Linking Executive Compensation to Corporate Performance Through Performance-Linked Compensation
First written in FY2021. 5 of 6 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
56 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The targets and actual results for the performance-based compensation indicators for fiscal 2025 were as follows. Targets (¥ million): consolidated operating income 7,500; net income attributable to owners of the parent 4,400. Actual results (¥ million): consolidated operating income 3,369; net income attributable to owners of the parent 2,367.」
The company disclosed the fiscal 2025 targets and actual results for operating income and net income attributable to owners of the parent under its performance-based compensation system. As neither target was achieved, no bonuses were paid to directors. - FY2025AdvancedAnnual report
「No bonuses were paid to directors as performance-based compensation for the fiscal year under review. The targets and actual results for the performance-based compensation indicators for fiscal 2024 were as follows.」
Under the performance-based compensation system for fiscal 2024, actual consolidated operating income was ¥3,740 million against the target of ¥11,500 million, while actual net income attributable to owners of the parent was ¥37 million against the target of ¥7,400 million. No bonuses were paid to directors. - FY2024AdvancedAnnual report
「No bonuses were paid to directors as performance-based compensation for the fiscal year under review. The targets and actual results for the performance-based compensation indicators for fiscal 2023 were as follows. Consolidated operating income 10,000 9,422 Net income attributable to owners of the parent 6,200 △21,291」
Under the performance-based compensation system, actual operating income was ¥9,422 million against the fiscal 2023 target of ¥10,000 million, while actual net income attributable to owners of the parent was a loss of ¥21,291 million against the target of ¥6,200 million. No bonuses were paid to directors. - FY2023AdvancedAnnual report
「The targets and actual results for the performance-based compensation indicators for fiscal 2022 were as follows. The target for consolidated operating income was ¥9,300 million, compared with an actual result of ¥12,939 million. The target for net income attributable to owners of the parent was ¥6,300 million, compared with an actual result of ¥2,273 million.」
The company disclosed the targets and actual results for fiscal 2022 under its performance-based compensation system. Operating income exceeded its target, while net income attributable to owners of the parent fell short of its target. - FY2022AdvancedAnnual report
「The targets and actual results for the performance-based compensation indicators for fiscal 2021 were as follows. The target for consolidated operating income was ¥6,200 million, compared with an actual result of ¥8,798 million. The target for net income attributable to owners of the parent was ¥4,200 million, compared with an actual loss of ¥12,124 million.」
The company has made its performance-based compensation system more concrete by using consolidated operating income and net income attributable to owners of the parent, together with annual targets, actual results and the calculation process. - FY2021First statedAnnual report
「The company uses consolidated operating income and net income attributable to owners of the parent as performance indicators for performance-based compensation. These indicators were adopted because they are objective and transparent and contribute to increasing common interests with shareholders.」
The company stated that consolidated operating income and net income attributable to owners of the parent would be used as performance indicators for executive compensation. For fiscal 2020, the targets were operating income of ¥2,900 million and net income attributable to owners of the parent of ¥1,400 million, while actual results were ¥2,971 million and ¥2,038 million, respectively.