Determination of Director and Executive Officer Compensation by the Compensation Committee
First written in FY2018. 4 of 7 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026RestatedAnnual report
「During the fiscal year, the Nomination and Compensation Committee comprised 3 members: an outside director, an outside director serving as an Audit and Supervisory Committee member, and the director serving as chair of the Board of Directors. Fujita Tsutomu (藤田 勉) serves as chair.」
The Nomination and Compensation Committee continues to comprise 3 members, including outside directors, and to review the policies for director nominations and compensation, bonuses and succession plans. - FY2025AdvancedAnnual report
「During the fiscal year, the company held the Nomination and Compensation Committee in accordance with a predetermined schedule and as necessary from time to time, for a total of 7 meetings.」
The company stated that the Nomination and Compensation Committee held 7 meetings during the fiscal year and comprised 3 members, mainly outside directors and outside directors serving as Audit and Supervisory Committee members, with independent outside directors constituting a majority. - FY2024AdvancedAnnual report
「For the fiscal year ended March 2024, the Nomination and Compensation Committee comprised 5 members, appointed by resolution of the Board of Directors: outside directors, the representative director and president, and the director serving as chair of the Board of Directors. Uno Soichiro (宇野 総一郎) serves as chair.」
The company disclosed that the Nomination and Compensation Committee comprised 5 members, held 4 meetings during the fiscal year ended March 2024, and had full attendance at all 4 meetings. It also stated a policy of targeting a 1:1:1 ratio for fixed compensation, cash bonuses and share-based compensation. - FY2023AdvancedAnnual report
「The compensation structure for the company’s directors is designed to realize the company’s mission and motivate sustained growth in corporate value. Compensation levels are competitive relative to those in competing industries in order to attract and retain capable personnel. In addition to fixed compensation, the structure comprises fixed compensation and performance-linked compensation, consisting of cash and share bonuses, to provide incentives for short-term performance and medium- to long-term growth in corporate value.」
The company operates a compensation structure combining fixed compensation with cash and share bonuses. During the fiscal year, it recorded ¥678 million in performance-linked compensation, of which ¥271 million was non-monetary compensation. - FY2022AdvancedAnnual report
「Although it had not been introduced as of the fiscal year ended March 2022, the company will introduce cash bonuses as performance-linked compensation from the fiscal year ending March 2023, with the aim of increasing incentives to generate profits each fiscal year.」
The company formalized its policy of introducing cash bonuses based on annual performance from the fiscal year ending March 2023, in addition to its existing fixed and share-based compensation. - FY2019RaisedAnnual report
「The company has established a Nomination and Compensation Committee as a voluntary advisory body to the Board of Directors, with a view to determining fairly the appointment and dismissal of directors and executive officers, as well as their compensation. The Nomination and Compensation Committee comprises Hori Koichi (堀 紘一), Yamakawa Takayoshi (山川 隆義), Naka Tadashi (那珂 正), Uchida Shigenobu (内田 成宣) and Uno Soichiro (宇野 総一郎), with outside directors constituting a majority.」
The scope was expanded from the former Compensation Committee to a Nomination and Compensation Committee, which also handles the appointment and dismissal of directors and executive officers. Outside directors constitute a majority of its members. - FY2018First statedAnnual report
「The company has established a Compensation Committee as a voluntary advisory body to the Board of Directors, with a view to determining compensation for directors and executive officers fairly.」
A Compensation Committee has been established as a voluntary advisory body to the Board of Directors to ensure the fair determination of director and executive officer compensation.