Change in the Policy for Determining Director Compensation through the Nomination and Compensation Committee
First written in FY2024. 1 of 3 entries say "Restated". Latest entry: 2026-08-10.
The whole theme swung hardest in 2025: 9 of 89 companies on the "Worse" side.
63 other companies' latest entry also says "Advanced".
- 2026-08-10AdvancedGovernance
「We have taken the results of the 2026 fiscal year-end financial results summary under Japanese GAAP (consolidated), disclosed today, seriously and, in order to clarify management’s responsibility and work toward a recovery in future performance, we hereby announce that the Board of Directors, at its meeting held today, resolved to reduce executive compensation after considering the deliberations of the Nomination and Compensation Committee, as described below.」
Based on deliberations by the Nomination and Compensation Committee, the company resolved to reduce the base compensation of the representative director and president and the representative director and executive vice president by 25%. The reduction will apply for 1 year from October 2026 through September 2027. - FY2025RestatedAnnual report
「Policy on determining fixed compensation: The basic compensation of the company's directors is monthly fixed compensation. The Nomination and Compensation Committee, comprising independent outside officers, deliberates from an objective perspective on compensation for the current fiscal year, taking comprehensive account of such factors as the position, responsibilities and years in office of each director, compensation levels at other companies, the previous fiscal year's performance, targets for the current fiscal year and employee salary levels, and the Board of Directors determines the compensation by resolution.」
The company continues to apply a policy under which the Board of Directors determines compensation following deliberation by the Nomination and Compensation Committee, which comprises independent outside officers. - FY2024First statedAnnual report
「At the Board of Directors meeting held on 13 June 2024, the company also changed its policy for determining the details of individual directors' compensation and other remuneration. The details of the policy for determining the details of individual directors' compensation and other remuneration are as follows. / Policy on determining fixed compensation: The basic compensation of the company's directors is monthly fixed compensation. The Nomination and Compensation Committee, comprising independent outside officers, deliberates from an objective perspective on compensation for the current fiscal year, taking comprehensive account of such factors as the position, responsibilities and years in office of each director, compensation levels at other companies, the previous fiscal year's performance, targets for the current fiscal year and employee salary levels, and the Board of Directors determines the compensation by resolution.」
As of 13 June 2024, the company changed its policy for determining director compensation and explicitly stated that the Board of Directors determines compensation following deliberation by the Nomination and Compensation Committee, which comprises independent outside officers. It also stated that restricted stock compensation is determined based on performance, contribution and other factors.