Performance-linked executive compensation system tied to consolidated ordinary profit
First written in FY2020. 1 of 3 entries say "Advanced", first in FY2025. Latest entry: FY2025.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
57 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「The Board of Directors set the target for the performance-linked compensation metrics for the current fiscal year at ¥1,080 million, the forecast consolidated ordinary profit for the year, and ¥723 million, the forecast profit attributable to owners of the parent. Actual consolidated ordinary profit was ¥1,258 million, while profit attributable to owners of the parent was ¥915 million.」
Both consolidated ordinary profit and profit attributable to owners of the parent exceeded their respective forecast targets, and ¥35 million in performance-linked compensation was recorded. - FY2023Performance-linked compensation target missed and no payment madeAnnual report
「The Board of Directors set the target for the performance-linked compensation metrics for the current fiscal year at ¥951 million, the forecast consolidated ordinary profit for the year, and ¥614 million, the forecast profit attributable to owners of the parent. Actual consolidated ordinary profit was ¥623 million, while profit attributable to owners of the parent was ¥461 million.」
The performance-linked compensation scheme remains in place, but both actual consolidated ordinary profit and profit attributable to owners of the parent fell below their respective targets, and no performance-linked compensation was paid. - FY2020First statedAnnual report
「Consolidated ordinary profit is used as the performance-linked compensation metric. The funding source for performance-linked compensation is limited to 25% of the amount by which actual consolidated ordinary profit (Note) exceeds the consolidated ordinary profit target, which is the maximum total amount payable.」
A performance-linked compensation scheme has been introduced under which the maximum total amount payable is 25% of the amount by which consolidated ordinary profit exceeds its target.