Compensation Policy Limiting Director Compensation to Fixed Compensation
First written in FY2021. 2 of 5 entries say "Restated". Latest entry: FY2025.
62 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Specifically, compensation comprises basic compensation and share-based compensation. Outside directors, whose role is to provide oversight, receive only predetermined basic compensation in view of their duties.」
The company continues its policy of structuring director compensation as basic compensation and restricted share-based compensation, with outside directors receiving only basic compensation. - FY2024RestatedAnnual report
「Specifically, compensation comprises basic compensation and share-based compensation. Outside directors, whose role is to provide oversight, receive only predetermined basic compensation in view of their duties.」
The company continues its policy of structuring director compensation as basic compensation and restricted share-based compensation, with outside directors receiving only basic compensation. During the fiscal year, it recognized ¥9 million in share-based compensation. - FY2023AdvancedAnnual report
「Separately from the above compensation limit, at the 49th Ordinary General Meeting of Shareholders held on 22 December 2022, the company resolved that the limit on restricted share-based compensation for directors, excluding outside directors (hereinafter, “eligible directors”), would be no more than ¥70 million per year, excluding employee salaries, and that the annual share limit would be no more than 140 thousand shares.」
Following the change from the previous policy centered on fixed compensation, the company introduced restricted share-based compensation and recognized ¥7 million in share-based compensation and transferred 135,408 shares during the fiscal year. - FY2022ReframedAnnual report
「At the Ordinary General Meeting of Shareholders held on 22 December 2022, the company resolved, separately from the above compensation limits, to set annual compensation through restricted shares at no more than ¥70 million (no more than 140 thousand shares per year), and changed its policy concerning the determination of the amount of directors’ compensation and other payments, or the method for calculating it.」
The policy changed on 22 December 2022 from one providing only monthly fixed compensation to one comprising basic compensation and restricted share-based compensation. - FY2021First statedAnnual report
「Specifically, compensation consists solely of monthly fixed cash compensation, with no performance-linked or non-monetary compensation paid.」
The company states a policy of paying directors whose compensation is intended to achieve sustained, medium- to long-term growth in corporate value only monthly fixed compensation, with no performance-linked or non-monetary compensation.