Executive Incentives Through Performance-Linked and Stock-Based Compensation
First written in FY2021. 5 of 10 entries say "Advanced", first in FY2022-Q2. Latest entry: 2026-06-16.
- FY2025SoftenedAnnual report
「No director bonuses relating to the fiscal year ending February 2025 will be paid.」
Because the performance metrics were not met due to extraordinary losses associated with the ransomware incident and an operating loss, no director bonuses will be paid for the fiscal year. - FY2024SoftenedAnnual report
「Because the consolidated earnings forecast for the fiscal year ending February 2024 was revised downward on 28 November 2022, no director bonuses relating to the fiscal year ending February 2024 will be paid as performance-linked compensation.」
The performance-linked compensation system continues, but no director bonuses will be paid for the fiscal year ending February 2024 following the downward revision to the earnings forecast. - FY2024AdvancedAnnual report
「The holder of these stock acquisition rights may exercise these stock acquisition rights if, in any fiscal year from the fiscal year ending February 2024 through the fiscal year ending February 2026, both revenue of ¥11,500 million and operating income of ¥700 million, as stated in the income statement in our annual securities report, or in the consolidated income statement if consolidated income statements are prepared, are exceeded.」
The exercise conditions for the performance-linked Series 7 stock acquisition rights were specified as revenue of ¥11.5 billion and operating income of ¥700 million for a fiscal year from the fiscal year ending February 2024 through the fiscal year ending February 2026. - FY2022AdvancedAnnual report
「As performance-linked compensation for executive directors, we have adopted director bonuses from the fiscal year ending February 2022. The metrics used primarily to determine whether the bonuses will be paid are the achievement levels for the annual budget targets for revenue, operating income and return on equity,」
From the fiscal year ending February 2022, performance-linked director bonuses were actually adopted, and compensation expense of ¥14.596 million was recorded. The system using achievement levels for budget and targets such as revenue, operating income and ROE to determine payment moved into the implementation stage. - FY2022-Q3AdvancedAnnual report
「In addition, capital stock and capital surplus each increased by ¥8.217 million as a result of the issuance of new shares as restricted stock compensation and the exercise of stock options, as resolved at the Board of Directors meeting held on 25 June 2021.」
The issuance of new shares as restricted stock compensation and the exercise of stock options were also carried out during the cumulative third-quarter period. - FY2022-Q2AdvancedAnnual report
「In addition, capital stock and capital surplus each increased by ¥7.733 million as a result of the issuance of new shares as restricted stock compensation and the exercise of stock options, as resolved at the Board of Directors meeting held on 25 June 2021.」
The issuance of new shares as restricted stock compensation and the exercise of stock options were carried out, moving the executive incentive policy into the implementation stage. - FY2021First statedAnnual report
「As performance-linked compensation for executive directors, we plan to pay director bonuses from the fiscal year ending February 2022. The metrics used primarily to determine whether the bonuses will be paid are the achievement levels for the annual budget targets for revenue, operating income and return on equity. The applicable range and metrics are selected according to each executive director's responsibilities, and the target metrics are assigned individually.」
From the fiscal year ending February 2022, the compensation policy combines director bonuses and share-based compensation based on achievement levels for revenue, operating income and ROE.