Executive Compensation Policy Including Performance-Based Compensation
First written in FY2019. 5 of 9 entries say "Advanced", first in FY2020. Latest entry: 2026-08-07.
- FY2026AdvancedAnnual report
「At the 74th Annual General Meeting of Shareholders scheduled for 24 June 2026, the Company plans to submit a proposal concerning the determination of compensation for the grant of restricted shares to directors, excluding directors who are Audit and Supervisory Committee members and outside directors. The proposal will introduce a restricted stock compensation plan and set the total amount of monetary compensation claims to be paid as compensation at no more than ¥50 million per year, separately from the existing compensation limit described above of no more than ¥400 million per year.」
In addition to the existing system of fixed compensation and performance-linked compensation, the Company plans to submit a proposal to the General Meeting of Shareholders to introduce a restricted stock compensation plan intended to promote value sharing with shareholders. - FY2024RestatedAnnual report
「The target ratio of fixed compensation to performance-linked compensation is approximately 6:4.」
The compensation policy of setting fixed compensation and performance-linked compensation at approximately 6:4, with evaluations based on consolidated net sales, consolidated operating income and ESG factors, remains in place. - FY2022RestatedAnnual report
「The target ratio of fixed compensation to performance-linked compensation is approximately 6:4.」
The compensation policy of setting fixed compensation and performance-linked compensation at approximately 6:4, with evaluations based on consolidated net sales, consolidated operating income and ESG factors, remains in place. - FY2021AdvancedAnnual report
「The target ratio of fixed compensation to performance-linked compensation is approximately 6:4.」
The Company established a compensation policy based on the recommendations of the Nomination and Compensation Committee, specifying the ratio of fixed compensation to performance-linked compensation and the evaluation methods based on consolidated net sales, consolidated operating income and ESG factors. - FY2020AdvancedAnnual report
「To further enhance objectivity, in March 2020 the Company established a Nomination and Compensation Committee in which outside directors constitute a majority and an outside director serves as chair.」
In March 2020, the Company established a Nomination and Compensation Committee in which outside directors constitute a majority, as a measure to enhance the objectivity and transparency of executive compensation decisions. - FY2019First statedAnnual report
「Compensation for the representative director and president and other directors involved in business execution consists of monthly compensation and bonuses, set for each position. A proposal is prepared based on the reference compensation amount established for each position, the levels of consolidated and non-consolidated net sales, operating income and other indicators for each fiscal year, and qualitative assessments of each officer's performance of duties and contribution to results, incorporating the views of outside directors. The Board of Directors makes the final decision.」
The compensation structure for executive directors consists of fixed monthly compensation and performance-linked bonuses, determined after considering net sales, operating income and other indicators, as well as performance of duties.