Introduction of a Performance-Linked Stock Compensation Plan
First written in FY2022. 5 of 10 entries say "Restated". Latest entry: FY2027-H1.
21 other companies' latest entry also says "Restated".
- FY2027-H1RestatedAnnual report
「The carrying amount and number of shares of the treasury stock were ¥217 million and 35 thousand shares, respectively, at the end of the previous consolidated fiscal year and ¥217 million and 35 thousand shares, respectively, during the current interim consolidated accounting period.」
The filing reconfirms the executive compensation BIP trust arrangement and the 35 thousand shares of the Company’s stock, with a carrying amount of ¥217 million, remaining in the trust. - FY2026AdvancedAnnual report
「As the trust period was due to expire on 31 July 2025, the Board of Directors decided at its meeting held on 21 April 2025 to extend the trust period by 3 years and continue the Plan.」
The Company decided to extend the officers’ compensation BIP trust period by 3 years and continue the Plan through the end of July 2028. The shares remaining in the trust also increased to 35,503 shares, with a carrying amount of ¥217 million. - FY2026-H1Update to the number and carrying amount of shares remaining in the trustAnnual report
「The carrying amount and number of these treasury shares were ¥110 million and 20 thousand shares, respectively, for the previous interim consolidated accounting period, and ¥217 million and 35 thousand shares, respectively, for the current interim consolidated accounting period.」
For the Company’s shares remaining in the officers’ compensation BIP trust, the carrying amount and number of shares increased to ¥217 million and 35 thousand shares, respectively, from the previous interim period. - FY2025-H1Update to the number and carrying amount of shares remaining in the trustAnnual report
「The carrying amount and number of these treasury shares were ¥114 million and 21 thousand shares, respectively, for the previous interim consolidated accounting period, and ¥110 million and 20 thousand shares, respectively, for the current interim consolidated accounting period.」
For the Company’s shares remaining in the officers’ compensation BIP trust, the carrying amount and number of shares were updated to ¥110 million and 20 thousand shares, respectively, down from the previous interim consolidated accounting period. - FY2024-Q3RestatedAnnual report
「The Company has introduced an officers’ compensation BIP (Board Incentive Plan) trust (the “Plan”) for directors, excluding outside directors and directors who are non-residents of Japan, for the purpose of increasing their awareness of contributing to improved medium- to long-term performance and growth in corporate value. The Company records its 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 ¥114 million and 21 thousand shares, respectively, for the first nine months of the previous fiscal year, and ¥114 million and 21 thousand shares, respectively, for the first nine months of the current fiscal year.」
The company is reconfirming the purpose of introducing the officer compensation BIP trust and the 21 thousand treasury shares with a carrying amount of ¥114 million remaining in the trust. - FY2024-Q1RestatedAnnual report
「The Company has introduced an officers’ compensation BIP (Board Incentive Plan) trust (the “Plan”) for directors, excluding outside directors and directors who are non-residents of Japan, for the purpose of increasing their awareness of contributing to improved medium- to long-term performance and growth in corporate value. The Company records its 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 ¥114 million and 21 thousand shares, respectively, for the first quarter of the current fiscal year.」
The company is reconfirming the purpose of introducing the officer compensation BIP trust and the 21 thousand treasury shares with a carrying amount of ¥114 million remaining in the trust. - FY2023RestatedAnnual report
「The Plan is a stock compensation plan covering the 3 fiscal years from the fiscal year ending 28 February 2023 through the fiscal year ending 28 February 2025. At the time of a director’s retirement, the Company delivers its shares and pays cash equivalent to the proceeds from the sale of its shares, according to the director’s position and the level of achievement of performance targets, among other factors.」
The disclosure continues to describe the operation of the BIP trust plan, which covers 3 fiscal years and delivers shares or other benefits according to the director’s position and level of achievement of performance targets. - FY2023-Q3RestatedAnnual report
「At the 63rd Annual General Meeting of Shareholders held on 26 May 2022, the Company resolved to introduce an officers’ compensation BIP (Board Incentive Plan) trust (the “Plan”) for directors, excluding outside directors and directors who are non-residents of Japan, for the purpose of increasing their awareness of contributing to improved medium- to long-term performance and growth in corporate value.」
The purpose and continuation of the officers’ compensation BIP trust approved on 26 May 2022 are reaffirmed. - FY2023-Q2AdvancedAnnual report
「At the 63rd Annual General Meeting of Shareholders held on 26 May 2022, the Company resolved to introduce an officers’ compensation BIP (Board Incentive Plan) trust (the “Plan”) for directors, excluding outside directors and directors who are non-residents of Japan, for the purpose of increasing their awareness of contributing to improved medium- to long-term performance and growth in corporate value.」
For the officers’ compensation BIP trust approved on 26 May 2022, the implementation status of the Plan is specified by recording 21 thousand treasury shares remaining in the trust, with a carrying amount of ¥114 million. - FY2022First statedAnnual report
「Approval was obtained to introduce performance-linked stock compensation for directors, excluding outside directors and directors who are non-residents of Japan. The maximum amount to be contributed by the Company for 3 fiscal years is ¥150,000,000, and the maximum number of shares to be delivered to directors and the proceeds from their sale is 10,000 points per fiscal year, with 1 point equivalent to 1 share. Director compensation from the fiscal year ending February 2023 onward will consist of base compensation, bonuses and stock compensation.」
Approval was obtained to introduce a performance-linked stock compensation plan covering 3 fiscal years from the fiscal year ending February 2023, with a contribution limit of ¥150 million and an annual limit of 10,000 points.