Director Compensation System Combining Performance-Linked and Equity Compensation
First written in FY2021. 4 of 8 entries say "Advanced", first in FY2022. Latest entry: FY2026.
- FY2026RestatedAnnual report
「Performance-linked compensation and other compensation are cash compensation reflecting key performance indicators (KPIs) to raise awareness of improving performance in each fiscal year. The calculated amount based on the achievement rate against the consolidated operating profit target for each fiscal year is added to and paid as monthly compensation.」
The company continues to use a compensation structure combining fixed compensation, compensation linked to achievement of consolidated operating profit, and restricted stock compensation. - FY2025RestatedAnnual report
「The basic policy is to establish a compensation structure for directors that functions sufficiently as an incentive for the sustainable enhancement of corporate value, and to set appropriate compensation levels for individual directors based on their respective responsibilities.」
The company continues to use a compensation structure combining fixed compensation, compensation linked to consolidated operating profit, and restricted stock compensation. Restricted stock compensation was recognized for 5 directors in the current fiscal year. - FY2025-H1AdvancedAnnual report
「18 July 2024 Note 1 38,400 13,002,216 20,678 1,863,995 20,678 207,995 Note 1: The increase resulted from the issuance of new shares for the grant of restricted stock compensation.」
The company issued 38,400 shares of restricted stock compensation to 5 directors under the compensation structure combining fixed compensation, performance-linked compensation, and equity compensation. - FY2024RestatedAnnual report
「Directors (excluding outside directors) 275,984 222,847 53,137 － 53,137 5」
The company disclosed the actual compensation amounts for the current fiscal year and the number of covered officers under the compensation structure combining fixed compensation, performance-linked compensation, and restricted stock compensation. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 27 June 2023, the Company resolved to issue new shares under its restricted stock compensation plan, and the payment procedures were completed on 18 July 2023.」
The company issued 35,200 shares to 5 directors under the compensation structure combining fixed compensation, performance-linked compensation, and restricted stock compensation. - FY2023AdvancedAnnual report
「Directors (excluding outside directors) 401,633 284,852 116,781 － 116,781 5」
The company disclosed the actual compensation amounts for the current fiscal year and the number of covered officers under the compensation structure combining fixed compensation, performance-linked compensation, and restricted stock compensation. - FY2022AdvancedAnnual report
「Performance-linked compensation and other compensation are cash compensation reflecting key performance indicators (KPIs) to raise awareness of improving performance in each fiscal year. The calculated amount based on the achievement rate against the consolidated operating profit target for each fiscal year is added to and paid as monthly compensation.」
The company disclosed specific details of the compensation structure comprising fixed compensation, cash compensation linked to achievement of consolidated operating profit, and restricted stock compensation, including the KPIs, compensation ratios, and annual limits of ¥200 million and 200,000 shares for equity compensation. - FY2021First statedAnnual report
「The basic policy is to establish a compensation structure for the company's directors that functions sufficiently as an incentive for the sustainable enhancement of corporate value, and to set appropriate compensation levels for individual directors based on their respective responsibilities. Specifically, compensation for directors other than outside directors consists of basic compensation as fixed compensation, performance-linked compensation and other compensation, and equity compensation. Outside directors receive only basic compensation in view of the nature of their duties.」
Following a resolution of the Board of Directors in February 2021, the company newly disclosed an individual compensation policy combining fixed compensation, compensation linked to the achievement rate of the consolidated operating profit target, and restricted stock compensation.