Transparency in Executive Compensation Decisions and Performance-Based Compensation
First written in FY2019. 3 of 5 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
10 other companies' latest entry also says "Other".
- FY2026Short-term performance-linked compensation KPI not achievedAnnual report
「Consolidated operating income 1,000 755 50%” / “Profit attributable to owners of the parent 400 100 50%」
For short-term performance-linked compensation in fiscal 2025, consolidated operating income was ¥75.5 billion against a target of ¥100 billion, while profit attributable to owners of the parent was ¥10 billion against a target of ¥40 billion. - FY2025AdvancedAnnual report
「For fiscal 2024, from the perspective of sharing value with shareholders while demonstrating sustained profitability, we selected consolidated operating income and profit attributable to owners of the parent as the indicators, with the target levels set at the figures in the annual plan.」
For performance-linked compensation, the short-term KPIs for fiscal 2024 were set at ¥190 billion for consolidated operating income and ¥144 billion for profit attributable to owners of the parent. Actual results were ¥138.8 billion and ¥41 billion, respectively. - FY2024AdvancedAnnual report
「In conjunction with efforts under the new medium-term management plan, Challenge 2025, we partially revised the executive compensation system by lowering the proportion of fixed compensation and increasing the proportion of performance-linked compensation.」
For executive compensation, the company lowered the proportion of fixed compensation and increased the proportion of performance-linked compensation in line with Challenge 2025. The short-term indicators are consolidated operating income and profit attributable to owners of the parent, while the medium- to long-term indicators are EBITDA, ASEAN contribution margin, CO₂ emissions and employee engagement. - FY2020AdvancedAnnual report
「The indicators selected were ① consolidated operating income, ② consolidated free cash flow and ③ fixed-cost reductions. In setting these indicators, we added ③, which had become an urgent management issue, to ① and ②, which had been used previously.」
For performance-linked executive compensation, the company introduced fixed-cost reductions as a new performance indicator in addition to consolidated operating income and consolidated free cash flow. - FY2019First statedAnnual report
「To ensure transparency and objectivity in the procedures for determining executive compensation, we established a voluntary Nomination and Compensation Committee as an advisory body to the Board of Directors on 17 December 2018.」
For executive compensation, the company introduced a structure in which a Nomination and Compensation Committee, with a majority of outside directors, deliberates on compensation policies, levels, composition and performance-linked mechanisms. The performance-linked indicators are consolidated operating income of ¥115 billion, free cash flow of ¥30 billion and quality control targets.