No Formal Policy for Determining Executive Compensation; Determination Based on Performance and Other Factors
First written in FY2017. 4 of 14 entries say "Restated". Latest entry: 2026-08-06.
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Cited as achieved".
- 2026-08-06Cited as achievedEarnings presentation
「The decline in operating profit was due to the recognition of share-based compensation (BIP trust/ESOP trust), while gross profit increased year on year.」
Share-based compensation under the BIP trust was cited in the results as a factor behind the decline in first-quarter operating profit. - FY2026RestatedAnnual report
「The carrying amount and number of shares of the treasury shares were ¥67,295 thousand and 48,800 shares, respectively.」
The Company disclosed the status of the BIP trust for executive compensation introduced in the previous fiscal year, which held 48,800 shares with a carrying amount of ¥67,295 thousand. - FY2026-H1AdvancedAnnual report
「Beginning in the interim consolidated accounting period, the Company introduced a stock-based compensation plan pursuant to a resolution of the 66th Annual General Meeting of Shareholders held on 26 June 2025. The plan is intended to clarify the linkage between compensation for the Company’s directors, excluding directors who are Audit and Supervisory Committee members, and shareholder value, and to increase directors’ awareness of their responsibility to contribute to improving medium- to long-term performance and enhancing corporate value by sharing with shareholders the returns and risks arising from changes in the share price.」
In addition to the existing basic compensation and performance-linked cash compensation, the Company introduced a stock-based compensation plan using a Board Incentive Plan (BIP) trust. The trust held 48,800 shares with a carrying amount of ¥67 million. - FY2025Executive bonus provision balance updatedAnnual report
「Executive bonus provision 169,000 52,000」
The executive bonus provision decreased from ¥169 million at the end of the previous fiscal year to ¥52 million. Consolidated ordinary profit, the performance metric used to calculate performance-linked compensation, was ¥3,968 million. - FY2025-H1Executive bonus provision balance eliminatedAnnual report
「Executive bonus provision 169,000 —」
The executive bonus provision decreased from ¥169 million at the end of the previous consolidated fiscal year to zero at the end of the interim consolidated accounting period. - FY2024Performance-linked compensation amount and metric updatedAnnual report
「Consolidated ordinary profit for the fiscal year was ¥4,150 million.」
For executive compensation linked to consolidated ordinary profit as a performance metric, ¥169 million in performance-linked cash compensation was recorded. - FY2024-Q2Gain from executive bonus waivers recognizedAnnual report
「Gain from executive bonus waivers — 100,000」
During the cumulative second-quarter period, a gain of ¥100 million from the waiver of executive bonuses was recorded as extraordinary income. - FY2023Performance-linked compensation amount and metric updatedAnnual report
「The company pays bonuses to directors as short-term performance-linked cash compensation. To emphasize the characteristics of the short-term incentive, consolidated ordinary profit is used as the performance metric forming the basis for calculating bonuses. The amount calculated according to each director's contribution based on their position and other factors is paid at a specified time each year, and consolidated ordinary profit for the current consolidated fiscal year was ¥1,965 million.」
The company continues its executive compensation determination policy, using consolidated ordinary profit of ¥1,965 million as the performance metric. Performance-linked cash compensation was ¥100,000 thousand. - FY2022Performance-linked compensation amount and metric updatedAnnual report
「The company pays bonuses to directors as short-term performance-linked cash compensation. To emphasize the characteristics of the short-term incentive, consolidated ordinary profit is used as the performance metric forming the basis for calculating bonuses. The amount calculated according to each director's contribution based on their position and other factors is paid at a specified time each year, and consolidated ordinary profit for the current consolidated fiscal year was ¥2,317 million.」
The company continues its executive compensation determination policy, using consolidated ordinary profit of ¥2,317 million as the performance metric and recognizing ¥70,000 thousand in performance-linked cash compensation. - FY2021RestatedAnnual report
「The company has established a policy for determining the amount of executive compensation and other payments, or the method of calculating them, and the policy and determination method are as follows.」
The company continues to disclose its executive compensation determination policy, using consolidated ordinary profit of ¥1,544 million as the performance metric for performance-linked cash compensation and recognizing ¥45 million in performance-linked cash compensation. - FY2020Compensation determination policy establishedAnnual report
「The company has established a policy for determining the amount of executive compensation and other payments, or the method of calculating them, and the policy and determination method are as follows.」
The disclosure has changed from stating that the company had not established a policy for determining executive compensation to stating that it had established a compensation determination policy comprising basic compensation and performance-linked compensation. - FY2019RestatedAnnual report
「The company has not established a policy for determining the amount of executive compensation, but determines compensation within the limits approved by the general meeting of shareholders, taking into comprehensive consideration the executive's position, business performance and other factors.」
The company has not established a formal written policy for determining executive compensation and continues to determine compensation by taking into consideration the executive's position, business performance and other factors, within the compensation limits approved by the general meeting of shareholders. - FY2018RestatedAnnual report
「The company has not established a policy for determining the amount of executive compensation, but determines compensation within the limits approved by the general meeting of shareholders, taking into comprehensive consideration the executive's position, business performance and other factors.」
The company has not established a formal written policy for determining executive compensation and continues to determine compensation within the limits approved by the general meeting of shareholders, taking into consideration the executive's position, business performance and other factors. - FY2017First statedAnnual report
「The company has not established a policy for determining the amount of executive compensation, but determines compensation within the limits approved by the general meeting of shareholders, taking into comprehensive consideration the executive's position, business performance and other factors.」
The company discloses a method of determining executive compensation based on the executive's position, business performance and other factors, within the compensation limits approved by the general meeting of shareholders, although it has not established a formal written policy.