Incentives to enhance corporate value through restricted stock compensation
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2024.
- FY2024RestatedAnnual report
「Non-monetary compensation and other forms of compensation may be paid in restricted stock at a specified time each year pursuant to a resolution of the Board of Directors. The amount is calculated according to the degree of achievement against the operating profit target for each fiscal year, with the aim of heightening awareness of improving performance in each fiscal year.」
The company continues to describe a compensation policy linked to the operating profit target and including the sharing of value with shareholders through restricted stock. - FY2022RestatedAnnual report
「Non-monetary compensation and other forms of compensation may be paid in restricted stock at a specified time each year pursuant to a resolution of the Board of Directors. The amount is calculated according to the degree of achievement against the operating profit target for each fiscal year, with the aim of heightening awareness of improving performance in each fiscal year.」
The restricted stock compensation was reconfirmed as being capped at ¥25 million per year, linked to the operating profit target, and determined based on the recommendations of the Nomination and Compensation Committee. - FY2021First statedAnnual report
「This compensation system is designed to further align value with shareholders and achieve sustained growth in corporate value by providing incentives to the company's directors, excluding outside directors and other non-executive directors.」
The shareholders' meeting approved a restricted stock compensation plan providing for up to 5,000 shares annually and up to ¥25 million per year.