Performance-Linked Share Compensation Plan Using a Board Incentive Plan Trust
First written in FY2020-Q2. 10 of 23 entries say "Restated". Latest entry: FY2027-H1.
21 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥272 million and 227,302 shares, respectively, in the previous consolidated fiscal year and ¥272 million and 227,302 shares, respectively, during the current interim consolidated fiscal year.」
The Directors’ Compensation BIP Trust plan and the status of the 227,302 remaining trust-held shares with a carrying amount of ¥272 million continue unchanged from the end of the previous fiscal year. - FY2026AdvancedAnnual report
「As a result, the performance-linked coefficient for the final year of the medium-term management plan, the fiscal year ended January 2027, is expected to be 1.94.」
For the Directors’ Compensation BIP Trust, the expected performance-linked coefficient for the fiscal year ended January 2027 increased from 0.95 as previously disclosed to 1.94. The trust’s remaining shares totaled 227,302. - FY2026-H1AdvancedAnnual report
「The plan adopts a structure known as the Directors’ Compensation BIP Trust. Like performance share and restricted stock compensation plans in Europe and the United States, the Directors’ Compensation BIP Trust provides Directors with the Company’s shares and cash equivalent to the proceeds from the sale of the Company’s shares, according to their position and the extent to which performance targets under the medium-term management plan are achieved. … The carrying amount and number of these treasury shares were ¥281 million and 234,574 shares, respectively, in the previous consolidated fiscal year and ¥272 million and 227,302 shares, respectively, during the current interim consolidated fiscal year.」
The shares remaining in the Directors’ Compensation BIP Trust decreased from 234,574 to 227,302, while their carrying amount decreased from ¥281 million to ¥272 million, reflecting progress in operating the plan. - FY2025AdvancedAnnual report
「As a result, the performance-linked coefficient for the final year of the medium-term management plan, the fiscal year ended January 2027, is expected to be 0.95.」
The expected performance-linked coefficient under the new BIP Trust plan was disclosed as 0.95. The targets are consolidated operating income of at least ¥6 billion and ROE of at least 15%, while the outlook is operating income of ¥5.5 billion and ROE of 11.0%. - FY2025-H1AdvancedAnnual report
「The plan adopts a structure known as the Directors’ Compensation BIP Trust. Like performance share and restricted stock compensation plans in Europe and the United States, the Directors’ Compensation BIP Trust provides Directors with the Company’s shares and cash equivalent to the proceeds from the sale of the Company’s shares, according to their position and the extent to which performance targets under the medium-term management plan are achieved. The carrying amount and number of these treasury shares were ¥327,031 thousand and 259,380 shares, respectively, in the previous consolidated fiscal year and ¥281,212 thousand and 234,574 shares, respectively, during the current interim consolidated fiscal year.」
The shares remaining in the Directors’ Compensation BIP Trust decreased from 259,380 at the end of the previous fiscal year to 234,574, while their carrying amount decreased from ¥327,031 thousand to ¥281,212 thousand, reflecting progress in operating the plan. - FY2025-Q1Increase in shares remaining in the BIP TrustAnnual report
「The plan adopts a structure known as the Directors’ Compensation BIP Trust. Like performance share and restricted stock compensation plans in Europe and the United States, the Directors’ Compensation BIP Trust provides Directors with the Company’s shares and cash equivalent to the proceeds from the sale of the Company’s shares, according to their position and the extent to which performance targets under the medium-term management plan are achieved. The carrying amount and number of these treasury shares were ¥327,031 thousand and 259,380 shares, respectively, in the previous consolidated fiscal year and ¥328,685 thousand and 274,174 shares, respectively, during the first quarter of the current consolidated fiscal year.」
The Directors’ Compensation BIP Trust structure remains in place. The trust’s remaining shares increased from 259,380 at the end of the previous fiscal year to 274,174, while their carrying amount increased from ¥327,031 thousand to ¥328,685 thousand. - FY2024AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 March 2024, the Company resolved to continue the plan and extend the trust period by 3 years.」
