Performance-Linked Compensation and Compensation Decisions by the Nomination and Compensation Advisory Committee
First written in FY2019. 2 of 9 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 25 companies on the "Worse" side.
15 other companies' latest entry also says "Other".
- FY2026Updated the current-period results for performance-linked compensationAnnual report
「Bonuses, which constitute performance-linked compensation, are determined based on consolidated operating profit for each period, representing profit earned from the core business, while taking into comprehensive consideration dividends, employee bonus levels, trends at other companies, medium- and long-term performance and past payment records. Operating profit for the current consolidated fiscal year was ¥7,511 million, ¥71 million above the ¥7,440 million recorded in the previous consolidated fiscal year.」
The company continued its policy of determining bonuses based on consolidated operating profit and its decision-making process through the Nomination and Compensation Advisory Committee. Current-period operating profit was ¥71 million above the previous period. Performance-linked compensation was ¥26 million. - FY2025Updated the current-period results for performance-linked compensationAnnual report
「Bonuses, which constitute performance-linked compensation, are determined based on consolidated operating profit for each period, representing profit earned from the core business, while taking into comprehensive consideration dividends, employee bonus levels, trends at other companies, medium- and long-term performance and past payment records. Operating profit for the current consolidated fiscal year was ¥7,440 million, ¥1,098 million above the ¥6,341 million recorded in the previous consolidated fiscal year.」
The company continued its policy of determining bonuses based on consolidated operating profit and its decision-making process through the Nomination and Compensation Advisory Committee. Current-period operating profit increased 17% from the previous period. Performance-linked compensation was ¥26 million. - FY2024Updated the current-period results for performance-linked compensationAnnual report
「Bonuses, which constitute performance-linked compensation, are determined based on consolidated operating profit for each period, representing profit earned from the core business, while taking into comprehensive consideration dividends, employee bonus levels, trends at other companies, medium- and long-term performance and past payment records. Operating profit for the current consolidated fiscal year was ¥6,341 million, ¥1,009 million below the ¥7,351 million recorded in the previous consolidated fiscal year.」
The company continued its policy of determining bonuses based on consolidated operating profit and its decision-making process through the Nomination and Compensation Advisory Committee. Current-period operating profit was below the previous period. Performance-linked compensation was ¥38 million. - FY2023Updated the current-period results for performance-linked compensationAnnual report
「Bonuses, which constitute performance-linked compensation, are determined based on consolidated operating profit for each period, representing profit earned from the core business, while taking into comprehensive consideration dividends, employee bonus levels, trends at other companies, medium- and long-term performance and past payment records. Operating profit for the current consolidated fiscal year was ¥7,351 million, ¥490 million above the ¥6,861 million recorded in the previous consolidated fiscal year.」
The company continued its policy of determining bonuses based on consolidated operating profit and its decision-making process through the Nomination and Compensation Advisory Committee. Current-period operating profit was ¥490 million above the previous period. Performance-linked compensation was ¥38 million. - FY2022Updated the compensation policy and current-period resultsAnnual report
「Bonuses, which constitute performance-linked compensation, are determined based on consolidated operating profit for each period, representing profit earned from the core business, while taking into comprehensive consideration dividends, employee bonus levels, trends at other companies, medium- and long-term performance and past payment records. Operating profit for the current consolidated fiscal year was ¥6,861 million, ¥561 million above the performance outlook of ¥6,300 million.」
The company continued its policy of determining bonuses, as performance-linked compensation, based on consolidated operating profit and its decision-making process through recommendations from the Nomination and Compensation Advisory Committee. It disclosed that current-period operating profit exceeded the performance outlook by ¥561 million. - FY2021Added the compensation policy and current-period resultsAnnual report
「Compensation for the company’s executive directors consists of fixed monthly compensation and performance-linked bonuses, and is structured to ensure a link to company performance and reflect responsibilities and results. Operating profit for the current consolidated fiscal year was ¥7,051 million, ¥851 million above the performance outlook of ¥6,200 million.」
The company provided more detail on its policy for determining fixed compensation and performance-linked compensation based on consolidated operating profit, and disclosed that current-period operating profit exceeded the performance outlook by ¥851 million. - FY2021-Q1AdvancedAnnual report
「At the 72nd annual general meeting of shareholders held on 18 June 2020, the company resolved to make a discontinuous payment of retirement benefits in connection with the abolition of its executive retirement benefit plan. Accordingly, the company reversed the entire provision for executive retirement benefits and presented the ¥36.8 million previously recorded in that provision under “Other” in non-current liabilities as long-term accounts payable.」
Under the executive compensation system, the company abolished its executive retirement benefit plan pursuant to a resolution at the general meeting of shareholders held on 18 June 2020. It reversed the entire provision already recorded and moved to discontinuous payments. - FY2020AdvancedAnnual report
「Compensation and other remuneration for directors, excluding directors who are Audit and Supervisory Committee members, consists of fixed monthly compensation and performance-linked bonuses. The compensation structure is designed to ensure a link to company performance and reflect responsibilities and results. Bonuses, in particular, are determined based on consolidated operating profit for each period, which represents profit earned from the core business, while taking into comprehensive consideration dividends, employee salary levels, trends at other companies, medium- and long-term performance and past payment records.」
The company continued its performance-linked compensation system and its decision-making process through the Nomination and Compensation Advisory Committee. Performance-linked compensation for the current period was ¥32 million, while consolidated operating profit was ¥5,857 million, ¥557 million above the externally disclosed figure. - FY2019First statedAnnual report
「Compensation and other remuneration for directors, excluding directors who are Audit and Supervisory Committee members, are determined as follows. Miura Osamu (三浦治), Representative Director and President, submits a compensation proposal to the Nomination and Compensation Advisory Committee meeting held in April, within the total compensation approved by the general meeting of shareholders and based on a comprehensive assessment of performance, responsibilities, results and other contributions. After exchanging views and confirming the details, the proposal is submitted to the Board of Directors meeting held in May, which deliberates on the appropriateness of the compensation amount based on the performance evaluation and makes the final decision. Bonuses, in particular, are determined based on consolidated operating profit for each period, which represents profit earned from the core business, while taking into comprehensive consideration dividends, employee salary levels, trends at other companies, medium- and long-term performance and past payment records.」
The company’s compensation proposal is reviewed by the Nomination and Compensation Advisory Committee before being decided by the Board of Directors. This was the first time the mechanism linking bonuses to consolidated operating profit for each period and other measures was identified. Operating profit for FY2019 was ¥7.0 billion, ¥1.0 billion above the externally disclosed figure of ¥6.0 billion.