Performance-linked remuneration tied to consolidated ordinary income
First written in FY2017. 2 of 7 entries say "Raised", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
45 other companies' latest entry also says "Other".
- FY2026Planned revision to the performance-linked compensation formula and capAnnual report
「Performance-linked compensation = consolidated ordinary profit × 1.56% × each director's points / total officers' points (including a total of 67.5 points for executive officers)」
The formula for the current year uses 1.56% of consolidated ordinary profit and has a cap of ¥156 million, while the formula is scheduled to be revised after the Annual General Meeting of Shareholders to 1.51% with a cap of ¥164 million. - FY2022RaisedAnnual report
「Calculation method: Performance-linked compensation = consolidated ordinary profit × 1.30% × each director's points / total officers' points (including a total of 61.5 points for executive officers)」
At a meeting of the Board of Directors held after the Annual General Meeting of Shareholders on 22 June 2022, the Company resolved to revise the multiplier for performance-linked compensation from 1.24% to 1.30% and raise the cap on the fixed amount from ¥95 million to ¥147 million. - FY2021RaisedAnnual report
「Performance-linked compensation = consolidated ordinary profit × 1.24% × each director's points / total officers' points (including a total of 52.5 points for executive officers)」
At a meeting of the Board of Directors held after the Annual General Meeting of Shareholders on 22 June 2021, the multiplier for performance-linked compensation changed from 1.19% to 1.24% and the cap on the fixed amount changed from ¥53 million to ¥95 million. - FY2020Further revision to the performance-linked compensation formula and capAnnual report
「At a meeting of the Board of Directors held after the conclusion of the Company's 93rd Annual General Meeting of Shareholders on 19 June 2020, the Company resolved to partially revise the calculation method, points by officer position and points to note for performance-linked compensation as follows: Performance-linked compensation = consolidated ordinary profit × 1.19% × each director's points / total officers' points (including a total of 65.0 points for executive officers).」
The resolution provides for a revision from the prior year's 1.25% multiplier and ¥50 million cap to a 1.19% multiplier and ¥53 million cap. - FY2019Revision to the performance-linked compensation formula and capAnnual report
「At a meeting of the Board of Directors held after the conclusion of the Company's 92nd Annual General Meeting of Shareholders on 21 June 2019, the Company resolved to partially revise the calculation method, points by director position and points to note for performance-linked compensation as follows: Performance-linked compensation = consolidated ordinary profit × 1.25% × each director's points / total directors' points.」
The multiplier on consolidated ordinary profit for performance-linked compensation changed from 1.17% to 1.25%, while the cap on the fixed amount changed from ¥80 million to ¥50 million. - FY2018RestatedAnnual report
「Performance-linked compensation = consolidated ordinary profit × 1.17% × each director's points / total directors' points」
The formula linking part of directors' compensation to consolidated ordinary profit and points assigned by position remains in place. The amount calculated by multiplying consolidated ordinary profit by 1.17% is capped at ¥80 million. - FY2017First statedAnnual report
「Performance-linked compensation = consolidated ordinary profit × 1.07% × each director's points / total directors' points. At a meeting of the Board of Directors held after the conclusion of the Company's 90th Annual General Meeting of Shareholders on 23 June 2017, the Company resolved to partially revise the calculation method and points to note for performance-linked compensation as follows: Performance-linked compensation = consolidated ordinary profit × 1.17% × each director's points / total directors' points.」
The formula links part of directors' compensation to consolidated ordinary profit and points assigned by position, with the multiplier on consolidated ordinary profit revised from 1.07% to 1.17% by the filing date.