Performance- and Share Price-Linked Executive Compensation System
First written in FY2019. 1 of 4 entries say "Restated". Latest entry: FY2022.
5 other companies' latest entry also says "Raised".
- FY2022RaisedAnnual report
「For the compensation structure of executive directors from the following fiscal year, the indicative mix will be monthly compensation: 5, bonuses: 4 and share-based compensation: 1. Individual bonus amounts will vary between 40% and 160%, with 100% as the standard amount and consolidated performance and individual evaluations applied according to the director's role.」
The Company decided to change the indicative mix of fixed compensation, bonuses and share-based compensation from 60:30:10 to 50:40:10 from the following fiscal year, and to expand the bonus range to 40%-160%. - FY2021AdvancedAnnual report
「Bonuses are determined based primarily on consolidated operating profit as an evaluation indicator, with individual payment amounts determined through a 5-point evaluation that comprehensively considers the contribution to achieving the plan and ESG initiatives.」
While maintaining the existing mix of fixed, performance-linked and share-based compensation, the Company has expressly stated a system under which ESG initiatives are incorporated into bonus evaluations and a 5-point evaluation is conducted using consolidated operating profit as the primary evaluation indicator. - FY2020RestatedAnnual report
「The compensation structure for directors, excluding outside directors and non-executive directors, comprises fixed compensation as consideration for day-to-day execution of duties, performance-linked compensation based on single-year results and the degree of achievement of management plans, and share-based compensation, which enables directors to share with shareholders the benefits and risks of share price movements and enhances their contribution to improving medium- to long-term performance and corporate value.」
The compensation structure combining fixed compensation, performance-linked compensation and share-based compensation remains in place. The indicative total compensation mix is 60% fixed compensation, 30% bonuses and 10% share-based compensation. - FY2019First statedAnnual report
「The compensation structure for directors, excluding outside directors and non-executive directors, comprises fixed compensation as consideration for day-to-day execution of duties, performance-linked compensation based on single-year results and the degree of achievement of management plans, and share-based compensation, which enables directors to share with shareholders the benefits and risks of share price movements and enhances their contribution to improving medium- to long-term performance and corporate value.」
The Company combines fixed compensation, single-year performance-linked compensation and share-based compensation, with an indicative total compensation mix of 60% fixed compensation, 30% bonuses and 10% share-based compensation. It also states that 0.1% of consolidated operating profit is an indicative level for the compensation of the representative director and president.