Performance-linked executive remuneration
First written in FY2017. 3 of 11 entries say "Softened", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
2 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「The central targets for the metrics relating to performance-linked compensation for the fiscal year were set at an ordinary profit margin on sales of 0.7%, a return on equity of 2.5% and an ordinary profit margin on total assets of 0.7%. Actual results were an ordinary profit margin on sales of -0.3%, a return on equity of 1.1% and an ordinary profit margin on total assets of -0.3%.」
The targets for performance-linked compensation were reduced from the previous fiscal year's sales-to-ordinary-profit margin of 1.6%, ROE of 3.4% and ROA of 1.6%. Actual results improved ROE to 1.1%, while the sales-to-ordinary-profit margin and ROA were negative. - 2026-06-02Cited as achievedGeneral Meetings of Shareholders
「For the current fiscal year, the target central values for the indicators were set at a 0.7% ordinary-income margin, ROE of 2.5% and ROA of 0.7%. Actual results were an ordinary-income margin of (0.3%), ROE of 1.1% and ROA of (0.3%).」
The company disclosed target and actual values for the current fiscal year under its performance-linked executive compensation scheme. - FY2025Resetting performance-linked compensation targets and deterioration in actual resultsAnnual report
「The central targets for the metrics relating to performance-linked compensation for the fiscal year were set at an ordinary profit margin on sales of 1.6%, a return on equity of 3.4% and an ordinary profit margin on total assets of 1.6%. Actual results were an ordinary profit margin on sales of -0.2%, a return on equity of -19.1% and an ordinary profit margin on total assets of -0.2%.」
The company reset its performance-linked compensation targets and set the ROE target at 3.4%, while actual results were negative for the ordinary profit margin on sales, ROE and ROA. - FY2024SoftenedAnnual report
「The central targets for the metrics relating to performance-linked compensation for the fiscal year were set at an ordinary profit margin on sales of 1.8%, a return on equity of 2.85% and an ordinary profit margin on total assets of 1.9%. Actual results were an ordinary profit margin on sales of -0.1%, a return on equity of -2.6% and an ordinary profit margin on total assets of -0.1%.」
The targets for performance-linked executive compensation were lowered from the previous year's 2.8% ordinary profit margin on sales, 4.55% ROE and 3.0% ROA, and actual results were negative across all metrics. - FY2023RaisedAnnual report
「The central targets for the metrics relating to performance-linked compensation for the fiscal year were set at an ordinary profit margin on sales of 2.8%, a return on equity of 4.55% and an ordinary profit margin on total assets of 3.0%. Actual results were an ordinary profit margin on sales of 2.1%, a return on equity of 3.2% and an ordinary profit margin on total assets of 2.0%.」
For performance-linked executive compensation, the company set a 4.55% ROE target and disclosed specific targets and actual results, including the ordinary profit margin on sales and ROA. The ratio of fixed compensation to performance-linked compensation is 3:7. - FY2022RaisedAnnual report
「The central targets for the metrics relating to performance-linked compensation for the fiscal year were set at an ordinary profit margin on sales of 2.8%, a return on equity of 4.3% and an ordinary profit margin on total assets of 3.2%.」
For performance-linked executive compensation, the company set targets of a 2.8% ordinary profit margin on sales, a 4.3% return on equity and a 3.2% ordinary profit margin on total assets, and set the ratio of fixed compensation to performance-linked compensation at 3:7. - FY2021RestatedAnnual report
「The approximate ratio of fixed compensation to performance-linked compensation is 3:7.」
The company maintains its policy of centering executive compensation on performance-linked compensation and specifies a 3:7 ratio of fixed compensation to performance-linked compensation. - FY2020SoftenedAnnual report
「The targets for the metrics established during the fiscal year for use in calculating compensation for the following fiscal year were set at central values of a 2.7% ordinary profit margin on sales, a 4.0% return on equity and a 3.0% ordinary profit margin on total assets.」
The central targets for performance-linked compensation for the following fiscal year were lowered from the previous 2.8% ordinary profit margin on sales, 4.7% return on equity and 3.1% ordinary profit margin on total assets to 2.7%, 4.0% and 3.0%, respectively. - FY2019AdvancedAnnual report
「The targets for the metrics established during the fiscal year for use in calculating compensation for the following fiscal year were set at central values of a 2.8% ordinary profit margin on sales, a 4.7% return on equity and a 3.1% ordinary profit margin on total assets.」
The company has set specific numerical targets for performance-linked executive compensation to be calculated for the following fiscal year. - FY2018RestatedAnnual report
「Within this framework, the company has adopted a compensation structure centered on performance-linked compensation. Specifically, after setting a fixed component for each position, the company uses metrics including the ordinary profit margin, return on total capital and return on equity.」
The company continues its policy of centering executive compensation on performance-linked compensation, in addition to a fixed component, using metrics including the ordinary profit margin, return on total capital and return on equity. - FY2017First statedAnnual report
「Within this framework, the company has adopted a compensation structure centered on performance-linked compensation. Specifically, after setting a fixed component for each position, the company uses metrics including the ordinary profit margin, return on total capital and return on equity.」
The company newly identified a policy for director compensation centered on performance-linked compensation, in addition to a fixed component, using metrics including the ordinary profit margin, return on total capital and return on equity.