Performance-linked bonuses tied to consolidated ordinary profit
First written in FY2020. 4 of 7 entries say "Advanced", first in FY2021. Latest entry: FY2025.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「Beginning with the next fiscal year, the fiscal year ending August 2026 (the 48th fiscal year), the calculation basis for short-term performance-linked bonuses (STI) will change as follows. The achievement-based payout coefficient applied to the bonus benchmark amount will be based on consolidated operating profit and return on equity (ROE), from the perspectives of emphasizing profits from the core business and management efficiency in the use of shareholders' equity. The coefficient will be determined within a range of 0% to 200% based on the achievement level for each metric.」
Beginning with the fiscal year ending August 2026, the performance-linked bonus metrics will change from consolidated operating profit alone to a combined metric of consolidated operating profit and ROE. - FY2025AdvancedAnnual report
「The actual consolidated operating profit for the fiscal year was as stated in "Part 5. Accounting Status, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, ② Consolidated Statements of Income and Consolidated Statements of Comprehensive Income," and the achievement-based payout coefficient was 200%.」
For performance-linked bonuses based on consolidated operating profit, the achievement-based payout coefficient for the year reached the upper limit of 200%. - FY2024AdvancedAnnual report
「The actual consolidated operating profit for the fiscal year was as stated in "Part 5. Accounting Status, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, ② Consolidated Statements of Income and Consolidated Statements of Comprehensive Income," and the achievement-based payout coefficient was 130%.」
For performance-linked bonuses based on consolidated operating profit, the achievement-based payout coefficient for the fiscal year increased from 90% previously to 130%. - FY2023AdvancedAnnual report
「The actual consolidated operating profit for the fiscal year was as stated in "Part 5. Accounting Status, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, ② Consolidated Statements of Income and Consolidated Statements of Comprehensive Income," and the achievement-based payout coefficient was 90%.」
For performance-linked bonuses based on consolidated operating profit, the Company applied an achievement-based payout coefficient of 90% for the fiscal year. - FY2021AdvancedAnnual report
「The Company's performance-linked bonuses are calculated based on the following criteria and linked to the Company's performance in each consolidated fiscal year. From the perspective of pursuing profits from its core business, the Company calculates the achievement-based payout coefficient using consolidated operating profit. The coefficient is determined within a range of 0% to 200% based on performance against plan. The actual consolidated operating profit for the fiscal year was as stated in "Part 5. Accounting Status, 1. Consolidated Financial Statements, (1) Consolidated Financial Statements, ② Consolidated Statements of Income and Consolidated Statements of Comprehensive Income," and the achievement-based payout coefficient was 70%.」
For performance-linked bonuses, the Company calculates a payout coefficient ranging from 0% to 200% based on consolidated operating profit and applied a coefficient of 70% for the fiscal year. - FY2020ReframedAnnual report
「Beginning with the current consolidated fiscal year, the Company changed the basis for setting performance-linked bonuses from consolidated ordinary profit to consolidated operating profit, with the aim of pursuing profits from its core business, and revised the payout coefficients to better reflect performance.」
The performance-linked bonus metric was changed from consolidated ordinary profit to consolidated operating profit, and the payout coefficients based on performance against plan and the previous fiscal year were also revised. - FY2020First statedAnnual report
「The Company uses consolidated ordinary profit as the basis for setting performance-linked bonuses. The target and actual consolidated ordinary profit figures for performance-linked bonuses for the fiscal year were as follows: target plan ¥51,821 million, previous fiscal year ¥45,861 million, actual ¥36,377 million.」
For performance-linked bonuses for directors other than outside directors, the Company disclosed for the first time in specific terms a calculation method using payout coefficients based on performance against plan and the previous fiscal year for consolidated ordinary profit.