Performance-Linked Compensation and Performance Unit Plan
First written in FY2017. 3 of 8 entries say "Reframed", first in FY2018. Latest entry: FY2025.
- FY2025ReframedAnnual report
「Executive officer compensation consists of base compensation (fixed compensation) and variable compensation, generally in a ratio of approximately 65%:35% under standard performance conditions. … Consolidated operating profit Target ¥7,818 million Actual ¥8,193 million Achievement rate 104.8%」
In addition to performance-linked compensation, the Company specified the ratio of fixed to variable compensation and the requirements linking restricted stock compensation to the medium-term management plan. Although consolidated operating profit reached 104.8% of the target, no performance-linked compensation was paid because employees did not receive year-end bonuses. - FY2024AdvancedAnnual report
「Consolidated operating profit Target ¥6,703 million Actual ¥8,392 million Achievement rate 125.2% Total achievement coefficient 5.1」
For performance-linked compensation, the Company disclosed a target of ¥6,703 million for consolidated operating profit, actual operating profit of ¥8,392 million, an achievement rate of 125.2%, and a total achievement coefficient of 5.1. - FY2023ReframedAnnual report
「The Company has discontinued the performance unit and executive retirement bonus schemes previously paid to executive officers and has decided to introduce restricted stock compensation.」
The compensation scheme has changed from the former performance unit and executive retirement bonus schemes to restricted stock compensation, reorganizing the compensation structure to incorporate value sharing with shareholders. - FY2021Updated the results of performance-linked compensationAnnual report
「Consolidated operating profit Target ¥5,103 million Actual ¥5,348 million Achievement rate 104.8% Total achievement coefficient 0.8／No performance-linked compensation was paid for the current consolidated fiscal year, regardless of the achievement coefficient, because employees did not receive year-end bonuses.」
Consolidated operating profit was ¥5,348 million against a target of ¥5,103 million, for an achievement rate of 104.8% and a total achievement coefficient of 0.8. However, no performance-linked compensation was paid because employees did not receive year-end bonuses. - FY2020Updated the results of performance-linked compensationAnnual report
「Consolidated operating profit Target ¥5,472 million Actual ¥4,340 million Achievement rate 79.3% Total achievement coefficient 0.0」
For the current fiscal year, the Company disclosed a target of ¥5,472 million, actual consolidated operating profit of ¥4,340 million, an achievement rate of 79.3%, and a total achievement coefficient of 0.0 for performance-linked compensation based on consolidated operating profit. - FY2019Disclosed the results of performance-linked compensationAnnual report
「Consolidated operating profit Target ¥4,670 million Actual ¥5,865 million Achievement rate 125.6% Total achievement coefficient 6.9」
For performance-linked compensation based on consolidated operating profit, the Company disclosed a target of ¥4,670 million, actual operating profit of ¥5,865 million, an achievement rate of 125.6%, and a total achievement coefficient of 6.9. - FY2018ReframedAnnual report
「Executive officer compensation consists of base compensation and performance-linked compensation. Base compensation is set at an amount necessary and sufficient for executives to devote themselves to their work, taking into account the Company's business environment and compensation levels at other companies. Performance-linked compensation is paid according to the degree of achievement against multiple evaluation metrics relating to operating profit.」
The evaluation criteria for performance-linked compensation have been reorganized from the former focus on sales and ordinary profit to a primary focus on operating profit. The calculation method has also been specified, including comparisons with the average for the most recent 2 fiscal years and the highest level in the past, a zero payout for achievement below 100%, and a cap of 10 months of monthly base compensation. - FY2017First statedAnnual report
「Executive officer compensation consists of base compensation and performance-linked compensation. ... Performance-linked compensation is paid according to the degree of achievement against multiple evaluation metrics relating to net sales and ordinary profit. A performance unit plan has been established as an incentive plan for directors and executive officers.」
The disclosure describes a system in which executive officer compensation consists of base compensation and performance-linked compensation, using evaluation metrics for net sales and ordinary profit and a performance unit plan.