Increase in selling, general and administrative expenses due to revisions to executive compensation and payment of executive bonuses
First written in FY2019-Q2. 4 of 11 entries say "Restated". Latest entry: FY2026.
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- FY2026Higher executive compensationAnnual report
「Executive compensation 304,460 306,686」
Executive compensation increased from ¥304.46 million in the previous fiscal year to ¥306.686 million. - FY2026-H1Slight decline in executive compensationAnnual report
「Executive compensation 153,140 152,700」
Executive compensation edged down from ¥153.14 million in the same interim period of the previous year to ¥152.7 million. - FY2025Continued decline in executive compensationAnnual report
「Executive compensation 310,037 304,460」
Executive compensation declined from ¥310.037 million in the previous fiscal year to ¥304.46 million. - FY2024Lower executive compensationAnnual report
「Executive compensation 335,780 310,037」
Executive compensation declined from ¥335.78 million in the previous fiscal year to ¥310.037 million. - FY2020Lower executive bonusesAnnual report
「Directors (excluding outside directors) ¥550.216 million」
Bonuses included in directors' compensation and other remuneration amounted to ¥150 million, down from ¥200 million recorded in the previous consolidated fiscal year. - FY2020-Q3RestatedAnnual report
「Profit increased substantially compared with the same quarter of the previous year. Although directors' compensation increased following revisions made in the previous consolidated fiscal year, and provisions for product warranties and freight expenses increased in line with higher net sales, selling products that had been subject to inventory write-downs in prior fiscal years, including electric servo motor-type vibration testing machines, increased gross profit due to higher net sales, and the absence of directors' bonuses reduced selling, general and administrative expenses.」
Executive compensation remains higher as a result of the revision, while the pattern of lower selling, general and administrative expenses due to no executive bonus payment also continues. - FY2020-Q2MitigatedAnnual report
「Although executive compensation increased as a result of the revision implemented in the previous consolidated fiscal year, selling, general and administrative expenses declined because no executive bonuses were paid, and profit was recorded as net sales increased compared with the same quarter of the previous year.」
Executive compensation remains higher as a result of the revision, but selling, general and administrative expenses declined year on year because no executive bonuses were paid in the current quarter. - FY2020-Q1RestatedAnnual report
「Losses increased compared with the same quarter of the previous year, due to higher cost of sales resulting from increased manufacturing expenses and other factors, higher selling, general and administrative expenses following the revision of directors' compensation in the previous consolidated fiscal year, and foreign exchange losses generated as the US dollar exchange rate, the primary settlement currency for our group's overseas transactions, moved toward a stronger yen and weaker dollar.」
Higher selling, general and administrative expenses resulting from the revision of executive compensation implemented in the previous consolidated fiscal year continue to be cited as a factor behind the loss in the current quarter. - FY2019RestatedAnnual report
「At a Board of Directors meeting held on 22 June 2018, a resolution was passed to revise monthly salaries. At a Board of Directors meeting held on 17 July 2018, a resolution was passed to pay ¥200 million in executive bonuses.」
The revision of executive compensation and the payment of ¥200 million in executive bonuses were specifically disclosed as factors behind higher full-year selling, general and administrative expenses. - FY2019-Q3RestatedAnnual report
「Although the weaker yen and stronger dollar generated foreign exchange gains, profit declined compared with the same quarter of the previous year due to the impact of lower profit resulting from lower revenue, higher selling, general and administrative expenses following revisions to directors' compensation and the payment of directors' bonuses, and other factors.」
Increases resulting from revisions to executive compensation and the payment of executive bonuses continue to be cited as factors behind higher selling, general and administrative expenses. - FY2019-Q2First statedAnnual report
「Selling, general and administrative expenses declined compared with the same quarter of the previous year, mainly because of increases resulting from revisions to executive compensation and the payment of executive bonuses.」
Increases resulting from revisions to executive compensation and the payment of executive bonuses were cited as factors behind higher selling, general and administrative expenses. The income statement recorded executive compensation of ¥142.702 million and executive bonuses of ¥200 million.