Performance-Linked Compensation and Restricted Stock Compensation System
First written in FY2023. 3 of 9 entries say "Reframed", first in FY2025. Latest entry: FY2026.
- FY2026Redefinition of performance-linked compensation metrics and eligible recipientsAnnual report
「The performance indicators for each fiscal year are the degree of achievement against targets for operating income and ROE, both on a consolidated basis, as primary evaluation indices, and the increase in the ratio of sales of products other than the Company's own products to domestic sales, together with the increase in the ratio of overseas sales to consolidated sales, as secondary evaluation indices.」
In addition to operating income and ROE, the performance-linked compensation evaluation metrics incorporate the increase in the domestic sales ratio for products other than the Company's own products and the increase in the overseas sales ratio. The scope of recipients under the stock compensation plan was also revised in connection with the transition to a company with an Audit and Supervisory Committee. - FY2026-H1AdvancedAnnual report
「Based on a resolution of the 65th Annual General Meeting of Shareholders held on 21 June 2025, the Company has introduced the performance-linked stock compensation plan, the Stock Benefit Trust (BBT-RS: Board Benefit Trust-Restricted Stock).」
The Company has introduced the BBT-RS performance-linked stock compensation plan for directors and other executives and begun operating the plan so that participants share the risk of a decline in the share price with shareholders. - FY2025Change to executive stock compensation planAnnual report
「At the 65th Annual General Meeting of Shareholders held on 21 June 2025, a resolution was passed to introduce, separately from the annual monetary compensation limit of ¥250 million for the Company's directors, a performance-linked stock compensation plan, the Stock Benefit Trust (BBT-RS (Board Benefit Trust-Restricted Stock)), for directors excluding the Representative Director and Chairman and outside directors.」
The former restricted stock compensation plan was abolished and changed to the BBT-RS plan for directors excluding the Representative Director and Chairman and outside directors. The total number of points granted per fiscal year is capped at 40,000 points. - FY2024Executive compensation results updatedAnnual report
「Directors (excluding outside directors) 125 84 33 7 2」
The disclosure reports that 2 executive directors received total compensation of ¥125 million, comprising ¥84 million in base compensation, ¥33 million in monetary performance-linked compensation and ¥7 million in stock compensation. - FY2023First statedAnnual report
「Performance-linked compensation and other compensation for the Company's directors, excluding outside directors, consists of cash compensation that reflects the performance indicators for each fiscal year and individual evaluations, with the aim of raising awareness of improving performance in each fiscal year. The performance indicators for each fiscal year are the degree of achievement against targets for net sales, operating income, operating margin and ROE, all on a consolidated basis. The amount calculated according to the degree of performance achievement and the results of individual evaluations is paid annually as performance-linked compensation at a specified time.」
The Company provides detailed disclosure of its policy for calculating cash compensation linked to achievement levels for net sales, operating income, operating margin and ROE, as well as individual evaluations, and restricted stock compensation.