Determination of Executive Compensation by the Compensation Committee
First written in FY2018. 4 of 7 entries say "Restated". Latest entry: FY2025-H1.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
64 other companies' latest entry also says "Restated".
- FY2025-H1RestatedAnnual report
「These initiatives have become established as a rigorous education system linked to the bonus system.」
The company explained that the practice of linking the education system to the bonus system has become established, reaffirming its previous policy of linking performance evaluation and compensation with human resource development. - FY2023AdvancedAnnual report
「During the fiscal year, the company held the compensation committee meetings regularly, and the attendance of each committee member was as follows.」
The compensation committee met 3 times during the fiscal year and determined individual compensation after considering performance, market conditions and each director’s contribution. The operation of performance-linked compensation has been documented in specific practice. - FY2022RestatedAnnual report
「The determination of the amount of fixed compensation for each director, whether performance-linked compensation will be paid, and the amount payable to each director will be delegated to the compensation committee by resolution of the Board of Directors, within the total amount of compensation approved by resolution of the general meeting of shareholders.」
The company continues its policy of combining fixed and performance-linked compensation, with the compensation committee, including outside directors, determining individual compensation. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 12 February 2021, the company resolved a policy concerning the determination of the details of individual compensation for directors. The compensation system for directors, excluding part-time directors, combines fixed monetary compensation with performance-linked monetary compensation. The latter is intended to encourage the execution of duties consistent with management policy, support sustainable growth and increases in corporate value, and provide a strong incentive to improve the company’s performance and achieve its medium-term management targets.」
In addition to the previous practice of decisions being made by the compensation committee, the Board of Directors formally resolved a policy for determining individual director compensation and disclosed a system combining fixed compensation and performance-linked compensation for directors other than part-time directors. - FY2020RestatedAnnual report
「Specific compensation decisions are made by a voluntary compensation committee that includes at least 1 outside director and is attended by full-time Audit & Supervisory Board members. During the fiscal year, the committee discussed and determined basic compensation on 20 December 2019 and bonuses on 31 March 2020 and 30 September 2020.」
The company disclosed that the compensation committee, which includes outside directors and is attended by full-time Audit & Supervisory Board members, discussed and determined basic compensation and bonuses on specific meeting dates. - FY2019RestatedAnnual report
「Compensation is determined by a voluntary compensation committee composed of the company’s directors, including outside directors, and full-time Audit & Supervisory Board members. During the fiscal year, the committee discussed and determined basic compensation on 21 December 2018 and bonuses on 27 March 2019 and 26 September 2019.」
The company disclosed that the compensation committee is composed of directors and full-time Audit & Supervisory Board members and held specific discussions and made decisions concerning basic compensation and bonuses. - FY2018First statedAnnual report
「Executive compensation is determined by a compensation committee composed of directors, including outside directors.」
The company disclosed for the first time, in an independent format, a system under which a compensation committee composed of directors, including outside directors, determines executive compensation.