Reduction of Executive Compensation in Response to Deteriorating Business Performance
First written in FY2022. 2 of 3 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 8 of 45 companies on the "Worse" side.
26 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「To clarify management's responsibility for the difficult business performance in the current fiscal year, the company reduced executive compensation from May 2025 through June 2025. Monthly compensation was reduced by 30% for the representative director and 20% for directors.」
In response to difficult business performance, the company reduced compensation from May through June 2025 by 30% for the representative director and 20% for directors. - FY2023RestatedAnnual report
「To clarify management's responsibility for the difficult business performance in the current fiscal year, the company reduced executive compensation from February 2023 through June 2023. Monthly compensation was reduced by 30% for the representative director, 20% for directors and 10% for outside directors.」
In response to difficult business performance, the company reduced compensation by 30% for the representative director, 20% for directors and 10% for outside directors. - FY2022First statedAnnual report
「To clarify management's responsibility for the difficult business performance in the current fiscal year, the company reduced executive compensation from February 2022 through June 2022. Monthly compensation was reduced by 30% for the representative director, 20% for directors and 10% for outside directors, while the full-time audit & supervisory board member voluntarily relinquished 10% of monthly compensation.」
In response to difficult business performance, the company reduced compensation from February through June 2022 by 30% for the representative director, 20% for directors and 10% for outside directors, while the full-time audit & supervisory board member voluntarily relinquished 10%.