Considering the Introduction of Performance-Based Compensation
First written in FY2019. 4 of 7 entries say "Advanced", first in FY2021-Q2. Latest entry: FY2026-H1.
29 other companies' latest entry also says "Advanced".
- FY2026-H1AdvancedAnnual report
「For each quarter from the first quarter of the fiscal year ending August 2027 through the first quarter of the fiscal year ending August 2030, holders of the stock acquisition rights will be deemed to have met the quarterly revenue target if revenue for the quarter reported in the Company’s consolidated statements of income exceeds ¥11.9 billion.」
The paid stock options for directors include a condition under which the exercisable percentage increases according to the number of quarters from the first quarter of the fiscal year ending August 2027 through the first quarter of the fiscal year ending August 2030 in which revenue exceeds ¥11.9 billion. - FY2024AdvancedAnnual report
「Non-monetary compensation and other compensation and performance-linked compensation and other compensation for directors, excluding outside directors, are provided in the form of the Company's restricted shares, and the total amount and allocation to each director are determined in consideration of the officer compensation standards and other factors.」
The Company describes specific implementation of performance-linked compensation using restricted shares, with the rate at which restrictions are lifted determined based on revenue of ¥50 billion, positive consolidated operating profit and the share price. - FY2022AchievedAnnual report
「Of the compensation paid to directors, excluding outside directors, performance-linked compensation and other compensation is provided in the form of the Company's restricted shares, and the total amount and allocation to each director are determined in consideration of the officer compensation standards and other factors.」
The Company states that performance-linked compensation, which had previously been under consideration, has been institutionalized and implemented as compensation in the form of restricted shares. - FY2021AdvancedAnnual report
「The Compensation Committee deliberates on the following matters and makes recommendations to the Board of Directors: ① the basic policy on director compensation, ② total compensation and its composition, and ③ the criteria for evaluating directors and the individual compensation amounts for directors. The Compensation Committee met 4 times in fiscal 2020.」
A Compensation Committee was established to deliberate on compensation policies, composition, evaluation criteria and individual compensation, and made 4 recommendations during the fiscal year. The Company states that the introduction of performance-linked compensation itself remains under consideration. - FY2021-Q2AdvancedAnnual report
「If the Company's ordinary profit is positive in any fiscal year from the fiscal year ending August 2021 through the fiscal year ending August 2023, and the Company's revenue and GMV exceed the respective amounts set out below in any fiscal year from the fiscal year ending August 2021 through the fiscal year ending August 2025, each holder of stock acquisition rights may exercise the stock acquisition rights allocated to that holder up to the percentage specified for each item.」
The Company established exercise conditions for stock acquisition rights granted to officers, linked to achieving positive ordinary profit and revenue of ¥28 billion, ¥60 billion or ¥97 billion and GMV of ¥160 billion, ¥250 billion or ¥340 billion. - FY2020SoftenedAnnual report
「In the future, we are considering introducing performance-linked compensation and reorganizing the Nomination Advisory Committee into the Nomination and Compensation Advisory Committee to encourage contributions to increasing corporate value through the sustainable growth of the Group.」
The wording of the policy on introducing performance-linked compensation was softened from the previous "we aim to do so" to "we are considering it." - FY2019First statedAnnual report
「In the future, we aim to introduce performance-linked compensation and other measures to encourage contributions to increasing corporate value through the sustainable growth of the Group.」
The Company has for the first time stated a policy of aiming to introduce performance-linked compensation in the future, while currently providing fixed compensation only.