Executive Compensation Policy Combining Performance-Linked Compensation and Restricted Stock
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
40 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Performance-linked compensation and similar compensation are determined within a range of 0% to 20% of base compensation. The target performance indicators and their values are set when the plan is formulated and reviewed as appropriate in response to changes in the operating environment.」
The company continues its policy of determining performance-linked compensation within a range of 0% to 20% of base compensation, using consolidated net income and other metrics as KPIs. - FY2021First statedAnnual report
「Performance-linked compensation and similar compensation are paid in cash based on performance indicators (KPIs) to raise awareness of improving performance in each fiscal year. The amount, calculated according to the degree of achievement of the target consolidated net income for each fiscal year and the target number of months of employee bonuses to be paid, is paid as a bonus every July. Performance-linked compensation and similar compensation are determined within a range of 0% to 20% of base compensation.」
Pursuant to a resolution of the Board of Directors dated 11 March 2021, the company introduced performance-linked compensation using consolidated net income and the target number of months of employee bonuses as KPIs, with payments ranging from 0% to 20% of base compensation. Restricted stock compensation is also included as non-monetary compensation.