Performance-linked executive compensation with clear accountability for results
First written in FY2018. 1 of 7 entries say "Restated". Latest entry: FY2026.
- FY2026Updated performance-linked compensation targets and resultsAnnual report
「For the fiscal year ending March 2026, the target profit for the year attributable to owners of the parent was ¥41,000 million, while actual profit was ¥35,457 million. The total amount of performance-linked compensation was determined using an appropriate performance-linked compensation coefficient approved by the Board of Directors following deliberation by the Compensation Committee.」
Disclosed that actual profit for the year was ¥35,457 million against a target of ¥41,000 million for the performance-linked compensation metric. - FY2024Updated performance-linked compensation targets and resultsAnnual report
「For the fiscal year ended March 2024, the target profit for the year attributable to owners of the parent was ¥52,000 million, while actual profit was ¥49,639 million. The total amount of performance-linked compensation was determined using an appropriate performance-linked compensation coefficient approved by the Board of Directors following deliberation by the Compensation Committee.」
Disclosed that actual profit for the year was ¥49,639 million against a target of ¥52,000 million for the performance-linked compensation metric. - FY2023Updated performance-linked compensation targets and resultsAnnual report
「For the fiscal year ended March 2023, the target profit for the year attributable to owners of the parent was ¥51,000 million, while actual profit was ¥45,784 million. The total amount of performance-linked compensation was determined using an appropriate performance-linked compensation coefficient approved by the Board of Directors following deliberation by the Compensation Committee.」
Disclosed that actual profit for the year was ¥45,784 million against a target of ¥51,000 million for the performance-linked compensation metric. - FY2022Disclosure of performance-linked compensation targets and resultsAnnual report
「For the fiscal year ended March 2022, the target profit for the year attributable to owners of the parent was ¥44,000 million, while actual profit was ¥44,093 million. The total amount of performance-linked compensation was determined using an appropriate performance-linked compensation coefficient approved by the Board of Directors following deliberation by the Compensation Committee.」
Disclosed that actual profit for the year attributable to owners of the parent, the performance-linked compensation metric, was ¥44,093 million against a target of ¥44,000 million. - FY2021Details the compensation structure and method for determining performance-linked compensationAnnual report
「Compensation for directors, excluding directors who are Audit and Supervisory Committee members and outside directors, is broadly divided into fixed compensation, performance-linked compensation and non-monetary compensation. Fixed compensation consists of director compensation and executive function compensation and is determined using position-based coefficients reflecting the scale and responsibility of each director’s area of responsibility and its impact on group management.」
Detailed the three-part structure, including non-monetary compensation in addition to the conventional fixed and performance-linked compensation, and the determination method using position-based coefficients and profit for the year attributable to owners of the parent. - FY2020RestatedAnnual report
「The total amount of performance-linked compensation is determined by multiplying profit for the year attributable to owners of the parent by a performance-linked compensation coefficient of no more than 3.0%. Individual allocations are then determined using position-based coefficients reflecting the scale and responsibility of each director’s area of responsibility and its impact on group management, together with individual evaluation coefficients.」
Restates the compensation policy combining fixed and performance-linked compensation, with allocations based on profit for the year attributable to owners of the parent, a coefficient of no more than 3.0%, and position-based and individual evaluation coefficients. - FY2018First statedAnnual report
「The company’s policy for determining the amount of executive compensation and the method of calculation is a performance-linked compensation system with clearly defined accountability for results. Compensation for directors, excluding directors who are Audit and Supervisory Committee members, is broadly divided into fixed and variable compensation. Fixed compensation is determined based on position, while variable compensation is allocated according to performance.」
Describes for the first time an executive compensation policy consisting of fixed compensation based on position and variable compensation allocated according to performance.