The Directors’ Compensation BIP Trust was approved for extension by 3 years beyond the previous plan period. The performance-linked coefficient for the final year of the new plan was also expected to be 0.25. - FY2024-Q3AdvancedAnnual report
「The Company records the shares remaining in the trust as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥407,344 thousand and 322,952 shares, respectively, in the previous consolidated fiscal year and ¥327,031 thousand and 259,380 shares, respectively, during the third quarter of the current consolidated fiscal year.」
The shares remaining in the Directors’ Compensation BIP Trust decreased from 322,952 to 259,380, while their carrying amount decreased from ¥407,344 thousand to ¥327,031 thousand, reflecting progress in operating the plan. - FY2024-Q2AdvancedAnnual report
「The Company records the shares remaining in the trust as treasury shares under net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥407,344 thousand and 322,952 shares, respectively, in the previous consolidated fiscal year and ¥327,031 thousand and 259,380 shares, respectively, during the second quarter of the current consolidated fiscal year.」
The shares remaining in the Directors’ Compensation BIP Trust decreased from 322,952 to 259,380, while their carrying amount decreased from ¥407,344 thousand to ¥327,031 thousand, reflecting progress in operating the plan. - FY2024-Q1RestatedAnnual report
「The plan adopts a structure known as the Directors’ Compensation BIP Trust. Like performance share and restricted stock compensation plans in Europe and the United States, the Directors’ Compensation BIP Trust provides Directors with the Company’s shares and cash equivalent to the proceeds from the sale of the Company’s shares, according to their position and the extent to which performance targets under the medium-term management plan are achieved.」
The Directors’ Compensation BIP Trust structure remains in place. The trust’s remaining shares totaled 322,952, unchanged from the end of the previous consolidated fiscal year. - FY2023Expected performance-linked coefficient of 0.0Annual report
「As a result, the performance-linked coefficient for the final year of the medium-term management plan, the fiscal year ended January 2024, is expected to be 0.0.」
The performance-linked coefficient for stock compensation, based on consolidated operating income and consolidated ROE, is expected to be 0.0 for the fiscal year ended January 2024. - FY2023-Q3RestatedAnnual report
「The plan adopts a structure known as the Directors’ Compensation BIP Trust. Like performance share and restricted stock compensation plans in Europe and the United States, the Directors’ Compensation BIP Trust provides Directors with the Company’s shares and cash equivalent to the proceeds from the sale of the Company’s shares, according to their position and the extent to which performance targets under the medium-term management plan are achieved.」
The Directors’ Compensation BIP Trust plan and its structure for delivering and paying shares and other benefits according to the extent to which performance targets are achieved remain in place. The trust’s remaining shares totaled 322,952. - FY2023-Q2RestatedAnnual report
「The plan adopts a structure known as the Directors’ Compensation BIP Trust. Like performance share and restricted stock compensation plans in Europe and the United States, the Directors’ Compensation BIP Trust provides Directors with the Company’s shares and cash equivalent to the proceeds from the sale of the Company’s shares, according to their position and the extent to which performance targets under the medium-term management plan are achieved.」
The Directors’ Compensation BIP Trust plan and its structure for delivering and paying shares and other benefits according to the extent to which performance targets are achieved remain in place. The trust’s remaining shares totaled 322,952, unchanged from the end of the previous fiscal year. - FY2023-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥407,344 thousand and 322,952 shares, respectively, in the previous consolidated fiscal year and ¥407,344 thousand and 322,952 shares, respectively, during the first quarter of the current consolidated fiscal year.」
The Directors’ Compensation BIP Trust plan and the status of the 322,952 remaining trust-held shares with a carrying amount of ¥407,344 thousand continue to be disclosed unchanged from the end of the previous fiscal year. - FY2022-Q3RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥547,382 thousand and 433,800 shares, respectively, in the previous consolidated fiscal year and ¥407,344 thousand and 322,952 shares, respectively, during the third quarter of the current consolidated fiscal year.」
