Performance-Linked Compensation Scheme Using Consolidated Operating Profit as a Metric
First written in FY2019. 3 of 6 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
18 other companies' latest entry also says "Other".
- FY2026Updated performance-based compensation results showing that the target was not achievedAnnual report
「The target for the performance metric selected as the basis for calculating performance-based compensation was consolidated operating income for the immediately preceding fiscal year, the fiscal year ended March 2025, at ¥11,800 million, while actual results were ¥10,642 million.」
For consolidated operating income, the metric for performance-based compensation, results for the fiscal year ended March 2025 were below the target of ¥11.8 billion. - FY2025Updated performance-based compensation results (target not achieved)Annual report
「The target for consolidated operating income for the immediately preceding fiscal year, the fiscal year ended March 2024, was ¥11,600 million, while actual results were ¥11,476 million.」
For consolidated operating income, the metric for performance-based compensation, results for the fiscal year ended March 2024 were ¥124 million below the target of ¥11.6 billion. - FY2023AdvancedAnnual report
「Consolidated operating income for the immediately preceding fiscal year, the fiscal year ended March 2023, was ¥11,551 million. The target was ¥8,550 million, the consolidated forecast announced on 12 May 2022.」
For consolidated operating income, the metric for performance-based compensation, actual results of ¥11.551 billion exceeded the target of ¥8.55 billion. - FY2021AdvancedAnnual report
「Consolidated operating income for the immediately preceding fiscal year, the fiscal year ended March 2021, was ¥6,598 million. The target was ¥4,900 million, the consolidated earnings forecast announced on 7 August 2020.」
For consolidated operating income, the metric for performance-based compensation, actual results of ¥6.598 billion exceeded the target of ¥4.9 billion. - FY2020AdvancedAnnual report
「Consolidated operating income for the immediately preceding fiscal year, the fiscal year ended March 2020, was ¥6,197 million. The target was ¥5,300 million, the consolidated earnings forecast announced on 10 May 2019.」
For consolidated operating income, the metric for performance-based compensation, actual results of ¥6.197 billion exceeded the target of ¥5.3 billion. - FY2019First statedAnnual report
「The company's executive compensation consists of base compensation and performance-based compensation. Consolidated operating income, which represents the group's profit from its core business, is selected as the metric for performance-based compensation, and the compensation amount is determined after taking into account the actual results for the immediately preceding fiscal year.」
The company has, for the first time, identified as a theme the system under which executive compensation consists of base compensation and performance-based compensation, with consolidated operating income as the metric for performance-based compensation. Actual results for the fiscal year ended March 2019 were ¥5,103 million, while the initial target of ¥4,900 million was revised to ¥5,100 million.