Executive Compensation Policy Without Performance-Linked Compensation
First written in FY2019. 4 of 8 entries say "Advanced", first in FY2021-Q1. Latest entry: FY2023.
15 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 June 2022, the company resolved to dispose of treasury shares as restricted stock compensation and completed the payment procedure on 27 July 2022.」
Regarding restricted stock compensation, the company completed the payment procedure on 27 July 2022 and disposed of 100,000 treasury shares for ¥32,700,000 during the fiscal year. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 June 2022, the company resolved to dispose of treasury shares as restricted stock compensation and completed the payment procedure on 27 July 2022.」
Regarding restricted stock compensation, the company reported the disposal of 100,000 treasury shares to 6 directors, excluding outside directors, for a total disposal value of ¥32,700,000, and completion of the payment procedure. - FY2022RestatedAnnual report
「The company has no policy on performance-linked compensation or similar arrangements. However, it has established a compensation framework for granting restricted stock to provide incentives for the sustained enhancement of corporate value and promote greater sharing of value with shareholders.」
While performance-linked compensation has not been introduced, the company continues its restricted stock compensation plan to enhance corporate value and promote value sharing with shareholders. The indicative compensation mix is 9 parts fixed compensation to 1 part non-monetary compensation. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 29 June 2021, the company resolved to dispose of treasury shares as restricted stock compensation, referred to below as the “Treasury Share Disposal” or the “Disposal,” and completed the payment procedure on 28 July 2021.」
Regarding restricted stock compensation, the company completed the payment procedure on 28 July 2021 and disposed of 100,000 treasury shares to 6 directors, excluding outside directors. - FY2021ReframedAnnual report
「At a meeting of the Board of Directors held on 22 February 2021, the company resolved a policy for determining the details of compensation and other benefits for individual directors.」
In addition to introducing restricted stock compensation, the company formally established a policy for determining individual compensation. Although performance-linked compensation has not been introduced, it states that it will continue considering a system incorporating KPIs such as consolidated operating profit. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 June 2020, the company resolved to dispose of treasury shares as restricted stock compensation, referred to below as the “Treasury Share Disposal” or the “Disposal,” and completed the payment procedure on 22 July 2020. [Omitted.] Directors of the company, excluding outside directors: 8; 100,000 shares」
Regarding the restricted stock compensation plan approved in the previous fiscal year, the company reported the disposal of 100,000 treasury shares to 8 eligible directors and completion of the payment procedure. - FY2020ReframedAnnual report
「The company has newly established a compensation framework for granting restricted stock, with the objectives of providing incentives for the sustained enhancement of corporate value and promoting greater sharing of value with shareholders.」
While stating that it has no policy on performance-linked compensation or similar arrangements, the company has newly introduced a restricted stock compensation plan to enhance corporate value and promote value sharing with shareholders. - FY2019First statedAnnual report
「The company has no policy on performance-linked compensation or similar arrangements. However, bonuses for directors are determined by resolution of the Board of Directors, and bonuses for audit & supervisory board members are determined through consultation among those members, taking into account business performance, balance with employee bonuses and other factors.」
The company has no policy on performance-linked compensation or similar arrangements and states that bonuses are determined with consideration given to business performance, balance with employee bonuses and other factors.