Introduction of performance-linked and stock-based compensation and a Nomination and Compensation Committee
First written in FY2024. 3 of 6 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-08-14.
0 other companies' latest entry also says "Cited as achieved".
- FY2026AchievedAnnual report
「As of the filing date, 25 June 2026, we had 10 directors, including 3 external directors, and 4 audit & supervisory board members, including 2 external audit & supervisory board members. We have established a voluntary Nomination and Compensation Committee as an advisory body on the appointment and dismissal of individual directors and their compensation.」
The governance structure planned in the previous fiscal year, including 3 external directors and the Nomination and Compensation Committee, was described as having been implemented as of the filing date. - FY2025AdvancedAnnual report
「As an agenda item for the Annual General Meeting of Shareholders scheduled for 27 June 2025, we proposed the election of 10 directors. If the proposal is approved, we will have 3 external directors, who are scheduled to be registered as independent officers.」
In addition to the Nomination and Compensation Committee and the performance-linked and stock-based compensation program, a proposal was presented to increase the number of external directors from 2 to 3, with an expansion of the governance structure planned. - FY2025-H1AdvancedAnnual report
「Based on a resolution of the Board of Directors at its meeting held on 11 July 2024, we disposed of 17,143 treasury shares as restricted stock compensation.」
It was disclosed that the performance-linked and stock-based compensation program had reached the implementation stage, with 17,143 treasury shares disposed of as restricted stock compensation. - FY2024First statedAnnual report
「The compensation of the president and senior management consists of fixed base compensation, performance-linked compensation, and long-term incentive stock-based compensation. External directors, who are responsible for oversight, receive only base compensation in view of their duties. / The representative director consults the Nomination and Compensation Committee on appropriate compensation amounts for each director and determines each director's compensation based on the committee's recommendations.」
Under the system following the resolution at the Annual General Meeting of Shareholders held on 27 June 2024, individual compensation is determined by combining base compensation, performance-linked compensation, and restricted stock compensation, based on the recommendations of the Nomination and Compensation Committee. The annual compensation limit for directors was set at ¥300 million, while stock-based compensation was capped at ¥30 million per year and 24,000 shares per year.