Introduction of Performance-Linked Compensation
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2020: 5 of 25 companies on the "Worse" side.
8 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「Operating profit was used as the KPI for the fiscal year, but the actual results did not meet the threshold, so no performance-linked remuneration was recognized.」
The Company continues to operate a performance-linked remuneration scheme based on operating profit as the KPI, with payments made according to the degree of achievement, but no payment was made for the fiscal year because the threshold was not met. - FY2022RestatedAnnual report
「Operating profit was used as the KPI for the fiscal year, but the actual results did not meet the threshold, so no performance-linked remuneration was recognized.」
The Company continues to operate a performance-linked remuneration scheme based on operating profit as the KPI, but no payment was made for the fiscal year because the threshold was not met. - FY2021AdvancedAnnual report
「Performance-linked remuneration will consist of cash compensation reflecting performance indicators (KPIs) to encourage improved performance in each fiscal year. The amount, calculated according to the degree of achievement against the target values for the KPIs for each fiscal year, will be paid annually as a bonus after the financial results have been finalized. Operating profit was used as the KPI for the fiscal year, but the actual results did not meet the threshold, so no performance-linked remuneration was recognized.」
The Company specified the performance-linked remuneration scheme, using operating profit as the KPI and paying remuneration based on the degree of target achievement. No payment was made for the fiscal year because the threshold was not met. - FY2020First statedAnnual report
「Performance-linked remuneration was newly introduced after the end of the fiscal year. Accordingly, no remuneration or other compensation calculated based on management indicators or other factors, including performance-linked remuneration, was recognized during the fiscal year.」
The Company described for the first time its policy of introducing performance-linked remuneration after the end of the fiscal year and explained that no such remuneration was recognized during the fiscal year.