Policy for determining director compensation not established
First written in FY2017. 1 of 5 entries say "Dropped", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2021: 4 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Other".
- FY2026Disclosure of performance-linked compensation targets and resultsAnnual report
「For the metrics related to performance-linked remuneration in the current consolidated fiscal year, the target revenue was ¥70,000 million and the target ordinary profit margin on revenue was 4.0%, among other targets, while actual revenue was ¥64,796 million and the actual ordinary profit margin on revenue was 1.7%, among other results.」
For its remuneration policy comprising fixed, performance-linked and share-based remuneration, it specifically discloses the targets and actual results for revenue and the ordinary profit margin on revenue. - FY2023AdvancedAnnual report
「Remuneration for representative directors and directors comprises basic remuneration, consisting of fixed remuneration based on position and responsibilities, performance-linked remuneration based on company performance for each fiscal year and the degree to which individual targets are achieved, and share-based remuneration. Outside directors who perform supervisory functions will receive basic remuneration only.」
It has expanded the previously disclosed policy for determining individual remuneration to specify the operational details, including the composition of fixed, performance-linked and share-based remuneration and the payment of basic remuneration only to outside directors. It also discloses a 65:35 ratio of fixed to performance-linked remuneration under standard performance conditions. - FY2022ReframedAnnual report
「At a board of directors meeting held on 19 February 2021, the company resolved a policy concerning the determination of the content of individual directors' remuneration and other compensation, and resolved to establish a nomination and remuneration committee as a voluntary advisory body to the board of directors.」
It has changed from disclosing that no remuneration determination policy had been established to a system incorporating a policy for determining individual remuneration and a nomination and remuneration committee. - FY2020DroppedAnnual report
「Directors' remuneration comprises cash remuneration and share-based remuneration and is determined by the board of directors within the total amount approved by the general meeting of shareholders.」
It has changed from the previous year's disclosure that it had not established a policy for determining directors' and officers' remuneration to a disclosure of a basic policy specifying the composition of cash and share-based remuneration and the method of determination. - FY2017First statedAnnual report
「The company has not established a policy concerning the determination of remuneration and other compensation for directors and officers.」
It discloses as a governance matter that it has not established a policy for determining directors' and officers' remuneration.