Revision of the Executive Compensation System, Including Performance-Linked and Stock-Based Compensation
First written in FY2019. 8 of 16 entries say "Advanced", first in FY2020-Q2. Latest entry: 2026-07-08.
86 other companies' latest entry also says "Advanced".
- FY2026ReframedAnnual report
「The company resolved at a meeting of the Board of Directors held on 24 February 2026 to revise the total compensation and the ratio of fixed to variable compensation for in-house (full-time) directors, and to change the amount of variable compensation linked to company performance, as follows. The revised compensation amounts will apply to executive compensation for directors scheduled to be elected at the 70th Annual General Meeting of Shareholders.」
While maintaining the system using ROE as the metric limiting variable compensation, the company reviewed the total compensation and fixed-to-variable ratio for in-house directors in February 2026 and changed the base and maximum amounts of company performance-linked compensation. - 2026-05-08AdvancedShare Issuance and Disposal
「Regarding the disposal of treasury shares as restricted stock compensation, which was approved at the Board of Directors meeting held on 23 April 2026, we hereby announce that the payment procedures were completed today, as described below.」
譲渡制限付株式報酬として、取締役を兼務しない執行役員6名に対する自己株式4,245株の処分について、払込手続きの完了を開示した。 - FY2025ReframedAnnual report
「Based on its recognition that ensuring a return on capital above the cost of capital is a major management responsibility, the company changed the limiting metric for variable compensation from the previous net income margin to return on equity (ROE). Under the revised criteria, 100% of variable compensation is paid when ROE is 8% or higher. When ROE is below 8%, the amount is determined using the following formula, with ROE represented by X and the payout rate by Y.」
The company changed the metric limiting variable compensation from net income margin to ROE, incorporating return on capital into the compensation system. The revised calculation method applies to compensation for directors elected at the 69th Annual General Meeting of Shareholders. - FY2024AdvancedAnnual report
「For variable compensation based on performance in the current fiscal year, compensation linked to company performance was calculated based on achievement rates of 88% against the revenue target of ¥40,000 million and 109% against the ordinary income target of ¥2,700 million in the earnings forecast.」
In operating the performance-linked compensation system, compensation was calculated using the achievement rates for revenue and ordinary income. For the following fiscal year, the targets were set at revenue of ¥38,000 million and ordinary income of ¥2,200 million, with the calculation formula and cap based on the achievement rate also disclosed. - FY2023AdvancedAnnual report
「For variable compensation based on performance in the current fiscal year, compensation linked to company performance was calculated based on achievement rates of 104% against the revenue target of ¥34,500 million and 124% against the ordinary income target of ¥4,800 million in the earnings forecast.」
Performance-linked compensation was calculated based on achievement rates of 104% for revenue and 124% for ordinary income. The company disposed of 26,109 shares as restricted stock compensation and recorded ¥18.098 million in non-monetary compensation. - FY2022Performance-linked compensation reduced due to an extraordinary lossAnnual report
「For variable compensation based on performance in the current fiscal year, revenue was ¥29,365 million and ordinary income was ¥6,000 million. Based on the recommendation of the Compensation Committee, the Board of Directors resolved to reduce the compensation calculated under the rules because an extraordinary loss had been recorded, cutting the total performance-linked compensation for in-house (full-time) directors by approximately 85%.」
While operating the performance-linked compensation system, the company resolved to reduce total performance-linked compensation for in-house full-time directors by approximately 85% for the fiscal year ended March 2022 because an extraordinary loss had been recorded. - FY2022-Q2AdvancedAnnual report
「Treasury stock decreased by 12,576 shares as a result of the disposal of treasury stock as restricted stock compensation carried out on 13 August 2021.」
As part of operating the executive compensation system, the company disposed of treasury stock for restricted stock compensation on 13 August 2021. Treasury stock decreased by 12,576 shares. - FY2021Decision not to pay variable compensationAnnual report
「For variable compensation based on performance in the current fiscal year, revenue was ¥23,465 million and ordinary income was ¥2,131 million. However, because the company had not disclosed revenue and ordinary income forecasts at the beginning of the fiscal year, the degree of achievement could not be calculated. Following deliberation by the Compensation Committee, also in light of the deterioration in company performance, the committee recommended to the Board of Directors that no variable compensation, including individual evaluation-based compensation, be paid, and the Board resolved accordingly.」
Under the performance-linked compensation system based on revenue and ordinary income, the company resolved not to pay variable compensation for the current fiscal year. - FY2021-Q3RestatedAnnual report
「Treasury stock decreased by 35,572 shares as a result of the disposal of treasury stock as restricted stock compensation carried out on 7 August 2020.」
The company reiterated that it disposed of treasury stock for restricted stock compensation on 7 August 2020. - FY2021-Q2AdvancedAnnual report
「Treasury stock decreased by 35,572 shares as a result of the disposal of treasury stock as restricted stock compensation carried out on 7 August 2020.」
As part of operating the new system, including performance-linked and stock-based compensation, the company disposed of treasury stock for restricted stock compensation on 7 August 2020. Treasury stock decreased by 35,572 shares. - FY2020AchievedAnnual report
「From the current fiscal year, the company has been transitioning its compensation system to a new, balanced system suited to its current circumstances, through consideration of the formulation of basic policies, the setting of compensation levels and the composition and ratios of compensation, and the content of variable compensation and the process for determining evaluations.」
The transition planned in the previous fiscal year to a new executive compensation system including performance-linked compensation, individual performance evaluations and restricted stock compensation was implemented from the current fiscal year. - FY2020-Q3RestatedAnnual report
「Treasury stock decreased by 32,764 shares as a result of the disposal of treasury stock as restricted stock compensation carried out on 8 August 2019.」
The company reiterated its previous disclosure that it disposed of treasury stock as restricted stock compensation on 8 August 2019. - FY2020-Q2AdvancedAnnual report
「Treasury stock decreased by 32,764 shares as a result of the disposal of treasury stock as restricted stock compensation carried out on 8 August 2019.」
The company disclosed that, on 8 August 2019, it disposed of treasury stock as restricted stock compensation under the stock-based compensation plan announced in the previous fiscal year. - FY2019First statedAnnual report
「For executive compensation from the next fiscal year onward, the company is considering the formulation of basic policies, the setting of compensation levels and the composition and ratios of compensation, and the content of variable compensation and the process for determining evaluations, with the aim of transitioning to a balanced compensation system suited to the company's current circumstances. It will transition to a new system and introduce a stock-based compensation plan as a medium- to long-term incentive and to promote greater value sharing with shareholders.」
The company has indicated its policy of transitioning from the next fiscal year onward to a new system that includes variable compensation reflecting company and individual performance, as well as restricted stock compensation.