Executive Compensation Policy Including Performance-Based Compensation
First written in FY2023. 5 of 8 entries say "Advanced", first in FY2024. Latest entry: 2026-08-06.
- FY2025-H1AdvancedAnnual report
「The increase resulted from a paid third-party allotment as restricted stock compensation. Issue price: ¥1,579; amount included in capital: ¥789.5; allottees: 6 of the company's directors」
On 9 August 2024, the company conducted a paid third-party allotment of restricted stock compensation to 6 directors, moving the share-based compensation policy into the implementation phase. - FY2024AdvancedAnnual report
「At the annual general meeting of shareholders held on 27 June 2024, the company approved compensation for the allocation of restricted stock to directors, excluding outside directors. Separately from the existing annual compensation limit of ¥420 million for directors, the total amount of monetary compensation claims to be paid as compensation and other remuneration related to restricted stock for the company's directors, excluding outside directors, is limited to ¥100 million per year.」
In addition to the existing basic and performance-linked compensation, the general meeting of shareholders approved the introduction of restricted stock compensation, expanding the compensation structure. - FY2024-Q3RestatedAnnual report
「This was due to factors including a ¥496.627 million increase in long-term accounts payable and a ¥566.803 million decrease in the provision for directors' retirement benefits following the abolition of the directors' retirement bonus system, as well as a ¥163.117 million increase in income taxes payable, a ¥118.038 million increase in advances received, a ¥201.244 million decrease in the provision for losses on construction contracts, and a ¥71.393 million decrease in notes and accounts payable—trade.」
The increase in long-term accounts payable and decrease in the provision for directors' retirement benefits resulting from the abolition of the directors' retirement bonus system were restated, confirming the accounting impact of the abolition. - FY2024-Q1Abolition of the directors' retirement bonus systemAnnual report
「Following the abolition of the directors' retirement bonus system, long-term accounts payable increased by ¥496.627 million, while the provision for directors' retirement benefits decreased by ¥566.803 million.」
The abolition of the directors' retirement bonus system has been confirmed in accounting terms as a change to the executive compensation system. The reasons for abolishing the system and details of the future compensation structure are not provided. - FY2023First statedAnnual report
「Our directors' compensation consists of fixed basic compensation and performance-linked compensation, both paid in cash, based on each director's position, responsibilities and performance, among other factors, and is structured to be linked to the company's performance so that it functions as an incentive to enhance corporate value. Operating profit before depreciation and amortization, which directly indicates the earning power of the core business, is used as the performance evaluation metric.」
The company has disclosed for the first time, in a consolidated manner, its executive compensation policy, including the composition of basic and performance-linked compensation, evaluation using operating profit before depreciation and amortization, and a performance-linked coefficient of 50% to 150%.