Executive variable compensation linked to consolidated net income and annual dividends
First written in FY2018. 2 of 9 entries say "Advanced", first in FY2019. Latest entry: 2026-07-21.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
22 other companies' latest entry also says "Restated".
- 2026-07-21RestatedShare Issuance and Disposal
「At a meeting of the Board of Directors held on 20 May 2021, we resolved to introduce a restricted stock compensation plan (the “Plan”) for the company's directors, excluding outside directors (hereinafter, “Eligible Directors”), and executive officers with titles, excluding non-residents of Japan (collectively, “Eligible Directors and Others”). The purpose is to provide incentives for the sustainable enhancement of corporate value and further promote the sharing of value between directors and shareholders.」
Based on the existing restricted stock compensation plan, a resolution was passed to dispose of 18,207 treasury shares to 6 directors and 5 executive officers with titles. The disclosure reconfirmed the purpose and operation of the plan and did not indicate any substantive change to the compensation policy itself. - FY2026Higher proportion of performance-linked compensationAnnual report
「Performance-linked compensation accounted for 45% of total compensation in fiscal 2025.」
The performance-linked compensation system continued, and the proportion of performance-linked compensation in total compensation increased from 37% in the previous fiscal year to 45%. - FY2025Update on actual performance-linked compensationAnnual report
「Depending on net income attributable to owners of the parent, fixed compensation accounts for approximately 90% to 45% of total compensation, stock compensation for approximately 10% to 15%, and performance-linked compensation for 0% to approximately 40%. Performance-linked compensation accounted for 37% of total compensation in fiscal 2024.」
The performance-linked compensation system continued, with performance-linked compensation accounting for 37% of total compensation, or ¥194 million, in fiscal 2024. - FY2024Update on actual performance-linked compensationAnnual report
「Depending on net income attributable to owners of the parent, fixed compensation accounts for approximately 90% to 45% of total compensation, stock compensation for approximately 10% to 15%, and performance-linked compensation for 0% to approximately 40%. Performance-linked compensation accounted for 11% of total compensation in fiscal 2023.」
The performance-linked compensation system continued, and performance-linked compensation was disclosed as accounting for 11% of total compensation in fiscal 2023. - FY2022Update on actual performance-linked compensationAnnual report
「Depending on net income attributable to owners of the parent, fixed compensation accounts for approximately 90% to approximately 45% of total compensation, stock compensation for approximately 10% to approximately 15%, and performance-linked compensation for 0% to approximately 40%. Performance-linked compensation accounted for 32% of total compensation in fiscal 2021.」
The system comprising fixed compensation, restricted stock compensation and performance-linked compensation continued, with performance-linked compensation accounting for 32% of total compensation, or ¥150 million, in fiscal 2021. - FY2021AdvancedAnnual report
「The compensation structure for the Company's directors other than outside directors comprises fixed compensation, stock compensation and performance-linked compensation, as follows, while the compensation structure for outside directors comprises fixed compensation only." Stock compensation consists of restricted stock granted annually according to position, with the restrictions generally lifted when the director leaves office.」
In addition to the previous profit-linked compensation, the compensation structure was specified as comprising fixed compensation, restricted stock compensation and performance-linked compensation. Performance-linked compensation accounted for 33% of total compensation in fiscal 2020. - FY2020RestatedAnnual report
「The amount of performance-linked compensation for directors other than outside directors is calculated by multiplying the amount obtained by multiplying net income attributable to owners of the parent for the fiscal year by 1% (capped at ¥400 million) by a coefficient based on position. It is paid from July following the end of the fiscal year, although the amount may be reduced depending on business conditions and other factors. In principle, no performance-linked compensation is paid if the annual dividend for the fiscal year is less than ¥30 per share. Performance-linked compensation accounted for 37% of total compensation for the current fiscal year.」
The performance-linked compensation system continued to be disclosed, with compensation set at 1% of net income attributable to owners of the parent, capped at ¥400 million, and no payment in principle if the annual dividend was less than ¥30 per share. Performance-linked compensation accounted for 37% of total compensation. - FY2019AdvancedAnnual report
「The amount of performance-linked compensation for directors other than outside directors is calculated by multiplying the amount obtained by multiplying net income attributable to owners of the parent for the fiscal year by 1% (capped at ¥400 million) by a coefficient based on position. It is paid from July following the end of the fiscal year, although the amount may be reduced depending on business conditions and other factors. In principle, no performance-linked compensation is paid if the annual dividend for the fiscal year is less than ¥30 per share. Performance-linked compensation accounted for 37% of total compensation for the current fiscal year.」
Actual operation of the system was disclosed: performance-linked compensation of ¥295 million, based on 1% of profit and capped at ¥400 million, was paid and accounted for 37% of total compensation, with no payment in principle if the annual dividend was less than ¥30 per share. - FY2018First statedAnnual report
「The amount of variable compensation for directors other than outside directors is calculated by multiplying the amount obtained by multiplying consolidated net income for the fiscal year by 1% (capped at ¥400 million) by a coefficient based on position. It is paid from July following the end of the fiscal year, although the amount may be reduced depending on business conditions and other factors. In principle, no variable compensation is paid if the annual dividend for the fiscal year is less than ¥30 per share.」
The calculation and payment policy for variable compensation for directors other than outside directors was first explicitly disclosed: 1% of consolidated net income, capped at ¥400 million, with no payment in principle if the annual dividend is less than ¥30 per share.