Executive Compensation Decisions by a Voluntary Compensation Committee Including Outside Officers
First written in FY2017. 4 of 8 entries say "Restated". Latest entry: FY2026.
Himacs moved to the "Worse" side of this theme in 2026, 1 year after the typical company in this theme (2025).
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
7 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The approximate proportions of each director's total compensation are targeted at Basic Compensation:Bonuses:Share-Based Compensation = 57%:30%:13%.」
The target compensation mix changed from Basic Compensation:64%, Bonuses:23% and Share-Based Compensation:13% to Basic Compensation:57%, Bonuses:30% and Share-Based Compensation:13%. While increasing the weighting of bonuses, the company continued to use a performance-linked calculation method based on 80% financial evaluation and 20% non-financial evaluation, with achievement factors ranging from 37.5% to 125%. - FY2024RestatedAnnual report
「The targets and actual results for consolidated net sales and consolidated operating profit for the fiscal year ended March 2024 were as follows. Consolidated net sales (¥100 million): ¥18,150 million target, ¥17,360 million actual. Consolidated operating profit (¥100 million): ¥1,680 million target, ¥1,720 million actual.」
The company continued its compensation policy of using consolidated net sales and consolidated operating profit as financial evaluation criteria, and disclosed that for FY2024, net sales fell short of the target while operating profit exceeded it. - FY2023RestatedAnnual report
「The targets and actual results for consolidated net sales and consolidated operating profit for the fiscal year ended March 2023 were as follows. Consolidated net sales (¥100 million) Target: ¥17,750 million Actual: ¥17,330 million Consolidated operating profit (¥100 million) Target: ¥1,770 million Actual: ¥1,830 million」
The company disclosed its policy of using consolidated net sales and consolidated operating profit in compensation calculations, together with the targets and actual results for the fiscal year ended March 2023. Net sales fell short of the target, while operating profit exceeded it. - FY2022AdvancedAnnual report
「In determining the amount of each director's individual bonus, the Board of Directors sets consolidated net sales and consolidated operating profit, as well as corresponding segment-level indicators for each director's division, as financial evaluation criteria. It also sets the degree of contribution to strategic initiatives that are difficult to measure using financial figures, among other criteria, as non-financial evaluation criteria. A standard evaluation amount is set according to each director's position and responsibilities, allocated 80% to financial criteria and 20% to non-financial criteria. For financial criteria, the amount is determined by multiplying the allocated standard evaluation amount by a factor of 37.5% to 125% based on achievement of each criterion. For non-financial criteria, the amount is determined by multiplying the allocated standard evaluation amount by a factor of 0% to 125%.」
In addition to ensuring transparency and fairness through the Compensation Committee, the company specified the calculation method for bonuses, with 80% based on financial evaluation and 20% on non-financial evaluation, and achievement factors ranging from 37.5% to 125%. - FY2021ReframedAnnual report
「Compensation and other benefits for directors, excluding outside directors (the same applies below to bonuses and share-based compensation), consist of Basic Compensation, a monthly fixed amount that provides income stability; Bonuses, annual incentive compensation determined for each fiscal year based on the company's performance, the business environment, and each director's individual role and performance; and Share-Based Compensation, a medium- to long-term incentive. The approximate proportions of each director's total compensation are targeted at Basic Compensation:Bonuses:Share-Based Compensation = 64%:23%:13%.」
The company made its compensation system more specific, moving beyond ensuring transparency and fairness through the Compensation Committee to a three-tier structure of basic compensation, bonuses and share-based compensation, with target proportions of 64%, 23% and 13% and a determination policy linked to performance and roles. - FY2019RestatedAnnual report
「To ensure transparency and fairness in director compensation, a voluntary Compensation Committee comprising at least half independent outside officers prepares draft individual compensation proposals in accordance with the Executive Compensation Regulations, and the Board of Directors discusses and determines the compensation.」
The company continues to use a system under which the Board of Directors determines compensation based on proposals from a voluntary Compensation Committee comprising at least half independent outside officers. - FY2018RestatedAnnual report
「To ensure transparency and fairness in director compensation, the Board of Directors discusses and determines compensation based on proposals from a voluntary Compensation Committee comprising at least half outside officers, in accordance with the Executive Compensation Regulations.」
The company continues to use a system under which the Board of Directors determines compensation based on proposals from a voluntary Compensation Committee comprising at least half outside officers. - FY2017First statedAnnual report
「To ensure transparency and fairness in director compensation, the Board of Directors discusses and determines compensation based on proposals from a voluntary Compensation Committee comprising at least half outside officers, in accordance with the Executive Compensation Regulations.」
The company described a policy under which a voluntary Compensation Committee comprising at least half outside officers is established to ensure transparency and fairness in executive compensation, with the Board of Directors making the final determination based on the committee's proposals.