Determination of Executive Compensation by a Voluntary Compensation Committee
First written in FY2018. 4 of 9 entries say "Advanced", first in FY2024. Latest entry: 2026-08-13.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
6 other companies' latest entry also says "Achieved".
- FY2026AdvancedAnnual report
「The Director Compensation Rules stipulate that director compensation consists of base compensation, performance compensation and non-monetary compensation. For directors other than outside directors, the compensation mix is modeled using director compensation at ordinary profit of ¥1,400 million as the base case: 54% base compensation, 26% performance compensation and 20% share-based compensation.」
In addition to the decision-making framework involving the Nominating and Compensation Committee, the company specified the mix of base, performance-linked and share-based compensation based on a resolution of the Board of Directors in May 2026, together with the compensation proportions based on ordinary profit of ¥1,400 million. - 2026-05-29AchievedGeneral Meetings of Shareholders
「The details of share-based compensation granted during the current fiscal year are as follows.」
Regarding the previous year's plan to introduce restricted stock compensation, the company reports the grant of 1,927 shares to 3 directors, excluding outside directors. - FY2025AdvancedAnnual report
「As non-monetary compensation, restricted shares are granted to directors other than outside directors to provide incentives for the sustainable enhancement of the company's corporate value and to promote greater sharing of value with shareholders. Compensation paid to eligible directors for the grant of restricted shares is capped at ¥74 million per year, separately from the annual cap of ¥250 million for total director compensation approved at the 51st Annual General Meeting of Shareholders held on 30 June 1994. The total number of the company's common shares issued or disposed of for this purpose is capped at 40,000 shares per year.」
In addition to compensation determinations by the Nominating and Compensation Committee, the company has specified plans to introduce restricted share compensation for directors other than outside directors from FY2025. The annual amount will be capped at ¥74 million and the number of shares at 40,000 per year; the retirement bonus system is scheduled for abolition. - FY2024AdvancedAnnual report
「Under the Director Compensation Rules, director compensation is determined within the limits approved by resolution of the General Meeting of Shareholders by the Nominating and Compensation Committee, which has been delegated authority by the Board of Directors, and is then reported to the Board. The Nominating and Compensation Committee consists of 6 members appointed by the Board of Directors. An outside director who is an independent officer serves as chair, and the other members comprise 1 representative director, 2 outside directors, including 1 independent officer, and 2 outside Audit & Supervisory Board members, including 1 independent officer. Decisions are made by a majority of the members who have no special interests.」
In addition to the previous explanation of the committee structure, the company specifically discloses that compensation is determined under authority delegated to the Nominating and Compensation Committee, which has 6 members, is chaired by an independent outside director, and makes decisions by majority vote. - FY2023ReframedAnnual report
「At a Board of Directors meeting in June 2022, the company established a Nominating and Compensation Committee. It abolished the existing Compensation Committee, newly established rules for the Nominating and Compensation Committee, established the committee and disclosed this to the Tokyo Stock Exchange.」
The existing Compensation Committee was abolished and reorganized into a Nominating and Compensation Committee covering the appointment and dismissal of directors and their compensation. - FY2019RestatedAnnual report
「The indicators used for performance-linked compensation are ordinary profit and dividends for the previous fiscal year, among others. These indicators have been selected with an emphasis on stable earnings generation and shareholder returns in each fiscal year.」
The company specifically explains a system for determining executive compensation using ordinary profit and dividends, among other indicators, through a voluntary compensation committee, but does not state that the introduction of a new system has been completed. - FY2018First statedAnnual report
「Fixed compensation is determined by a voluntary compensation committee consisting of the president, outside directors and the director responsible for human resources, with an outside Audit & Supervisory Board member participating as an adviser, taking into consideration each director's position, responsibilities, role and achievement of management targets.」
The company describes a system for determining director compensation through a voluntary compensation committee consisting of the president, outside directors and the director responsible for human resources, with an outside Audit & Supervisory Board member participating as an adviser.