Introducing a Policy for Determining Individual Director Compensation
First written in FY2021. 4 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2025AdvancedAnnual report
「The operating profit achievement rate for the current fiscal year was 139.58%.」
Under the performance-linked compensation plan, compensation was calculated using the operating profit achievement rate, and the operating profit achievement rate for the current fiscal year of 139.58% was disclosed. For the fiscal year ending September 2025, the fixed-to-variable compensation ratios for executive directors are 60% to 40% for the Representative Director and President, 70% to 30% for the Senior Managing and Managing Directors, and 80% to 20% for other directors. - FY2025-H1RestatedAnnual report
「The amount charged to the provision for directors' retirement benefits during the interim accounting period relates to the long-term incentive compensation plan for officers.」
Charges to the provision relating to the long-term incentive compensation plan for officers continued, and the amount charged to the provision for directors' retirement benefits during the interim accounting period was ¥3.843 million. - FY2024-Q2AdvancedAnnual report
「The amount charged to the provision for directors' retirement benefits during the cumulative second-quarter period includes ¥11.048 million relating to the former directors' retirement benefit plan and ¥3.004 million relating to the long-term incentive compensation plan for officers.」
For the long-term incentive compensation plan for officers that was introduced, ¥3.004 million was actually charged to the provision during the cumulative second-quarter period. - FY2023AdvancedAnnual report
「Under the long-term incentive compensation plan for officers, the company accrues once a year an estimated amount of monetary compensation that varies according to the degree of achievement of targets relating to performance in each fiscal year, based on the standard compensation amount determined under the company's criteria, for directors, including directors who are Audit and Supervisory Committee members but excluding outside directors, for the purpose of providing long-term incentives.」
In addition to bonuses based on the operating profit achievement rate, the company has introduced a long-term incentive plan under which performance-linked monetary compensation payable upon retirement is accrued once a year for directors. - FY2022AdvancedAnnual report
「To make executive directors' compensation highly performance-linked, the company will set variable compensation ratios as shown below, in stages and according to each director's position and role, during the period of the medium-term management plan (fiscal years ending September 2022 to September 2027).」
For its policy on individual director compensation, the company specified a mechanism to change the fixed-to-variable compensation ratio in stages from the fiscal year ending September 2022 through the fiscal year ending September 2027, linking it to the operating profit achievement rate and individual performance evaluation coefficients. - FY2021First statedAnnual report
「At a meeting of the Board of Directors held on 10 February 2021, the company resolved its policy for determining the details of individual directors' compensation.」
For individual director compensation, the company has disclosed for the first time a determination policy comprising base compensation, executive compensation and compensation for assigned responsibilities.