Executive Compensation Design Combining Fixed, Performance-Linked, and Share-Based Compensation
First written in FY2021. 2 of 5 entries say "Restated". Latest entry: FY2024.
41 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Executive compensation consists of basic compensation, a fixed cash payment made monthly and determined in consideration of performance in the previous fiscal year, and equity compensation intended to be linked to medium- and long-term performance. As a guideline, the proportion of each type of compensation is 85% basic compensation and 15% equity compensation,」
We continue to apply an 85:15 compensation design comprising basic and equity compensation. - FY2023RestatedAnnual report
「Executive compensation consists of basic compensation, a fixed cash payment made monthly and determined in consideration of performance in the previous fiscal year, and equity compensation intended to be linked to medium- and long-term performance. As a guideline, the proportion of each type of compensation is 85% basic compensation and 15% equity compensation,」
We continue to apply an 85:15 compensation design comprising basic and equity compensation. - FY2023-Q2AdvancedAnnual report
「The Company's directors: 3 people Number of stock acquisition rights (units) 3,840 (Note 2) Class, details and number of shares underlying the stock acquisition rights (shares) Common shares 384,000 (Note 3)」
The document states that the 15th series of stock acquisition rights, representing 384,000 underlying shares, will be allocated to 3 directors, marking progress toward the concrete granting of performance-based equity compensation. - FY2022ReframedAnnual report
「Executive compensation consists of basic compensation, a fixed cash payment made monthly and determined in consideration of performance in the previous fiscal year, and equity compensation intended to be linked to medium- and long-term performance. As a guideline, the proportion of each type of compensation is 85% basic compensation and 15% equity compensation,」
The explanation of the compensation design has changed from the previous fiscal year's mix of 70:15:15 in fixed, performance-linked and equity compensation to an 85:15 mix of basic and equity compensation. - FY2021First statedAnnual report
「Total compensation consists of fixed compensation as basic compensation, performance-linked compensation reflecting performance in the fiscal year, and equity compensation intended to be linked to medium- and long-term performance. As a guideline, the proportion of each type of compensation is 70% fixed compensation, 15% performance-linked compensation and 15% equity compensation, with appropriate amounts granted according to each director's position and level of target achievement.」
The company disclosed, for the first time as a standalone topic, a compensation policy combining fixed compensation, performance-linked compensation based on sales and operating profit, and equity compensation through stock options, with a guideline mix of 70:15:15.