Executive Compensation System Linked to Medium- to Long-Term Performance and Shareholder Value
First written in FY2017. 9 of 12 entries say "Advanced", first in FY2018-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
33 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Variable compensation = consolidated profit before income taxes × 1.75% × each director's points ÷ total director points」
The Company has reconfirmed its policy for calculating performance-linked compensation based on profit before income taxes, payment of dividends, achievement of the earnings forecast and an operating profit margin of 15% or more. - FY2026-H1AdvancedAnnual report
「The calculation method for performance-linked compensation for the fiscal year ending March 2026 was resolved as follows at a meeting of the Board of Directors held on 24 June 2025.」
For performance-linked compensation for the fiscal year ending March 2026, the payment conditions have been specified as consolidated profit before income taxes, payment of dividends, achievement of the earnings forecast and an operating profit margin of 15% or more, with a ¥20 million cap. - FY2024AdvancedAnnual report
「At a meeting of the Board of Directors held on 25 June 2024, the Company resolved to dispose of treasury shares as restricted stock compensation.」
The Company resolved to dispose of 100,000 common shares to 1 executive director responsible for business execution and 5 executive officers as restricted stock compensation. The link to medium- to long-term performance and corporate value continues. - FY2023-Q1AdvancedAnnual report
「As of 8 July 2022, the issuance of new shares as restricted stock compensation increased the total number of shares issued by 90,000.」
For restricted stock compensation, 90,000 new shares were issued, giving concrete form to the operation of the plan. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 23 June 2022, the Company resolved to issue new shares as restricted stock compensation.」
The Company resolved, after the filing date, to issue 90,000 common shares as restricted stock compensation intended to link compensation to medium- to long-term performance and shareholder value. - FY2022-Q3AdvancedAnnual report
「Resolution to issue subscription rights to shares (paid stock acquisition rights linked to share-price commitments) (November)」
The Company resolved to issue paid stock acquisition rights linked to share-price commitments to its officers, adding a compensation and incentive measure intended to link rewards to shareholder value. - FY2021AdvancedAnnual report
「Variable compensation = consolidated profit before income taxes × 1.75% × each director's points ÷ total director points」
For performance-linked compensation, the Company specified a calculation formula based on consolidated profit before income taxes and a ¥10 million cap, and recorded ¥10 million for the fiscal year. ¥18.460 million was also recorded for restricted stock compensation. - FY2021-Q2RestatedAnnual report
「Disposition of treasury shares as restricted stock compensation (July)」
Treasury shares were disposed of under the restricted stock compensation plan, which remains in operation. - FY2020-Q2AdvancedAnnual report
「Disposition of treasury shares as restricted stock compensation (July)」
Treasury shares were disposed of as restricted stock compensation intended to link compensation to medium- to long-term performance and shareholder value. - FY2019AdvancedAnnual report
「The performance-linked compensation metric for the fiscal year was net income attributable to owners of the parent, with actual results of ¥280.818 million.」
For performance-linked compensation, net income attributable to owners of the parent is used as the metric, and ¥7.211 million in compensation based on results for the year was recorded. ¥4.446 million was also recorded for restricted stock compensation. - FY2018-Q2AdvancedAnnual report
「• Disposition of treasury shares as restricted stock compensation (July)」
Following the introduction of the restricted stock compensation plan, treasury shares were disposed of under the plan. - FY2017First statedAnnual report
「The company has introduced a compensation plan under which restricted stock is granted to executive directors and executive officers. The plan is intended to reflect the medium- to long-term performance and risks required under the Corporate Governance Code in compensation, provide incentives for the sustainable enhancement of corporate value, and promote greater value sharing with shareholders.」
The company introduced a restricted stock compensation plan for executive directors and executive officers to share medium- to long-term performance, risks and shareholder value. The annual cap on compensation grants is ¥36 million.