Performance-linked executive compensation and stock-based compensation aimed at achieving the medium-term management plan
First written in FY2017. 3 of 9 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 42 companies on the "Worse" side.
26 other companies' latest entry also says "Other".
- FY2026Continued non-payment of performance-linked compensationAnnual report
「Payment is made by setting an additional rate according to profit, subject to net income attributable to owners of the parent for the previous consolidated fiscal year being at least ¥150 million, and adding the amount calculated by applying that rate to basic compensation to the following year's monthly fixed compensation. No payment was made for the current consolidated fiscal year because net income attributable to owners of the parent for the previous consolidated fiscal year was ¥90 million.」
The threshold for performance-linked compensation was set at net income attributable to owners of the parent of at least ¥150 million. No payment was made for the current fiscal year because the previous year's result was ¥90 million. - FY2024Continued non-payment of performance-linked compensationAnnual report
「Although net income attributable to owners of the parent for the previous fiscal year was ¥460 million, no payment was made because the Board of Directors resolved in June 2023 not to implement performance-linked compensation, as operating income and ordinary income were both in the red.」
Although net income for the previous fiscal year was ¥460 million, no performance-linked compensation was paid for the current fiscal year because operating income and ordinary income were both in the red. - FY2020RestatedAnnual report
「In addition to the fixed basic compensation paid in cash, we have introduced a performance-linked compensation structure to motivate achievement of the medium-term management plan, using net income attributable to owners of the parent for the previous fiscal year as the performance metric and varying the compensation in line with it. Performance-linked compensation is limited to no more than 30% of the total of fixed cash compensation and compensation paid through stock options.」
The policy of combining compensation linked to income attributable to owners of the parent with stock options, with the performance-linked component limited to no more than 30% of the total, has been reaffirmed. No Board of Directors resolution was passed on performance-linked compensation for the current fiscal year because the threshold was not met. - FY2020-Q2AdvancedAnnual report
「Number of stock acquisition rights (units)* 143 (Note 1) Class, description and number of shares underlying the stock acquisition rights (shares)* Common shares 14,300 (Note 1)」
Based on a resolution dated 26 June 2019, 143 stock acquisition rights, representing 14,300 underlying shares, were issued to 3 directors. This constitutes a specific instance of performance-linked and stock-based compensation being implemented. - FY2019No Performance-Based Compensation PaidAnnual report
「The specific amount is determined by the Board of Directors after prior consultation with the Audit and Supervisory Committee, but no resolution was passed by the Board of Directors for the current fiscal year because the performance metric did not meet the required threshold.」
The performance-linked compensation structure intended to motivate achievement of the medium-term management plan has been maintained, but no Board of Directors resolution was passed during the current fiscal year because the performance metric did not meet the required threshold. - FY2019-Q2AdvancedAnnual report
「Number of stock acquisition rights (units)* 175 (Note 1) Class, description and number of shares underlying the stock acquisition rights (shares)* Common shares 17,500 (Note 1)」
Based on a resolution dated 27 June 2018, 175 stock acquisition rights, representing 17,500 underlying shares, were issued to 4 directors and 2 executive officers. The exercise period runs from 24 July 2018 to 23 July 2043. - FY2018RestatedAnnual report
「In addition to the fixed basic compensation paid in cash, we have introduced a performance-linked compensation structure that varies according to net income attributable to owners of the parent for the previous fiscal year, with the aim of motivating achievement of the medium-term management plan. Performance-linked compensation is limited to no more than 30% of the total of fixed cash compensation and compensation paid through stock options, and the specific amount is determined by the Board of Directors.」
The policy of combining compensation linked to income attributable to owners of the parent for the previous fiscal year with stock options to motivate achievement of the medium-term management plan has been reiterated. - FY2018-Q2AdvancedAnnual report
「The stock acquisition rights issued during the second quarter accounting period are as follows.」
In connection with the existing stock-based compensation policy, 169 stock acquisition rights, representing 16,900 underlying shares, were issued. The exercise period runs from 1 August 2017 to 31 July 2042. - FY2017First statedAnnual report
「In addition to the fixed basic compensation paid in cash, we have introduced a performance-linked compensation structure that varies according to net income attributable to owners of the parent for the previous fiscal year, with the aim of motivating achievement of the medium-term management plan. Performance-linked compensation is limited to no more than 30% of the total of fixed cash compensation and compensation paid through stock options, and the specific amount is determined by the Board of Directors.」
The policy on executive compensation combines compensation linked to income attributable to owners of the parent for the previous fiscal year with stock options to motivate achievement of the medium-term management plan.