Director Compensation Comprising Fixed, Performance-Linked, and Restricted Stock Components
First written in FY2019. 5 of 7 entries say "Advanced", first in FY2020. Latest entry: FY2026.
85 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As actual operating profit was ¥16,695 million against the initial target of ¥16,500 million, the factor set in advance by the Compensation Committee based on the performance achievement rate was 100%.」
Under the operating profit-linked bonus system, actual operating profit for the fiscal year ending June 2026 was ¥16,695 million against a target of ¥16,500 million, and a factor of 100% was applied. - FY2024AdvancedAnnual report
「By resolution of the 20th Annual General Meeting of Shareholders held on 25 September 2024, the Company introduced a medium- to long-term performance-linked stock compensation plan based on the level of performance achieved and other factors. At a meeting of the Board of Directors held on the same day, the Company also resolved to revise its policy for determining directors' compensation and other payments.」
In addition to the existing basic compensation, bonuses and restricted stock compensation, the Company introduced medium- to long-term performance-linked stock compensation. The evaluation period is 3 fiscal years, with the average annual growth rate of consolidated operating profit, OPI and employee engagement among internal staff used as evaluation metrics. - FY2023ReframedAnnual report
「The annual bonus (cash compensation) is a short-term performance-linked compensation designed as a short-term incentive for achieving annual targets. The achievement rate for the operating profit target, the Company's consolidated performance indicator, is used as a common evaluation metric for all eligible directors, and the bonus is paid in line with that achievement rate.」
Under the compensation system, the evaluation metric was changed from ordinary profit to operating profit, and a new policy was presented under which bonuses would vary from 0% to 200%. - FY2022AdvancedAnnual report
「For the fiscal year under review, performance-linked compensation for executive directors was based on actual ordinary profit of ¥6,680 million against the initial target of ¥4,900 million. Following verification and confirmation by the Compensation Committee, the factor applied to the standard amount of performance-linked compensation based on the performance achievement rate was 130%.」
For performance-linked compensation, the Company reported actual ordinary profit of ¥6,680 million against a target of ¥4,900 million and applied a compensation factor of 130% for the current period. - FY2021AdvancedAnnual report
「For the fiscal year under review, performance-linked compensation for executive directors was based on actual ordinary profit of ¥4,935 million against the initial target of ¥4,800 million. After the Compensation Committee reviewed the impact of the merger with 株式会社夢真ホールディングス, the factor applied to the standard amount of performance-linked compensation based on the performance achievement rate was 130%.」
The Company disclosed the current-period application results for its compensation structure comprising fixed compensation, performance-linked compensation and restricted stock compensation: actual ordinary profit of ¥4,935 million against a target of ¥4,800 million, with an applied factor of 130%. - FY2020AdvancedAnnual report
「For the fiscal year under review, performance-linked compensation for executive directors was based on actual ordinary profit of ¥5,606 million against a target of ¥6,350 million, resulting in a performance achievement rate of 64.5%. Accordingly, the factor applied to the standard amount of performance-linked compensation based on the achievement rate was 0%.」
The Company disclosed the application results for the current period under its performance-linked compensation system: actual ordinary profit of ¥5,606 million against a target of ¥6,350 million, an achievement rate of 64.5% and an applied factor of 0%. - FY2019First statedAnnual report
「Compensation for directors other than outside directors consists of fixed compensation, performance-linked compensation and restricted stock compensation. Performance-linked compensation is a short-term incentive linked to the achievement of annual consolidated ordinary profit targets, and is a variable amount calculated by multiplying the standard amount for each position by 0% to 150% based on the level of performance achieved. Restricted stock compensation is intended to strengthen management from a medium- to long-term corporate value and shareholder perspective, and common shares subject to a specified transfer restriction period and provisions for complimentary acquisition by the Company are allocated for each fiscal year.」
The Company disclosed in detail for the first time a compensation system comprising fixed compensation, consolidated ordinary profit-linked performance compensation and restricted stock compensation, with the performance-linked component varying from 0% to 150%.