Komori
Japan Tobacco (2914) · PolicyAdvanced

Executive Compensation Linked to Medium- to Long-Term Corporate Value

First written in FY2017. 11 of 15 entries say "Advanced", first in FY2019-Q3. Latest entry: FY2026-H1.

15entries
9years
2from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2017AdvancedFY2020-Q2 – FY2026-H12018: 120182019: 120192020: 220202021: 120212022: 220222023: 120232024: 120242025: 220252026: 42026
Same theme, other companies
Executive Compensation Policy and Design Combining Fixed and Share-Based CompensationA theme 91 companies write about · 12 as a headwind · 58 as a tailwind

The whole theme swung hardest in 2024: 8 of 46 companies on the "Worse" side.

23 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 91 companies compared. The sentences above are computed from all 91.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1AdvancedAnnual report

    「Based on the disposal of treasury shares as restricted stock compensation and performance share units approved by the Company's Board of Directors at its meeting held on 5 June 2026, the Company disposed of 115,927 treasury shares on 29 June.」

    The Company disposed of 115,927 treasury shares in connection with restricted stock compensation and performance share units linked to medium- to long-term corporate value.
  2. FY2025AdvancedAnnual report

    「Constant-currency core revenue was ¥3,347.8 billion versus a target of ¥3,160.0 billion; adjusted operating profit at constant exchange rates was ¥926.6 billion versus a target of ¥825.0 billion; adjusted operating profit was ¥901.3 billion versus a target of ¥746.0 billion; and profit for the year attributable to owners of the parent was ¥487.7 billion versus a target of ¥449.0 billion.」

    Actual results exceeded targets for all 4 company-wide performance metrics used to evaluate executive bonuses for fiscal 2025.
  3. FY2025-H1AdvancedAnnual report

    「Based on the disposal of treasury shares as restricted stock compensation and performance share units approved by the Company's Board of Directors at its meeting held on 4 June 2025, the Company disposed of 170,044 treasury shares on 27 June.」

    The Company disposed of 170,044 treasury shares in connection with restricted stock compensation and performance share units linked to medium- to long-term corporate value.
  4. FY2024AdvancedAnnual report

    「For the fiscal year ending December 2024, the company-wide performance metrics were as follows: constant-currency core revenue was ¥2,926.4 billion versus a target of ¥2,836.0 billion; adjusted operating profit at constant exchange rates was ¥769.4 billion versus a target of ¥728.0 billion; adjusted operating profit on a financial reporting basis was ¥738.1 billion versus a target of ¥688.0 billion; and profit for the year was ¥458.4 billion versus a target of ¥455.0 billion.」

    Actual results exceeded targets for all 4 performance-linked executive bonus metrics for fiscal 2024.
  5. FY2023RaisedAnnual report

    「In addition, from fiscal 2023, the company has increased the proportion of long-term incentive compensation consisting of restricted stock compensation and performance share units, with the aim of further promoting proactive management from a medium- to long-term perspective.」

    From fiscal 2023, the company increased the proportion of long-term incentives in the compensation mix and strengthened the linkage to medium- to long-term corporate value through restricted stock compensation and performance share units.
  6. FY2022AdvancedAnnual report

    「The company-wide performance metrics and results used for executive bonuses for the fiscal year were as follows: core revenue at constant exchange rates: target ¥2,229.0 billion, actual ¥2,338.5 billion; adjusted operating profit at constant exchange rates: target ¥635.0 billion, actual ¥665.7 billion; adjusted operating profit on a financial reporting basis: target ¥611.0 billion, actual ¥727.8 billion; profit for the year attributable to owners of the parent: target ¥356.0 billion, actual ¥442.7 billion.」

    The company disclosed the targets and actual results for the fiscal 2022 executive bonus performance metrics. Actual results exceeded targets for all of constant-currency core revenue, adjusted operating profit at constant exchange rates, adjusted operating profit on a financial reporting basis, and profit for the year attributable to owners of the parent.
  7. FY2022-Q2AdvancedAnnual report

    「Based on the disposal of treasury shares as restricted stock compensation approved by the Company's Board of Directors at its meeting held on 28 April 2022, the Company disposed of 210,200 treasury shares on 24 May.」

    The Company disposed of 210,200 treasury shares as restricted stock compensation.
  8. FY2021RaisedAnnual report

    「From fiscal 2022, the Company decided to introduce constant-currency core revenue, adjusted operating profit on a financial reporting basis and the RRP metric, in addition to adjusted operating profit on a constant-currency basis and profit for the year, in order to establish metrics aimed at sustainable medium- and long-term growth.」

    The company indicated a policy of expanding the performance metrics for executive bonuses by adding core revenue, adjusted operating profit on a financial reporting basis, and the RRP metric from fiscal 2022.
  9. FY2020AdvancedAnnual report

    「The company-wide performance evaluation metrics and results relating to executive bonuses for the current fiscal year are as follows: “Adjusted operating profit on a constant-currency basis: target ¥516.0 billion; actual ¥544.5 billion” “Profit for the year attributable to owners of the parent: target ¥305.0 billion; actual ¥310.3 billion”」

    Under the new executive compensation system, adjusted operating profit on a constant-currency basis and profit for the year attributable to owners of the parent were used as performance evaluation metrics, and the targets and actual results for fiscal 2020 were disclosed.
  10. FY2020-Q2AdvancedAnnual report

    「Based on the disposal of treasury shares as restricted stock compensation resolved at the Company's Board of Directors meeting held on 30 April 2020, the Company disposed of 239,200 treasury shares on 26 May.」

    For the restricted stock compensation introduced from fiscal 2020, the Company disposed of 239,200 treasury shares on 26 May 2020.
  11. FY2019ReframedAnnual report

    「From fiscal 2020, the Company will discontinue stock options as share-based compensation and introduce restricted stock compensation and performance share units.」

    For executive compensation linked to medium- and long-term corporate value, the Company will discontinue its previous stock options and change the system to restricted stock compensation and performance share units with a 3-year performance evaluation period.
  12. FY2019-Q3AdvancedAnnual report

    「6 directors, excluding outside directors; 20 executive officers, excluding those who are directors; 1,566 stock acquisition rights」

    In connection with its policy of linking executive compensation to medium- and long-term corporate value, the Company issued 1,566 stock acquisition rights in July 2019 to 6 directors and 20 executive officers.
  13. FY2017First statedAnnual report

    「Based on the recommendations of the Compensation Advisory Committee, the Company's basic policy on executive compensation is as follows: ・Set compensation levels appropriate for securing highly capable personnel ・Adopt a performance-linked compensation system that motivates the achievement of performance targets ・Link compensation to medium- and long-term corporate value ・Ensure transparency through compensation based on objective perspectives and quantitative frameworks」

    The Company has stated its basic policy on executive compensation as securing highly capable personnel, linking compensation to performance and medium- and long-term corporate value, and using a quantitative and transparent framework.
Moved together

"Strengthening Efforts in Emerging Products" moved the same way as this thread, in the same document, in 11 of its 15 moves.

1197665★123456
  1. ★This thread
  2. 1Strengthening Efforts in Emerging Products11×
  3. 2Sustainable Growth Over the Medium to Long Term9×
  4. 3Strengthening Brand Equity Centered on GFB7×
  5. 4Capital Allocation Including Dividends and Share Repurchases6×
  6. 5Governance Framework Supporting Transparent, Fair and Rapid Decision-Making6×
  7. 6Stable Operating Cash Flow and Diverse Funding Sources5×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Japan Tobacco's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Share Issuance and Disposal of 2026-06-29: "Advanced".
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.