Performance-linked compensation tied to net income attributable to owners of the parent
First written in FY2021. . Latest entry: FY2024.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
44 other companies' latest entry also says "Other".
- FY2024No performance-linked compensation and reduction in fixed compensationAnnual report
「Because consolidated results for the fiscal year fell below the level stipulated in the company's internal rules, no performance-linked compensation was paid. A reduction in fixed compensation, excluding that of outside officers, was decided by the President and Representative Director after consultation with and a recommendation from the Nomination and Compensation Advisory Committee.」
The company states that no performance-linked compensation based on net income attributable to owners of the parent was paid for the fiscal year, and that fixed compensation was also reduced for officers other than outside officers. - FY2021First statedAnnual report
「Performance-linked compensation is paid in cash and reflects performance indicators to raise awareness of improving performance in each fiscal year. It is calculated based on net income attributable to owners of the parent for each fiscal year, and the calculated amount is paid annually at a designated time.」
The company explicitly states that performance-linked compensation for directors is based on net income attributable to owners of the parent. Performance-linked compensation is capped at 30% of each individual's total compensation, and the company states that no target was set and no payment was made for the fiscal year.