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OKUMURA ENGINEERING corp. (6229) · PolicyRestated

Performance-linked compensation based on 5% of profit attributable to owners of the parent

First written in FY2022. 1 of 3 entries say "Reframed", first in FY2023. Latest entry: FY2024.

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ProgressHeldSoftenedWorseFirst statedFY2022ReframedFY20232022: 120222023: 120232024: 12024
Same theme, other companies
Setting Profit Targets for Performance-Linked CompensationA theme 184 companies write about · 2 as a headwind · 131 as a tailwind

The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.

22 other companies' latest entry also says "Restated".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 184 companies compared. The sentences above are computed from all 184.
Full recordFilings, disclosures and news, newest first
  1. FY2024RestatedAnnual report

    「The method of determining compensation consists of fixed compensation comprising directors' compensation and executive officers' compensation, and performance-linked compensation comprising an amount equivalent to 5% of ordinary income for the previous consolidated fiscal year, allocated according to points assigned by position.」

    The Company continues to use a method under which performance-linked compensation is based on an amount equivalent to 5% of ordinary income for the previous consolidated fiscal year. For the current year, it disclosed the payment criteria, including the upper and lower limits, as well as ordinary income of ¥870.137 million for the previous fiscal year.
  2. FY2023ReframedAnnual report

    「The method of determining compensation consists of fixed compensation comprising directors' compensation and executive officers' compensation, and performance-linked compensation comprising an amount equivalent to 5% of ordinary income for the previous consolidated fiscal year, allocated according to points assigned by position.」

    The basis for performance-linked compensation has been revised from net income attributable to owners of the parent, as previously stated, to ordinary income for the previous consolidated fiscal year.
  3. FY2022First statedAnnual report

    「The method of determining compensation consists of fixed compensation comprising directors' compensation and executive officers' compensation, and performance-linked compensation comprising an amount equivalent to 5% of net income attributable to owners of the parent for the previous consolidated fiscal year, allocated according to points assigned by position.」

    The Company has newly specified a method for calculating performance-linked compensation, under which an amount equivalent to 5% of net income attributable to owners of the parent for the previous consolidated fiscal year is allocated according to points assigned by position, in addition to fixed compensation.
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Performance-linked compensation based on 5% of profit attributable to owners of the parent | OKUMURA ENGINEERING corp. (6229) | Komori