Management incentives through performance-linked bonuses and share-based compensation
First written in FY2018. 7 of 11 entries say "Advanced", first in FY2021. Latest entry: 2026-07-21.
86 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The following is an overview of the restricted stock compensation granted during the fiscal year. Overview of restricted stock compensation Class and number of shares to be issued The Company’s common shares: 118,750 shares」
A total of 118,750 restricted shares were granted to 6 directors and 24 executive officers, and a restricted stock incentive was also implemented for the employee stock ownership plan. The policy is to add NGK Value Added and employee engagement to the performance-linked bonus metrics from the following fiscal year. - FY2025AdvancedAnnual report
「The following is an overview of the restricted stock compensation granted during the fiscal year. Overview of restricted stock compensation Class and number of shares to be issued The Company’s common shares: 126,500 shares」
A total of 126,500 restricted shares were granted to 6 directors and 24 executive officers. - FY2024-Q2AdvancedAnnual report
「(Note) The increase resulted from the issuance of new shares as restricted stock compensation. Issue price: ¥1,714 Capital contribution amount: ¥857 Allottees: 6 directors of the Company, excluding outside directors: 43,000 shares 24 executive officers who do not concurrently serve as directors of the Company: 84,000 shares (Excluding executive officers who are permanent overseas residents)」
On 2 August 2023, a total of 127,000 restricted shares were newly issued to 6 directors and 24 executive officers. The number of eligible executive officers and the number of shares increased from the previous year’s total of 118,000 shares. - FY2023AdvancedAnnual report
「The following is an overview of the restricted stock compensation granted during the fiscal year. Class and number of shares to be issued The Company’s common shares: 118,000 shares Issue price ¥1,801 per share」
Under the policy to switch from stock options to restricted stock compensation, 118,000 shares were actually granted to 6 directors and 21 executive officers. - FY2023-Q2AdvancedAnnual report
「3 August 2022 (Note) 118 317,329 106 69,955 106 70,241 (Note) The increase resulted from the issuance of new shares as restricted stock compensation. Issue price: ¥1,801 Capital contribution amount: ¥900.5 Allottees: 6 directors of the Company, excluding outside directors: 43,000 shares 21 executive officers who do not concurrently serve as directors of the Company: 75,000 shares (Excluding executive officers who are permanent overseas residents)」
Under the policy announced in FY2022 to switch from stock options to restricted stock compensation, a total of 118,000 shares were actually issued on 3 August 2022 to 6 directors and 21 executive officers. - FY2022ReframedAnnual report
「At a meeting of the Board of Directors held on 28 April 2022, the Company reviewed its executive compensation system and resolved to abolish the above stock option system in the form of share-based compensation and introduce a restricted stock compensation system instead, conditional on the approval and adoption of the proposal concerning compensation for the grant of restricted stock at the Ordinary General Meeting of Shareholders held on 27 June 2022.」
The policy is to maintain the framework of fixed compensation, performance-linked bonuses and share-based compensation while switching the share-based compensation from stock options to restricted stock. - FY2021AdvancedAnnual report
「Cash compensation 1: Fixed annual basic compensation Cash compensation 2: Performance-linked bonuses that vary according to single-year results Share-based compensation: Stock options in the form of share-based compensation linked through the share price to improvements in corporate value over the medium to long term」
The policy established in June 2021 structured executive compensation as fixed compensation, single-year performance-linked bonuses and medium- to long-term stock options in the form of share-based compensation, with a committee comprising a majority of independent outside directors deliberating on the matter. - FY2019RestatedAnnual report
「Compensation for directors, excluding outside directors, and executive officers consists of 3 components: (1) basic compensation as fixed annual compensation based on position; (2) performance-linked bonuses based on annual results; and (3) share-based compensation to increase sensitivity to the Company’s share price, share with shareholders not only the benefits of share-price gains but also the risks of declines, and enhance motivation toward improving corporate value over the medium to long term through sound management.」
The policy of structuring executive compensation around 3 elements, fixed compensation, performance-linked bonuses and share-based compensation, remains in place. - FY2018First statedAnnual report
「Compensation for directors, excluding outside directors, and executive officers consists of 3 components: (1) basic compensation as fixed annual compensation based on position; (2) performance-linked bonuses to clarify each director’s responsibility for annual results and strengthen the linkage between compensation and performance; and (3) share-based compensation to increase sensitivity to the Company’s share price, share with shareholders not only the benefits of share-price gains but also the risks of declines, and enhance motivation and morale toward improving corporate value over the medium to long term through sound management. These objectives are also intended to motivate the realization of the corporate philosophy and management policies and to clarify executive responsibilities while enhancing fairness and transparency.」
The compensation structure for executives consists of 3 elements: fixed compensation, annual performance-linked bonuses, and share-based compensation. The system uses consolidated operating profit margin, consolidated net sales, consolidated ROE and other metrics to determine bonuses.