Introduction of Performance-Linked Compensation Based on Forecast Results
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 4 of 34 companies on the "Worse" side.
18 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Because performance-linked compensation must incorporate various factors and results without being overly dependent on any particular metric, it is paid after the end of the ordinary general meeting of shareholders for the relevant period, based on the degree of achievement against the earnings forecast at the beginning of the period and other factors, with the appropriateness of the total amount to be paid deliberated by the management meeting and the Board of Directors in light of the business environment.」
It continues to maintain a policy of placing emphasis on fixed compensation while calculating performance-linked compensation based on the degree of achievement against the earnings forecast at the beginning of the period and other factors. - FY2021Further detail on the executive compensation policyAnnual report
「Our executive compensation comprises fixed compensation, compensation other than performance-linked compensation, including directors' retirement benefits, and performance-linked compensation. The composition ratios are weighted toward fixed compensation, reflecting an emphasis on sustained improvement in performance each fiscal year and the stability and improvement of performance over the medium to long term.」
In addition to the previous explanation of performance-linked compensation based on earnings forecasts, it provides details on its composition with fixed compensation and retirement benefits, the weighting given to fixed compensation, the performance-linked metrics and the timing of payment. - FY2020RestatedAnnual report
「Our executive compensation comprises performance-linked compensation and other compensation, including compensation that is not performance-linked. Because performance-linked compensation must incorporate various factors and results, it is calculated based on earnings forecasts.」
It continues to maintain a policy of calculating performance-linked compensation based on earnings forecasts. - FY2019First statedAnnual report
「Our executive compensation comprises performance-linked compensation and other compensation, including compensation that is not performance-linked. Because performance-linked compensation must incorporate various factors and results, it is calculated based on earnings forecasts.」
It provides, for the first time, a policy under which executive compensation comprises performance-linked and other compensation, with performance-linked compensation calculated based on earnings forecasts.