Determination of Directors’ Remuneration Following Consultation with a Meeting of Independent Officers
First written in FY2020. 4 of 8 entries say "Advanced", first in FY2021. Latest entry: 2026-04-13.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
6 other companies' latest entry also says "Achieved".
- 2026-04-13AchievedShare Issuance and Disposal
「The Company announces that it has completed the payment procedures today for the disposal of treasury shares as restricted stock-based compensation for its directors, as resolved at the Board of Directors meeting held on 26 March 2026, as described below.」
The Company discloses completion of payment procedures for the disposal of 25,500 common shares as restricted stock-based compensation for directors. The original management compensation thread remains unchanged. - FY2025AdvancedAnnual report
「Performance-linked stock compensation is calculated based on the evaluation of TSR (total shareholder return) over the 3 fiscal years from the first day of each fiscal year through the last day of the following fiscal year, as well as the degree of achievement of targets for ESG (environmental, social and governance) and other performance evaluation metrics.」
The Company has specified the operation of its performance-linked stock compensation system, which is linked to TSR and ESG metrics, among others, over 3 fiscal years, in addition to its existing performance-based compensation and restricted stock compensation. - FY2024RaisedAnnual report
「For the covered directors, (1) in the short term, the performance-based compensation system provides incentives to improve the Company's performance in each fiscal year, and (2) in the medium to long term, a new performance-linked stock compensation system will be introduced in addition to annually granted restricted stock compensation to strongly promote the creation of shareholder value. The compensation system is intended to contribute to sustainable growth in corporate value and thereby to achieving "JAC as No.1."」
In addition to the existing performance-based compensation and restricted stock compensation, the Company introduced a performance-linked stock compensation system from fiscal 2025 covering 3 fiscal years and using TSR and ESG metrics, among others. - FY2023RaisedAnnual report
「The shareholders have approved revisions to increase the total amount of annually granted restricted stock compensation from "no more than ¥40 million per year" to "no more than ¥200 million per year," and the number of shares issued or disposed of under the relevant allocation from "no more than 20,000 shares per year" to "no more than 186,000 shares per year."」
The Company increased the cap on annually granted restricted stock compensation to strengthen alignment with shareholder value. - FY2023AdvancedAnnual report
「Performance-based compensation is cash compensation linked to the Company's performance for a single fiscal year. It is determined using income before income taxes and other adjustments for the fiscal year 2024 consolidated accounting period as the basis, according to the method shown in the table below. However, no payment will be made if such income is less than ¥3,249 million.」
For performance-based compensation for fiscal 2024, the Company has established a specific scheme based on income before income taxes and other adjustments, with a payment threshold of ¥3,249 million. - FY2022AdvancedAnnual report
「The cash compensation of the Company's directors who are not Audit & Supervisory Committee members consists of annual base compensation and performance-based compensation, each divided into 12 equal installments and paid monthly. ... The proposal by the Representative Director and President concerning the amount of compensation and other remuneration for each director who is not an Audit & Supervisory Committee member is determined following consultation with the Independent Officers' Council, which consists of independent officers as defined by the Tokyo Stock Exchange (4 directors who are not Audit & Supervisory Committee members and 3 directors who are Audit & Supervisory Committee members).」
Following the transition to a company with an Audit & Supervisory Committee, the Company introduced annually granted and lump-sum restricted stock compensation in addition to base and performance-based compensation, and specified a system under which compensation is determined following consultation with the Independent Officers' Council. - FY2021AdvancedAnnual report
「The proposal by the Representative Director and President concerning the amount of compensation and other remuneration for each director who is not an Audit & Supervisory Committee member is determined following consultation with the Independent Officers' Council, which consists of independent officers as defined by the Tokyo Stock Exchange (4 directors who are not Audit & Supervisory Committee members and 3 directors who are Audit & Supervisory Committee members).」
Following the transition to a company with an Audit & Supervisory Committee, the consultation framework involving the Independent Officers' Council has been specified as consisting of 4 directors who are not Audit & Supervisory Committee members and 3 directors who are Audit & Supervisory Committee members. - FY2020First statedAnnual report
「The proposal by the Representative Director and President concerning the amount of compensation and other remuneration for each director is determined following consultation with the Independent Officers' Council, which consists of independent officers as defined by the Tokyo Stock Exchange (3 directors and 3 Audit & Supervisory Board members).」
The Company describes a system under which the Representative Director and President's compensation proposal is determined following consultation with the Independent Officers' Council, consisting of 3 directors and 3 Audit & Supervisory Board members.