Executive performance-linked compensation based on consolidated ordinary profit
First written in FY2022. 1 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 16 companies on the "Worse" side.
49 other companies' latest entry also says "Other".
- FY2026Update to the achievement factor for performance-linked compensationAnnual report
「For the bonus component of performance-linked compensation, the consolidated ordinary profit forecast published in the previous consolidated fiscal year was ¥1,975 million, while consolidated ordinary profit for that fiscal year was ¥3,049 million. Accordingly, the company paid an amount calculated by multiplying the standard amount based on position and other factors by a consolidated ordinary profit achievement factor of 2.00.」
The company continued its bonus scheme based on consolidated ordinary profit, applying the maximum achievement factor of 2.00 based on previous-year actual results of ¥3,049 million against the ¥1,975 million forecast. - FY2025Update to the achievement factor for performance-linked compensationAnnual report
「For the bonus component of performance-linked compensation, the consolidated ordinary profit forecast published in the previous consolidated fiscal year was ¥1,652 million, while consolidated ordinary profit for that fiscal year was ¥1,809 million. Accordingly, the company paid an amount calculated by multiplying the standard amount based on position and other factors by a consolidated ordinary profit achievement factor of 1.20.」
The company continued its bonus scheme based on consolidated ordinary profit, applying an achievement factor of 1.20 based on the previous fiscal year’s forecast of ¥1,652 million and actual results of ¥1,809 million. - FY2024AdvancedAnnual report
「For the bonus component of performance-linked compensation, the consolidated ordinary profit forecast published in the previous consolidated fiscal year was ¥1,358 million, while consolidated ordinary profit for that fiscal year was ¥1,615 million. Accordingly, the company paid an amount calculated by multiplying the standard amount based on position and other factors by a consolidated ordinary profit achievement factor of 1.38.」
The company implemented a short-term incentive compensation scheme based on consolidated ordinary profit, paying bonuses using an achievement factor of 1.38 based on actual results of ¥1,615 million against the ¥1,358 million forecast. - FY2022First statedAnnual report
「Short-term incentive compensation is positioned as reflecting directors’ commitment to annual performance toward medium- to long-term goals and is determined based on company-wide profit.」
The company has defined a policy combining fixed compensation with short-term incentive compensation based on consolidated ordinary profit as a performance metric and medium- to long-term incentives through restricted stock compensation. It has also specified that compensation will generally not be paid when results are below 75% of the published forecast, as well as the formula and cap for the achievement factor.