Performance-Linked Executive Bonus System
First written in FY2020. 4 of 6 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
67 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Consolidated ordinary profit ¥50,642 million (133%) Consolidated gross profit margin on sales 22.1% (116%)」
For performance-linked directors' bonuses, achievement rates against the figures for consolidated ordinary profit and consolidated gross profit margin on sales published at the beginning of the fiscal year were disclosed as 133% and 116%, respectively. The range of variation is 0%–200%. - FY2025RaisedAnnual report
「Bonuses are positioned as incentives to achieve annual performance targets and as commitments to achieving milestones toward the realization of the medium- to long-term vision. They vary between 0% and 200% according to consolidated ordinary profit, consolidated gross profit margin on sales and each director's individual evaluation, and are paid at a fixed time each year. Consolidated ordinary profit ¥34,970 million (127%) Consolidated gross profit margin on sales 18.8% (113%)」
The range of variation for performance-linked directors' bonuses was set at 0%–200%, and achievement rates against the figures published at the beginning of the fiscal year were disclosed as 127% for consolidated ordinary profit and 113% for consolidated gross profit margin on sales. The upper limit was increased from the previous range of 0%–150%. - FY2023AdvancedAnnual report
「Profit attributable to owners of parent ¥12,227 million (113%) Consolidated net profit margin on sales 3.6% (103%) Consolidated net sales ¥338,831 million (109%)」
For the indicators used for performance-linked directors' bonuses, achievement rates against the figures published at the beginning of the fiscal year were disclosed for profit attributable to owners of parent, net profit margin on sales and consolidated net sales. - FY2022AdvancedAnnual report
「Profit attributable to owners of parent ¥11,535 million (105%) Consolidated net profit margin on sales 3.8% (103%) Consolidated net sales ¥302,746 million (101%)」
For the indicators used for performance-linked directors' bonuses, achievement rates against the published figures were disclosed for profit attributable to owners of parent, net profit margin on sales and consolidated net sales. - FY2021AdvancedAnnual report
「Because it was difficult to develop an outlook for the external environment and to establish performance forecasts as target values at the beginning of the most recent fiscal year, individual bonus payments were calculated, following deliberation by the Nomination and Compensation Committee, to vary between 0% and 150% of the reference amount for each position according to the year-on-year changes in the following indicators. The actual results for the indicators for the most recent fiscal year were as follows. Profit attributable to owners of parent: -23.5% Consolidated operating profit: -31.3% Consolidated net sales: -14.2%」
For performance-linked directors' bonuses, payments were varied between 0% and 150% based on year-on-year indicators in an environment where performance forecasts could not be established, and actual results for the fiscal year were disclosed. - FY2020First statedAnnual report
「Effective 1 April 2019, bonuses were structured to vary from the reference amount for each position based on the previous fiscal year's performance and each director's qualitative evaluation, including the achievement of individual targets, successor development, enhancement of corporate value, initiatives addressing the SDGs, activation of the Board of Directors and compliance, with the aim of increasing motivation to achieve annual performance targets and other objectives.」
From April 2019, a system was introduced under which bonuses vary in line with performance indicators and individual evaluations, with the amount paid varying between 0% and 150% of the reference amount for each position.