Executive Compensation Policy Taking into Account Achievement of Annual and Medium-Term Targets
First written in FY2017. 3 of 10 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 11 companies on the "Worse" side.
2 other companies' latest entry also says "Other".
- FY2026All primary performance-linked compensation targets were missedAnnual report
「The primary target indicators for performance-linked compensation for the fiscal year were consolidated net sales of ¥292.0 billion, operating income of ¥7.8 billion, ordinary income of ¥8.7 billion and net income attributable to owners of the parent of ¥4.9 billion, as disclosed in the consolidated earnings forecast on 24 April 2025. Actual results were consolidated net sales of ¥284.4 billion, operating income of ¥6.7 billion, ordinary income of ¥7.8 billion and net income attributable to owners of the parent of ¥3.2 billion.」
Net sales, operating income, ordinary income and net income, the primary target indicators for performance-linked compensation, all fell below the disclosed forecasts. - 2026-05-20Cited as achievedGeneral Meetings of Shareholders
「2025年４月24日に連結業績の予想として開示いたしました目標値は、連結売上高2,920億円、連結営業利益78億円、連結経常利益87億円、連結当期純利益（親会社株主に帰属する当期純利益）49億円であります。その実績値は、連結売上高2,844億円、連結営業利益67億円、連結経常利益78億円、連結当期純利益（親会社株主に帰属する当期純利益）32億円となりました。」
業績連動報酬の目標指標について、通期予想と実績の対比を開示した。4指標はいずれも実績が予想を下回った。 - FY2025Disclosed that performance-linked compensation targets were missedAnnual report
「The primary target indicators for performance-linked compensation for the fiscal year were consolidated net sales of ¥292.0 billion, operating income of ¥8.0 billion, ordinary income of ¥9.0 billion and net income attributable to owners of the parent of ¥5.7 billion, as disclosed in the consolidated earnings forecast on 26 April 2024. Actual results were consolidated net sales of ¥287.8 billion, operating income of ¥7.4 billion, ordinary income of ¥8.3 billion and net income attributable to owners of the parent of ¥4.8 billion.」
Net sales, operating income, ordinary income and net income all fell below the disclosed forecasts, which were the primary target indicators for performance-linked compensation. - FY2023Disclosed that performance-linked compensation targets were missedAnnual report
「The primary target indicators for performance-linked compensation for the fiscal year were consolidated net sales of ¥283.0 billion, operating income of ¥8.2 billion, ordinary income of ¥9.2 billion and net income attributable to owners of the parent of ¥5.5 billion, as disclosed in the consolidated earnings forecast on 27 April 2022. Actual results were consolidated net sales of ¥281.8 billion, operating income of ¥6.6 billion, ordinary income of ¥7.6 billion and net income attributable to owners of the parent of ¥4.1 billion.」
The company disclosed a comparison of the target indicators and actual results for performance-linked compensation, stating that net sales, operating income, ordinary income and net income all fell below the disclosed forecasts. - FY2022AdvancedAnnual report
「The primary target indicators for performance-linked compensation for the fiscal year were consolidated net sales of ¥282.0 billion, operating income of ¥7.5 billion, ordinary income of ¥8.5 billion and net income attributable to owners of the parent of ¥5.5 billion, as disclosed in the consolidated earnings forecast on 26 April 2021. Actual results were consolidated net sales of ¥279.4 billion, operating income of ¥7.7 billion, ordinary income of ¥8.6 billion and net income attributable to owners of the parent of ¥4.8 billion.」
The company specifically disclosed a comparison of the consolidated earnings forecast and actual results for performance-linked compensation. Operating income and ordinary income exceeded their targets, while net sales and net income fell below their targets. - FY2021AdvancedAnnual report
「The primary target indicators for performance-linked compensation for the fiscal year were consolidated net sales of ¥270.0 billion, operating income of ¥5.0 billion, ordinary income of ¥6.0 billion and net income attributable to owners of the parent of ¥4.0 billion, as disclosed in the consolidated earnings forecast on 24 April 2020. Actual results were consolidated net sales of ¥284.4 billion, operating income of ¥10.5 billion, ordinary income of ¥11.5 billion and net income attributable to owners of the parent of ¥7.1 billion.」
For the first time, the company specifically disclosed a comparison of the target indicators and actual results for performance-linked compensation, stating that net sales and each profit measure exceeded the disclosed forecasts. - FY2020AdvancedAnnual report
「Compensation consists of base compensation and performance-linked compensation, comprising bonuses and stock options as medium- to long-term incentives. Base compensation is determined based on each director's role and responsibilities. Performance-linked compensation is determined primarily by the achievement rate against the disclosed consolidated earnings forecast, together with each director's achievement of individual targets and contribution. As a guideline, base compensation accounts for 70% and performance-linked compensation for 30%.」
In addition to the previous policy of considering achievement of annual and medium-term targets, the company disclosed a compensation structure of 70% base compensation and 30% performance-linked compensation, as well as a specific calculation method using the achievement rate against the consolidated earnings forecast, individual target achievement and contribution. - FY2019RestatedAnnual report
「The policy for determining directors' compensation is to base it on achievement of annual and medium-term targets, taking into account each director's contribution to the company's sustainable growth.」
We continue to follow the policy of determining directors' compensation by taking into account their contribution to sustainable growth and their achievement of annual and medium-term targets. - FY2018RestatedAnnual report
「The policy for determining directors' compensation is to base it on achievement of annual and medium-term targets, taking into account each director's contribution to the company's sustainable growth.」
We continue to follow the policy of determining directors' compensation by taking into account their contribution to sustainable growth and their achievement of annual and medium-term targets. - FY2017First statedAnnual report
「The policy for determining directors' compensation is to base it on achievement of annual and medium-term targets, taking into account each director's contribution to the company's sustainable growth.」
The policy is to determine directors' compensation by taking into account their contribution to the company's sustainable growth and their achievement of annual and medium-term targets.