Policy for Determining Director Compensation Linked to Shareholder Returns
First written in FY2021. 4 of 5 entries say "Advanced", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2020: 5 of 26 companies on the "Worse" side.
18 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Performance-linked compensation and other amounts are calculated based not only on the achievement of the consolidated operating profit target, but also by taking into account the balance with employee compensation and shareholder returns. The group's consolidated operating profit for the fiscal year was ¥1,954 million.」
The company applied its performance-linked compensation system based on consolidated operating profit to FY2025 actual operating profit of ¥1,954 million and is administering it through the Compensation Committee and the Board of Directors. - FY2024AdvancedAnnual report
「Specifically, the compensation of executive directors comprises fixed base compensation, performance-linked compensation and non-monetary compensation in the form of stock options. In view of their duties, outside directors who perform supervisory functions receive base compensation only.」
The company revised its compensation policy on 27 June 2024, specifying a structure comprising base compensation, bonuses based on consolidated operating profit and stock options. Consolidated operating profit for FY2024 was disclosed as ¥1,940 million. - FY2023AdvancedAnnual report
「The performance measure selected as the basis for calculating performance-linked compensation and other amounts is the operating profit of the group in each fiscal year. This measure was selected to heighten awareness of improving performance in each fiscal year and to clearly reflect core operating performance in light of the company's business activities. The group's operating profit for the fiscal year was ¥1,750 million.」
The company disclosed its policy of using operating profit as the performance measure for calculating performance-linked director compensation, as well as FY2023 operating profit of ¥1,750 million. - FY2022AdvancedAnnual report
「Specifically, the compensation of executive directors comprises base compensation and performance-linked compensation. In view of their duties, outside directors who perform supervisory functions receive base compensation only.」
The company disclosed a director compensation policy linked to shareholder interests, specifically comprising base compensation, performance-linked compensation based on operating profit and base compensation for outside directors. - FY2021First statedAnnual report
「The company's director compensation structure is linked to shareholder interests so that it functions fully as an incentive for the sustainable enhancement of corporate value. As a basic policy, the compensation of each director is set at an appropriate level after comprehensively considering the director's position and responsibilities.」
By a resolution of the Board of Directors dated 26 March 2021, the company first expressly disclosed its policy for determining director compensation, comprising base compensation and performance-linked compensation based on operating profit.