Executive compensation policy combining performance-linked and equity compensation
First written in FY2021. 5 of 6 entries say "Advanced", first in FY2022. Latest entry: 2026-06-29.
- 2026-06-29AdvancedGovernance
「取締役の業績評価のあり方については、指名・報酬委員会での検討を含め引き続き議論を行ってまいります。」
取締役の業績評価方法の見直しについて、指名・報酬委員会での検討を含む継続的な議論を明示している。 - FY2026AdvancedAnnual report
「Type of compensation | Director category | Base compensation | Performance-linked compensation | Equity compensation Representative Director and Chairman | approximately 85% | approximately 15% | none Representative Director and President | approximately 80% | approximately 15% | approximately 5% Other executive directors | approximately 80% | approximately 15% | approximately 5% Outside directors | 100% | none | none」
The company has updated the compensation structure by director category, specifying base compensation of 80%, performance-linked compensation of 15% and equity compensation of 5% for the Representative Director and President. - FY2025AdvancedAnnual report
「Consolidated net sales budget achievement rate: 103.0%; year-on-year consolidated net sales: 107.7%; consolidated ordinary income budget achievement rate: 141.6%; year-on-year consolidated ordinary income: 143.8%.」
Under its policy of calculating performance-linked compensation based on achievement levels for consolidated net sales and ordinary income, the company has specifically disclosed the comparison figures for the current fiscal year. - FY2023AdvancedAnnual report
「The composition of director compensation is as follows (assuming a 100% achievement rate for performance indicators): Representative Director and President: approximately 85%; approximately 15%; none. Other executive directors: approximately 80%; approximately 15%; approximately 5%. Outside directors: 100%; none; none.」
The company has specified the composition ratios for the Representative Director and President, other executive directors and outside directors under its policy of combining performance-linked and equity compensation. - FY2022AdvancedAnnual report
「The composition of director compensation is as follows (assuming a 100% achievement rate for performance indicators): Other executive directors: approximately 80%; approximately 15%; approximately 5%.」
For the compensation policy introduced in the preceding fiscal year, the company has specified the composition of base compensation, performance-linked compensation and equity compensation, assuming a 100% achievement rate for performance indicators. - FY2021First statedAnnual report
「To encourage a focus on improving performance in each fiscal year, cash compensation reflecting performance indicators is calculated based on the achievement levels when the actual consolidated net sales and ordinary income for the preceding fiscal year are compared with the targets for the preceding fiscal year and the actual results for the fiscal year before that. Under the restricted stock compensation plan, the company will provide the eligible directors with monetary claims as monetary compensation to be contributed as property for the acquisition of restricted stock, and will issue or dispose of the company’s common shares.」
The company has newly adopted a policy for individual director compensation, explicitly setting out a structure combining cash compensation linked to achievement levels for consolidated net sales and ordinary income with equity compensation.