Reduction of Executive Compensation and Review of Board Structure
First written in FY2024-Q1. 1 of 2 entries say "Advanced", first in FY2024-Q3. Latest entry: FY2024-Q3.
The whole theme swung hardest in 2024: 8 of 45 companies on the "Worse" side.
21 other companies' latest entry also says "Advanced".
- FY2024-Q3AdvancedAnnual report
「To achieve faster business operations by clarifying the division of responsibilities between management oversight and business execution, we reduced the number of officers and established a new, more efficient management structure.」
The company reviewed its structure, including reducing the number of officers, and established a new structure with a clearly defined division between oversight and execution. - FY2024-Q1First statedAnnual report
「For the fiscal year ended June 2023, the company and 藤久 implemented reductions of 10% to 33% from the previous fiscal year, excluding newly appointed directors, and implemented further reductions of 10% to 20% from the previous fiscal year in the current fiscal year ending June 2024.」
As a response to structural reforms and a loss-making financial year, executive compensation was reduced in the previous and current fiscal years. The company is also considering a review of its board structure, including reducing the number of directors.