Executive Bonuses Linked to Non-Consolidated Operating Profit
First written in FY2019. 1 of 6 entries say "Reframed", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 25 companies on the "Worse" side.
15 other companies' latest entry also says "Other".
- FY2026Lower realized proportion of performance-linked compensationAnnual report
「For the fiscal year ending May 2026, performance-linked compensation and other remuneration represented approximately 21.1% of total base remuneration and performance-linked compensation and other remuneration.」
The company continued its remuneration policy based on individual operating profit and disclosed that the payment rate for performance-linked compensation was approximately 1.94% and that it represented approximately 21.1% of total remuneration for the current period. - 2026-08-06RestatedGeneral Meetings of Shareholders
「Each year in August, we will pay individual bonuses determined based on an amount calculated with reference to past payments, capped at 4% of individual operating profit for each fiscal year, while comprehensively taking into account each director’s base compensation, position, responsibilities, and other factors. The amounts will be deliberated and determined by the Board of Directors, including outside directors.」
The company reiterated the cap, determination process, and payment timing for performance-linked compensation based on individual operating profit. - FY2023Disclosure of the realized proportion of performance-linked compensationAnnual report
「For the fiscal year ended May 2023, performance-linked compensation and other remuneration represented approximately 26.5% of total base remuneration and performance-linked compensation and other remuneration.」
The company continued its directors’ bonus policy based on individual operating profit and disclosed that performance-linked compensation and other remuneration represented approximately 26.5% for the current period. - FY2022AdvancedAnnual report
「For the fiscal year ended May 2022, performance-linked compensation and other remuneration represented approximately 30.3% of total base remuneration and performance-linked compensation and other remuneration.」
The company disclosed a realized performance-linked compensation ratio of approximately 30.3%, demonstrating the operating results of its remuneration policy based on individual operating profit. - FY2021Details added to the calculation policy for performance-linked compensationAnnual report
「In addition, directors’ bonuses, which constitute performance-linked compensation and other remuneration, are paid in cash reflecting performance indicators (KPIs) to increase directors’ motivation to contribute to improved performance in each fiscal year. Taking the performance for each fiscal year into consideration and using up to 4% of current-period individual operating profit as a guideline, the company calculates an amount based on past payment results, then determines each director’s bonus after comprehensively considering the director’s base remuneration, position and responsibilities. The amount is deliberated and decided by the Board of Directors, including outside directors, and paid every August.」
The company formalized the calculation basis, Board of Directors approval and annual August payment of performance-linked compensation based on individual operating profit as the KPI. - FY2019First statedAnnual report
「The Board of Directors determines the total amount of directors’ bonuses based on business performance, using 2% of current-period individual operating profit as a guideline, with a cap of 4%. The remuneration committee, comprising executive officers and others, then prepares a draft amount for each director’s bonus after considering each director’s performance and contribution to business results, among other factors, and the Board of Directors makes the final decision on the amount to be paid.」
The company disclosed the method for calculating and determining performance-linked directors’ bonuses, using 2% of individual operating profit as a guideline and 4% as the cap.