Determination of director remuneration, including performance-linked bonuses
First written in FY2017. 7 of 11 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 117 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「The fair value of the points outstanding at the end of the previous consolidated fiscal year was ¥17 million, while the fair value of the points outstanding at the end of the current consolidated fiscal year was ¥41 million.」
Under the performance-linked stock compensation plan, 21,200 points were granted during the current fiscal year, bringing the closing balance to 34,800 points and their fair value to ¥41 million. - FY2026-H1AdvancedAnnual report
「In accordance with a resolution of the Board of Directors held on 8 August 2025, the Company acquired 50,000 treasury shares during the interim consolidated accounting period under its performance-linked stock compensation plan.」
Under the performance-linked stock compensation plan, the Company acquired 50,000 treasury shares in August 2025. It also disposed of 2,300 treasury shares following the retirement of an executive officer covered by the plan, providing concrete details of the plan's operation. - FY2025AdvancedAnnual report
「Director also serving as Representative Director and executive officer: basic remuneration 63%; bonus 27%; stock compensation 10%」
For performance-linked remuneration, the Company specified the ratios of basic remuneration, bonuses and stock compensation as 63%, 27% and 10%, respectively. Points under the stock compensation plan were also adjusted based on performance achievement, resulting in a closing balance of 15,840 points. - FY2024AdvancedAnnual report
「Increase from points granted 19,800; decrease from points forfeited —; decrease from points exercised —; closing balance 19,800」
Under the performance-linked stock compensation plan introduced in the previous fiscal year, 19,800 points were granted during the current fiscal year, and the closing balance was also 19,800 points. The Company also recognized ¥25 million in stock compensation expense. - FY2024-Q3RestatedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 27 June 2023, the Company acquired 67,500 treasury shares during the second-quarter consolidated accounting period. This resulted from the introduction of a new performance-linked stock compensation plan for the Company's directors, excluding non-executive directors, outside directors and non-residents of Japan, and executive officers, excluding non-residents of Japan.」
The Company reconfirmed in the third quarter the acquisition of 67,500 treasury shares in connection with the new performance-linked stock compensation plan and the accounting treatment of the plan. - FY2024-Q2AdvancedAnnual report
「Based on a resolution of the Annual General Meeting of Shareholders held on 27 June 2023, the Company acquired 67,500 treasury shares during the second-quarter consolidated accounting period. This resulted from the introduction of a new performance-linked stock compensation plan for the Company's directors, excluding non-executive directors, outside directors and non-residents of Japan, and executive officers, excluding non-residents of Japan.」
The Company introduced a new performance-linked stock compensation plan for directors and executive officers and acquired 67,500 treasury shares in connection with its implementation. - FY2023AdvancedAnnual report
「The amount is determined by the Board of Directors, based on the result calculated under a formula using coefficients and other factors resolved by the Board of Directors according to the degree of achievement of the consolidated operating profit target for each fiscal year, taking into account individual contributions and other factors and following recommendations from the independent advisory committee.」
The Company operates a performance-linked remuneration system reflecting achievement of the consolidated operating profit target and individual contributions, and paid ¥80 million in performance-linked remuneration to directors excluding outside directors during the current fiscal year. - FY2022AdvancedAnnual report
「The indicative ratio of basic remuneration to performance-linked remuneration when the target for consolidated operating profit in the final year of the medium-term management policy, the fiscal year ending March 2023, is achieved at 100% is as follows.」
For performance-linked remuneration, the Company disclosed specific ratios reflecting achievement of the consolidated operating profit target and individual contributions: 65% basic remuneration and 35% performance-linked remuneration for Representative Directors and directors who also serve as executive officers. - FY2019ReframedAnnual report
「Bonuses are determined by the Board of Directors in accordance with internal rules, taking into account the views of an independent advisory committee whose principal members are independent outside directors.」
The disclosure changed from entrusting allocation to the Representative Director to a system under which the Board of Directors determines bonuses based on the views of the independent advisory committee. The Company stated that no directors' bonuses would be paid for the current fiscal year. - FY2018RestatedAnnual report
「For bonuses, the Board of Directors first determines the total bonus pool linked to performance by resolution, after which the Representative Director is entrusted with allocating the amounts and determines each director's bonus based on the results achieved by that director.」
The Company restated its policy under which the Board of Directors determines the total performance-linked bonus pool and the Representative Director allocates it based on performance. - FY2017First statedAnnual report
「For bonuses, the Board of Directors first determines the total bonus pool linked to performance by resolution, after which the Representative Director is entrusted with allocating the amounts and determines each director's bonus based on the results achieved by that director.」
The Company identified for the first time as a topic its remuneration policy under which the Board of Directors determines the total performance-linked bonus pool and the Representative Director allocates it based on each director's results.