Performance-Linked Executive Compensation and KPI-Linked Policy
First written in FY2022. 3 of 4 entries say "Reframed", first in FY2023. Latest entry: FY2025.
Sun* moved to the "Worse" side of this theme in 2024, 1 year before the typical company in this theme (2025).
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
18 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「At a meeting of the Board of Directors held on 18 February 2026, the company resolved that performance-linked compensation from the 14th fiscal year onward would be paid based on amounts calculated according to the achievement rates for consolidated gross profit, consolidated EBITDA, and individual targets for each fiscal year.」
The performance-linked compensation metrics changed from consolidated revenue and consolidated EBITDA to consolidated gross profit, consolidated EBITDA, and individual targets. For FY2025, the company disclosed consolidated revenue of ¥14,835 million and consolidated EBITDA of ¥1,262 million. - 2026-03-05ReframedGeneral Meetings of Shareholders
「At a meeting of the Board of Directors held on 18 February 2026, the company resolved that performance-linked compensation from the 14th fiscal year onward would be paid based on amounts calculated according to the achievement rates for consolidated gross profit, consolidated EBITDA, and individual targets for each fiscal year.」
The company reported a change adding consolidated gross profit and individual targets to the performance-linked compensation metrics. - FY2023ReframedAnnual report
「At a Board of Directors meeting held on 22 February 2023, the company resolved that, from the 11th fiscal year onward, performance-linked compensation would be paid in cash based on performance indicators (KPIs) to encourage improvement in performance for each fiscal year, with the amount calculated and paid according to the achievement rate against the consolidated revenue and consolidated EBITDA targets for each fiscal year.」
The performance-linked compensation metrics changed from consolidated revenue and consolidated operating profit to consolidated revenue and consolidated EBITDA. For the fiscal year ended December 2023, revenue was ¥12,516 million against a target of ¥12,087 million, and EBITDA was ¥1,969 million against a target of ¥1,351 million. - FY2022First statedAnnual report
「Performance-linked compensation and other remuneration will be paid in cash based on performance indicators (KPIs) to encourage improvement in performance for each fiscal year. A predetermined amount will be paid annually at a specified time as a bonus (pre-determined notification-based salary), according to the achievement rate against the KPI target for each fiscal year.」
The company disclosed its policy on the composition of executive compensation, consisting of base compensation, performance-linked compensation, and non-monetary compensation. For the fiscal year ended December 2022, it stated that consolidated revenue was ¥10.745 billion against a target of ¥11.4 billion, and consolidated operating profit was ¥902 million against a target of ¥1.71 billion.