Designing executive incentives through performance-linked and equity compensation
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2025. Latest entry: FY2026.
87 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As some deliberations were held ahead of schedule during the fiscal year, the committee met a total of 2 times,」
The Nomination and Compensation Advisory Committee met 2 times during the fiscal year to deliberate on director candidates, the selection of the Representative Director, division of duties and succession planning. The activities of the body responsible for implementing the performance-linked and stock-based compensation policies have become more concrete. - FY2025AdvancedAnnual report
「In making this determination, the Representative Director and President is to consult the voluntary Nomination and Compensation Advisory Committee, which includes outside directors, and respect its opinion.」
The policy of benchmarking performance-linked compensation at 0.5% of net income and capping stock-based compensation at 50% of base compensation has been maintained, while consultation with the Nomination and Compensation Advisory Committee was incorporated following the transition to a company with an Audit and Supervisory Committee. - FY2022RestatedAnnual report
「To encourage directors, excluding outside directors, to focus on improving performance in each fiscal year, cash compensation reflecting performance indicators may be paid, subject to approval at the Annual General Meeting of Shareholders, with the amount benchmarked at approximately 0.5% of net income for the previous consolidated fiscal year.」
The annual report also reaffirms the policy of providing performance-linked compensation benchmarked at approximately 0.5% of net income for the previous consolidated fiscal year and executive compensation in the form of stock-based stock options. - FY2021First statedAnnual report
「To encourage directors, excluding outside directors, to focus on improving performance in each fiscal year, cash compensation reflecting performance indicators may be paid, subject to approval at the annual general meeting of shareholders, with approximately 0.5% of net income for the previous consolidated fiscal year serving as a guideline. The amount of stock-based compensation is capped at an amount equivalent to 50% of base compensation.」
A new policy explicitly setting out individual director compensation has been established, consisting of performance-linked compensation benchmarked at approximately 0.5% of net income for the previous consolidated fiscal year and stock-based compensation capped at 50% of base compensation.