Reduction of Executive Fixed Remuneration Amid Deteriorating Performance
First written in FY2021. 3 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2024: 8 of 48 companies on the "Worse" side.
24 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「At meetings of the Nomination and Compensation Committee and the Board of Directors held on 6 June 2025, a resolution was passed to reduce fixed compensation by 20% for the period from June to November 2025.・At meetings of the Nomination and Compensation Committee and the Board of Directors held on 5 December 2025, a resolution was passed to reduce fixed compensation by 20% for the period from December 2025 to May 2026.」
Resolutions were passed to reduce fixed compensation for officers by 20% during each period from June 2025 to May 2026, amid deteriorating business performance. - FY2024AdvancedAnnual report
「At meetings of the Nomination and Compensation Committee and the Board of Directors held on 7 June 2023, a resolution was passed to reduce fixed compensation by 10% for the period from June to November 2023.” “At meetings of the Nomination and Compensation Committee and the Board of Directors held on 7 March 2024, a resolution was passed to reduce fixed compensation by 80% for March 2024.」
Resolutions were passed to reduce fixed compensation for officers by 10% from June to November 2023, by 10% from December 2023 to May 2024, and by 80% in March 2024. - FY2023AdvancedAnnual report
「At meetings of the Nomination and Compensation Committee and the Board of Directors held on 7 June 2022, a resolution was passed to reduce fixed compensation by 10% for the period from June to August 2022. ……At meetings of the Nomination and Compensation Committee and the Board of Directors held on 7 December 2022, a resolution was passed to reduce fixed compensation by 10% for the period from December 2022 to February 2023.」
Resolutions were passed to reduce fixed compensation for officers by 10% during each of the periods from June to August 2022 and from December 2022 to February 2023, amid deteriorating business performance. - FY2021First statedAnnual report
「At meetings of the Nomination and Compensation Committee and the Board of Directors held on 16 June 2020, resolutions were passed to reduce fixed compensation by 10% for June 2020 and to reduce fixed compensation for the fiscal year by 10%. In addition, at a Board of Directors meeting held on 6 November 2020, a resolution was passed to reduce fixed compensation by 15% to 25% for the period from December 2020 to March 2021.」
Resolutions were passed to reduce fixed compensation for officers by 10% in June 2020 and by 15% to 25% from December 2020 to March 2021.