Executive Compensation Linked to Achievement of Consolidated Ordinary Profit
First written in FY2020. 3 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
56 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The achievement rates for the consolidated operating profit, consolidated ordinary profit and consolidated net income budgets before payment of performance-linked compensation were 103.4%, 103.4% and 132.0%, respectively, for the fiscal year.」
It uses operating profit, ordinary profit and net income as the performance-linked compensation metrics and discloses the budget achievement rates for all 3 metrics for the fiscal year. - FY2025AdvancedAnnual report
「The achievement rates for the consolidated operating profit, consolidated ordinary profit and consolidated net income budgets before payment of performance-linked compensation were 111.4%, 106.0% and 108.2%, respectively, for the fiscal year.」
For performance-linked compensation, it discloses three metrics—operating profit, ordinary profit and net income—and the achievement rate for each budget. - FY2023ReframedAnnual report
「Performance-linked compensation is paid in cash. A standard amount is set for each position according to the achievement rate for the consolidated operating profit budget for each fiscal year, and the payment amount is determined by taking into account each director’s contribution during the year. Where payable, it is paid annually at a specified time. The achievement rate for the consolidated operating profit budget before payment of performance-linked compensation was 105.8% for the fiscal year.」
The performance-linked compensation metric changed from consolidated ordinary profit to consolidated operating profit, and the achievement rate for the budget was 105.8% for the fiscal year. - FY2021AdvancedAnnual report
「The achievement rate for the consolidated ordinary profit budget before payment of performance-linked compensation was 112.5% for the current consolidated fiscal year.」
For executive compensation linked to achievement of the consolidated ordinary profit budget, it reports an achievement rate of 112.5% for the current fiscal year. - FY2020First statedAnnual report
「For each fiscal year, a standard amount is set for each position according to the achievement rate for the consolidated ordinary profit budget. The payment amount is determined by taking into account each executive’s contribution during the year.」
It describes a system under which the amount of performance-linked compensation for internal directors is determined based on the achievement rate for the consolidated ordinary profit budget for each year and the executives’ contributions.