Executive Compensation Review Meetings and Introduction of Performance-Linked Compensation
First written in FY2022. 2 of 4 entries say "Advanced", first in FY2025. Latest entry: FY2026.
87 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The externally disclosed figures for the previous fiscal year were ordinary profit of ¥420 million and net income of ¥370 million, while actual results were ordinary profit of ¥441.096 million and net income of ¥446.030 million. Applying these results to the director compensation standards, performance-linked compensation for the fiscal year was ¥20.370 million.」
The company continues to operate performance-linked compensation through the Nomination and Compensation Committee and disclosed performance-linked compensation of ¥20.370 million for the fiscal year. - FY2025AdvancedAnnual report
「Each year, the company refers compensation matters to the Nomination and Compensation Committee and resolves them at the Board of Directors meeting following the committee's deliberations and recommendation.」
The company continues to operate a director compensation decision-making process through the Nomination and Compensation Committee, with performance-linked compensation tied to ordinary profit and net income. Performance-linked compensation for the fiscal year was disclosed as ¥17.430 million. - FY2023ReframedAnnual report
「To strengthen the independence and objectivity of the Board of Directors and accountability, the company has established a Nomination and Compensation Committee as an advisory body to the Board. The committee is chaired by an independent outside director and comprises the other independent outside directors and the Representative Director and President as members, and the company will establish and maintain a framework that enables corporate governance to function more effectively.」
The former Executive Compensation Review Committee is described as the Nomination and Compensation Committee as of the filing date, with an organizational structure chaired by an independent outside director. - FY2022First statedAnnual report
「The matter was referred to the Executive Compensation Review Committee, and, following its deliberations and recommendation, was resolved at the Board of Directors meeting held on 26 May 2021.」
The company established a voluntary Executive Compensation Review Committee comprising outside directors and corporate auditors, and disclosed in detail for the first time its policy of structuring director compensation as base compensation and performance-linked compensation. Performance-linked compensation accounts for approximately 1 part compared with 9 parts of base compensation, with ordinary profit and net income as the performance indicators.