Executive compensation linked to medium- to long-term corporate value and performance
First written in FY2019. 1 of 9 entries say "Restated". Latest entry: FY2026.
15 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「The target operating profit for the consolidated fiscal year was ¥2,000 million, compared with actual operating profit of ¥2,488 million.」
Against the operating profit target of ¥2,000 million for performance-linked compensation, actual operating profit was ¥2,488 million, changing from a shortfall against the target to exceeding the target. - FY2025Shortfall against target, but improved actual performanceAnnual report
「The target operating profit for the consolidated fiscal year was ¥2,370 million, compared with actual operating profit of ¥1,622 million.」
Actual operating profit for performance-linked compensation was ¥748 million below the target, but improved from ¥700 million in the previous fiscal year. - FY2024Further widening of the shortfall against the performance-linked compensation targetAnnual report
「The target operating profit for the consolidated fiscal year was ¥2,370 million, compared with actual operating profit of ¥700 million.」
Actual operating profit for performance-linked compensation was ¥1,670 million below the target, widening the shortfall from ¥869 million in the previous fiscal year. - FY2023Widening shortfall against the performance-linked compensation targetAnnual report
「The target operating profit for the consolidated fiscal year was ¥2,370 million, compared with actual operating profit of ¥1,501 million.」
Actual operating profit for performance-linked compensation was ¥869 million below the target, widening the shortfall from the ¥235 million shortfall in the previous fiscal year. - FY2022AdvancedAnnual report
「The target operating profit for the consolidated fiscal year was ¥2,370 million, compared with actual operating profit of ¥2,135 million.」
Actual operating profit for performance-linked compensation was ¥235 million below the target, but improved from ¥1,853 million in the previous fiscal year. In addition, a resolution was passed after the filing was submitted to introduce a restricted stock compensation plan. - FY2021Performance-linked compensation target not achievedAnnual report
「The target operating profit for the consolidated fiscal year was ¥2,370 million, compared with actual operating profit of ¥1,853 million.」
Actual operating profit, the metric used for performance-linked compensation, was ¥517 million below the target. - FY2021-Q2RestatedAnnual report
「In preparation for a decline in revenue, we continued to reduce executive compensation and other fixed costs, and worked to reduce costs and restrain spending through every available means, including reviewing new investment projects.」
The company continues to reduce fixed costs and control spending, including reductions in executive compensation and other payments in response to the crisis. - FY2021-Q1Reduction in executive compensation and other payments in response to the crisisAnnual report
「In preparation for a decline in revenue, we reduced executive compensation and other fixed costs, and worked to reduce costs and restrain spending through every available means, including reviewing new investment projects.」
It states that executive compensation and other payments were reduced as a crisis response to declining revenue, separately from the executive compensation policy linked to medium- to long-term corporate value and performance. - FY2019First statedAnnual report
「The company positions its directors' compensation system as a mechanism, based on its basic approach to corporate governance, for taking appropriate risks in order to continuously enhance medium- to long-term group corporate value and achieve sustainable growth」
The company has explicitly stated for the first time its policy of combining fixed compensation, performance-linked compensation tied to annual operating profit and stock-based compensation, with fixed and performance-linked compensation set at 6:4 and cash and stock-based compensation within performance-linked compensation also set at 6:4.