Executive Compensation Policy Based on Fixed Remuneration and Performance-Linked Bonuses
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 2 of 6 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2026RestatedAnnual report
「The company's policy is to structure compensation and other benefits for directors so that they are linked to shareholder interests and function effectively as an incentive for the sustainable enhancement of corporate value, while setting compensation for each director at an appropriate level based on the director's position. Specifically, compensation comprises base compensation as fixed compensation and bonuses and other components. Given the nature of their duties, outside directors receive only base compensation, without consideration of performance.」
The company continues its policy of structuring executive compensation through fixed compensation and bonuses and other components, linking it to shareholder interests, and limiting outside directors' compensation to base compensation. - FY2022RestatedAnnual report
「The company's policy is to structure compensation and other benefits for directors so that they are linked to shareholder interests and function effectively as an incentive for the sustainable enhancement of corporate value, while setting compensation for each director at an appropriate level based on the director's position. Specifically, compensation comprises base compensation as fixed compensation and bonuses and other components. Given the nature of their duties, outside directors receive only base compensation, without consideration of performance.」
The company continues its policy of structuring executive compensation through fixed compensation and bonuses and other components, linking it to shareholder interests, and limiting outside directors' compensation to base compensation. - FY2021Details added to the executive compensation policyAnnual report
「The company's policy is to structure compensation and other benefits for directors so that they are linked to shareholder interests and function effectively as an incentive for the sustainable enhancement of corporate value, while setting compensation for each director at an appropriate level based on the director's position. Specifically, compensation comprises base compensation as fixed compensation and performance-linked compensation and other components. Given the nature of their duties, outside directors receive only base compensation, without consideration of performance.」
The previous explanation of fixed compensation and performance-linked bonuses has been expanded into a detailed policy covering the link to shareholder interests, the treatment of outside directors as receiving fixed compensation only, and the delegation of individual compensation decisions for the representative director and president, among other matters. - FY2019First statedAnnual report
「The company's compensation and other benefits for directors comprise base compensation (fixed compensation or a fixed salary) and bonuses (performance-linked compensation). The amount of compensation and other benefits for each director is determined by the Board of Directors based on the director's position and other factors.」
The policy states that director compensation comprises base compensation and performance-linked bonuses, with the Board of Directors determining the amounts based on each director's position and other factors. The annual aggregate compensation cap is ¥200 million for directors, ¥10 million for outside directors and ¥30 million for audit & supervisory board members.