Performance-linked compensation tied to profit before income taxes for the period
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
56 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The target mix of fixed compensation and performance-linked compensation (bonuses and equity compensation) is approximately 55%:45%.」
The target mix of variable compensation, including performance-linked and equity compensation, was specified as approximately 55% fixed compensation and 45% performance-linked compensation. Based on operating income of ¥2,120 million, the bonus metric was ¥1,530 million and the amount paid was ¥24.574 million. - FY2023AdvancedAnnual report
「For the fiscal year ending June 2023, operating profit before bonuses for full-time directors and executive officers was ¥1,631 million. The compensation metric was ¥1,315 million, consisting of ¥1,000 million plus ¥315 million, equal to 50% of operating profit exceeding ¥1,000 million. Applying the coefficient for each position resulted in compensation of ¥41,782 thousand. As a result, the performance-linked component exceeded 40%.」
For performance-linked compensation based on operating profit, the company disclosed actual results for the fiscal year of a ¥1,315 million metric, compensation of ¥41,782 thousand and a performance-linked component exceeding 40%. - FY2022AdvancedAnnual report
「As operating profit increased to ¥1,519 million in the fiscal year ending June 2022, the performance-linked component exceeded 40%.」
As operating profit increased, the performance-linked component of executive compensation rose from approximately 30% to more than 40%. - FY2021RestatedAnnual report
「Bonuses as performance-linked compensation are calculated using operating profit as the metric, multiplied by coefficients determined according to position, to clearly reflect performance for the fiscal year. For the fiscal year ending June 2021, fixed monthly compensation was reduced and the coefficients for performance-linked compensation were increased so that the performance-linked component would account for approximately 30%. The operating profit target for the fiscal year was ¥1,150 million, versus actual operating profit of ¥1,130 million.」
Operating profit was used as the metric for performance-linked compensation, with the performance-linked component accounting for approximately 30%. Actual operating profit was ¥1,130 million, compared with the ¥1,150 million target. - FY2020ReframedAnnual report
「We resolved to revise the compensation system for the fiscal year ending June 2021 by reducing fixed monthly compensation and increasing performance-linked compensation through a review of the bonus calculation method, raising the performance-linked component from 21% to 30%. We also resolved to change the performance-linked metric for the fiscal year ending June 2021 from profit before income taxes to operating profit in order to strengthen its alignment with business performance.」
The performance-linked component of compensation was raised from 21% to 30%, and the metric was changed from profit before income taxes to operating profit from the fiscal year ending June 2021. The previous framework of compensation linked to profit before income taxes was revised to one linked to operating profit. - FY2019First statedAnnual report
「The performance-linked compensation metric is profit before income taxes for the fiscal year, as it clearly reflects performance for the fiscal year. The target for the fiscal year was ¥900 million, versus actual profit of ¥953 million.」
Profit before income taxes was adopted as the metric for performance-linked compensation. Actual profit for the fiscal year was ¥953 million, compared with the ¥900 million target.