Executive incentives through performance-linked and share acquisition-based compensation
First written in FY2017. 6 of 10 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Other (disposal of treasury shares as restricted share-based compensation) 3,820 44,159」
The company disclosed the disposal of 3,820 treasury shares as restricted share-based compensation, with total disposal proceeds of ¥44.159 million. - 2026-09-04AdvancedGeneral Meetings of Shareholders
「Directors (excluding Audit & Supervisory Committee members and outside directors) 2,510 shares 4 people」
This shows the number of restricted stock compensation shares delivered to directors during the fiscal year. - FY2025AdvancedAnnual report
「Other (disposal of treasury shares as restricted share-based compensation) 5,447 40,471」
The company disclosed the disposal of 5,447 treasury shares as restricted share-based compensation, with total disposal proceeds of ¥40.471 million. - FY2024AdvancedAnnual report
「Other (disposal of treasury shares as restricted share-based compensation) 5,785 35,346」
The company disclosed the disposal of 5,785 treasury shares as restricted share-based compensation, with total disposal proceeds of ¥35.346 million. - FY2023AdvancedAnnual report
「The system has been revised to comprise 3 types of compensation for directors (excluding directors who are Audit and Supervisory Committee members): basic compensation (fixed compensation), performance-linked compensation (short-term incentive compensation), and share-based compensation (medium- to long-term incentive compensation).」
The system comprising 3 types of compensation, basic compensation, performance-linked compensation and share-based compensation, has been continued, and the company disclosed ¥26.510 million in share-based compensation and 6,621 restricted shares disposed of during the fiscal year. - FY2022AdvancedAnnual report
「Other (disposal of treasury shares as restricted stock compensation) 5,638 26,385,840」
The Company disclosed the disposal of 5,638 treasury shares as restricted stock compensation for total disposal proceeds of ¥26,385,840, confirming the implementation of the stock compensation system introduced in the previous fiscal year. - FY2021ReframedAnnual report
「As a result, the compensation system for directors, excluding directors who are Audit & Supervisory Committee members, was revised from its previous structure of base compensation (fixed compensation) and performance-linked compensation (short-term incentive compensation) to a system consisting of 3 types: base compensation (fixed compensation), performance-linked compensation (short-term incentive compensation), and stock compensation (medium- to long-term incentive compensation).」
The executive compensation system has been revised to consist of 3 types by adding medium- to long-term incentive compensation in the form of restricted stock to the previous base compensation and performance-linked compensation. - FY2020Performance target and achievement rate updatedAnnual report
「For the fiscal year, the performance metric for performance-linked compensation exceeded the ordinary profit target of ¥1,850 million, with actual ordinary profit of ¥2,142 million and an achievement rate of 115.8%.」
The system of base compensation and performance-linked compensation linked to ordinary profit continues, and the achievement rate of 115.8% against the ordinary profit target of ¥1,850 million for the fiscal year is disclosed. - FY2019ReframedAnnual report
「The compensation system for the Company's directors, excluding directors who are Audit & Supervisory Committee members, had previously consisted of base compensation (fixed compensation) and performance-linked compensation (short-term incentive compensation). It is described as consisting primarily of base compensation and performance-linked compensation linked to ordinary profit. Ordinary profit was adopted as the performance evaluation metric because it most clearly indicates the Company's performance and profitability for a single fiscal year, and the payment amount is calculated by multiplying the achievement rate by the standard coefficient for each position and an individual evaluation coefficient. Ordinary profit exceeded the target of ¥1,530 million, reaching ¥2,423 million, for an achievement rate of 158.4%.」
The share-purchase compensation previously disclosed has been removed from the current description of the compensation structure, which is now described as centered on base compensation and performance-linked compensation linked to ordinary profit. The achievement rate for the ordinary profit target is also disclosed specifically. - FY2017First statedAnnual report
「The compensation of the Company's directors, excluding directors who are Audit & Supervisory Committee members, consists of "base compensation" determined according to each director's responsibilities and position, "performance-linked compensation" calculated based on the Company's performance and each director's achievements, and "share-purchase compensation" used to purchase the Company's shares through the directors' shareholding association.」
The Company states its policy of structuring executive compensation as base compensation, performance-linked compensation and share-purchase compensation to encourage contributions to improved performance.