Performance-Oriented Executive Compensation Structure
First written in FY2016. 4 of 7 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「Short-term incentives consist of performance-linked compensation (bonuses) comprising a company-performance component, a business-unit-performance component and an individual-performance component. The company-performance and business-unit-performance components are calculated based on the achievement rates for annual revenue and operating profit targets approved by the Board of Directors.」
The compensation structure comprising fixed compensation, short-term incentives linked to annual revenue and operating profit targets, and equity-based long-term incentives continues. - FY2023RestatedAnnual report
「Short-term incentives consist of performance-linked compensation (bonuses) comprising a company-performance component, a business-unit-performance component and an individual-performance component. The company-performance and business-unit-performance components are calculated based on the achievement rates for annual revenue and operating profit targets approved by the Board of Directors.」
The compensation structure comprising fixed compensation, short-term incentives linked to annual revenue and operating profit targets, and equity compensation-type stock options continues. - FY2022RestatedAnnual report
「Short-term incentives consist of performance-linked compensation (bonuses) comprising a company-performance component, a business-unit-performance component and an individual-performance component. The company-performance and business-unit-performance components are calculated based on the achievement rates for annual revenue and operating profit targets approved by the Board of Directors.」
The compensation structure is specifically described as comprising fixed compensation, short-term incentives linked to annual revenue and operating profit targets, and equity compensation-type stock options. There has been no substantive change in the existing performance-linked compensation policy. - FY2021AdvancedAnnual report
「Individual compensation amounts are deliberated and determined by the Compensation Committee, which consists of 3 or more directors, a majority of whom are outside directors, and are determined by the Board of Directors based on the committee's recommendations.」
In addition to a compensation structure comprising fixed compensation, short-term incentives and equity compensation-type stock options, the Company specified the process for the Compensation Committee's deliberation and determination of individual compensation. - FY2019AdvancedAnnual report
「In addition, at the general meeting of shareholders held on 22 June 2019, approval was obtained for a resolution to allocate new subscription rights to shares as stock options, within the annual limit of ¥300 million for directors' compensation established by the resolution of the general meeting of shareholders held on 27 June 2006.」
Based on a policy of combining fixed base compensation with equity compensation-type stock options, a resolution approving a new grant allocation was passed in June 2019. - FY2018RestatedAnnual report
「Directors' compensation and other benefits are determined with a primary focus on increasing their motivation to contribute to improved performance in each fiscal year and to increased enterprise value over the medium to long term, taking into account the balance between fixed base compensation determined according to each director's role and responsibilities and performance-linked compensation, including equity compensation-type stock options, issued based on performance and other factors.」
The policy of combining fixed compensation with performance-linked equity compensation continues. - FY2016First statedAnnual report
「If the Company reports a loss, compensation will be reduced by up to 50%.」
The compensation structure combines base compensation and stock options and provides for a reduction in base compensation when the Company reports a loss.