Setting Fixed Director Compensation Using Achievement Rates for Earnings Targets
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2026.
Toyo Shutter moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「俸額決定の指標は、取締役（社外取締役を除く）については、代表取締役社長からのミッションや部門成果、部門エンゲージメント結果に基づく「個人評価」と、中期経営計画『TOYO ADVANCE ５』の営業利益やROEの目標数値を基準とした「会社業績評価」の合計を「最終評価」として役職毎の俸額が決定されます。」
従来の当期純利益・経常利益の期初目標達成率を中心とする説明から、個人評価と営業利益・ROEを基準とする会社業績評価の合計による決定へ報酬指標の説明が組み替えられた。 - FY2024RestatedAnnual report
「Compensation is fixed cash compensation by position in accordance with each director's responsibilities. To emphasize flow earnings, the achievement rates for the initial targets for net income and ordinary income are used as indicators, and compensation by position is determined based on that evaluation.」
取締役報酬について、固定報酬を基本とし、当期純利益・経常利益の期初目標達成率を評価指標とする方針を継続している。 - FY2022RestatedAnnual report
「Compensation is fixed cash compensation by position in accordance with each director's responsibilities. To emphasize flow earnings, the achievement rates for the initial targets for net income and ordinary income are used as indicators, and compensation by position is determined based on that evaluation.」
取締役報酬について、固定報酬を基本とし、当期純利益・経常利益の期初目標達成率を評価指標とする方針を継続している。 - FY2021First statedAnnual report
「Compensation is fixed cash compensation by position in accordance with each director's responsibilities. To emphasize flow earnings, the achievement rates for the initial targets for net income and ordinary income are used as indicators, and compensation by position is determined based on that evaluation.」
This was the first separate disclosure of the policy to determine director compensation primarily as fixed cash compensation by position while using achievement rates for initial net income and ordinary income targets as evaluation metrics.