Introduction of performance-linked compensation and abolition of the executive retirement bonus system
First written in FY2019. 2 of 9 entries say "Cited as achieved", first in FY2020-Q2. Latest entry: FY2025.
Kawakami Paint Manufacturing moved to the "Worse" side of this theme in 2026.
0 other companies' latest entry also says "Softened".
- FY2025SoftenedAnnual report
「The amount of performance-linked compensation is calculated at a payment rate of 0% to 100% according to the degree of achievement against the target consolidated ordinary income set at the beginning of the fiscal year, subject to a cap of 20% of fixed compensation for each position. For directors who also serve as employees, the cap is 20% of fixed compensation including their employee salary. No performance-linked compensation is paid if the target consolidated ordinary income is not achieved. For the current fiscal year, the target consolidated ordinary income was ¥320 million, compared with actual consolidated ordinary income of ¥96 million.」
業績連動報酬制度は継続しているが、当年度の目標連結経常利益額は350百万円から320百万円へ、実績は238百万円から96百万円へ更新された。目標未達のため業績連動報酬は支給されていない。 - FY2024Update of performance-linked compensation targets and actual resultsAnnual report
「The target consolidated ordinary income for performance-linked compensation for the current fiscal year was ¥350 million, compared with actual consolidated ordinary income of ¥142 million.」
The company continues to operate a scheme using consolidated ordinary income as the metric, with no performance-linked compensation paid if the target is not achieved. Actual consolidated ordinary income was ¥142 million against a target of ¥350 million, and no performance-linked compensation was paid. - FY2023RestatedAnnual report
「The target consolidated ordinary income for performance-linked compensation for the current fiscal year was ¥350 million, compared with actual consolidated ordinary income of ¥238 million.」
The company continues to operate a scheme using consolidated ordinary income as the metric and determining the payment rate according to target achievement. In the current fiscal year, actual consolidated ordinary income was ¥238 million against a target of ¥350 million, and no performance-linked compensation was paid. - FY2021RestatedAnnual report
「Consolidated ordinary income is used as the performance-linked compensation metric. The amount is calculated on a payment rate of 0% to 100% according to the degree of achievement against the target consolidated ordinary income set at the beginning of the fiscal year, subject to a cap of 20% of fixed compensation for each position. No performance-linked compensation is paid if the target consolidated ordinary income is not achieved. For the current fiscal year, the target consolidated ordinary income was ¥350 million, compared with actual consolidated ordinary income of ¥212 million.」
The company continues to report a scheme using consolidated ordinary income as the metric, with a payment rate of 0% to 100%, a cap of 20% of fixed compensation, and no payment if the target is not achieved. In the current fiscal year, actual consolidated ordinary income was ¥212 million against a target of ¥350 million, and no performance-linked compensation was paid. - FY2020AdvancedAnnual report
「The target consolidated ordinary income for performance-linked compensation for the current fiscal year was ¥350 million, compared with actual consolidated ordinary income of ¥10 million.」
For the performance-linked compensation policy introduced in the previous fiscal year, the company disclosed current-year results of target consolidated ordinary income of ¥350 million and actual consolidated ordinary income of ¥10 million. Under the scheme, no compensation is paid if the target is not achieved, and performance-linked compensation for the current fiscal year was ¥0. - FY2020-Q3Cited as achievedAnnual report
「At a meeting of the Board of Directors held on 14 January 2020, the company resolved to abolish the directors' retirement bonus scheme at the conclusion of the annual general meeting held on 21 February 2020. The same general meeting also approved the payment of retirement bonuses on a discontinued basis. Accordingly, the company reversed the directors' retirement benefit provision in full and presented the unpaid portion of the discontinued payment, ¥99,633 thousand, under other non-current liabilities within non-current liabilities as long-term unpaid amounts.」
The company re-stated the abolition of the directors' retirement bonus scheme and approval of discontinued payments as completed matters. It also reported the full reversal of the provision and recognition of ¥99,633 thousand as unpaid. - FY2020-Q2Cited as achievedAnnual report
「At a meeting of the Board of Directors held on 14 January 2020, the company resolved to abolish the directors' retirement bonus scheme at the conclusion of the annual general meeting held on 21 February 2020. The same general meeting also approved the payment of retirement bonuses on a discontinued basis. Accordingly, the company reversed the directors' retirement benefit provision in full and presented the unpaid portion of the discontinued payment, ¥99,633 thousand, under other non-current liabilities within non-current liabilities as long-term unpaid amounts.」
The company re-stated the abolition of the directors' retirement bonus scheme and approval of discontinued payments as completed matters. It also reported the full reversal of the provision and recognition of ¥99,633 thousand as unpaid. - FY2020-Q1AchievedAnnual report
「At a meeting of the Board of Directors held on 14 January 2020, the company resolved to abolish the directors' retirement bonus scheme at the conclusion of the annual general meeting held on 21 February 2020. The same general meeting also approved the payment of retirement bonuses on a discontinued basis. Accordingly, the company reversed the directors' retirement benefit provision in full and presented the unpaid portion of the discontinued payment, ¥99,633 thousand, under other non-current liabilities within non-current liabilities as long-term unpaid amounts.」
The abolition of the directors' retirement bonus scheme planned in the previous fiscal year was implemented at the conclusion of the annual general meeting held on 21 February 2020. The company also reversed the provision in full and recorded ¥99,633 thousand of discontinued payments as unpaid. - FY2019First statedAnnual report
「In response to external factors, including increasingly complex management challenges arising from changes in the business environment and calls for stronger corporate governance, and to promote ongoing enhancement of corporate value through business reforms, the company decided to review its compensation system, including abolishing the directors' retirement bonus scheme. It considered a reasonable and fair compensation system closely linked to performance necessary to secure more capable personnel and further motivate directors. At present, the company's top priorities are ensuring profitability and maintaining dividends from a short-term perspective, and it decided to introduce performance-linked compensation as a short-term incentive.」
The company first stated its policy of abolishing the directors' retirement bonus scheme at the conclusion of the annual general meeting held on 21 February 2020 and introducing performance-linked compensation from the 106th fiscal year. The payment rate for performance-linked compensation ranges from 0% to 100% depending on the achievement of the target consolidated ordinary income, subject to a cap of 20% of fixed compensation.