Change in the Method for Determining Directors’ Compensation to Board Decision
First written in FY2022. 1 of 4 entries say "Reframed", first in FY2023. Latest entry: FY2025.
The whole theme swung hardest in 2019: 2 of 12 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2025Disclosure of fiscal 2024 remuneration assessment resultsAnnual report
「(Formula) (a) Standard amount by position (standard amount for 1 year) × ((b) Operating profit (fiscal year) × 60% + (c) Operating profit margin (fiscal year) × 20% + (d) TSR relative to TOPIX (fiscal year) × 10% + (e) Achievement of CO2 emissions reductions through our products (fiscal year) × 10%) = Share-based remuneration paid」
For the assessment criteria for executive share-based remuneration under Realize 25, we disclosed fiscal 2024 results of ¥50.1 billion in operating profit, a 9.3% operating profit margin, TSR of 66.8% and a CO2 reduction achievement rate of 128.6%. - FY2024AdvancedAnnual report
「(Formula) (a) Standard amount by position (standard amount for 1 year) × ((b) Operating profit (fiscal year) × 60% + (c) Operating profit margin (fiscal year) × 20% + (d) TSR relative to TOPIX (fiscal year) × 10% + (e) Achievement of CO2 emissions reductions through our products (fiscal year) × 10%) = Share-based remuneration paid」
For executive share-based remuneration after the launch of Realize 25, we disclosed the weighted assessment based on 4 metrics—operating profit, operating profit margin, TSR and CO2 reduction—as the actual calculation method. - FY2023ReframedAnnual report
「(a) Standard amount by position (standard amount for 1 year) × ((b) Operating profit (fiscal year) × 60% + (c) Operating profit margin (fiscal year) × 20% + (d) TSR relative to TOPIX (fiscal year) × 10% + (e) Achievement of CO2 emissions reductions through our products (fiscal year) × 10%) = Share-based remuneration paid」
With the launch of Realize 25, BBT's assessment criteria were revised to a weighted assessment based on 4 metrics: operating profit, operating profit margin, TSR and CO2 reduction. The operating profit target for fiscal 2023 was set at ¥70 billion. - FY2022First statedAnnual report
「With respect to the method for determining the individual remuneration of directors, at a Board of Directors meeting held on 20 December 2021, the method was changed from determination by the Representative Director and President, to whom the Board of Directors had redelegated authority, to determination by the Board of Directors.」
Individual director remuneration changed from the method of redelegating authority to the Representative Director and President to the method of determination by the Board of Directors.