Combination of Annual Performance-Linked Compensation and Medium- to Long-Term Incentive Compensation
First written in FY2021. 3 of 7 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
19 other companies' latest entry also says "Other".
- FY20260% payout ratio for VISION2030-linked medium- to long-term compensationAnnual report
「As the specified levels of achievement for the consolidated ordinary profit margin, consolidated ROE and engagement score determined by the Board of Directors were not reached in the current fiscal year, the payout ratio was 0% and no expense was recorded.」
For VISION2030-linked medium- to long-term incentives, the consolidated ordinary profit margin was 4.79%, consolidated ROE was 16.51% and the engagement score was 3.83 for the fiscal year ending March 2026, resulting in a payout ratio of 0%. - FY2025ReframedAnnual report
「The indicators used to calculate medium-term performance-linked share-based compensation are the consolidated ordinary profit margin and consolidated ROE. For the targets set in the medium-term management plan, please refer to “2. Business Overview,” “1. Management Policy, Business Environment and Issues to Be Addressed, etc. (4) Objective Indicators for Assessing Achievement of Management Targets.”」
The system was updated from medium- to long-term incentives linked to VISION2025 to those linked to VISION2030. Under the new system, the degree of improvement in the engagement score was added to the consolidated ordinary profit margin and consolidated ROE as a performance indicator. - FY2023AdvancedAnnual report
「The indicators used to calculate medium- to long-term incentive compensation were a consolidated ordinary profit margin of 5.19% and consolidated ROE of 26.09% for the 38th fiscal year (the fiscal year ended March 2023).」
The consolidated ordinary profit margin and consolidated ROE used for VISION2025's medium-term performance-linked share-based compensation were 5.19% and 26.09%, respectively, and ¥6 million in share-based compensation was expensed as medium- to long-term incentive compensation in the current fiscal year. - FY20220% first-year payout ratio for medium- to long-term performance-linked compensationAnnual report
「The details of the “share-based compensation” (non-monetary compensation) as medium- to long-term incentive compensation are to be disclosed as the amount expensed in the fiscal year under the medium-term performance-linked share-based compensation plan described in “1. Status of Shares, etc. (8) Details of the Directors’ and Employees’ Share Ownership Plan.” However, as the degree of achievement of the consolidated ordinary profit margin and consolidated ROE determined by the Board of Directors did not reach the specified levels in the current fiscal year, the payout ratio was 0% and no expense was recorded.」
For the first year of VISION2025, the payout ratio for medium-term performance-linked share-based compensation was 0%. - FY2022-Q2AdvancedAnnual report
「Based on a resolution of the Board of Directors meeting held on 28 July 2021, we introduced the Executive Compensation BIP Trust and Stock Grant ESOP Trust and acquired 229,400 treasury shares for ¥1,268 million during the second quarter of the current consolidated fiscal year.」
For medium-term performance-linked share-based compensation linked to achievement of VISION2025, treasury shares were acquired based on the introduction of a new BIP Trust and a Share Delivery ESOP Trust. - FY2022-Q1AdvancedAnnual report
「The introduction of this system was approved at the general meetings of shareholders of each eligible company. Based on approval at the general meetings of shareholders of each eligible company, the Board of Directors resolved at its meeting held on 28 July 2021 to establish the trusts.」
For the medium-term performance-linked share-based compensation linked to achievement of VISION2025, approval was obtained at the general meetings of shareholders of each eligible company, and a resolution to establish the trusts was adopted on 28 July 2021. The applicable period runs from the fiscal year ending March 2022 through the fiscal year ending March 2025, and the trust amounts are ¥419 million for the Directors' Compensation BIP Trust and ¥571 million for the Share Delivery ESOP Trust. - FY2021First statedAnnual report
「・65% of annual performance-linked compensation is paid each fiscal year, following approval at the annual general meeting of shareholders, as a cash bonus directly linked to our performance. ・35% of annual performance-linked compensation is paid upon directors' retirement as share-based compensation linked to shareholder value. ・Medium- to long-term incentive compensation is calculated by multiplying the reference amount (award points) set according to position and other factors by the payout ratio determined based on the degree of achievement at the end of the final year of the medium-term management plan. Shares in our company corresponding to the resulting points are delivered in the fiscal year following the end of the plan.」
With the launch of VISION2025, annual performance-linked compensation was divided into 65% cash and 35% shares, and medium- to long-term incentive compensation using the consolidated ordinary profit margin and consolidated ROE as performance indicators was added. The medium- to long-term compensation was designed to pay between 0% and 125% of the reference amount.