Introduction of an Executive Compensation Structure Including Performance-Linked Compensation
First written in FY2022. 2 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026Updated current-year achievement rates for performance-linked compensationAnnual report
「Achievement rate for consolidated net sales (versus budget), 102.09% | Achievement rate for consolidated net sales (versus previous-year results), 106.84% | Achievement rate for consolidated operating profit (versus budget), 96.67% | Achievement rate for consolidated operating profit (versus previous-year results), 115.74% | Achievement rate for EPS (consolidated profit per share) (versus budget), 109.44% | Achievement rate for EPS (consolidated profit per share) (versus previous-year results), 130.98%」
The company disclosed current-year achievement rates against the budget and previous-year results for performance-linked compensation based on net sales, operating profit and EPS. - FY2025Disclosed current-year achievement rates for performance-linked compensationAnnual report
「Achievement rate for consolidated net sales (versus budget), 98.09% | Achievement rate for consolidated net sales (versus previous-year results), 104.99% | Achievement rate for consolidated operating profit (versus budget), 77.96% | Achievement rate for consolidated operating profit (versus previous-year results), 91.54% | Achievement rate for EPS (consolidated profit per share) (versus budget), 83.42% | Achievement rate for EPS (consolidated profit per share) (versus previous-year results), 87.89%」
The company disclosed current-year achievement rates for performance-linked compensation based on net sales, operating profit and EPS against the budget and previous-year results. - FY2024AdvancedAnnual report
「Performance metric | Weight | Achievement rate | Achievement rate for consolidated net sales (versus budget), 15%: 100.22% | Achievement rate for consolidated net sales (versus previous-year results), 15%: 105.03% | Achievement rate for consolidated operating profit (versus budget), 20%: 152.29% | Achievement rate for consolidated operating profit (versus previous-year results), 20%: 162.21% | Achievement rate for EPS (consolidated profit per share) (versus budget), 15%: 148.11% | Achievement rate for EPS (consolidated profit per share) (versus previous-year results), 15%: 153.62%」
During the current fiscal year, the company applied a calculation based on achievement against the budget and previous-year results for net sales, operating profit and EPS in determining performance-linked compensation. - FY2023AdvancedAnnual report
「The performance metrics are coefficients calculated based on consolidated net sales, consolidated operating profit and EPS (consolidated profit per share), according to the degree of achievement against the target value for each metric (the business plan value) and the previous year's actual results.」
The company disclosed the operating details of its performance-linked compensation, using achievement against targets for consolidated net sales, operating profit and EPS, as well as against the previous year's actual results, in calculating compensation. - FY2022First statedAnnual report
「At a meeting of the Company's Board of Directors held on 11 May 2022, the Company resolved to revise its previous compensation structure of base compensation and bonuses and introduce, from July 2022, two compensation categories: base compensation as fixed compensation and performance-linked compensation, etc. as variable compensation.」
The company announced a policy to revise its previous base compensation and bonus structure and introduce two categories from July 2022: base compensation and performance-linked compensation, etc. The composition for executive directors is 88% base compensation and 12% performance-linked compensation, etc.