Performance-linked compensation tied to consolidated net income
First written in FY2019. 2 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2025.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
45 other companies' latest entry also says "Other".
- FY2025Decrease in performance-based compensation due to a decrease in consolidated net incomeAnnual report
「To increase the linkage between performance-based compensation and the performance of the Group as a whole, consolidated net income is used as the performance metric, and the payment amount is determined by applying the allocation ratio. Consolidated net income for the current fiscal year was ¥2,731.041 million.」
The company continued its performance-based compensation system using consolidated net income as the performance metric, recognizing ¥51 million in performance-based compensation and related amounts against consolidated net income of ¥2,731.041 million. - FY2022AdvancedAnnual report
「To increase the linkage between performance-based compensation and the performance of the Group as a whole, consolidated net income is used as the performance metric, and the payment amount is determined by applying the allocation ratio. Consolidated net income for the current fiscal year was ¥3,320.380 million.」
For performance-based compensation linked to consolidated net income, current-year results were ¥3,320.380 million, and ¥60 million in performance-based compensation and related amounts was recognized. - FY2021AdvancedAnnual report
「To increase the linkage between performance-based compensation and the performance of the Group as a whole, consolidated net income is used as the performance metric, and the payment amount is determined by applying the allocation ratio. Consolidated net income for the current fiscal year was ¥1,072.375 million.」
Performance-based compensation was zero in the previous fiscal year because of a consolidated net loss, but ¥19.561 million in performance-based compensation was recognized in the current fiscal year based on consolidated net income of ¥1,072.375 million. - FY2020Failure to achieve the performance-based compensation planAnnual report
「The numerical plan for consolidated net income was ¥2,700 million, the consolidated earnings forecast for the fiscal year ending September 2020 stated in the Summary of Financial Results for the fiscal year ended September 2019 disclosed on 11 November 2019, while actual results were a loss of ¥971 million.」
For performance-based compensation linked to consolidated net income, actual results were a loss of ¥971.835 million against the ¥2,700 million plan. No performance-based compensation was paid. - FY2019First statedAnnual report
「To increase the linkage between performance-based compensation and the performance of the Group as a whole, consolidated net income is used as the performance metric, and the payment amount is determined by applying the allocation ratio resolved at the Board of Directors meeting held on 11 November 2019. The numerical plan for consolidated net income was ¥3,200 million, the consolidated earnings forecast for the fiscal year ending September 2019 stated in the Summary of Financial Results for the fiscal year ended September 2018 disclosed on 12 November 2018, while actual consolidated net income was ¥4,810 million.」
The company disclosed that consolidated net income was used as the performance metric for directors' performance-based compensation, with actual results of ¥4,810 million against the ¥3,200 million plan for the fiscal year ending September 2019.