Performance-linked compensation tied to achievement of revenue and operating profit
First written in FY2022. 1 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 42 companies on the "Worse" side.
26 other companies' latest entry also says "Other".
- FY2026Nonpayment of Performance-Linked CompensationAnnual report
「No performance-linked compensation was paid for the current fiscal year because the targets were not achieved.」
The annual operating profit target was not achieved, and no performance-linked compensation was paid for the year. It was also stated that no restricted stock compensation was granted during the year. - FY2024Waiver of cash compensation and introduction of restricted stock compensationAnnual report
「For the current fiscal year, operating profit exceeded the amount stated in the full-year earnings forecast announced on 15 May 2023, but all directors eligible for payment declined to receive the compensation in light of the management situation. In addition, at the ninth Annual General Meeting of Shareholders held on 28 June 2024, it was resolved that compensation of up to ¥50 million per year would be paid separately from the monetary compensation to provide restricted stock to directors, excluding outside directors.」
Although operating profit exceeded the full-year earnings forecast, all eligible directors declined to receive performance-linked compensation for the year. Separately from cash compensation, the introduction of restricted stock compensation, with an annual cap of ¥50 million, was approved at the general meeting of shareholders. - FY2023AdvancedAnnual report
「For the current fiscal year, the company exceeded the operating profit stated in the full-year earnings forecast announced on 13 May 2022, and therefore paid the maximum amount.」
Operating profit exceeded the full-year earnings forecast, resulting in the maximum payout ratio for performance-linked compensation. - FY2022First statedAnnual report
「To raise awareness of improving performance in each fiscal year, cash compensation linked to performance is calculated by comparing actual revenue and operating profit for the previous fiscal year with the targets for that fiscal year, based on the level of achievement, and paid at a specified time each year.」
A policy was first documented stating that performance-linked compensation is calculated according to the level of achievement against revenue and operating profit targets. The compensation mix was also stated as approximately 85% fixed compensation and approximately 15% performance-linked compensation.