Performance-Linked Executive Compensation and Personnel and Compensation Advisory Committee
First written in FY2020. 6 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
67 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「For the current fiscal year, consolidated operating revenue was ¥963.7 billion and consolidated ordinary profit was ¥4.9 billion, resulting in a performance achievement score of 61.0%.」
The performance achievement score for performance-linked executive compensation was disclosed as 61.0%, updated from 70.4% in the previous fiscal year. - FY2025AdvancedAnnual report
「For the current fiscal year, consolidated operating revenue was ¥811.2 billion and consolidated ordinary profit was ¥6.1 billion, resulting in a performance achievement score of 70.4%.」
The performance achievement score for performance-linked executive compensation was disclosed as 70.4%, updated from 69.3% in the previous fiscal year. - FY2024AdvancedAnnual report
「For the current fiscal year, consolidated operating revenue was ¥706.6 billion and consolidated ordinary profit was ¥6.9 billion, resulting in a performance achievement score of 69.3%.」
The performance achievement score for performance-linked executive compensation was disclosed as 69.3%, updated from 57.3% previously. - FY2023AdvancedAnnual report
「For the current fiscal year, consolidated operating revenue was ¥708.6 billion and consolidated ordinary profit was ¥6.5 billion, resulting in a performance achievement score of 57.3%.」
For performance-linked executive compensation, a performance achievement score of 57.3% based on consolidated operating revenue and ordinary profit was disclosed, and the composition of fixed compensation, performance-linked cash compensation, stock options and restricted stock was specified. - FY2022AdvancedAnnual report
「For the current fiscal year, consolidated operating revenue was ¥716.4 billion and consolidated ordinary profit was ¥12.4 billion, resulting in a performance achievement score of 94.8%.」
For performance-linked executive compensation, a performance achievement score of 94.8% was disclosed for the current fiscal year, based on consolidated operating revenue and ordinary profit. - FY2021AdvancedAnnual report
「The basic policy for compensation for our directors and other officers, excluding outside officers, is to establish a compensation structure that reflects medium- to long-term performance and promotes sustainable growth and increased corporate value through the exercise of sound entrepreneurial spirit by directors. Accordingly, the proportion of performance-linked compensation has been increased. Based on recommendations from the Personnel and Compensation Advisory Committee, the Board of Directors determines directors' compensation within the limits approved by resolution of the General Meeting of Shareholders; however, the source contains a typographical error stating that this is done by a resolution of the Board of Directors.」
The policy of increasing performance-linked compensation was formalized as a policy for determining individual compensation incorporating a Board of Directors resolution and recommendations from the Personnel and Compensation Advisory Committee. - FY2020First statedAnnual report
「Compensation for our directors and other officers, excluding outside officers, is structured with a lower proportion of fixed compensation and a higher proportion of performance-linked compensation, with the aim of reflecting medium- to long-term performance and promoting sustainable growth and increased corporate value through the exercise of sound entrepreneurial spirit by directors. In addition, the Personnel and Compensation Advisory Committee, whose principal members are independent outside officers, continues to operate under the Board of Directors. Each April, it reviews the previous year's performance results for each operating company and verifies whether compensation levels were appropriate.」
A compensation policy reducing the proportion of fixed compensation and increasing the performance-linked component was presented, along with a review framework involving an advisory committee whose principal members are independent outside officers.