Performance-Linked Share Compensation Linked to the Medium-Term Management Plan
First written in FY2021. 4 of 5 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 34 companies on the "Worse" side.
34 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Compensation for executive directors consists of base compensation paid monthly in cash (including a performance-linked component in addition to the fixed component, which serves as the minimum) and performance-linked share-based compensation as non-monetary compensation. It is determined by adjusting the basic compensation table established according to position and responsibilities based on the degree of achievement of consolidated operating revenue, consolidated operating income, return on equity (ROE) and total shareholder return (TSR), among other factors.」
The compensation system for directors explicitly incorporates ROE and TSR, in addition to consolidated operating revenue and operating income, as performance-linked indicators, and delegates decisions to an advisory committee chaired by an outside director. - FY2025-H1AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 June 2024, the Company resolved to dispose of treasury shares as performance-linked share-based compensation for directors who had retired from the Company (excluding outside directors) and executive officers, and disposed of 2,097 treasury shares on 31 July 2024.」
The Company disposed of 2,097 treasury shares on 31 July 2024 as performance-linked share-based compensation. - FY2024-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 23 June 2023, the Company resolved to dispose of treasury shares as performance-linked share-based compensation for directors who had retired from the Company (excluding outside directors) and executive officers, and disposed of 21,493 treasury shares on 31 July 2023.」
The Company disposed of 21,493 treasury shares on 31 July 2023 as performance-linked share-based compensation. - FY2022-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 June 2021, the Company resolved to dispose of treasury shares as performance-linked share-based compensation for directors who had retired from the Company (excluding outside directors), and disposed of 26,727 treasury shares on 30 July 2021.」
The Company disposed of 26,727 treasury shares on 30 July 2021 as performance-linked share-based compensation. - FY2021First statedAnnual report
「The performance-linked share-based compensation covers 3 consecutive fiscal years corresponding to the period of the Company's medium-term management plan (provided that the initial eligible period covered 4 fiscal years from fiscal 2018 through fiscal 2021), with the Company's common shares and cash to be delivered and paid based on the degree of achievement of company performance indicators (consolidated operating revenue and consolidated operating income) and other factors (the maximum number of shares to be delivered is 125,000 per fiscal year (*), or 500,000 shares for the initial 4-fiscal-year eligible period).」
A scheme has been specifically disclosed under which shares and cash are delivered based on achievement of consolidated operating revenue and operating income targets for 3 fiscal years corresponding to the medium-term management plan (initially 4 fiscal years), including the maximum number of shares.