Policy for Determining Executive Compensation Based Primarily on Fixed Compensation
First written in FY2021. 2 of 5 entries say "Restated". Latest entry: 2026-05-28.
The whole theme swung hardest in 2024: 8 of 48 companies on the "Worse" side.
27 other companies' latest entry also says "Restated".
- 2026-05-28RestatedGeneral Meeting of Shareholders
「The compensation of the Company's directors consists of basic compensation, performance-linked compensation and other compensation, including bonuses, and non-monetary compensation and other compensation, including stock compensation. In determining the compensation of individual directors, the Company makes a comprehensive assessment while taking into account their position, responsibilities, assigned duties and years in office, as well as compensation levels at other companies, the Company's performance, individual contributions and employee salary levels.」
The annual business report continued to state the policy that executive compensation consists of basic compensation, performance-linked compensation and stock compensation. - FY2026-H1AdvancedAnnual report
「The company has introduced a trust-based share-based remuneration plan for its directors, excluding part-time and outside directors, following approval at the 124th Annual General Meeting of Shareholders held on 20 June 2025. The purpose is to clarify the link between directors' remuneration and the company's share value and to encourage directors to share with shareholders the benefits and risks arising from changes in the share price, thereby contributing to improved medium- to long-term performance and increased corporate value.」
Following the resolution at the General Meeting of Shareholders on 20 June 2025, implementation of the share-based remuneration plan for eligible directors was completed under the remuneration policy, including share-based remuneration, presented in the FY2025 annual report. - FY2025ReframedAnnual report
「The remuneration of the company's directors consists of basic remuneration in the form of fixed monthly compensation and bonuses. Individual directors' remuneration is determined comprehensively, taking into consideration their position, responsibilities, duties, years in office, remuneration levels at other companies, the company's performance, their contribution and employee salary levels, among other factors.」
The policy changed from the previous explanation that remuneration consisted solely of fixed compensation to a structure comprising basic remuneration plus bonuses. Subject to approval of the proposals at the General Meeting of Shareholders, the policy is also scheduled to change to include performance-linked bonuses and share-based remuneration. - FY2023RestatedAnnual report
「The remuneration of the company's directors consists solely of basic remuneration in the form of fixed monthly compensation. Individual directors' remuneration is determined comprehensively, taking into consideration their position, responsibilities, duties, years in office, remuneration levels at other companies, the company's performance, their contribution and employee salary levels, among other factors.」
The policy of limiting remuneration to fixed monthly basic remuneration and determining it based on position, responsibilities and performance, among other factors, remains in place. - FY2021First statedAnnual report
「The remuneration of the company's directors consists solely of basic remuneration in the form of fixed monthly compensation. Individual directors' remuneration is determined comprehensively, taking into consideration their position, responsibilities, duties, years in office, remuneration levels at other companies, the company's performance, their contribution and employee salary levels, among other factors.」
The policy of limiting directors' remuneration to fixed monthly basic remuneration and determining it based on position, responsibilities and performance, among other factors, was described specifically for the first time. The delegation of authority to the Representative Director and President to determine the remuneration amounts for individual directors was also disclosed.