Determining executive compensation based on company and relevant division performance and contribution
First written in FY2018. 4 of 12 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2019: 2 of 15 companies on the "Worse" side.
13 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The compensation mix for each category of director, excluding outside directors, is generally set according to position at 60–75% fixed compensation, 20–30% performance-linked compensation, and 5–10% stock compensation. The target for the metric based on the fiscal year budget was ¥704.545 million (revised figure; ¥622.727 million before revision), compared with actual results of ¥704.735 million.」
The company specified the mix of fixed, performance-linked and stock compensation, disclosed the target and actual results for performance-linked compensation based on ordinary income, and provided greater detail on the operation of its stock compensation plan for directors. - 2026-06-01AdvancedGeneral Meeting of Shareholders
「取締役（社外取締役を除く）の種類ごとの報酬割合は、役位に応じて概ね、固定報酬60〜75％、業績連動報酬20〜30％、株式報酬5〜10％とする。」
固定報酬・業績連動報酬・株式報酬の構成比、算定方法、支給時期を具体的に記載し、株式報酬制度の運用実績も示した。 - FY2026-H1AdvancedAnnual report
「Based on a resolution at the annual general meeting of shareholders held on 26 June 2025, the company introduced a trust-based stock compensation plan for its directors, excluding outside directors (the same applies hereinafter). At the end of the interim accounting period, the amount was ¥19.108 million and the number of shares was 12,400.」
Regarding the executive compensation plan, the company specifically described the reversal of provisions following the abolition of the directors’ retirement bonus plan, as well as the introduction of a trust-based stock compensation plan and ownership of 12,400 shares. - FY2025Updated the performance-linked compensation metric and compensation structureAnnual report
「The target for the metric based on the fiscal year budget was ¥590.909 million (revised figure; ¥504.545 million before revision), compared with actual results of ¥693.489 million.」
For performance-linked compensation based on ordinary income, the company disclosed the revised target of ¥590.909 million and actual results of ¥693.489 million. It also disclosed that, as its policy from the following fiscal year onward, compensation would consist of fixed compensation of 60–75%, performance-linked compensation of 20–30%, and stock compensation of 5–10%, together with a stock compensation plan. - FY2024Performance-linked compensation targets and results updatedAnnual report
「The target for the metric based on the fiscal year budget was ¥477.272 million (revised figure; ¥389.393 million before revision), compared with actual results of ¥560.364 million.」
For performance-linked compensation based on ordinary income, the company disclosed the revised target of ¥477.272 million and actual results of ¥560.364 million for the fiscal year. - FY2024-Q3RestatedAnnual report
「There were no material changes during the first nine months of the current fiscal year in the business and financial issues that the Company should address as a priority.」
No material changes to the executive compensation policy were indicated in this quarterly report. - FY2023Disclosure of performance-linked compensation targets and resultsAnnual report
「The target for the metric based on the fiscal year budget was ¥374.242 million, compared with actual results of ¥400.673 million.」
For performance-linked compensation based on ordinary income, the company specifically disclosed the budget target and actual results for the fiscal year. - FY2022RestatedAnnual report
「The metric for performance-linked compensation is ordinary income. The total performance-linked compensation, calculated as 5% of ordinary income, is calculated in accordance with internal rules and allocated among the directors based on their base compensation.」
The company continued its compensation calculation method of using ordinary income as the metric and setting total performance-linked compensation at 5% of ordinary income. - FY2021RestatedAnnual report
「The metric for performance-linked compensation is ordinary income. The total performance-linked compensation, calculated as 5% of ordinary income, is calculated in accordance with internal rules and allocated among the directors based on their base compensation.」
The company continued its policy of structuring executive compensation as base compensation, performance-linked compensation and retirement bonuses, with ordinary income as the metric used for calculation. - FY2020RestatedAnnual report
「Executive compensation consists of base compensation, performance-linked compensation and retirement bonuses, and the amounts are determined as follows.」
The company continued its policy of structuring executive compensation as base compensation, performance-linked compensation and retirement bonuses, with ordinary income as the metric for performance-linked compensation. - FY2019AdvancedAnnual report
「Executive compensation consists of base compensation, performance-linked compensation and retirement bonuses, and the amounts are determined as follows.」
The company specified its executive compensation policy in greater detail, including the sustainable improvement of corporate performance and corporate value, compensation based on roles and responsibilities, and the composition and calculation methods for base compensation, performance-linked compensation based on ordinary income, and retirement bonuses. - FY2018First statedAnnual report
「Under the company’s policy that directors bear significant responsibility for the company’s business performance and the performance of the divisions they oversee, director compensation is determined each year with reference to the allocation of duties and each director’s contribution to the company.」
The company identified for the first time as a key theme its policy of determining director compensation with reference to annual duty allocations, responsibility for the performance of the company and the divisions overseen, and contributions to the company.