Performance-linked compensation based on the ordinary profit margin
First written in FY2020. 1 of 3 entries say "Raised", first in FY2024. Latest entry: FY2025.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
14 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「As the consolidated ordinary profit margin of the Company and its wholly owned subsidiary (1 company) reached the target of 6% in the fiscal year under review, we will pay the performance-linked compensation (bonus) described in ② below.」
The benchmark consolidated ordinary profit margin of 6% for performance-linked compensation was achieved in FY2025, and performance-linked compensation will be paid. - FY2024RaisedAnnual report
「The performance-linked indicators are the consolidated ordinary profit margin and consolidated ordinary profit of the Company and its wholly owned subsidiary (1 company) relative to the consolidated sales of the 2 companies. If the consolidated ordinary profit margin of the 2 companies reaches 6%, an amount calculated by multiplying fixed compensation by a coefficient based on the consolidated ordinary profit of the 2 companies is paid.」
The benchmark consolidated ordinary profit margin for performance-linked compensation was raised from 5% to 6%, with the scope changed to the consolidated indicators of the Company and 1 wholly owned subsidiary. - FY2020First statedAnnual report
「The target and actual performance for performance-linked compensation (bonuses) are determined such that, when the ordinary profit margin reaches 5%, an amount calculated by multiplying the basic compensation (fixed compensation) by a percentage set according to the amount of ordinary profit is paid. As the ordinary profit margin reached 5% in the fiscal year under review, we will pay the performance-linked compensation (bonus) described in ② below.」
The policy for calculating bonuses based on the achievement of a consolidated ordinary profit margin of 5%, with the bonus calculated according to the amount of ordinary profit, and the fact that the target was achieved in FY2020 are disclosed.