Performance-linked compensation based primarily on the operating profit plan
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2024. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 26 companies on the "Worse" side.
18 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Initial consolidated operating profit plan: ¥9,000 million; actual results for the year: ¥13,468 million. Based on these results, it was decided that performance-linked compensation for the fiscal year under review would be paid at 175% of the standard amount (100%).」
For short-term performance-linked compensation, actual operating profit was ¥13,468 million against the initial operating profit plan of ¥9,000 million, and payment at 175% of the standard amount was approved. The performance-linked coefficient for medium- to long-term compensation was set at 78%. - FY2025AdvancedAnnual report
「Initial consolidated operating profit plan: ¥8,200 million; actual results for the year: ¥8,494 million. Based on these results, it was decided that performance-linked compensation for the fiscal year under review would be paid at 100% of the standard amount (100%).」
For short-term performance-linked compensation, actual operating profit was ¥8,494 million against the initial operating profit plan of ¥8,200 million, and payment at 100% of the standard amount was approved. - FY2024AdvancedAnnual report
「The indicators for medium- to long-term performance-linked compensation are ROIC as the financial indicator and the FTSE Russell ESG score as the non-financial indicator, based on the aim of improving the corporate group's overall profitability while promoting management that takes ESG into consideration. The respective evaluation weightings are 90% and 10%.」
In addition to the previous compensation policy centered on the operating profit plan, medium- to long-term equity compensation linked to ROIC and the FTSE Russell ESG score is being implemented specifically. Short-term performance-linked compensation was set at 50% of the standard amount, based on actual operating profit of ¥8,107 million against the initial operating profit plan of ¥9,500 million. - FY2022ReframedAnnual report
「We have newly introduced equity compensation for management under which a certain portion varies according to the degree of achievement of KPIs related to priority initiatives in the Group's medium-term plan. Together with cash compensation that varies according to the degree of achievement of single-year performance targets, this is intended to improve corporate value and stakeholder satisfaction over the medium to long term.」
The compensation structure has changed from the previous system centered on the initial operating profit plan to one that includes equity compensation linked to medium-term plan KPIs, ROIC and the FTSE Russell ESG score. - FY2020RestatedAnnual report
「In determining performance-linked compensation, we have judged that maintaining and improving profit levels is the most appropriate measure of corporate performance. Accordingly, compensation is determined primarily based on the degree of achievement of the initial operating profit plan, taking into consideration the amount of dividends paid, employee bonuses and other matters affecting performance, such as natural disasters and extraordinary gains or losses.」
The policy of determining performance-linked compensation based on the degree of achievement of the initial operating profit plan, dividends, employee bonuses and other factors continues. - FY2019First statedAnnual report
「In determining performance-linked compensation, we have judged that maintaining and improving profit levels is the most appropriate measure of corporate performance. Accordingly, compensation is determined primarily based on the degree of achievement of the initial operating profit plan, taking into consideration the amount of dividends paid, employee bonuses and other matters affecting performance, such as natural disasters and extraordinary gains or losses.」
For executive performance-linked compensation, a detailed policy is disclosed for the first time, under which the degree of achievement of the initial operating profit plan, dividends, employee bonuses and other factors are taken into consideration.