Performance-linked Executive Compensation Based on Net Operating Revenue
First written in FY2019. 1 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 25 companies on the "Worse" side.
15 other companies' latest entry also says "Other".
- FY2026Performance-linked compensation increasedAnnual report
「Net operating revenue for the fiscal year was ¥4,881 million, up 17.0% year on year. If the proposal concerning the payment of executive bonuses is approved at the Annual General Meeting of Shareholders scheduled for 23 June 2026, performance-linked compensation for the fiscal year is expected to total ¥73,450 thousand, compared with ¥58,450 thousand in the previous fiscal year.」
As net operating revenue increased, performance-linked compensation is expected to increase from ¥58.45 million in the previous fiscal year to ¥73.45 million. - FY2025SoftenedAnnual report
「If this proposal is approved, compensation for outside directors, internal Audit & Supervisory Board members and outside Audit & Supervisory Board members will consist of fixed compensation and retirement benefits for directors, and no performance-linked compensation will be paid to these individuals from the fiscal year ending March 2026 onward. Performance-linked compensation for the fiscal year is expected to total ¥58,450 thousand, compared with ¥84,680 thousand in the previous fiscal year.」
Total performance-linked compensation is expected to decrease from ¥84.68 million in the previous fiscal year to ¥58.45 million, and the Company plans not to pay performance-linked compensation to outside directors or Audit & Supervisory Board members from the fiscal year ending March 2026 onward. - FY2024Performance-linked compensation increasedAnnual report
「Net operating revenue for the fiscal year was ¥4,796 million, up 25.7% year on year, and actual performance-linked compensation for the fiscal year totaled ¥84,680 thousand, compared with ¥44,160 thousand in the previous fiscal year.」
As net operating revenue increased, actual performance-linked compensation increased from ¥44,160 thousand in the previous fiscal year to ¥84,680 thousand. - FY2023Actual performance-linked compensation decreasedAnnual report
「Net operating revenue for the fiscal year was ¥3,814 million, down 15.1% year on year, and actual performance-linked compensation for the fiscal year totaled ¥44,160 thousand, compared with ¥63,280 thousand in the previous fiscal year.」
As net operating revenue declined, actual performance-linked compensation decreased from ¥63,280 thousand in the previous fiscal year to ¥44,160 thousand. - FY2022AdvancedAnnual report
「Net operating revenue for the fiscal year was ¥4,492 million, down 9.2% year on year, and actual performance-linked compensation for the fiscal year totaled ¥63,280 thousand, compared with ¥91,360 thousand in the previous fiscal year.」
The Company disclosed actual performance-linked compensation of ¥63,280 thousand for the fiscal year under its policy of determining performance-linked compensation based on net operating revenue. - FY2021Formalization of the policy for determining executive compensationAnnual report
「<Basic policy>・The compensation structure for directors is designed to function as a sound incentive for sustainable growth. ・The compensation structure reflects each executive’s role and responsibilities and ensures transparency and fairness. ・The compensation structure is linked to company performance and reflects responsibilities and results.」
The Company formalized its policy for determining compensation to include base compensation, performance-linked compensation, retirement benefits for directors, applicable rules, and linkage to roles and results, replacing the previous policy of basing performance-linked compensation on net operating revenue. - FY2020RestatedAnnual report
「Performance-linked compensation for each fiscal year is considered based on net operating revenue for the period, taking comprehensive account of changes in headcount, dividends, employee compensation levels, trends at other companies, medium- to long-term performance and past payment results.」
The Company considers performance-linked compensation based on net operating revenue and other factors, and reaffirmed its policy of not setting performance-linked compensation metrics because market conditions fluctuate significantly. - FY2019First statedAnnual report
「Performance-linked compensation is considered based on net operating revenue for each period, taking comprehensive account of changes in headcount, dividends, employee compensation levels, trends at other companies, medium- to long-term performance and past payment results. As the Company operates a financial instruments business and its performance fluctuates significantly in response to stock market conditions, it does not set targets.」
The Company stated that performance-linked compensation is determined based on net operating revenue and other factors, while no targets are set because performance fluctuates significantly with stock market conditions.