Executive Compensation Policy Based on Performance-Linked Compensation and Share-Based Stock Options
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2024.
87 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「For the fiscal year, the target for consolidated ordinary profit, the metric used for performance-linked compensation, was ¥8,800 million, as announced on 10 November 2023, while actual consolidated ordinary profit was ¥9,723 million.」
For performance-linked compensation based on consolidated ordinary profit, actual results were ¥9,723 million against the target of ¥8,800 million. - FY2023RestatedAnnual report
「For the fiscal year, the target for consolidated ordinary profit, the metric used for performance-linked compensation, was ¥8,050 million under the revised plan dated 7 August 2023, while actual consolidated ordinary profit was ¥8,185 million.」
For performance-linked compensation based on consolidated ordinary profit, actual results exceeded the revised plan. - FY2022AdvancedAnnual report
「For the fiscal year, the target for consolidated ordinary profit, the metric used for performance-linked compensation, was ¥8,000 million under the revised plan dated 11 May 2022, while actual consolidated ordinary profit was ¥9,075 million.」
For performance-linked compensation based on consolidated ordinary profit, actual results of ¥9,075 million are shown against the revised plan of ¥8,000 million. - FY2021First statedAnnual report
「The performance-linked bonus is paid in a lump sum at a specified time each year. Within the total compensation limit approved by resolution of the General Meeting of Shareholders, an upper limit is set for the total amount payable. The bonus is calculated by multiplying the payment unit, calculated by applying an incentive based on the achievement rate for the consolidated ordinary profit plan, by a coefficient corresponding to each director’s position, and then taking into account each director’s performance evaluation.」
The Company disclosed the individual compensation policy determined by resolution of the Board of Directors on 16 April 2021 in detail for the first time, specifying a three-tier structure consisting of fixed compensation, bonuses based on consolidated ordinary profit, and stock compensation-type stock options. The FY2021 target for consolidated ordinary profit was ¥6,560 million, compared with actual consolidated ordinary profit of ¥7,466 million.