Executive Compensation Design Including Performance-Linked and Share-Based Compensation
First written in FY2020. 2 of 8 entries say "Reframed", first in FY2021. Latest entry: 2026-05-22.
11 other companies' latest entry also says "Achieved".
- FY2026RaisedAnnual report
「Base compensation and performance-linked compensation account for approximately 6:4 of total compensation, respectively, and the proportion of performance-linked compensation increases with seniority.」
As its compensation policy from 1 May 2026, the company plans to change the ratio of base compensation to performance-linked compensation from approximately 7:3 to 6:4, using operating profit margin and the rate of change in sales as short-term evaluation metrics, and operating profit margin and ROA as medium- to long-term evaluation metrics. - FY2024RestatedAnnual report
「Base compensation and performance-linked compensation account for approximately 7:3 of total compensation, respectively, and the proportion of performance-linked compensation increases with seniority.」
The company reconfirms a compensation structure comprising fixed compensation, performance-linked compensation and restricted stock compensation, as well as an evaluation method using the consolidated operating profit margin. - FY2023ReframedAnnual report
「The performance evaluation rank for each director is determined by first setting a base performance evaluation rank according to the consolidated operating profit margin for the previous fiscal year, which indicates the profitability of the company's core business, and then taking into account the individual performance evaluation adjustment and the adjustment for the first year in office.」
The method for determining the performance-linked compensation metric changed from the previous operating profit margin to the consolidated operating profit margin. The company also states that the approximate weighting of base compensation and performance-linked compensation is 7:3. - FY2022RestatedAnnual report
「Compensation for executive directors consists of base compensation, which is fixed according to position and responsibilities, and performance-linked compensation, which varies according to position, responsibilities and performance evaluation rank. Base compensation is paid in cash, while performance-linked compensation is paid in cash and restricted stock.」
The company reconfirms an executive compensation structure comprising fixed compensation, performance-linked compensation and restricted stock compensation. - FY2021ReframedAnnual report
「Share-based compensation had been provided through an employee share accumulation plan funded by payroll deductions. At the 91st Annual General Meeting of Shareholders held on 27 April 2021, the company approved the introduction of restricted stock compensation for executive directors, with the aim of providing incentives for sustained increases in corporate value and further sharing value with shareholders.」
The compensation structure changed from the previous employee share accumulation plan funded by payroll deductions to one introducing restricted stock compensation. - FY2020First statedAnnual report
「Compensation for executive directors consists of base compensation, which is fixed according to position and responsibilities, and performance-linked compensation and share-based compensation, which vary according to the previous fiscal year's operating profit margin on sales, an indicator of the profitability of the company's core business, and individual performance. Base compensation and performance-linked compensation are paid in cash, while share-based compensation is provided through an employee share accumulation plan funded by payroll deductions.」
For the first time, the company has described an executive compensation structure comprising fixed compensation, compensation linked to operating profit margin on sales and individual performance, and share-based compensation.