Performance-linked directors’ compensation tied to consolidated ordinary profit
First written in FY2019. 1 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 16 companies on the "Worse" side.
49 other companies' latest entry also says "Other".
- FY2026Consolidated ordinary profit falls below the initial forecastAnnual report
「The initial forecast for consolidated ordinary profit, the performance-linked compensation metric for the fiscal year, was ¥1,364 million, compared with actual consolidated ordinary profit of ¥1,287.483 million.」
Consolidated ordinary profit, the performance-linked compensation metric, was ¥1,287.483 million, compared with the initial forecast of ¥1,364 million. - FY2022Consolidated ordinary profit falls below the initial forecastAnnual report
「The initial forecast for consolidated ordinary profit, the metric used for performance-linked compensation for the fiscal year, was ¥1,104.546 million, while actual consolidated ordinary profit was ¥1,055.077 million.」
Disclosed that actual consolidated ordinary profit, the metric for performance-linked compensation, fell below the initial forecast. - FY2020RestatedAnnual report
「The initial forecast for consolidated ordinary profit, the metric used for performance-linked compensation for the fiscal year, was ¥710.023 million, while actual consolidated ordinary profit was ¥715.543 million.」
Continued the compensation calculation policy, disclosing the forecast and actual consolidated ordinary profit figures used as the metric for performance-linked compensation. - FY2019First statedAnnual report
「Directors’ compensation consists of fixed compensation and performance-linked compensation. Performance-linked compensation is paid up to the amount by which actual consolidated ordinary profit exceeds the initial forecast by more than a specified percentage, after taking future investments and other factors into consideration.」
For the first time, explicitly stated a calculation policy under which directors’ compensation consists of fixed and performance-linked compensation, with performance exceeding the consolidated ordinary profit forecast serving as the basis.