Executive Compensation Policy Without Performance-Linked Compensation
First written in FY2019. 4 of 14 entries say "Restated". Latest entry: 2026-05-08.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2025RestatedAnnual report
「The targets for the performance-linked compensation metrics for the fiscal year were consolidated net sales of ¥11.0 billion and a consolidated operating margin on net sales of 9.09%. Both targets were achieved, with actual consolidated net sales of ¥12.092 billion, representing an achievement rate of 109.9%, and a consolidated operating margin on net sales of 9.24%, representing an achievement rate of 101.6%.」
The company states that it continued the performance-linked and share-based compensation schemes and achieved the consolidated net sales and operating margin targets in the current fiscal year. - FY2025-H1Share-based compensation expense changed from an expense recognized in the corresponding period of the previous fiscal year to a negative amount.Annual report
「Share-based compensation expense ¥8.653 million − ¥5.742 million」
Share-based compensation expense was negative ¥5.742 million in the current interim consolidated accounting period, compared with ¥8.653 million in the corresponding period of the previous fiscal year. - FY2024RaisedAnnual report
「The targets for the performance-linked compensation metrics for the fiscal year were consolidated net sales of ¥11.0 billion and a consolidated operating margin on net sales of 9.09%. Both targets were achieved, with actual consolidated net sales of ¥11.132 billion, representing an achievement rate of 101.2%, and a consolidated operating margin on net sales of 9.17%, representing an achievement rate of 100.9%.」
The target for performance-linked compensation was raised from the previous fiscal year’s consolidated net sales target of ¥9.8 billion to ¥11.0 billion, and actual performance exceeded the target together with the 9.09% operating margin on net sales. - FY2024-H1RestatedAnnual report
「Share-based compensation expense ¥4.344 million ¥8.653 million」
Share-based compensation expense increased from ¥4.344 million in the previous interim consolidated accounting period to ¥8.653 million in the current interim consolidated accounting period, indicating the continued recognition of expenses under the share-based compensation scheme. - FY2024-Q1RestatedAnnual report
「Share-based compensation expense — ¥4.344 million」
The company recorded share-based compensation expense of ¥4.344 million in the current first quarter, whereas none had been recorded in the previous first quarter, indicating the continued recognition of expenses under the share-based compensation scheme introduced in the previous fiscal year. - FY2023AdvancedAnnual report
「The targets for the performance-linked compensation metrics for the fiscal year were consolidated net sales of ¥9.8 billion and a consolidated operating margin on net sales of 9.29%. Both targets were achieved, with actual consolidated net sales of ¥11.195 billion, representing an achievement rate of 114.2%, and a consolidated operating margin on net sales of 9.80%, representing an achievement rate of 105.5%.」
For the performance-linked and share-based compensation schemes introduced in March 2023, the company disclosed actual performance against the targets for the performance-linked metrics, granted 17,446 restricted shares and recorded share-based compensation expense of ¥13.032 million. - FY2023-Q3AdvancedAnnual report
「Share-based compensation expense — ¥8.688 million」
The company recorded share-based compensation expense of ¥8.688 million in the cumulative third quarter of the current fiscal year, whereas none had been recorded in the corresponding period of the previous fiscal year, indicating the continued and increased recognition of expenses under the share-based compensation scheme. - FY2023-Q2AdvancedAnnual report
「Share-based compensation expense — ¥4.344 million」
The company recorded share-based compensation expense of ¥4.344 million in the cumulative second quarter of the current fiscal year, whereas none had been recorded in the corresponding period of the previous fiscal year, confirming the continued recognition of expenses under the share-based compensation scheme introduced in the previous fiscal year. - FY2023-Q1Abolition of the executive retirement bonus schemeAnnual report
「At the 91st Annual General Meeting of Shareholders held on 28 March 2023, the company resolved to make lump-sum payments in connection with the abolition of the executive retirement bonus scheme. Accordingly, it reversed the entire provision for executive retirement bonuses and recorded the unpaid portion of the lump-sum payments as long-term accounts payable under non-current liabilities.」
In connection with the previous executive compensation policy concerning fixed compensation and performance-linked compensation, the company resolved to abolish the executive retirement bonus scheme and make lump-sum payments, and reversed the entire provision. - FY2022ReframedAnnual report
「At the 91st Annual General Meeting of Shareholders held on 28 March 2023, the company resolved to introduce performance-linked compensation and share-based compensation for directors, excluding directors who are Audit and Supervisory Committee members, in addition to the existing fixed basic compensation, with the aim of providing directors with incentives to achieve sustained growth in corporate value.」
The company changed from its previous policy centered on fixed compensation and not providing performance-linked compensation to a system that added performance-linked compensation and share-based compensation effective 28 March 2023. - FY2021RestatedAnnual report
「Compensation consists of monthly fixed cash compensation, and the company does not provide performance-linked compensation or non-monetary compensation.」
The company continues to follow an executive compensation policy based primarily on fixed compensation, without performance-linked or non-monetary compensation. - FY2019First statedAnnual report
「In addition, although the company does not provide performance-linked compensation as part of its executive compensation, it determines executive compensation after comprehensively considering the medium- to long-term performance and outlook of the divisions under the executives’ supervision.」
The company describes a policy of determining executive compensation without providing performance-linked compensation, based on a comprehensive assessment of the medium- to long-term performance and outlook of the divisions under the executives’ supervision.