Executive Compensation Policy Based Primarily on Fixed Pay
First written in FY2021. 2 of 6 entries say "Achieved", first in FY2025. Latest entry: 2026-08-14.
The whole theme swung hardest in 2024: 8 of 45 companies on the "Worse" side.
7 other companies' latest entry also says "Achieved".
- 2026-08-14AchievedShare Issuance and Disposal
「Regarding the disposal of treasury shares as restricted stock compensation announced in our notice dated 17 July 2026, “Notice Regarding Disposal of Treasury Shares as Restricted Stock Compensation,” we hereby announce that the payment procedures have been completed today, as follows.」
Disclosed completion of the payment procedures for the disposal of treasury shares as restricted stock compensation. The number of shares disposed of was 2,048. - FY2026AdvancedAnnual report
「The decrease in “Other” during the current fiscal year was attributable to the disposal of treasury shares as restricted stock remuneration for the company's directors, excluding outside directors, pursuant to the resolution of the Board of Directors meeting held on 11 July 2025, involving 2,050 shares with a total disposal value of ¥4,294,750.」
Following the resolution to introduce the restricted stock remuneration plan, 2,050 treasury shares were actually disposed of as stock-based remuneration for directors. - 2026-07-17AdvancedShare Issuance and Disposal
「Based on the recommendation of the Nomination and Compensation Committee, the Board of Directors, at its meeting held today, resolved to grant aggregate monetary compensation claims of ¥4,298,752 to 5 eligible directors after considering the purpose of this plan, the company's performance and other relevant factors. At the same meeting, the Board resolved to dispose of 2,048 common shares by having the 5 eligible directors designated as the intended allottees contribute all of their monetary compensation claims against the company as property contributed in kind under this plan.」
Under the restricted stock compensation plan approved in FY2025, the company resolved to grant monetary compensation claims to 5 eligible directors and dispose of 2,048 treasury shares, moving the plan into implementation. - FY2025AchievedAnnual report
「Within the existing remuneration limits, the company has resolved to introduce a restricted stock remuneration plan for its directors, excluding outside directors, and to set the remuneration limit allocated for the grant of restricted shares to directors as follows.」
Following consideration of non-monetary remuneration, the restricted stock remuneration plan was approved at the annual general meeting of shareholders held on 11 July 2025. Annual remuneration was set at no more than ¥20 million and 4,000 shares for directors, and no more than ¥2 million and 300 shares for directors who are Audit and Supervisory Committee members. - FY2024Considering the introduction of non-monetary remunerationAnnual report
「During the current fiscal year, the committee held all 4 of its meetings to discuss the future approach to executive remuneration, the introduction of non-monetary remuneration, and the appropriateness of remuneration levels in the current roles, and submitted its recommendations to the Board of Directors.」
While maintaining a policy based primarily on fixed remuneration, the Nomination and Remuneration Committee discussed introducing non-monetary remuneration and submitted its recommendations to the Board of Directors. - FY2021First statedAnnual report
「Directors' remuneration is paid as fixed monetary compensation. Our basic policy is to provide remuneration at an appropriate level based on each director's responsibilities, enabling directors to concentrate on their duties by providing minimum stability in their livelihoods, while establishing a remuneration structure linked to shareholder returns as an incentive to achieve sustained growth in corporate value.」
The Board of Directors resolved the policy for determining individual director remuneration, setting fixed remuneration as the basis while providing for a link to shareholder returns.