The Directors’ Compensation BIP Trust structure and the status of the 322,952 remaining trust-held shares with a carrying amount of ¥407,344 thousand continue to be disclosed from the previous quarter. - FY2022-Q2AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥547,382 thousand and 433,800 shares, respectively, in the previous consolidated fiscal year and ¥407,344 thousand and 322,952 shares, respectively, during the second quarter of the current consolidated fiscal year.」
The shares remaining in the Directors’ Compensation BIP Trust decreased from 433,800 to 322,952, while their carrying amount decreased from ¥547,382 thousand to ¥407,344 thousand. - FY2022-Q1AdvancedAnnual report
「The carrying amount and number of these treasury shares were ¥547,382 thousand and 433,800 shares, respectively, in the previous consolidated fiscal year and ¥477,585 thousand and 378,552 shares, respectively, during the first quarter of the current consolidated fiscal year.」
The shares remaining in the Directors’ Compensation BIP Trust decreased from 433,800 shares with a carrying amount of ¥547,382 thousand at the end of the previous consolidated fiscal year to 378,552 shares with a carrying amount of ¥477,585 thousand at the end of the first quarter of the current fiscal year. - FY2021AdvancedAnnual report
「As a result, the performance-linked coefficient for the final year of the previous medium-term management plan, the fiscal year ended January 2021, was 0.915.」
For the Directors’ Compensation BIP Trust, the actual performance-linked coefficient for the final year of the previous medium-term management plan was calculated at 0.915, indicating the specific evaluation level used to operate the plan. - FY2021-Q2RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥547,382 thousand and 433,800 shares, respectively, in the previous consolidated fiscal year and ¥547,382 thousand and 433,800 shares, respectively, during the second quarter of the current consolidated fiscal year.」
The Directors’ Compensation BIP Trust plan remains in place, with the trust holding 433,800 shares with a carrying amount of ¥547,382 thousand. - FY2021-Q1RestatedAnnual report
「The carrying amount and number of these treasury shares were ¥547,382 thousand and 433,800 shares, respectively, in the previous consolidated fiscal year and ¥547,382 thousand and 433,800 shares, respectively, during the first quarter of the current consolidated fiscal year.」
The Directors’ Compensation BIP Trust structure remains in place, with the trust holding 433,800 shares with a carrying amount of ¥547,382 thousand. - FY2020RestatedAnnual report
「At the end of the consolidated fiscal year, the carrying amount and number of these treasury shares were ¥547,382 thousand and 433,800 shares, respectively.」
The Directors’ Compensation BIP Trust plan remains in place, with the trust holding 433,800 shares with a carrying amount of ¥547,382 thousand. - FY2020-Q3RestatedAnnual report
「During the third quarter of the consolidated fiscal year, the carrying amount and number of these treasury shares were ¥547,382 thousand and 433,800 shares, respectively.」
The Directors’ Compensation BIP Trust plan and the status of shares held by the trust continue to be disclosed. - FY2020-Q2First statedAnnual report
「At the 61st Annual General Meeting of Shareholders held on 23 April 2019, the Company resolved to introduce a performance-linked stock compensation plan for its directors, excluding outside directors, directors who are Audit and Supervisory Committee members, and directors residing outside Japan (collectively, the “Directors”). The plan is intended to clarify the link between compensation and the value of the Company’s shares, increase Directors’ motivation to contribute to medium- and long-term growth in corporate value, and align their interests with those of shareholders. The plan adopts a structure known as the Directors’ Compensation BIP Trust. Like performance share and restricted stock compensation plans in Europe and the United States, the Directors’ Compensation BIP Trust provides Directors with the Company’s shares and cash equivalent to the proceeds from the sale of the Company’s shares, according to their position and the extent to which performance targets under the medium-term management plan are achieved.」
Based on the resolution of the Annual General Meeting of Shareholders held on 23 April 2019, the Company introduced a performance-linked stock compensation plan for its directors. It adopted a Directors’ Compensation BIP Trust, under which shares and other benefits are delivered or paid according to the director’s position and the degree to which performance targets under the medium-term management plan are achieved. At the end of the second quarter, the trust held 433,800 shares with a carrying amount of ¥547,382 thousand.