Performance-linked compensation tied to the consolidated operating profit achievement rate
First written in FY2022. 1 of 2 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 5 of 25 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「The performance-linked compensation and other compensation for the Company's directors use consolidated operating income, which succinctly represents the operating performance of the Company Group, as the performance metric, and calculate the amount of compensation and other payments for each individual based on the achievement rate against the target for consolidated operating income.」
The company has continued its policy of using the achievement rate against the published figure for consolidated operating income as the metric for performance-linked compensation, and has also provided details of the achievement rates by position and the payout ratios relative to fixed compensation. - FY2022First statedAnnual report
「The performance-linked compensation and other compensation for the Company's directors use consolidated operating income, which succinctly represents the operating performance of the Company Group, as the performance metric, and calculate the amount of compensation and other payments for each individual based on the achievement rate against the target for consolidated operating income.」
For performance-linked compensation for directors, the company has disclosed a mechanism under which the achievement rate of actual results against the published figure for consolidated operating income is used as the metric and compensation is determined according to the level of achievement. No performance-linked compensation was paid for the year because published operating income was not achieved.