Deliberation of executive compensation policies by the Governance Committee
First written in FY2020. 2 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026RaisedAnnual report
「The maximum amount of compensation is 85% of fixed compensation.」
The upper limit for performance-linked compensation has been raised from the maximum of 50% of fixed compensation stated in the previous fiscal year to 85%. In addition, the Governance Committee changed its name to the Nomination and Compensation Advisory Committee from April 2026. - FY2024AdvancedAnnual report
「Performance-linked compensation is set based on the previous year’s consolidated sales, profit and other performance assessments, and the achievement rate for goals in 2 categories: individual and divisional performance. The maximum amount of compensation is 50% of fixed compensation.」
The method for calculating performance-linked compensation through deliberation of the compensation policy by the Governance Committee has been specified, using consolidated sales, profit and other metrics and achievement rates for individual and divisional performance goals, with performance-linked compensation capped at 50% of fixed compensation. - FY2023AdvancedAnnual report
「The Governance Committee consists of outside directors, outside audit & supervisory board members and representative directors, and the Board of Directors consults it on important matters such as the basic policies for nominations and compensation. The chair is an outside officer.」
In addition to deliberating the executive compensation policy, the disclosure states that nominations of directors and others are also subject to consultation, and that an outside officer serves as chair. The committee met 3 times during the current fiscal year to consider nominations and compensation. - FY2020First statedAnnual report
「The basic compensation policy for officers is deliberated by the Governance Committee, which consists of 2 outside directors, 2 outside audit & supervisory board members and 2 internal directors.」
The mechanism for deliberating the basic policy on executive compensation through the Governance Committee, including outside directors and outside audit & supervisory board members, is disclosed for the first time.