Operation of Performance-Linked Compensation and Executive Compensation by the Remuneration Committee
First written in FY2022. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
65 other companies' latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The initial forecast for consolidated operating profit for the consolidated fiscal year was ¥700 million, while actual operating profit was ¥766 million. Although results exceeded the forecast, no performance-linked compensation or similar compensation was paid for the fiscal year because the business had only recently recovered and profitability needed to be improved further.」
Although operating profit used to assess performance-linked compensation exceeded the initial forecast, no performance-linked compensation was paid for the fiscal year because the business had only recently recovered and profitability needed to improve further. - FY2022First statedAnnual report
「Performance-linked compensation is generally paid once a year in December. It is determined based on the degree of achievement against the publicly disclosed target for consolidated operating profit, taking into account special factors for the relevant fiscal year, such as non-operating income and expenses and extraordinary income and losses, with the aim of increasing responsibility and awareness regarding the achievement of performance targets.」
The Company has disclosed a policy for performance-linked compensation for directors, in addition to base compensation, taking into account factors including the degree of achievement of the consolidated operating profit target. It has also established a framework for determining individual compensation based on recommendations from a Compensation Committee composed mainly of outside directors.