Executive Compensation Through Performance-Linked Bonuses and Stock Options
First written in FY2019. 2 of 9 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026.
19 other companies' latest entry also says "Other".
- FY2026Decline in realized performance-based compensationAnnual report
「The calculated amount for the current fiscal year was ¥179 million.」
The formula for calculating performance-based compensation remained unchanged, but the calculated amount declined from ¥316 million in the previous fiscal year to ¥179 million in the current fiscal year. - FY2025Increase in realized performance-based compensationAnnual report
「The calculated amount for the current fiscal year was ¥316 million.」
The formula for calculating performance-based compensation remained unchanged, and the calculated amount increased from ¥153 million in the previous fiscal year to ¥316 million in the current fiscal year. - FY2024Significant increase in realized performance-based compensationAnnual report
「The calculated amount for the current fiscal year was ¥153 million.」
The company continued to use the formula for calculating performance-based compensation, and the calculated amount increased from ¥55 million in the previous fiscal year to ¥153 million in the current fiscal year. - FY2023Increase in realized performance-based compensationAnnual report
「The performance metrics for performance-based compensation and related payments are consolidated operating profit, consolidated ordinary profit and consolidated profit before income taxes, and are determined using the following formula. ... The calculated amount for the current fiscal year was ¥55 million.」
The company continued to use the formula for calculating performance-based compensation, and the calculated amount increased from ¥0 in the previous fiscal year to ¥55 million in the current fiscal year. - FY2022Zero realized performance-based compensationAnnual report
「Total performance-based compensation = consolidated operating profit × 2% + consolidated ordinary profit × 2% + consolidated profit before income taxes × 2%. These metrics were adopted because they were considered to clearly reflect the results of the company's operating and investment activities while providing a high degree of transparency. The calculated amount for the current fiscal year was ¥0.」
The company continued to disclose the formula for performance-based compensation, while the calculated amount for the current fiscal year was ¥0. It also recorded ¥15 million in restricted stock compensation as non-monetary compensation. - FY2021AdvancedAnnual report
「Total performance-based compensation = consolidated operating profit × 2% + consolidated ordinary profit × 2% + consolidated profit before income taxes × 2%」
The company disclosed the performance metrics and formula used to calculate performance-based compensation, with the calculated amount for the current fiscal year set at ¥49 million. It has established a specific system combining basic compensation, performance-based compensation and restricted stock compensation. - FY2021-Q2AdvancedAnnual report
「At a Board of Directors meeting held on 13 July 2020, the company resolved to dispose of treasury stock as restricted stock compensation for its directors and other officers, and disposed of 1,630,300 shares. In connection with this, all unexercised stock option warrants were waived.」
In connection with the transition to restricted stock compensation in place of stock options, 1,630,300 shares were disposed of and all unexercised subscription rights to shares were relinquished. - FY2020ReframedAnnual report
「At the 12th Annual General Meeting of Shareholders held on 26 June 2020, the company obtained approval to introduce a compensation system allocating restricted shares in place of the subscription rights to shares granted as the above stock options.」
The company disclosed a framework for transitioning medium- to long-term incentive compensation for directors from subscription rights to shares in the form of stock options to restricted shares. - FY2019First statedAnnual report
「Director compensation consists of fixed basic compensation, annual performance-based bonuses and stock options as medium- to long-term incentive compensation,」
The company first documented its policy of structuring director compensation as fixed basic compensation, performance-based bonuses and stock options. The bonus cap is based on a total of 2% each of consolidated operating profit, ordinary profit and profit before income taxes, while annual stock option caps of 200 thousand shares for directors and 60 thousand shares for audit & supervisory board members have been established.