Linkage Between Executive Compensation and Consolidated Ordinary Profit Through Performance-Linked Compensation
First written in FY2021. 1 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
47 other companies' latest entry also says "Other".
- FY2026Profit improvement remains below the standard target for performance-linked compensationAnnual report
「The target for consolidated ordinary profit, the metric used for performance-linked compensation, is ¥2,000 million as stated in the policy described above, while actual consolidated ordinary profit was ¥1,725 million.」
Against the standard consolidated ordinary profit metric of ¥2 billion for performance-linked compensation, actual consolidated ordinary profit was ¥1.725 billion. This improved from ¥1.431 billion in the previous fiscal year but remained below the standard target. - FY2025Actual profit for performance-linked compensation falls below the standard targetAnnual report
「The target for consolidated ordinary profit, the metric used for performance-linked compensation, is ¥2,000 million as stated in the policy described above, while actual consolidated ordinary profit was ¥1,431 million.」
Against the standard consolidated ordinary profit metric of ¥2 billion for performance-linked compensation, actual consolidated ordinary profit for the fiscal year was ¥1.431 billion. The compensation system remains in place, but actual profit was below the benchmark. - FY2024RaisedAnnual report
「In light of consolidated ordinary profit reaching ¥1.9 billion in the final year of the previous medium-term management plan, the Group believes it should aim for the still higher level of ¥2 billion in consolidated ordinary profit. Accordingly, performance-linked compensation is set at the standard level of 100% when consolidated ordinary profit for the previous consolidated fiscal year is ¥2 billion, and varies in proportion to the amount of consolidated ordinary profit from 0% when consolidated ordinary profit is ¥0 or less to 150% when it is ¥3 billion or more.」
The standard metric for performance-linked compensation was raised from ¥1 billion to ¥2 billion in consolidated ordinary profit, and a new range was established, from 0% at ¥0 or less to 150% at ¥3 billion or more. - FY2023AdvancedAnnual report
「The target for consolidated ordinary profit, the metric used for performance-linked compensation, is ¥1,000 million as stated in the policy described above, while actual consolidated ordinary profit for the fiscal year was ¥1,340 million.」
Under the performance-linked compensation system, for which the standard level of consolidated ordinary profit is ¥1,000 million, actual consolidated ordinary profit for the fiscal year was ¥1,340 million, exceeding the compensation metric's benchmark. The system itself remains in place. - FY2021First statedAnnual report
「In light of the Group's aim to build a corporate and earnings structure capable of generating consolidated ordinary profit of ¥1 billion or more annually by responding appropriately to changes in the business environment, performance-linked compensation is set at the standard level of 100% when consolidated ordinary profit for the previous consolidated fiscal year is ¥1 billion, and varies from 0% to 150% according to the amount of consolidated ordinary profit, as follows.」
The directors' compensation system introduced performance-linked compensation based on consolidated ordinary profit. The standard level is 100% at ¥1 billion, with compensation varying from 0% to 150% according to the profit level. Actual consolidated ordinary profit for the fiscal year was ¥676 million.