Executive compensation policy comprising fixed and performance-linked compensation
First written in FY2018. 6 of 10 entries say "Advanced", first in FY2019. Latest entry: 2026-08-07.
- FY2026Implementation of Restricted Stock CompensationAnnual report
「Other (disposal of treasury shares for restricted stock compensation) 12,300 23,739」
Regarding the restricted stock compensation approved for introduction in the previous fiscal year, the company disposed of 12,300 treasury shares valued at ¥23.739 million during the fiscal year under review. - FY2025Resolution to Introduce Restricted Stock CompensationAnnual report
「Annual compensation of up to ¥50 million for the grant of restricted stock to Directors, excluding Directors who are Audit and Supervisory Committee Members and Outside Directors (provided, however, that the number of the Company's common shares to be issued or disposed of shall not exceed 20,000 shares).」
In connection with the transition to a company with an Audit and Supervisory Committee, the company disclosed a resolution setting restricted stock compensation at no more than ¥50 million per year and the number of common shares at no more than 20,000, in addition to performance-linked compensation and other forms of compensation. - FY2024RestatedAnnual report
「Performance-linked compensation is determined by evaluating the level of achievement based on consolidated operating profit for each fiscal year, in order to achieve sustainable growth and expand the Group's business foundation, while comprehensively considering dividends, employee bonus levels and past payment results.」
The report reiterates the composition of fixed and performance-linked compensation, the calculation based on consolidated operating profit, and the 65:35 ratio of fixed to performance-linked compensation. - FY2022AdvancedAnnual report
「Performance-linked compensation is determined by evaluating the level of achievement based on consolidated operating profit for each fiscal year, in order to achieve sustainable growth and expand the Group's business foundation, while comprehensively considering dividends, employee bonus levels and past payment results.」
The criteria for performance-linked compensation have been made more specific, changing from achievement of operating profit targets to an achievement evaluation based on consolidated operating profit for each fiscal year. The indicative ratio of fixed to performance-linked compensation is 65:35. - FY2020RestatedAnnual report
「Executive compensation consists of fixed compensation by position and performance-linked compensation, with the latter varying according to business performance and other factors. Performance-linked compensation for the fiscal year under review is determined based on the achievement of operating profit targets.」
The report reiterates the executive compensation policy comprising fixed and performance-linked compensation, as well as the calculation method based on achievement of operating profit targets. - FY2019AdvancedAnnual report
「Performance-linked compensation for the fiscal year under review is determined based on the achievement of operating profit targets.」
The company reiterates its policy of providing fixed and performance-linked compensation and specifically states that achievement of operating profit targets is the criterion for calculating performance-linked compensation. - FY2018First statedAnnual report
「Executive compensation consists of fixed compensation by position and performance-linked compensation. Performance-linked compensation varies according to business performance and other factors.」
The company states for the first time that executive compensation consists of fixed compensation by position and performance-linked compensation, with the latter varying according to business performance and other factors.