Policy on Individual Director Compensation and Performance-Linked Compensation
First written in FY2021. 2 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「(Stock-based compensation) Stock-based compensation consists of restricted stock compensation. The total amount of monetary compensation receivables granted to eligible directors is limited to ¥50 million per year, and the total number of common shares newly issued or disposed of is limited to 15,000 shares per year.」
In addition to the previous fixed compensation and performance-based bonuses, the company incorporated restricted stock compensation into its compensation structure and actually granted or disposed of 4,400 shares, worth ¥7.524 million, to 4 directors during the current fiscal year. - FY2023ReframedAnnual report
「The following serves as a guideline for the composition by type of compensation: Monthly compensation 30% to 70% Directors' bonuses 70% to 30% The respective percentages are determined so that the total percentage of monthly compensation and directors' bonuses is 100%.」
The company changed from the previous fixed guideline of 70% monthly compensation and 30% directors' bonuses to a policy under which the percentages are determined within a range of 30% to 70% for monthly compensation and 70% to 30% for directors' bonuses. Performance-based compensation for the current fiscal year was ¥74 million. - FY2022AdvancedAnnual report
「The following serves as a guideline for the composition by type of compensation: Monthly compensation 70% Directors' bonuses 30%」
The company applied a compensation policy based on approximately 70% fixed compensation and 30% performance-based bonuses to actual compensation decisions, and states that it paid ¥65 million in performance-based compensation to 5 directors during the current fiscal year. - FY2021First statedAnnual report
「Compensation and other remuneration for directors, excluding directors who are Audit and Supervisory Committee members, consists of fixed monthly compensation and performance-based directors' bonuses, and is paid within the limits approved by resolution of the General Meeting of Shareholders. The following serves as a guideline for the composition by type of compensation: Monthly compensation 70% Directors' bonuses 30%」
At a meeting of the Board of Directors held on 5 March 2021, the company adopted a policy for determining individual director compensation and other remuneration. This is the first record of a compensation structure consisting of approximately 70% fixed compensation and 30% performance-based bonuses.