Executive Compensation System Combining Fixed and Performance-Based Compensation
First written in FY2018. 6 of 9 entries say "Restated". Latest entry: FY2026.
- FY2026RestatedAnnual report
「Performance-linked compensation is paid in cash, with the aim of raising awareness of improving performance in each fiscal year, and reflects performance indicators. Each year, at a specified time, an amount calculated according to the degree of achievement against the operating profit target for the relevant fiscal year is paid, subject to an overall cap of 1.5% of operating profit.」
The company has reconfirmed its policy on performance-linked compensation based on fixed compensation, the achievement rate for the operating profit target, and a cap of 1.5% of operating profit. No performance-linked compensation was paid for the fiscal year. - FY2025RestatedAnnual report
「Performance-linked compensation is paid in cash, with the aim of raising awareness of improving performance in each fiscal year, and reflects performance indicators. Each year, at a specified time, an amount calculated according to the degree of achievement against the operating profit target for the relevant fiscal year is paid, subject to an overall cap of 1.5% of operating profit.」
The Company continues its policy of fixed compensation and performance-linked compensation based on the degree of achievement of the operating profit target, with a cap of 1.5% of operating profit. No performance-linked compensation was paid for the fiscal year under review. - FY2024RestatedAnnual report
「Performance-linked compensation is paid in cash, with the aim of raising awareness of improving performance in each fiscal year, and reflects performance indicators. Each year, at a specified time, an amount calculated according to the degree of achievement against the operating profit target for the relevant fiscal year is paid, subject to an overall cap of 1.5% of operating profit.」
The company continues its policy of fixed compensation and performance-linked compensation based on the degree of achievement of operating profit targets, subject to a cap of 1.5% of operating profit. No performance-linked compensation was paid for the fiscal year. - FY2023RestatedAnnual report
「Performance-linked compensation is paid in cash, with the aim of raising awareness of improving performance in each fiscal year, and reflects performance indicators. Each year, at a specified time, an amount calculated according to the degree of achievement against the operating profit target for the relevant fiscal year is paid, subject to an overall cap of 1.5% of operating profit.」
The company continues its policy of determining fixed compensation and performance-linked compensation based on the degree of achievement of the operating profit target, subject to a cap of 1.5%. No performance-linked compensation was paid for the current fiscal year. - FY2022RestatedAnnual report
「Performance-linked compensation is cash compensation reflecting performance indicators to raise awareness of improving performance in each business year. An amount calculated based on the degree of achievement against the target consolidated operating profit for each business year is paid annually at a specified time, with the total capped at 1.5% of consolidated operating profit.」
The company continues its policy of determining fixed compensation and performance-linked compensation based on the degree of achievement of the consolidated operating profit target, subject to a cap of 1.5%. Performance-linked compensation for the current fiscal year is zero. - FY2021Formalized the policy for determining executive compensationAnnual report
「Performance-linked compensation is paid in cash and reflects performance indicators to raise awareness of improving performance in each fiscal year. Bonuses are paid annually at a specified time, based on an amount calculated according to the degree of achievement against the consolidated operating profit target for each fiscal year, with an aggregate cap of 1.5% of consolidated operating profit.」
With regard to the fixed and performance-linked compensation systems, a policy for determining individual compensation based on the degree of achievement of the consolidated operating profit target and a ceiling of 1.5% was formalized by a resolution of the Board of Directors in February 2021. - FY2020RestatedAnnual report
「Representative Director and President Matsuzaki Kentaro (松﨑健太郎) has the authority to determine individual compensation amounts according to each person's contribution, comprising a fixed compensation component that comprehensively considers the individual's role and responsibilities and a performance-linked compensation component capped at 1.5% of consolidated operating profit for the fiscal year under review. The amounts are determined at monthly meetings of the Board of Directors after taking into account deliberations and reporting matters appropriate to each person's responsibilities.」
The company continues to apply fixed remuneration and performance-linked remuneration capped at 1.5% of consolidated operating profit, with the decision-making procedure conducted at the monthly Board of Directors meetings. There was no performance-linked remuneration during the current fiscal year. - FY2019Detailed the criteria for determining executive compensationAnnual report
「Representative Director and President Matsuzaki Kentaro (松﨑健太郎) has the authority to determine individual compensation amounts according to each person's contribution, comprising a fixed compensation component that comprehensively considers the individual's role and responsibilities and a performance-linked compensation component capped at 1.5% of consolidated operating profit for the fiscal year under review. The amounts are determined at monthly meetings of the Board of Directors after taking into account deliberations and reporting matters appropriate to each person's responsibilities.」
Regarding the fixed and performance-linked compensation systems, the company has specified the calculation standard under which 1.5% of consolidated operating profit is the aggregate upper limit for the performance-linked component, as well as the procedure for decisions at the monthly Board of Directors meetings. It states that there was no performance-linked compensation component in the fiscal year under review. - FY2018First statedAnnual report
「Directors' compensation, excluding directors who are Audit and Supervisory Committee members, consists of a fixed compensation component set uniformly for each position and a performance-linked component that varies according to performance. Compensation for directors who are Audit and Supervisory Committee members consists solely of a fixed compensation component.」
The company has disclosed a compensation system that combines fixed and performance-linked compensation for executive directors, while providing audit and supervisory committee members with fixed compensation only.