Policy for Determining Director Compensation, Including Performance-Linked Compensation
First written in FY2021. 3 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 4 of 31 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Performance-linked compensation and similar payments are cash compensation reflecting performance indicators (KPIs) to raise awareness of improving performance in each fiscal year. The amount calculated according to the degree of achievement against the operating profit target for each fiscal year is paid as variable compensation (monetary compensation) together with the base compensation for the following fiscal year.」
The policy of determining performance-based compensation based on the achievement of operating profit targets remains in place. - FY2024RestatedAnnual report
「Performance-linked compensation and similar payments are cash compensation reflecting performance indicators (KPIs) to raise awareness of improving performance in each fiscal year. The amount calculated according to the degree of achievement against the operating profit target for each fiscal year is paid as variable compensation (monetary compensation) together with the base compensation for the following fiscal year.」
Continues to describe the policy for determining performance-linked compensation reflecting the degree of achievement of the operating profit target. - FY2023RestatedAnnual report
「Performance-linked compensation and similar payments are cash compensation reflecting performance indicators (KPIs) to raise awareness of improving performance in each fiscal year. The amount calculated according to the degree of achievement against the operating profit target for each fiscal year is paid as variable compensation (monetary compensation) together with the base compensation for the following fiscal year.」
Continues to describe the policy for determining performance-linked compensation reflecting the degree of achievement of the operating profit target. - FY2021First statedAnnual report
「The basic policy is to establish a compensation structure for the Company's directors, excluding directors who are Audit and Supervisory Committee members (the same applies below), that functions sufficiently as an incentive to achieve sustained growth in corporate value, and to set compensation for each director at an appropriate level based on the director's responsibilities. Performance-linked compensation and similar payments are cash compensation reflecting performance indicators (KPIs) to raise awareness of improving performance in each fiscal year. The amount calculated according to the degree of achievement against the operating profit target for each fiscal year is paid as variable compensation (monetary compensation) together with the base compensation for the following fiscal year.」
At a meeting of the Board of Directors held on 12 March 2021, the Company established a policy for determining directors' compensation consisting of fixed compensation and performance-linked compensation reflecting the degree of achievement of the operating profit target.