Policy of limiting executive compensation to fixed remuneration
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2025.
Mandarake moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2025: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「With regard to the policy for determining the details of individual directors' remuneration and other compensation, the company provides remuneration consisting of basic remuneration as fixed remuneration and directors' retirement allowances, based principally on a remuneration structure and levels commensurate with each director's role and responsibilities, so that the policy functions to achieve sustainable growth in corporate value.」
The description has changed from the previous explanation that compensation consisted solely of fixed remuneration to a compensation structure combining fixed remuneration with directors' retirement allowances. - FY2024RestatedAnnual report
「With regard to the policy for determining the details of individual directors' remuneration and other compensation, the company provides fixed remuneration based principally on a remuneration structure and levels commensurate with each director's role and responsibilities, so that the policy functions to achieve sustainable growth in corporate value.」
The company continues its policy of providing fixed remuneration based on roles and responsibilities. - FY2022RestatedAnnual report
「With regard to the policy for determining the details of individual directors' remuneration and other compensation, the company provides fixed remuneration based principally on a remuneration structure and levels commensurate with each director's role and responsibilities, so that the policy functions to achieve sustainable growth in corporate value.」
The company continues its policy of providing fixed remuneration based on roles and responsibilities, with the president and chairman determining individual remuneration amounts and outside directors conducting reviews. - FY2021ReframedAnnual report
「With regard to the policy for determining the details of individual directors' remuneration and other compensation, the company provides fixed remuneration based principally on a remuneration structure and levels commensurate with each director's role and responsibilities, so that the policy functions to achieve sustainable growth in corporate value. Based on a resolution delegating authority from the Board of Directors, Representative Director and President Tsujinaka Yujiro (辻中 雄二郎) and Chairman of the Board Furukawa Masuzo (古川 益蔵) determine the amounts of individual fixed remuneration for directors.」
In addition to the previous policy of providing only fixed remuneration, the company has specified a remuneration structure based on roles and responsibilities, the delegation of authority to determine compensation to the president and chairman, and a decision-making process involving review by outside directors. - FY2020RestatedAnnual report
「The amounts of remuneration and other compensation for the company's officers consist solely of fixed remuneration, within the limit of the total remuneration approved by the General Meeting of Shareholders.」
The company has reaffirmed its policy that executive compensation consists solely of fixed remuneration. - FY2019First statedAnnual report
「The amounts of remuneration and other compensation for the company's officers consist solely of fixed remuneration, within the limit of the total remuneration approved by the General Meeting of Shareholders.」
The company has newly stated a policy under which executive compensation consists solely of fixed remuneration within the limit approved by the General Meeting of Shareholders.