Policy for Determining Director Compensation and Non-Performance-Based Compensation
First written in FY2021. 3 of 8 entries say "Advanced", first in FY2026-H1. Latest entry: FY2027-H1.
- FY2027-H1RestatedAnnual report
「The company has introduced a performance-linked stock compensation plan, the “Stock Benefit Trust (BBT-RS),” for its directors and executive officers, collectively referred to below as “directors, etc.” The plan is intended to clarify the linkage between compensation for the company’s directors, excluding outside directors among directors who are Audit and Supervisory Committee members and other directors, and executive officers excluding employment-type executive officers, and the company’s performance and share value.」
The company continues to disclose the introduction and operation of the performance-linked stock compensation plan, “Stock Benefit Trust (BBT-RS).” The disclosure states that 59,093 shares were held in trust at the end of the interim period. - FY2026AdvancedAnnual report
「From the current consolidated fiscal year, we introduced the performance-linked share-based compensation plan known as the Stock Benefit Trust (BBT-RS) for directors and executive officers. The plan is intended to clarify the link between the compensation of directors and executive officers and the company's business performance and share value.」
The introduction of the performance-linked share-based compensation plan was confirmed through full-year accounting and compensation disclosures, with 69,600 shares held in trust and ¥12.213 million in performance-linked share-based compensation recorded. - FY2026-H1AdvancedAnnual report
「From the current interim consolidated fiscal period, we introduced the performance-linked share-based compensation plan known as the Stock Benefit Trust (BBT-RS) for directors and executive officers. The plan is intended to clarify the link between the compensation of directors and executive officers and the company's business performance and share value, and to encourage them to contribute to improved medium- to long-term performance and increased corporate value by sharing with shareholders not only the benefits of a rising share price but also the risk of a decline.」
The performance-linked compensation structure set out in the previous compensation policy was implemented from the current interim period through the introduction of the performance-linked share-based compensation plan, Stock Benefit Trust (BBT-RS). - FY2025ReframedAnnual report
「Specifically, compensation will consist of basic compensation, performance-linked compensation (hereinafter, bonuses), performance-linked share-based compensation and non-monetary compensation. Outside directors will receive fixed basic compensation. The target ratio by type of compensation is basic compensation: bonuses: performance-linked share-based compensation = 8:1:1.」
The compensation structure was changed from the previous policy of not granting performance-linked compensation to one that includes bonuses and performance-linked share-based compensation, with a target ratio of 8:1:1 for basic compensation, bonuses and share-based compensation. - FY2023RestatedAnnual report
「No performance-linked compensation or other such compensation will be granted. The ratio of monetary compensation to non-monetary compensation will be determined within a range of 95%-99% to 1%-5%.」
The company continues its policy of not granting performance-linked compensation and has disclosed a policy of setting the ratio of basic compensation to non-monetary compensation within a range of 95%-99% to 1%-5%. - FY2021First statedAnnual report
「Our basic policy is to establish a compensation structure for directors that functions sufficiently as an incentive to achieve sustained enhancement of corporate value, and to set appropriate compensation levels for individual directors based on their respective responsibilities. No performance-linked compensation or other such compensation will be granted.」
At the board meeting held on 8 February 2021, the company disclosed for the first time its policy that director compensation would consist of basic compensation and non-monetary compensation, with no performance-linked compensation granted.