held by the BIP trustAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 95,423 shares of the Company held by the executive compensation BIP trust, representing 954 voting rights.」
Shares held by the BIP trust decreased to 95,423, from the previously disclosed 135,244 shares. - FY2023-Q2RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 135,244 shares of the Company held by the executive compensation BIP trust, representing 1,352 voting rights.」
The Company continues to reflect the 135,244 shares held by the executive compensation BIP trust in its voting rights disclosures. - FY2023-Q1RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 135,244 shares of the Company held by the executive compensation BIP trust, representing 1,352 voting rights.」
The Company continues to reflect the 135,244 shares held by the executive compensation BIP trust in its voting rights disclosures. - FY2022-Q1RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 135,244 shares of the Company held by the executive compensation BIP trust, representing 1,352 voting rights.」
The Company continues the performance-linked share compensation plan and reflects the 135,244 shares held by the BIP trust in its voting rights disclosures. - FY2021-Q2RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 135,200 shares of the Company held by the executive compensation BIP trust, representing 1,352 voting rights.」
The Company continues the performance-linked share compensation plan and reflects the 135,200 shares held by the BIP trust in its voting rights disclosures. - FY2020Failure to meet the performance-based targetAnnual report
「The target for the metric related to performance-linked share compensation for the consolidated fiscal year was consolidated ordinary profit of ¥376 million, while the actual result was ¥87 million.」
The actual consolidated ordinary profit was ¥87 million, compared with the ¥376 million target for performance-linked share compensation. - FY2020-Q3RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 135,200 shares of the Company held by the executive compensation BIP trust, representing 1,352 voting rights.」
The Company continues the performance-linked share compensation plan and discloses the 135,200 shares held by the BIP trust. - FY2020-Q2RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 135,200 shares of the Company held by the executive compensation BIP trust, representing 1,352 voting rights.」
The Company continues the performance-linked share compensation plan and reflects the 135,200 shares held by the BIP trust in its voting rights disclosures. - FY2020-Q1AdvancedAnnual report
「The Company introduced a share compensation plan for its directors, excluding outside directors, based on a resolution of the 109th Annual General Meeting of Shareholders held on 29 June 2016. To continue the plan for the three fiscal years from the fiscal year ending 31 March 2020 through the fiscal year ending 31 March 2022, the Board of Directors resolved at its meeting held on 14 August 2019 to extend by three years the trust period of the executive compensation BIP trust established by the Company as settlor in August 2016.」
For the performance-linked share compensation plan, the trust period of the BIP trust was extended by three years for the three fiscal years from the fiscal year ending March 2020 through the fiscal year ending March 2022. - FY2019Disclosure of targets and actual results for performance-linked metricsAnnual report
「The target for the metric related to performance-linked share compensation for the consolidated fiscal year was consolidated ordinary profit of ¥415 million, while the actual result was ¥360 million.」
For performance-linked share compensation, the target for consolidated ordinary profit was ¥415 million, compared with an actual result of ¥360 million. - FY2019-Q1RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 108,000 shares of the Company held by the executive compensation BIP trust, representing 1,080 voting rights.」
The Company continues the performance-linked share compensation plan and reflects the 108,000 shares held by the BIP trust in its voting rights disclosures. - FY2018RestatedAnnual report
「Specifically, the Company has adopted a structure known as an executive compensation BIP (Board Incentive Plan) trust (the “BIP trust”). Shares of the Company acquired in advance by the BIP trust are delivered to the Company's directors according to the degree of achievement of performance targets for each fiscal year and other factors.」
The Company continues the performance-linked share compensation plan using a BIP trust and discloses the trust period, maximum number of shares and link to the degree of achievement of performance targets. - FY2018-Q3RestatedAnnual report
「The 216,000 shares of the Company held by the trust, with a carrying amount of ¥102 million, are recognized as treasury shares.」
The Company continues to disclose the 216,000 shares held by the executive compensation BIP trust as treasury shares. - FY2018-Q1RestatedAnnual report
「The common shares listed under “Shares with full voting rights (Other)” include 216,000 shares of the Company held by the executive compensation BIP trust, representing 216 voting rights.」
The 216,000 shares held by the BIP trust are reflected in the disclosures of voting rights and treasury shares, and the plan remains in operation. - FY2017RestatedAnnual report
「The Company has introduced a performance-linked share compensation plan for its directors, excluding outside directors (the same applies below), with the aim of clarifying the link between directors' compensation and the Company's share value and heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The Company continues to disclose the performance-linked share compensation plan using a BIP trust and its link to medium- to long-term performance and corporate value. - FY2017-Q3RestatedAnnual report
「The Company has introduced a performance-linked share compensation plan for its directors, excluding outside directors (the same applies below), with the aim of clarifying the link between directors' compensation and the Company's share value and heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
The Company continues to disclose the introduction of the performance-linked share compensation plan and its link to share value and medium- to long-term performance. - FY2017-Q2AchievedAnnual report
「The Company's shares held by the BIP trust at the end of the second quarter of the current consolidated accounting period are recognized as treasury shares in the net assets section of the quarterly consolidated balance sheet. The carrying amount of these treasury shares, excluding related expenses, is ¥102 million, and the number of shares is 216,000.」
The performance-linked share compensation plan has entered the implementation phase, with the BIP trust's holding and recognition of 216,000 shares disclosed. - FY2017-Q1AdvancedAnnual report
「At meetings of the Board of Directors held on 16 May 2016 and the Annual General Meeting of Shareholders held on 29 June 2016, the Company resolved to revise its executive compensation plan and introduce this plan for directors, excluding outside directors (the same applies below), with the aim of clarifying the link between directors' compensation and the Company's share value and heightening their awareness of contributing to improved medium- to long-term performance and increased corporate value. The disposal date is 23 August 2016, and the number of shares to be disposed of is 216,000.」
The introduction of the plan was approved by the Board of Directors and the Annual General Meeting of Shareholders, and the schedule for the third-party allotment of 216,000 treasury shares has been specified. - FY2016First statedAnnual report
「This compensation plan is intended to clarify the link between directors' compensation and the Company's share value and to heighten their awareness of contributing to improved medium- to long-term performance and increased corporate value.」
Beginning in fiscal 2016, the Company plans to introduce a plan using a BIP trust, with a three-year trust period, a maximum of 330,000 shares and a maximum trust contribution of ¥200 million.