Executive compensation policy linked to operating profit achievement and other performance measures
First written in FY2021. 2 of 3 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 41 companies on the "Worse" side.
31 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Bonuses, which form part of performance-linked compensation, are paid based on achievement of budget targets for net sales and operating profit, taking into account each officer’s contribution to performance and providing compensation in line with that evaluation. Actual results for these metrics were consolidated net sales of ¥23,143 million and consolidated operating profit of ¥1,239 million.」
The company provides specific disclosure of performance-linked compensation based on achievement of budget targets for net sales and operating profit, together with the actual results for the fiscal year. - FY2022AdvancedAnnual report
「Compensation for the company’s directors consists of fixed compensation and performance-linked compensation. The level and mix of compensation are set based on comparisons with other domestic companies in the same industry and of similar size, as well as the company’s financial condition. Performance-linked compensation is increased or decreased based on the degree to which operating profit targets in the budget are achieved.」
The company disclosed a specific compensation policy combining fixed and performance-linked compensation and reflecting the degree of operating profit achievement against the budget in compensation amounts. - FY2021First statedAnnual report
「Compensation for the company’s directors consists of fixed compensation and performance-linked compensation. The level and mix of compensation are set based on comparisons with other domestic companies in the same industry and of similar size, as well as the company’s financial condition. Performance-linked compensation is increased or decreased based on the degree to which operating profit targets in the budget are achieved.」
The board of directors resolved the policy for individual compensation and, for the first time, explicitly stated its policy of combining fixed and performance-linked compensation and reflecting achievement of budget targets, including operating profit, in bonuses.