Performance-linked executive remuneration
First written in FY2019. 4 of 6 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「The approximate ratios by type of compensation are basic compensation: performance-linked compensation, etc.: non-monetary compensation, etc. = 12:4:2, assuming 100% achievement of the operating profit target used as the performance-linked compensation metric.」
The policy of maintaining a 12:4:2 compensation mix comprising basic compensation, operating profit-linked compensation and restricted stock compensation continues. - FY2023RestatedAnnual report
「The approximate ratios by type of compensation are basic compensation: performance-linked compensation, etc.: non-monetary compensation, etc. = 12:4:2, assuming 100% achievement of the operating profit target used as the performance-linked compensation metric.」
The policy of maintaining a 12:4:2 compensation mix comprising basic compensation, operating profit-linked compensation and restricted stock compensation continues. - FY2022RestatedAnnual report
「The approximate ratios by type of compensation are basic compensation: performance-linked compensation, etc.: non-monetary compensation, etc. = 12:4:2, assuming 100% achievement of the operating profit target used as the performance-linked compensation metric.」
The policy of maintaining a 12:4:2 compensation mix comprising fixed compensation, operating profit-linked compensation and restricted stock compensation continues. - FY2021ReframedAnnual report
「The approximate ratios by type of compensation are basic compensation: performance-linked compensation, etc.: non-monetary compensation, etc. = 12:4:2, assuming 100% achievement of the operating profit target used as the performance-linked compensation metric.」
Restricted stock compensation has been added to the previous mix of fixed and performance-linked compensation, resulting in a compensation mix of 12:4:2. - FY2020RestatedAnnual report
「Performance-linked compensation and other compensation are set at an approximate ratio of 1:3, with the appropriate level determined after taking into account business performance trends and management conditions. The metric for the performance-linked bonus is annual operating profit, as it provides a concise indication of core operating performance in light of the Company's business activities.」
The policy of maintaining the ratio between performance-linked and fixed compensation and using annual operating profit as the performance metric continues. Against the operating profit target of ¥2,615 million for the fiscal year, actual operating profit was ¥2,239 million. - FY2019First statedAnnual report
「The approximate ratio of performance-linked compensation to other compensation is 1:3, and is set appropriately after taking into account business performance trends and management conditions. The metric for the bonus, which is performance-linked compensation, is operating profit for a single fiscal year, because it provides a concise indication of core operating performance in light of the Company's business activities.」
For director compensation, this is the first disclosure of the mix of fixed and performance-linked compensation and the bonus calculation policy using operating profit as the performance metric.