Policy combining performance-linked and fixed executive compensation
First written in FY2021. . Latest entry: FY2026.
- FY2026Performance-linked compensation results and plan updatedAnnual report
「To encourage a focus on improving performance in each fiscal year, the company's performance-linked compensation is paid in cash as a bonus at a fixed time each year, based on the degree to which actual profit results, the most objective performance indicators, are achieved (operating profit: ¥1,274 million; ordinary profit: ¥1,529 million). The target profit figures are based on the plan established at the end of the previous fiscal year (operating profit: ¥1,340 million; ordinary profit: ¥1,610 million). The indicative composition of fixed and performance-linked compensation is 85:15 when the target indicators are achieved at 100%.」
The company has updated the performance-linked compensation indicators, actual and planned figures, and the 85:15 composition of fixed and performance-linked compensation. - FY2025Performance-linked compensation results and plan updatedAnnual report
「To encourage a focus on improving performance in each fiscal year, the company's performance-linked compensation is paid in cash as a bonus at a fixed time each year, based on the degree to which actual profit results, the most objective performance indicators, are achieved (operating profit: ¥1,236 million; ordinary profit: ¥1,526 million). The target profit figures are based on the plan established at the end of the previous fiscal year (operating profit: ¥1,300 million; ordinary profit: ¥1,565 million). The indicative composition of fixed and performance-linked compensation is 85:15 when the target indicators are achieved at 100%.」
The company has updated the performance-linked compensation indicators, actual and planned figures, and the 85:15 composition of fixed and performance-linked compensation. - FY2024Performance-linked compensation results and plan updatedAnnual report
「To encourage a focus on improving performance in each fiscal year, the company's performance-linked compensation is paid in cash as a bonus at a fixed time each year, based on the degree to which actual profit results, the most objective performance indicators, are achieved (operating profit: ¥869 million; ordinary profit: ¥1,092 million). The target profit figures are based on the plan established at the end of the previous fiscal year (operating profit: ¥1,455 million; ordinary profit: ¥1,680 million). The indicative composition of fixed and performance-linked compensation is 85:15 when the target indicators are achieved at 100%.」
The company has updated the performance-linked compensation indicators, actual and planned figures, and the 85:15 composition of fixed and performance-linked compensation. - FY2023Performance-linked compensation results and plan updatedAnnual report
「To encourage a focus on improving performance in each fiscal year, the company's performance-linked compensation is paid in cash as a bonus at a fixed time each year, based on the degree to which actual profit results, the most objective performance indicators, are achieved (operating profit: ¥1,547 million; ordinary profit: ¥1,765 million). The target profit figures are based on the plan established at the end of the previous fiscal year (operating profit: ¥1,455 million; ordinary profit: ¥1,680 million).」
The company has updated the actual and planned operating profit and ordinary profit figures. The indicative 85:15 composition of fixed and performance-linked compensation continues. - FY2022Performance-linked compensation results and plan updatedAnnual report
「To encourage a focus on improving performance in each fiscal year, the company's performance-linked compensation is paid in cash as a bonus at a fixed time each year, based on the degree to which actual profit results, the most objective performance indicators, are achieved (operating profit: ¥2,010 million; ordinary profit: ¥2,225 million). The target profit figures are based on the plan established at the end of the previous fiscal year (operating profit: ¥2,076 million; ordinary profit: ¥2,307 million). The indicative composition of fixed and performance-linked compensation is 85:15 when the target indicators are achieved at 100%.」
The company continues to disclose the performance-linked compensation indicators and the 85:15 composition, and has updated the current fiscal year's actual and planned operating profit and ordinary profit figures. - FY2021First statedAnnual report
「To encourage a focus on improving performance in each fiscal year, the company's performance-linked compensation is paid in cash as a bonus at a fixed time each year, based on the degree to which actual profit results, the most objective performance indicators, are achieved (operating profit: ¥2,569 million; ordinary profit: ¥2,846 million). The target profit figures are based on the plan established at the end of the previous fiscal year (operating profit: ¥2,150 million; ordinary profit: ¥2,427 million). The indicative composition of fixed and performance-linked compensation is 85:15 when the target indicators are achieved at 100%.」
The company has for the first time explicitly disclosed a director compensation policy combining fixed and performance-linked compensation, with bonuses determined by the degree of achievement against the operating profit and ordinary profit targets. The indicative composition is 85:15.