Fixed Compensation Policy Based on Enhancing Corporate Value and Executive Responsibilities
First written in FY2019. 5 of 9 entries say "Advanced", first in FY2024. Latest entry: 2026-08-07.
Shirai Electronics Industrial moved to the "Worse" side of this theme in 2022, 2 years before the typical company in this theme (2024).
13 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The reduction of 78,568 treasury shares resulted from their delivery to the company's directors and executive officers as consideration for the performance of their duties.」
The disclosure records the delivery of 78,568 shares to directors and executive officers as restricted stock compensation, indicating progress in implementing non-monetary compensation. - FY2025AdvancedAnnual report
「• Consolidated operating profit × 1% × position-based coefficient」
For performance-linked compensation, the formula of consolidated operating profit multiplied by 1% and a position-based coefficient is specified, with the ratio of fixed compensation to performance-linked compensation serving as a guideline of approximately 3:1. - FY2024AdvancedAnnual report
「Executive directors will receive monthly fixed compensation, performance-linked compensation, and non-monetary compensation, while non-executive directors, including directors who are Audit & Supervisory Committee members, will receive monthly fixed compensation.」
The structure of fixed compensation, performance-linked compensation based on consolidated operating profit, and non-monetary compensation in the form of restricted stock has been applied to actual compensation payments. - FY2023ReframedAnnual report
「Compensation for executive directors consists of fixed compensation, non-monetary compensation, and performance-linked compensation. From the standpoint of ensuring the effectiveness of audits, compensation for directors who are Audit & Supervisory Committee members consists solely of fixed compensation and is determined through consultation among those directors.」
The previous explanation, which focused on fixed compensation, has been reorganized into a structure for executive directors combining fixed compensation, non-monetary compensation in the form of restricted stock, and performance-linked compensation tied to consolidated operating profit. - FY2022ReframedAnnual report
「In addition to the cash compensation described above, at the annual general meeting of shareholders held on 28 June 2022, it was resolved that the amount of monetary claims to be paid as non-monetary compensation for the grant of restricted stock be capped at ¥100 million per year, and that the total number of the company's common shares issued or disposed of through the payment of all such monetary claims as in-kind contributions be capped at 250,000 shares per year.」
The compensation structure changed from the previous explanation that compensation consisted solely of fixed compensation to one that adds non-monetary compensation in the form of restricted stock. - FY2020RestatedAnnual report
「The basic policy for determining compensation for each director and audit & supervisory board member is to design compensation levels and structures that are commensurate with their responsibilities and contribute to business performance and the sustainable enhancement of corporate value.」
Continuing the policy of designing compensation based on the sustainable enhancement of business performance and corporate value and on responsibilities, with compensation consisting solely of fixed compensation. - FY2019First statedAnnual report
「The basic policy for determining compensation for each director and audit & supervisory board member is to design compensation levels and structures that are commensurate with their responsibilities and contribute to business performance and the sustainable enhancement of corporate value. The company's executive compensation consists solely of fixed compensation.」
The company has stated for the first time that executive compensation will be designed based on business performance, the sustainable enhancement of corporate value, and responsibilities, and will consist solely of fixed compensation.