Performance-linked compensation and stock compensation-type stock options
First written in FY2016. 8 of 17 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-08-05.
- FY2025Compensation structure changedAnnual report
「Under the above policy, directors' compensation will comprise approximately 10% fixed compensation, 70% variable compensation and 20% restricted stock compensation.」
While the restricted stock compensation plan and the 76% to 124% performance-linked rate remain unchanged, the compensation structure is now described as approximately 70% variable compensation and 20% stock compensation, compared with approximately 10% fixed, 65% variable and 25% stock compensation in the previous fiscal year. - FY2024Change in compensation structure and performance-linked rateAnnual report
「Performance-linked compensation is determined by multiplying the standard variable compensation amount for each position by a variable rate of 76% to 124%, calculated based on the evaluation of company-wide performance and each director's commitment to the Board of Directors, as recommended by the Nomination and Compensation Committee. Under the policy described above, directors' compensation consists of approximately 10% fixed compensation, 65% variable compensation and 25% restricted stock compensation.」
While the restricted stock compensation plan continues, the variable rate for performance-linked compensation is now 76% to 124%, and the compensation structure is described as approximately 10% fixed, 65% variable and 25% stock compensation. - FY2023RestatedAnnual report
「Directors' compensation comprises approximately 10% fixed compensation, approximately 70% variable compensation and approximately 20% restricted stock compensation.」
The company continued to disclose the compensation structure following the transition to restricted stock compensation. The variable rate for performance-based variable compensation was 84% to 127%, and 14,500 shares were disposed of as restricted stock compensation during the fiscal year. - FY2022AdvancedAnnual report
「Performance-based variable compensation is determined by multiplying the standard variable compensation amount for each position by a variable rate of 84% to 127%, calculated based on an evaluation of company-wide performance linked to the previous year's consolidated ordinary profit or loss margin and the evaluation and recommendations of the Nomination and Compensation Committee regarding commitments between each director and the Board of Directors.」
Following the transition to restricted stock compensation, the company specified the composition of fixed compensation, performance-based variable compensation and stock compensation, and disclosed a variable rate of 84% to 127% for performance-based variable compensation. - FY2020ReframedAnnual report
「We have reviewed our executive compensation system and decided to introduce a restricted stock compensation system from the 63rd fiscal year, following approval at the 62nd annual general meeting of shareholders held on 23 June 2020. In connection with this introduction, the existing stock-based stock option system will be discontinued, excluding options already issued, and no further stock acquisition rights will be allocated as compensation to directors.」
The compensation system was changed from the previous stock-based stock option system to a restricted stock compensation system. No stock acquisition rights will be allocated going forward, excluding those already issued. - FY2019AdvancedAnnual report
「Yellow Hat Co., Ltd. Seventh Series Stock Acquisition Rights Resolution date: 9 May 2019 Category and number of eligible recipients: Company directors, 4 Number of stock acquisition rights: 257 Type, details and number of underlying shares: Common shares, 25,700」
In May 2019, 257 stock-based stock options covering 25,700 underlying shares were issued to 4 directors as the seventh series. - FY2019-Q1AdvancedAnnual report
「Resolution date: 9 May 2018 Category and number of eligible recipients: Company directors, 5 Number of stock acquisition rights: 105 Number of underlying shares: Common shares, 10,500」
In May 2018, 105 stock-based stock options covering 10,500 underlying shares were issued to 5 company directors. - FY2018AdvancedAnnual report
「With respect to Yellow Hat Co., Ltd. Fifth Series Stock Acquisition Rights (stock-based stock options), 2,400 shares were exercised after vesting and 12,800 shares remain unexercised.」
Regarding the stock-based stock options, the filing reports the continued holding of the fifth series of stock acquisition rights, in addition to the exercise of 2,400 shares under the first series of stock acquisition rights. - FY2018-Q1AdvancedAnnual report
「Yellow Hat Co., Ltd. Fifth Series Stock Acquisition Rights (stock-based stock options) Number of stock acquisition rights: 128 Number of underlying shares: 12,800」
As the fifth series of stock-based stock options, 128 stock acquisition rights covering 12,800 underlying shares were issued. - FY2017-Q1AdvancedAnnual report
「The stock acquisition rights issued during the first quarter accounting period were as follows: Yellow Hat Co., Ltd. Fourth Series Stock Acquisition Rights (stock-based stock options).」
As the fourth series of stock-based stock options, 147 stock acquisition rights covering 14,700 underlying shares were issued. - FY2016First statedAnnual report
「Directors' compensation comprises monthly compensation and directors' bonuses, with monthly compensation consisting of performance-based variable compensation and fixed compensation. Performance-based variable compensation is determined based on an evaluation of company-wide performance, specifically the previous year's consolidated ordinary profit or loss, and an evaluation by the Representative Director and President of each director's commitments.」
The policy links directors' compensation to evaluations of consolidated ordinary profit or loss and each director's commitments, and provides that more than half of bonuses will comprise stock-based stock options.