Incentives to Improve Performance Through Performance-Linked Directors’ Compensation
First written in FY2019. 5 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2025.
The whole theme swung hardest in 2017: 2 of 16 companies on the "Worse" side.
57 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Evaluation metric Fiscal year ending September 2025 Annual target (¥ thousands) 462,113 Fiscal year ending September 2025 Annual actual (¥ thousands) 651,219」
Actual non-consolidated ordinary profit before recording performance-linked compensation, the metric for performance-linked compensation, was disclosed at ¥651.219 million against an annual target of ¥462.113 million. Directors’ performance-linked compensation was ¥50.657 million. - FY2024AdvancedAnnual report
「Evaluation metric Fiscal year ending September 2024 Annual target (¥ thousands) 422,900 Fiscal year ending September 2024 Annual actual (¥ thousands) 468,999」
For performance-linked compensation for directors and directors who also serve as executive officers, actual non-consolidated ordinary profit before recording performance-linked compensation of ¥468.999 million was disclosed against an annual target of ¥422.900 million. The calculation procedures based on recommendations from the compensation committee also continued. - FY2023AdvancedAnnual report
「Total compensation and other remuneration for directors, excluding outside directors, was ¥176.980 million, comprising ¥121.653 million in fixed compensation, ¥46.944 million in performance-linked compensation and ¥8.383 million in restricted stock compensation.」
The performance-linked compensation scheme continued to be operated, and directors’ performance-linked compensation of ¥46.944 million and restricted stock compensation of ¥8.383 million for the fiscal year were disclosed. - FY2022AdvancedAnnual report
「The amount and calculation method for performance-linked compensation are determined by resolution of the Board of Directors, based on recommendations approved on 19 November 2021 by the voluntary compensation committee following consultation with the Board of Directors, within the prescribed limit for directors’ compensation and other remuneration. The performance-linked compensation metric is ordinary profit before recording performance-linked compensation in the non-consolidated financial statements.」
The procedures for performance-linked compensation, based on recommendations from the compensation committee and a resolution of the Board of Directors, and the calculation method using non-consolidated ordinary profit as the benchmark have been specified. Directors’ performance-linked compensation for the fiscal year was ¥17.132 million. - FY2021RestatedAnnual report
「Target and actual results for the performance-linked compensation metric for the current fiscal year Performance-linked compensation metric Target Actual Consolidated ordinary profit before recording directors' bonuses ¥190 million ¥470 million」
The company continues to operate a performance-linked compensation system based on consolidated ordinary profit, with decisions made by the board of directors in light of recommendations from the compensation committee. For the current fiscal year, actual results of ¥470 million were disclosed against a target of ¥190 million. - FY2020AdvancedAnnual report
「The target for the metric related to performance-linked compensation for the current fiscal year was ¥390 million, as disclosed in the consolidated earnings forecast in the earnings report announced on 8 November 2019. The actual result for the metric related to performance-linked compensation for the current fiscal year is as stated under “Ordinary profit” in “5. Accounting information, (1) Consolidated financial statements, Consolidated income statement.”」
For the performance-linked compensation metric, actual ordinary profit was ¥643 million against a target of ¥390 million. The procedures under which the board of directors makes the decision following a recommendation from the compensation committee were also described. - FY2019First statedAnnual report
「The company determined that the metric for performance-linked compensation that most clearly indicates the performance and earning power of the group would be consolidated ordinary profit before recording directors' bonuses. The maximum amount is to be calculated according to the table below. The total amount of directors' bonuses is capped at ¥100 million, and total directors' compensation may not exceed ¥240 million.」
Directors' bonuses are linked to consolidated ordinary profit before recording directors' bonuses, with total directors' bonuses capped at ¥100 million and total directors' compensation capped at ¥240 million. The target for the metric in the consolidated earnings forecast for the current fiscal year is stated as ordinary profit of ¥400 million.