KPI-Linked Director Compensation Policy
First written in FY2021. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 6 of 30 companies on the "Worse" side.
10 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Compensation reflected in the following fiscal year based on performance evaluations incorporates performance indicators (KPIs) to raise awareness of improving performance in each fiscal year, and is calculated according to the degree of achievement against the target consolidated operating profit and segment profit for each business.」
The company continues to apply its policy of reflecting the degree of achievement of targets for consolidated operating profit and segment profit in director compensation for the following fiscal year. - FY2022RestatedAnnual report
「Compensation reflected in the following fiscal year based on performance evaluations incorporates performance indicators (KPIs) to raise awareness of improving performance in each fiscal year, and is calculated according to the degree of achievement against the target consolidated operating profit and segment profit for each business.」
The company continues to apply its policy of reflecting the degree of achievement of targets for consolidated operating profit and each segment's profit in director compensation for the following fiscal year. - FY2021First statedAnnual report
「Compensation reflected in the following fiscal year based on performance evaluations incorporates performance indicators (KPIs) to raise awareness of improving performance in each fiscal year, and is calculated according to the degree of achievement against the target consolidated operating profit and segment profit for each business. The range of changes in compensation due to fluctuations in performance is capped at an increase of 40% of basic compensation when the target standard is exceeded, and at a reduction of 20% of basic compensation when the target standard is not met.」
At the meeting of the Board of Directors held on 22 February 2021, the company disclosed for the first time a compensation policy under which the degree of achievement of targets for consolidated operating profit and each segment's profit would be used as KPIs and reflected in compensation for the following fiscal year, with upper and lower limits also established for the variable component.