Revision to the Performance-Linked Executive Compensation System
First written in FY2020. 6 of 11 entries say "Advanced", first in FY2021. Latest entry: 2026-07-28.
The whole theme swung hardest in 2020: 5 of 26 companies on the "Worse" side.
18 other companies' latest entry also says "Advanced".
- FY2026Bonuses calculated using performance metrics excluding costs related to overbillingAnnual report
「For the fiscal year under review, the ¥3,208 million compensation payment arising from the overbilling of customers for products by a group company in the fiscal year ended March 2025 was recorded as an extraordinary loss. In light of this, the amount was deducted from the performance metric. As a result, the actual performance metric for the fiscal year under review was ¥11,460 million.」
It was specified that the performance metric for performance-linked bonuses would be calculated after deducting the ¥3,208 million compensation payment related to the overbilling incident. - FY2026-H1AdvancedAnnual report
「The total number of issued shares increased by 4,576, and both stated capital and the capital reserve increased by ¥9 million, respectively, through the issuance of new shares as restricted stock compensation, with 22 July 2025 as the payment date.」
4,576 new shares were issued as restricted stock compensation, increasing both stated capital and the capital reserve by ¥9 million, respectively. - FY2025-H1AdvancedAnnual report
「Through the issuance of new shares as restricted stock compensation, with 25 July 2024 as the payment date, the total number of shares issued increased by 6,750, while capital stock and the capital surplus reserve each increased by ¥17 million.」
As restricted stock compensation, 6,750 new shares were issued and allocated to a total of 12 directors and executive officers. - FY2024-Q1AdvancedAnnual report
「The number of shares increased by 7,500 on 21 July 2023 through the issuance of new shares as restricted stock compensation, as resolved at the Board of Directors meeting held on 23 June 2023.」
Under the restricted stock compensation system, 7,500 new shares were issued pursuant to a resolution of the Board of Directors. - FY2023ReframedAnnual report
「The compensation of directors and senior management consists of base compensation as fixed compensation, and bonuses and stock-based compensation as variable compensation linked to performance.」
The system changed from one consisting of base compensation and bonuses to one consisting of base compensation, bonuses, and stock-based compensation, including restricted stock. The ratios upon achievement of the ¥12 billion final-year performance metric for fiscal 2023 through fiscal 2025 were set at 65% to 75% for base compensation, 20% to 28% for bonuses, and 5% to 7% for stock-based compensation. - FY2022Performance metric for performance-linked compensation updatedAnnual report
「The performance metric for the bonus calculation formula is the combined total of consolidated operating income and net financial income, serving as an incentive to achieve the medium-term management targets. The coefficients in the bonus calculation formula are set according to whether the individual also serves as a director and the rank of the executive officer, with higher ranks assigned larger coefficients. The actual performance metric for fiscal 2021 was ¥7.996 billion.」
The metric and calculation method for performance-linked compensation continued to be disclosed, and the actual performance metric for fiscal 2021 was ¥7.996 billion. - FY2021AdvancedAnnual report
「The performance metric for the bonus calculation formula is the combined total of consolidated operating income and net financial income, serving as an incentive to achieve the medium-term management targets. The actual performance metric for fiscal 2020 was ¥9.979 billion.」
For the performance-linked compensation system, the mechanism using the combined total of consolidated operating income and net financial income as the metric, together with the actual fiscal 2020 metric of ¥9.979 billion, was disclosed. - FY2020First statedAnnual report
「Bonuses will strongly reflect consolidated performance for each fiscal year so as to provide an incentive to achieve the medium-term management targets. The bonus calculation formula will be designed so that, if the consolidated operating income target of ¥8 billion for the final fiscal year of the medium-term management plan, fiscal 2022, is achieved, bonuses will account for 15% to 20% of the compensation of directors responsible for business execution and senior management.」
Effective 27 March 2020, the compensation system was revised to establish a bonus calculation formula based on the combined total of consolidated operating income and net financial income, with bonuses accounting for 15% to 20% of compensation when operating income of ¥8 billion is achieved in fiscal 2022.