Performance-linked executive compensation tied to operating-profit KPIs
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 4 of 31 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Performance-linked compensation and other forms of compensation are paid in cash to reflect performance indicators (KPIs) and encourage a focus on improving performance in each fiscal year. Specifically, an amount calculated according to the degree of achievement of the operating profit target for each fiscal year is added to base compensation and paid in the following fiscal year.」
The performance-linked compensation system, under which the degree of achievement of the operating profit target is reflected in base compensation for the following fiscal year, has been reconfirmed. - FY2023RestatedAnnual report
「Performance-linked compensation and other forms of compensation are paid in cash to reflect performance indicators (KPIs) and encourage a focus on improving performance in each fiscal year. Specifically, an amount calculated according to the degree of achievement of the operating profit target for each fiscal year is added to base compensation and paid in the following fiscal year.」
The performance-linked compensation mechanism, under which the degree of achievement of the operating profit target is reflected in compensation for the following fiscal year, has been reconfirmed. Targets are set to align with the medium-term management plan and will be reviewed in response to changes in the business environment. - FY2022First statedAnnual report
「Performance-linked compensation and other forms of compensation are paid in cash to reflect performance indicators (KPIs) and encourage a focus on improving performance in each fiscal year. Specifically, an amount calculated according to the degree of achievement of the operating profit target for each fiscal year is added to base compensation and paid in the following fiscal year.」
The compensation policy for officers resolved at the Board of Directors meeting held on 17 March 2021 disclosed for the first time a mechanism for reflecting the degree of achievement of the operating profit target in base compensation for the following fiscal year.