Performance-Linked Executive Compensation Based on Operating Profit Margin
First written in FY2020. 4 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 4 of 31 companies on the "Worse" side.
24 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The actual performance-linked remuneration for the fiscal year under review was calculated using an operating margin of 9.4% and a payout coefficient of 0.94.」
Continued applying the system using an operating margin of 10% as the standard for a payout coefficient of 1.0. The operating margin improved from 6.3% to 9.4% year on year, and the payout coefficient improved from 0.63 to 0.94. - 2026-05-27AdvancedGeneral Meetings of Shareholders
「Bonuses are paid annually at a specified time, based on the amount calculated according to the degree of achievement of the target operating margin of 10% for each fiscal year. The operating margin was 9.4% in the current fiscal year.」
The operating margin improved from 6.3% in the previous fiscal year to 9.4%, and this was reflected in the calculation of performance-linked compensation. - FY2025Decrease in the payout coefficient due to lower operating marginAnnual report
「The actual performance-linked remuneration for the fiscal year under review was calculated using an operating margin of 6.3% and a payout coefficient of 0.63.」
Continued applying the system using an operating margin of 10% as the standard for a payout coefficient of 1.0. For the year, the operating margin was 6.3% and the payout coefficient was 0.63, down from the previous fiscal year’s operating margin of 9.0% and payout coefficient of 0.9. - FY2024Decrease in the payout coefficient due to lower operating marginAnnual report
「The actual performance-linked remuneration for the fiscal year under review was calculated using an operating margin of 9.0% and a payout coefficient of 0.9.」
Continued applying the system using an operating margin of 10% as the standard for a payout coefficient of 1.0. For the year, the operating margin was 9.0% and the payout coefficient was 0.9. - FY2023AdvancedAnnual report
「The actual performance-linked remuneration for the fiscal year under review was calculated using an operating margin of 10.3% and a payout coefficient of 1.03.」
Continued applying the performance-linked remuneration system using an operating margin of 10% as the standard for a payout coefficient of 1.0. For the year, the operating margin was 10.3% and the payout coefficient was 1.03, improving from the previously reported operating margin of 4.2% and payout coefficient of 0.42. - FY2021AdvancedAnnual report
「The actual performance-linked remuneration for the fiscal year under review was calculated using an operating margin of 4.2% and a payout coefficient of 0.42.」
The performance-linked remuneration system using an operating margin of 10% as the standard for a payout coefficient of 1.0 was applied in practice. For the year, the operating margin was 4.2% and the payout coefficient was 0.42. - FY2020First statedAnnual report
「Remuneration is calculated by applying a payout coefficient based on the degree of achievement, using an operating margin of 10% as the standard corresponding to a payout coefficient of 1.0.」
For the first time, explicitly describes a mechanism in which the payout coefficient is set based on an operating margin of 10% and performance-linked remuneration is determined according to the degree of achievement.