Performance-Linked Compensation Based on Ordinary Profit
First written in FY2019. 5 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
45 other companies' latest entry also says "Other".
- FY2026Failure to meet the ordinary profit targetAnnual report
「The initial ordinary profit target for the current fiscal year under the profit-linked compensation scheme was ¥3,000 million, as disclosed in the Financial Results for the Fiscal Year Ended March 2025, section 3, “Forecast of Results for the Fiscal Year Ending March 2026,” disclosed on 14 May 2025. Actual ordinary profit was ¥2,968 million.」
The policy of linking profit-based compensation to ordinary profit continued, but actual ordinary profit was ¥2,968 million against an initial target of ¥3,000 million. - FY2025AdvancedAnnual report
「The initial ordinary profit target for the current fiscal year under the profit-linked compensation scheme was ¥2,510 million, as disclosed in the Financial Results for the Fiscal Year Ended March 2024, section 3, “Forecast of Results for the Fiscal Year Ending March 2025,” disclosed on 15 May 2024. Actual ordinary profit was ¥3,555 million.」
The use of ordinary profit as an indicator for profit-linked compensation continued, with actual ordinary profit of ¥3,555 million against an initial target of ¥2,510 million. - FY2024AdvancedAnnual report
「The initial ordinary profit target for the current fiscal year under the profit-linked compensation scheme was ¥2,180 million, as disclosed in the Financial Results for the Fiscal Year Ended March 2023, section 3, “Forecast of Results for the Fiscal Year Ending March 2024,” disclosed on 12 May 2023. Actual ordinary profit was ¥2,630 million.」
The use of ordinary profit as an indicator for profit-linked compensation continued, with actual ordinary profit of ¥2,630 million against an initial target of ¥2,180 million. - FY2023AdvancedAnnual report
「The initial ordinary profit target for the current fiscal year under the profit-linked compensation scheme was ¥1,890 million, as disclosed in the Financial Results for the Fiscal Year Ended March 2022, section 3, “Forecast of Results for the Fiscal Year Ending March 2023,” disclosed on 13 May 2022. Actual ordinary profit was ¥2,277 million.」
The use of ordinary profit as an indicator for profit-linked compensation continued, with actual ordinary profit of ¥2,277 million against an initial target of ¥1,890 million. - FY2022AdvancedAnnual report
「The initial ordinary profit target for the current fiscal year under the profit-linked compensation scheme was ¥1,200 million, as disclosed in the Financial Results for the Fiscal Year Ended March 2021, section 3, “Forecast of Results for the Fiscal Year Ending March 2022,” disclosed on 14 May 2021. Actual ordinary profit was ¥1,692 million.」
The policy of linking profit-based compensation to ordinary profit continued, with actual ordinary profit of ¥1,692 million against a current-year target of ¥1,200 million. Both the target and actual result were higher than the previous fiscal year's ¥190 million target and ¥909 million actual result. - FY2021Decline in ordinary profit targets and actual resultsAnnual report
「The initial ordinary profit target for the current fiscal year under the profit-linked compensation scheme was ¥190 million, as disclosed in the Financial Results for the Fiscal Year Ended March 2020, section 3, “Forecast of Results for the Fiscal Year Ending March 2021,” disclosed on 15 May 2020. Actual ordinary profit was ¥909 million.」
The policy of linking profit-based compensation to ordinary profit continued. The ordinary profit target for the current fiscal year was ¥190 million, compared with actual ordinary profit of ¥909 million, both down from the previous fiscal year's target of ¥1,600 million and actual result of ¥3,142 million. - FY2020AdvancedAnnual report
「Performance-linked compensation, paid annually as a bonus, is determined comprehensively using ordinary profit as an indicator. The initial ordinary profit target for the fiscal year was ¥1,600 million, compared with actual ordinary profit of ¥3,142 million.」
The use of ordinary profit as an indicator for performance-linked compensation was described, with a target of ¥1,600 million and actual ordinary profit of ¥3,142 million for the current fiscal year. The policy also stated that the Audit and Supervisory Committee confirms the bonus payment criteria. - FY2019First statedAnnual report
「Compensation consists of fixed compensation, paid monthly at a fixed amount, and performance-linked compensation, paid annually as a bonus. Performance-linked compensation is determined comprehensively using ordinary profit as an indicator.」
The policy of dividing executive compensation into fixed and performance-linked compensation, with ordinary profit used as an indicator for performance-linked compensation, was identified for the first time. The ordinary profit target for the fiscal year ended March 2019 was ¥1,820 million, compared with actual ordinary profit of ¥2,380 million.