Executive Compensation Policy Based Primarily on Fixed Compensation
First written in FY2021. 2 of 6 entries say "Reframed", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2024: 8 of 45 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「Directors' remuneration consists of base compensation as fixed monetary compensation and non-monetary compensation consisting of the Company's own shares as an incentive.」
The Company continues to follow a directors' and officers' remuneration policy that combines an emphasis on base compensation with non-monetary compensation in the form of the Company's own shares on a non-regular basis. - FY2025RestatedAnnual report
「Specifically, directors' remuneration consists of base compensation as fixed monetary compensation and non-monetary compensation consisting of the Company's own shares as an incentive. Because the Company seeks to improve performance and maximize corporate value from a medium- to long-term perspective, it considers it appropriate for directors' remuneration to be structured with an emphasis on base compensation, and therefore provides non-monetary compensation on a non-regular basis.」
The Company continues to follow a directors' and officers' remuneration policy that combines an emphasis on base compensation with non-monetary compensation in the form of the Company's own shares on a non-regular basis. - FY2024Change from a policy centered on fixed compensation to a combination of base compensation and non-regular stock compensationAnnual report
「Specifically, directors' remuneration consists of base compensation as fixed monetary compensation and non-monetary compensation consisting of the Company's own shares as an incentive. Because the Company seeks to improve performance and maximize corporate value from a medium- to long-term perspective, it considers it appropriate for directors' remuneration to be structured with an emphasis on base compensation, and therefore provides non-monetary compensation on a non-regular basis.」
The directors' and officers' remuneration policy was reorganized from the previous explanation, which was based primarily on fixed compensation alone, to a policy combining an emphasis on base compensation with non-monetary compensation in the form of the Company's own shares on a non-regular basis. - FY2023AdvancedAnnual report
「In addition, non-monetary compensation consists of grants of restricted stock intended to enhance corporate value over the medium to long term. The limit is set at no more than ¥100 million per year within the above monetary compensation framework, and no more than 80,000 common shares per year.」
The directors' and officers' remuneration policy has been specified in greater detail, including the process for determining fixed compensation, recommendations from the Nominating and Compensation Committee, and annual and share-number limits for restricted stock compensation. - FY2022ReframedAnnual report
「In addition, non-monetary compensation consists of grants of restricted stock intended to enhance corporate value over the medium to long term. The limit is set at ¥100 million per year within the above monetary compensation framework.」
In addition to the previous policy centered on fixed compensation, the Company positions restricted stock compensation for directors and audit & supervisory board members as non-monetary compensation and sets a maximum amount. - FY2021First statedAnnual report
「The Company's policy regarding the amount of directors' and officers' remuneration and the method of determining it is to set levels appropriate to their roles and responsibilities. Remuneration consists solely of fixed compensation.」
The Company first disclosed its policy of structuring directors' and officers' remuneration solely as fixed compensation and determining it after considering their roles and responsibilities, performance, contributions and trends among peer companies.