Introduction of a Policy for Determining Individual Director Compensation
First written in FY2021. 2 of 5 entries say "Advanced", first in FY2024. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Non-monetary compensation consists of performance-linked stock compensation. The ratio of the fixed portion to the performance-linked portion is 1:4. Within the limits approved by resolution of the General Meeting of Shareholders, the amount is determined primarily based on the degree of achievement of consolidated operating profit in the previous fiscal year and is granted annually in the form of points at a specified time.」
For performance-linked stock compensation, the fixed portion and performance-linked portion are set at a ratio of 1:4, with points granted annually based on the degree of achievement of consolidated operating profit. - FY2024AdvancedAnnual report
「Performance-linked compensation (bonuses) is paid on the bonus payment date in July. Within the compensation limits approved by resolution of the General Meeting of Shareholders, the Board of Directors determines the amount based primarily on the degree of achievement of consolidated operating profit in the previous fiscal year, while also considering the current operating environment and other factors, within a range of 0% to 150% of the standard amount.」
For directors' compensation, the bonus calculation range linked to the achievement of consolidated operating profit is specified as 0% to 150%, and the compensation structure including performance-linked stock compensation is detailed. - FY2023ReframedAnnual report
「Directors' compensation consists of basic compensation as fixed compensation, performance-linked compensation as a bonus, and performance-linked stock compensation. In view of their duties, outside directors receive only basic compensation.」
The compensation structure has been revised from the previous explanation of basic compensation, performance-linked compensation and stock compensation-type stock options to include performance-linked stock compensation. - FY2022RestatedAnnual report
「Directors' compensation consists of basic compensation as fixed compensation, performance-linked compensation as a bonus, and stock compensation-type stock options. In view of their duties, outside directors receive only basic compensation.」
The directors' compensation policy consisting of basic compensation, performance-linked compensation and stock compensation-type stock options is reaffirmed. - FY2021First statedAnnual report
「The Board of Directors has adopted the following “Policy for Determining the Details of Individual Directors' Compensation” (the “Determination Policy”) (resolution dated 8 February 2021).」
The policy that individual directors' compensation consists of basic compensation and stock compensation-type stock options is stated explicitly for the first time.