ROE-linked short-term and medium- to long-term performance-linked compensation
First written in FY2016. 9 of 16 entries say "Advanced", first in FY2021-Q1. Latest entry: 2026-08-14.
- FY2026AdvancedAnnual report
「ROE for the current consolidated fiscal year was 9.3%, and the compensation amount was calculated in accordance with the calculation method for short-term performance-linked compensation.」
ROE recovered from 7.6% in the previous fiscal year to 9.3%, reaching the payment criterion of at least 8%, and ¥50 million in short-term performance-linked compensation was recorded. - FY2025No short-term performance-linked compensation was paid because the ROE target was not metAnnual report
「ROE for the current consolidated fiscal year was 7.6%, below the 8% payment criterion for short-term performance-linked monetary compensation. Accordingly, no short-term performance-linked compensation was paid for the current consolidated fiscal year.」
Because ROE was below the 8% payment criterion, no short-term performance-linked compensation was paid for the fiscal year. - FY2024AdvancedAnnual report
「ROE for the current consolidated fiscal year was 14.6%, and the compensation amount was calculated in accordance with the calculation method for short-term performance-linked compensation.」
Based on ROE of 14.6%, the Company disclosed the current-period operating results for the calculation and payment of short-term performance-linked compensation. Actual executive compensation amounted to ¥79 million in performance-linked compensation and ¥24 million in non-monetary compensation. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 July 2023, the Company resolved to dispose of treasury shares as restricted stock compensation (hereinafter, the “Treasury Share Disposal”).」
For restricted stock compensation, the Company resolved to dispose of 15,550 common shares to 5 directors, with 15 August 2023 set as the payment date. - FY2023AdvancedAnnual report
「ROE for the current consolidated fiscal year was 12.2%, and the compensation amount was calculated in accordance with the calculation method for short-term performance-linked compensation.」
Short-term performance-linked compensation was calculated based on ROE of 12.2%, and the operating results of the performance-linked compensation plan were disclosed. - FY2023-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 21 July 2022, the Company resolved to dispose of treasury shares as restricted stock compensation (hereinafter, the “Treasury Share Disposal”).」
For restricted stock compensation, the Company resolved to dispose of 28,900 common shares to 5 directors, with 16 August 2022 set as the payment date. - FY2022AdvancedAnnual report
「Short-term performance-linked compensation is monetary compensation reflecting performance indicators to raise awareness of improving performance in each fiscal year. An amount based on the level of return on equity for each fiscal year (ROE, with priority given to consolidated results) is paid as a bonus after the end of the fiscal year in which the payment threshold is reached. The payment criteria take the cost of capital into account in order to incorporate a shareholder perspective into management, and payment is made when ROE (with priority given to consolidated results) is at least 8%.」
The plan was put into concrete form with ROE of at least 8% as the payment criterion for short-term performance-linked compensation. It was explained that no short-term compensation was paid for the current-period ROE of 8.4%, because ROE after payment would have fallen below the criterion. - FY2022-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 26 July 2021, the Company resolved to dispose of treasury shares as restricted stock compensation. The class and number of shares to be disposed of are 23,520 shares of the Company’s common stock, and the recipients are 4 Company directors (excluding directors who are Audit and Supervisory Committee members). The payment date is 10 August 2021.」
For the restricted stock compensation plan, the Company resolved to dispose of 23,520 treasury shares to 4 directors, advancing to the specific delivery stage. - FY2021-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 28 May 2020, the Company resolved to introduce a stock compensation plan under which restricted shares would be delivered to the Company’s directors (excluding directors who are Audit and Supervisory Committee members; hereinafter, the “Eligible Directors”), with the aim of sharing with shareholders the benefits and risks of share price movements and further increasing the Eligible Directors’ motivation to contribute to share price appreciation and growth in corporate value. … 11 August 2020 … 4 Company directors (*) 24,240 shares」
The restricted stock compensation plan presented in the previous fiscal year was put into concrete form through a Board resolution, shareholder approval and the issuance of 24,240 shares to 4 directors. - FY2020ReframedAnnual report
「Short-term performance-linked compensation is based on return on equity (ROE), a key management indicator for the company, with priority given to consolidated financial results, within a compensation structure that takes the cost of capital into account. For medium- to long-term performance-linked compensation, the company has introduced a restricted stock compensation plan to share the benefits and risks of share-price movements with shareholders and further encourage contributions to share-price appreciation and the enhancement of corporate value.」
The compensation structure was revised to maintain ROE-linked short-term compensation while introducing new payment criteria that take the cost of capital into account, together with a restricted stock compensation plan. - FY2019Reduction in fixed compensation due to deteriorating performanceAnnual report
「In the current fiscal year, the board of directors decided, in light of the performance and dividend situation for the fiscal year ended March 2019, to reduce the monthly compensation of the representative president and vice president by 15% and that of directors responsible for business execution by 10%.」
In addition to the ROE-linked compensation policy, the company reduced the fixed compensation of the representative president, vice president and directors responsible for business execution in light of current-year performance and the absence of a dividend. - FY2018RestatedAnnual report
「Performance-linked compensation is determined as follows based on return on equity (ROE).」
The company restated its policy of linking short- and medium- to long-term performance-linked compensation to ROE and stated that short-term compensation is ¥0 for ROE below 5%, ¥20 million for ROE of 5% or more but less than 8%, ¥40 million for ROE of 8% or more but less than 12%, and ¥65 million for ROE of 12% or more. - FY2017RestatedAnnual report
「Performance-linked compensation consists of short-term performance-linked compensation based on performance in each fiscal year and medium- to long-term performance-linked compensation designed to increase awareness of contributions to medium- to long-term performance and the enhancement of corporate value. No performance-linked compensation was paid in the current fiscal year.」
The company restated its compensation policy comprising short- and medium- to long-term performance-linked compensation and stated that no such compensation was paid in the current fiscal year. - FY2016First statedAnnual report
「Following the transition to a company with an Audit and Supervisory Committee upon a resolution at the 21st Annual General Meeting of Shareholders held on 18 June 2016, the company reviewed its compensation structure. Directors' compensation continues to comprise fixed compensation and performance-linked compensation, with the latter consisting of short-term performance-linked compensation based on performance in each fiscal year and medium- to long-term performance-linked compensation designed to increase directors' awareness of their contribution to medium- to long-term performance and the enhancement of corporate value.」
The company has stated a policy under which directors' compensation comprises fixed compensation and short- and medium- to long-term performance-linked compensation.