Incentives to Enhance Corporate Value through Performance-Linked Compensation
First written in FY2019. . Latest entry: FY2026.
The whole theme swung hardest in 2018: 3 of 6 companies on the "Worse" side.
17 other companies' latest entry also says "Other".
- FY2026Performance-linked compensation target not achievedAnnual report
「The targets for the fiscal year were net sales of ¥7.2 billion, operating income of ¥350 million, an operating margin of 4.9% and ROE of 10%.」
Against the performance-linked compensation targets, actual results were net sales of ¥6,548.675 million, operating income of ¥326.383 million, an operating margin of 5.0% and ROE of 2.52%, with the key metrics other than operating margin below target. - FY2025Performance-linked compensation target not achievedAnnual report
「The targets for the fiscal year were net sales of ¥8.5 billion, operating income of ¥766 million, an operating margin of 9.0%, net income of ¥430 million and ROE of 10%.」
For the performance-linked compensation metrics for the fiscal year ending March 2025, net sales were ¥7.07 billion, operating income was ¥344 million, the operating margin was 4.9% and ROE was 7.17%, all below the disclosed targets. - FY2024Partial achievement of performance-linked compensation targets; ROE below targetAnnual report
「The targets for the fiscal year were net sales of ¥8.0 billion, operating income of ¥600 million, an operating margin of 7.5%, net income of ¥430 million and ROE of 10%. Actual results were net sales of ¥8.482 billion, operating income of ¥972 million, an operating margin of 11.5%, net income of ¥692 million and ROE of 9.4%.」
Net sales, operating income, operating margin and net income exceeded target, while ROE was below the 10% target. - FY2023Partial achievement of performance-linked compensation targets; ROE below targetAnnual report
「The targets for the fiscal year were net sales of ¥7.2 billion, operating income of ¥400 million, an operating margin of 5.6%, net income of ¥300 million and ROE of 10.0%. Actual results were net sales of ¥7.73 billion, operating income of ¥609 million, an operating margin of 7.9%, net income of ¥476 million and ROE of 6.88%.」
Net sales, operating income, operating margin and net income exceeded target, while ROE was below the 10% target. - FY2022Partial achievement of performance-linked compensation targets; ROE below targetAnnual report
「The targets for the fiscal year were net sales of ¥6.8 billion, operating income of ¥400 million, an operating margin of 5.9%, net income of ¥290 million and ROE of 10.0%. Actual results were net sales of ¥7.026 billion, operating income of ¥529 million, an operating margin of 7.5%, net income of ¥400 million and ROE of 5.96%.」
Net sales, operating income, operating margin and net income exceeded target, while ROE was below the 10% target. - FY2021Partial shortfall against performance-linked compensation targetsAnnual report
「The targets for the fiscal year were net sales of ¥6.7 billion, operating income of ¥430 million, an operating margin of 6.4%, net income of ¥290 million and ROE of 10.0%. Actual results were net sales of ¥6.503 billion, operating income of ¥399 million, an operating margin of 6.1%, net income of ¥322 million and ROE of 5.06%.」
For the performance-linked compensation metrics, net sales, operating income, operating margin and ROE fell short of target, while net income exceeded target. - FY2020Performance-linked compensation target not achievedAnnual report
「For the fiscal year, the targets for the performance-linked compensation metrics were net sales of ¥7.3 billion, operating income of ¥430 million and net income of ¥450 million, while actual results were net sales of ¥6.432 billion, operating income of ¥378 million and net income of ¥262 million.」
The performance-linked compensation plan using net sales, operating income and net income as metrics continued, with actual results and targets for the fiscal year disclosed. Actual results were below target for all metrics. - FY2019First statedAnnual report
「The metrics for performance-linked compensation are the achievement levels for net sales, operating income and net income against the company-wide business plan, and the changes in those figures from the previous fiscal year.」
Regarding executive compensation, a performance-linked compensation structure using achievement levels for net sales, operating income and net income as metrics was identified for the first time as a standalone topic. Targets for the fiscal year were net sales of ¥7.45 billion, operating income of ¥790 million and net income of ¥570 million, while actual results were ¥7.147 billion, ¥632 million and ¥431 million, respectively.