Operating-Profit Achievement Condition for Performance-Based Executive Compensation
First written in FY2021. 1 of 4 entries say "Raised", first in FY2022. Latest entry: FY2025.
Interspace moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2020: 5 of 28 companies on the "Worse" side.
4 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「For 2026, performance-linked compensation will be established. The compensation will apply to executive directors and will be conditional on achieving at least 110% of consolidated full-year operating profit of ¥700 million. The amount paid will range from ¥7 million to ¥35 million. The amount for each executive director will be determined by the Compensation Committee based on the director’s contribution to achievement, following a detailed review of consolidated and non-consolidated revenue and operating profit, which are indicators the company considers important.」
The operating profit condition for performance-linked compensation was lowered from ¥750 million in the previous fiscal year to ¥700 million, and the maximum payment was reduced from ¥75 million to ¥35 million. In the 26th fiscal year, consolidated operating profit was ¥371 million, so the condition was not met and no compensation was paid. - FY2024ReframedAnnual report
「For 2025, performance-linked compensation will be established. The compensation will apply to executive directors and will be conditional on achieving at least 110% of consolidated full-year operating profit of ¥750 million. The amount paid will range from ¥7.5 million to ¥75 million. The amount for each executive director will be determined by the Compensation Committee based on the director’s contribution to achievement, following a detailed review of consolidated and non-consolidated revenue and operating profit, which are indicators the company considers important.」
For performance-linked directors’ compensation, the company set the 2025 target period, the condition of achieving at least 110% of consolidated full-year operating profit of ¥750 million, and the payment range. - FY2022RaisedAnnual report
「For 2023, performance-linked compensation will be established. The compensation will apply to executive directors and will be conditional on achieving at least 110% of consolidated full-year operating profit of ¥1.1 billion.」
The operating profit condition for performance-linked compensation was raised from the previous consolidated full-year operating profit target of ¥600 million to ¥1.1 billion. - FY2021First statedAnnual report
「For 2022, performance-linked compensation will be established. The compensation will apply to executive directors and will be conditional on achieving at least 110% of consolidated full-year operating profit of ¥600 million. The amount paid will range from ¥10 million to ¥60 million, with the amount for each director determined by the Compensation Committee based on the director’s contribution to achievement, taking into account the dividend payout ratio and retained earnings.」
For 2022 performance-linked compensation, the company set a condition of achieving at least 110% of consolidated full-year operating profit of ¥600 million and a payment range of ¥10 million to ¥60 million.