Performance-linked executive compensation and the Nomination and Compensation Committee
First written in FY2019. 4 of 12 entries say "Restated". Latest entry: FY2026-H1.
- FY2026-H1Decrease in shares held in trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥416 million and 93,600 shares at the end of the previous consolidated fiscal year, and ¥398 million and 89,700 shares at the end of the current interim consolidated accounting period.」
While the performance-linked stock compensation plan continued, the company's shares remaining in the trust decreased from 93,600 to 89,700. - FY2025-H1Increase in shares held in trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥154 million and 28,200 shares at the end of the previous consolidated fiscal year, and ¥416 million and 93,600 shares at the end of the current interim consolidated accounting period.」
While the policy for the performance-linked stock compensation plan remained unchanged, the company's shares remaining in the trust increased from 28,200 to 93,600, and their carrying amount increased from ¥154 million to ¥416 million. - FY2024-Q3Decrease in shares held in trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥182 million and 33,400 shares at the end of the previous consolidated fiscal year, and ¥154 million and 28,200 shares at the end of the third-quarter consolidated accounting period.」
While the policy for the performance-linked stock compensation plan remained unchanged, the company's shares remaining in the trust decreased from 33,400 shares to 28,200 shares. - FY2024-Q2Decrease in shares held in trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥182 million and 33,400 shares at the end of the previous consolidated fiscal year, and ¥154 million and 28,200 shares at the end of the second-quarter consolidated accounting period.」
While the policy for the performance-linked stock compensation plan remained unchanged, the company's shares remaining in the trust decreased from 33,400 shares to 28,200 shares. - FY2024-Q1RestatedAnnual report
「The carrying amount and number of shares of the treasury stock were ¥182 million and 33,400 shares at the end of the previous consolidated fiscal year, and ¥182 million and 33,400 shares at the end of the first-quarter consolidated accounting period.」
The details of the performance-linked stock compensation plan (BBT) continue to be disclosed, and the company's shares remaining in the trust totaled 33,400, unchanged from the end of the previous fiscal year. - FY2023-Q3RestatedAnnual report
「The carrying amount and number of shares of the treasury stock were ¥210 million and 38,500 shares at the end of the previous consolidated fiscal year, and ¥182 million and 33,400 shares at the end of the third-quarter consolidated accounting period.」
The policy and details of the performance-linked stock compensation plan (BBT) continue to be disclosed, and the number of shares held by the trust was 33,400, unchanged from the end of the second quarter. - FY2023-Q2Decrease in shares held in trustAnnual report
「The carrying amount and number of shares of the treasury stock were ¥210 million and 38,500 shares at the end of the previous consolidated fiscal year, and ¥182 million and 33,400 shares at the end of the second-quarter consolidated accounting period.」
While the policy and details of the performance-linked stock compensation plan (BBT) remained unchanged, the company's shares remaining in the trust decreased from 38,500 shares to 33,400 shares. - FY2023-Q1RestatedAnnual report
「Based on a resolution at the 99th Annual General Meeting of Shareholders held on 27 June 2019, the company introduced a performance-linked stock compensation plan (Stock Benefit Trust (BBT)) for directors, excluding outside directors, and executive officers, collectively referred to as “directors, etc.”, with the aim of increasing their awareness of contributing to improved medium- and long-term performance and greater corporate value.」
The purpose and details of the performance-linked stock compensation plan (BBT) for directors, etc. continue to be disclosed. The trust held 38,500 shares, unchanged from the end of the previous fiscal year. - FY2022RestatedAnnual report
「The indicative ratio by type of compensation is base compensation: performance-linked compensation, etc.: non-monetary compensation, etc. = 6:3:1, assuming 100% achievement of the KPIs.」
The company continues to disclose the indicative 6:3:1 ratio for base compensation, performance-linked compensation and stock compensation, as well as the KPIs and deliberation by the Nomination and Compensation Committee. - FY2021AdvancedAnnual report
「The indicative ratio by type of compensation is base compensation: performance-linked compensation, etc.: non-monetary compensation, etc. = 6:3:1, assuming 100% achievement of the KPIs.」
In addition to the existing performance-linked compensation policy, the company specified the composition ratios of fixed compensation, performance-linked bonuses and BBT stock compensation, the KPIs including consolidated operating income and net income, and the deliberation procedures of the Nomination and Compensation Committee. - FY2020-Q3AdvancedAnnual report
「Based on a resolution at the 99th Annual General Meeting of Shareholders held on 27 June 2019, the company introduced a performance-linked stock compensation plan (Stock Benefit Trust (BBT)) from the third quarter of the current consolidated fiscal year. The plan applies to directors, excluding outside directors, and executive officers, collectively referred to as “directors, etc.”, with the aim of increasing their awareness of contributing to improved medium- and long-term performance and greater corporate value.」
The performance-linked executive compensation policy announced in the previous fiscal year was implemented from the third-quarter accounting period through the introduction of a Stock Benefit Trust (BBT) for directors and executive officers. At the end of the fiscal year, the trust held 41,100 shares with a carrying amount of ¥224 million. - FY2019First statedAnnual report
「Executive compensation consists of base compensation and performance-linked bonuses, with the aim of providing incentives for sustainable growth. Compensation is determined by comprehensively taking into account responsibilities, medium- and long-term performance, and past payment levels, among other factors.」
The company set out a policy of structuring executive compensation as base compensation and performance-linked bonuses, linked to year-on-year changes in consolidated operating income and consolidated net income. Director compensation is determined by the Board of Directors after deliberation by the Nomination and Compensation Committee, which has a majority of outside directors.