Executive bonuses linked to operating profit and shareholder returns, and stock options
First written in FY2019. 8 of 12 entries say "Advanced", first in FY2020. Latest entry: 2026-08-10.
86 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Performance-linked and other cash compensation is determined, in accordance with the “Policy on Determining the Details of Individual Directors’ Compensation and Other Matters” resolved at the Board of Directors meeting held on 13 May 2025, following deliberations by the Compensation Committee, which has a majority of outside directors and is chaired by an outside director. The deliberations consider achievement and progress against the target figures for the financial indicators specified in the medium-term management plan: ① consolidated net sales, ② consolidated ordinary income, ③ consolidated employee headcount, ④ earnings per share and ⑤ share price, as well as non-financial indicators including the engagement score, technology capability coefficient and CO₂ reduction. The compensation was determined by resolution of the Board of Directors meeting held on 25 June 2025, and a fixed amount is paid together with fixed compensation from July during the director's term of office through June of the following year.」
The company determined and paid performance-linked compensation following review by the Compensation Committee, paying ¥36 million in performance-linked compensation and granting 24,000 restricted shares to directors other than outside directors. - FY2025ReframedAnnual report
「Going forward, performance-linked compensation and other cash compensation will be determined by resolution of the Board of Directors, based on deliberations by the Compensation Committee, which has a majority of outside directors and is chaired by an outside director. The deliberations will consider the achievement and progress of the target figures for the 5 financial indicators specified in the medium-term management plan—consolidated net sales, consolidated ordinary income, consolidated employee headcount, consolidated earnings per share and share price—and non-financial indicators including the engagement score, technology capability coefficient and CO₂ reduction. A fixed amount will be paid together with fixed compensation from July during the director's term of office through June of the following year.」
Based on deliberations by the Compensation Committee established in September 2024, the company changed its system by eliminating executive bonuses and determining compensation based on achievement of financial and non-financial indicators and other factors. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 July 2023, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”), and the payment procedures were completed on 10 August 2023.」
For restricted stock compensation, a total of 53,000 shares were allotted to 5 directors, 3 senior executive officers and 3 executive officers, for a total disposal value of ¥40,863,000, and the payment procedures were completed. - FY2023Update of compensation results for the fiscal yearAnnual report
「Consolidated operating income ¥3,000 million ¥2,847 million ¥28 million Total annual dividends ¥963 million ¥959 million ¥47 million」
For performance-linked compensation, the company discloses the targets, actual results and compensation limits for operating income and total annual dividends. It also granted 29,800 restricted shares to 6 directors. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 15 July 2022, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”), and the payment procedures were completed on 12 August 2022.」
For restricted stock compensation, a total of 52,800 shares were allotted to 6 directors and 6 executive officers, for a total disposal value of ¥41,659,200, and the payment procedures were completed. - FY2022AdvancedAnnual report
「Type of metric Target Actual Compensation limit calculated based on the metric Consolidated operating income ¥3,000 million ¥2,617 million ¥26 million Total annual dividends ¥978 million ¥1,437 million ¥71 million」
For performance-linked compensation, the company disclosed the targets, actual results and compensation limits for operating income and total annual dividends for the fiscal year. It granted 20,700 restricted shares to 4 directors. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 16 July 2021, the company resolved to dispose of treasury shares as restricted stock compensation (the “Treasury Share Disposal”), and the payment procedures were completed on 13 August 2021.」
For the compensation system changed from stock-based stock options to restricted stock, the company reports the disposal of 51,800 treasury shares and completion of the payment procedures. - FY2021ReframedAnnual report
「Within the annual compensation limit of ¥50 million approved at the 58th Annual General Meeting of Shareholders held on 18 June 2021, the company will allot restricted stock to eligible directors in order to share the benefits and risks of share price fluctuations with shareholders and further increase their motivation to contribute to higher share prices and corporate value.」
The compensation system was changed from stock-based stock options to restricted stock, with new grants of the former discontinued and restricted stock introduced with an annual value of ¥50 million and an annual limit of 100,000 shares. - FY2020AdvancedAnnual report
「Type of metric Target Actual Compensation limit calculated based on the metric Consolidated operating income ¥2,650 million ¥3,105 million ¥31 million Total annual dividends ¥877 million ¥986 million ¥49 million」
For performance-linked compensation, the company reports the target and actual amounts for consolidated operating income and total annual dividends, together with the compensation limits, as results for the fiscal year. - FY2019First statedAnnual report
「The company's executive compensation comprises fixed compensation, annual incentives (bonuses) as performance-linked compensation, and medium- to long-term incentives (stock options).」
The company has for the first time described a compensation system comprising fixed compensation, annual incentives based on operating income and shareholder returns, and stock options designed to increase the motivation to contribute to higher share prices and improved performance.