Performance-Based Director Compensation Linked to Consolidated Operating Profit
First written in FY2019. 3 of 6 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 26 companies on the "Worse" side.
9 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「“Performance-linked compensation” represents approximately 25% of total compensation. Coefficients are set based on the performance target for “consolidated operating profit” and the results of the previous consolidated fiscal year, with each evaluation weighted at 50%.」
The calculation method remains in place, using consolidated operating profit and representing approximately 25% of total compensation, with performance targets and prior-year results each weighted at 50%. - FY2024RestatedAnnual report
「“Performance-linked compensation” represents approximately 25% of total compensation. Coefficients are set based on the performance target for “consolidated operating profit” and the results of the previous consolidated fiscal year, with each evaluation weighted at 50%.」
The calculation method remains in place, using consolidated operating profit and representing approximately 25% of total compensation, with performance targets and prior-year results each weighted at 50%. - FY2023RestatedAnnual report
「“Performance-linked compensation” represents approximately 25% of total compensation. Coefficients are set based on the performance target for “consolidated operating profit” and the results of the previous consolidated fiscal year, with each evaluation weighted at 50%.」
The method for calculating performance-linked compensation remains in place, using consolidated operating profit and representing approximately 25% of total compensation, with performance targets and prior-year results each weighted at 50%. - FY2022AdvancedAnnual report
「Performance-linked compensation accounts for approximately 25% of total compensation. Coefficients are established based on the performance target for consolidated operating profit and the results for the previous fiscal year, with each evaluation weighted at 50%. The amount calculated by multiplying each individual's basic compensation by the applicable coefficient is paid in addition to monthly basic compensation during the term of office, from the month following the Annual General Meeting of Shareholders through the conclusion of the Annual General Meeting of Shareholders for the fiscal year ending within 1 year after appointment.」
For performance-linked compensation based on consolidated operating profit, specific calculation methods are disclosed: performance-linked compensation accounts for approximately 25% of total compensation, with the performance target and previous fiscal year's results each carrying a 50% evaluation weight. - FY2020AdvancedAnnual report
「The target for the performance-linked compensation indicator for the fiscal year was ¥7,905 million, compared with actual results of ¥8,102 million, which were at nearly the same level. Taking financial and non-financial information into account, no executive bonuses were paid for the fiscal year.」
Consolidated operating profit was disclosed as the indicator, with actual results of ¥8,102 million against a target of ¥7,905 million. After considering financial and non-financial information, no executive bonuses were paid for the fiscal year. - FY2019First statedAnnual report
「Executive bonuses are performance-linked compensation. To contribute to the consolidated performance of the Group and the enhancement of shareholder value, consolidated operating profit is used as the performance indicator. Bonuses are determined comprehensively by considering changes from the previous fiscal year and other factors, as well as both financial and non-financial conditions. The target for the performance-linked compensation indicator for the fiscal year was ¥5,879,779 thousand, compared with actual results of ¥7,905,313 thousand.」
The disclosure first specifies consolidated operating profit as the performance indicator for executive bonuses, with a target of ¥5,879,779 thousand and actual results of ¥7,905,313 thousand for the fiscal year.