Director compensation policy linked to enterprise value and shareholder returns
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2023. Latest entry: FY2023.
1 other company's latest entry also says "Advanced".
- FY2023AdvancedAnnual report
「The amount of this bonus is calculated within a range of 0% to 2% of net income for the current period, taking into account the appropriate return of profits to shareholders and the continuation and maintenance of stable dividends, and the allocation is determined by comprehensively considering the actual growth rates of net sales and ordinary income over the most recent several years and the rates of achievement against their targets.」
The policy specifies that performance-linked bonuses for directors are calculated at 0% to 2% of net income for the current period, with the growth rates and target achievement rates for net sales and ordinary income used as allocation criteria. - FY2021First statedAnnual report
「The basic policy is to structure director compensation with due consideration for shareholder returns so that it functions effectively as an incentive to achieve sustained improvement in enterprise value, while setting compensation for each director at an appropriate level based on the director's position and responsibilities, the Company's operating environment and other factors. Specifically, director compensation principally comprises basic compensation as fixed compensation and performance-linked compensation.」
The compensation policy for individual directors established by the Board of Directors expressly provides that fixed compensation and performance-linked compensation are the basic components, with consideration given to sustained improvement in enterprise value and shareholder returns.