Executive Compensation Policy Combining Fixed and Performance-Linked Compensation
First written in FY2021. 2 of 5 entries say "Restated". Latest entry: FY2026.
- FY2026RaisedAnnual report
「For directors, excluding directors who are Audit and Supervisory Committee members and outside directors, basic compensation (fixed compensation) accounts for approximately 40–50% and performance-linked compensation for approximately 50–60%, of which bonuses account for approximately 20–30% and non-monetary compensation and other items for approximately 20–30%.」
For executive directors, the company increased the proportion of performance-linked compensation to approximately 50–60%, from the previous composition of approximately 55–65% fixed compensation and approximately 35–45% performance-linked compensation. - 2026-06-04ReframedGeneral Meetings of Shareholders
「Performance-linked compensation, including non-monetary compensation, consists of the Board Benefit Trust (BBT) and restricted stock compensation.」
For executive compensation, non-monetary compensation consists of the BBT and restricted stock compensation, and the benchmark proportion of performance-linked compensation was changed to approximately 50%–60%. - FY2024RestatedAnnual report
「For directors other than Audit and Supervisory Committee members, basic compensation (fixed compensation) is set at approximately 55–65% and performance-linked compensation at approximately 35–45% as a guideline, of which bonuses account for approximately 30–35% and non-monetary compensation and other items for approximately 5–10%. For in-house directors who are Audit and Supervisory Committee members, basic compensation (fixed compensation) is set at approximately 55–65%, performance-linked compensation (bonuses) at approximately 30–35%, and non-monetary compensation and other items at approximately 5–10%.」
The company continues its policy of combining fixed compensation, bonuses and non-monetary compensation for executives. - FY2023RestatedAnnual report
「For directors, excluding directors who are Audit and Supervisory Committee members, fixed compensation is set at approximately 55–65% and performance-linked compensation at approximately 35–45% as a guideline, of which bonuses account for approximately 30–35% and non-monetary compensation and other items for approximately 5–10%.」
The company continues its policy of combining fixed and performance-linked executive compensation, using operating profit, ordinary profit, net income attributable to owners of the parent, consolidated net sales, ROE and other measures as performance-linked indicators. - FY2021First statedAnnual report
「Fixed compensation is set at approximately 55–65% and performance-linked compensation at approximately 35–45% as a guideline, of which bonuses account for approximately 30–35% and non-monetary compensation and other items for approximately 5–10%.」
For executive compensation, the company specified for the first time the composition ratios of fixed and performance-linked compensation. Performance-linked compensation is determined based on the degree of achievement of consolidated operating profit, ordinary profit, net income attributable to owners of the parent and other measures, in accordance with the policy of taking into account the recommendations of the Nomination and Compensation Advisory Committee.