Performance-Linked Director Compensation Tied to Shareholder Interests
First written in FY2021. 5 of 7 entries say "Advanced", first in FY2022. Latest entry: 2026-07-24.
- FY2026AdvancedAnnual report
「Specifically, compensation for executive directors consists of cash compensation, comprising fixed and performance-linked compensation, and restricted stock compensation as non-monetary compensation. ... The actual result for the performance indicator for the current fiscal year was ¥1,832 million.」
In addition to the existing fixed and performance-linked compensation, the company introduced restricted stock compensation, and net income attributable to owners of the parent, the performance indicator for the current fiscal year, was ¥1,832 million. - FY2024Decline in the performance indicator result for performance-linked compensationAnnual report
「Performance-linked compensation is determined using net income attributable to owners of the parent for the previous consolidated fiscal year as the performance indicator, together with an assessment of each director’s performance. The actual result for the performance indicator for the current fiscal year was ¥948 million.」
The policy of linking compensation to shareholder returns continued, and the company disclosed a performance indicator result of ¥948 million. - FY2023AdvancedAnnual report
「Performance-linked compensation is determined using net income attributable to owners of the parent for the previous consolidated fiscal year as the performance indicator, together with an assessment of each director’s performance. The actual result for the performance indicator for the current fiscal year was ¥1,590 million.」
The company disclosed a performance indicator result of ¥1,590 million for performance-linked compensation tied to shareholder returns. - FY2022AdvancedAnnual report
「Performance-linked compensation is determined using net income for the previous consolidated fiscal year as the performance indicator, together with an assessment of each director’s performance. The actual result for the performance indicator for the current fiscal year was ¥1,414 million.」
For performance-linked compensation, the calculation method using net income for the previous consolidated fiscal year as the indicator was applied in the actual compensation disclosure. The company disclosed the current fiscal year’s indicator result of ¥1,414 million and the target composition for the representative director and president of 70% fixed compensation and 30% performance-linked compensation. - FY2021First statedAnnual report
「The basic policy is to establish a compensation structure for directors linked to shareholder returns so that it functions adequately as an incentive for sustained growth in corporate value, and to set each director’s compensation at an appropriate level based on the director’s responsibilities.」
Based on a resolution of the Board of Directors in February 2021, the company newly disclosed a director compensation policy combining fixed and performance-linked compensation and linking compensation to shareholder returns and corporate value. For the representative director and president, the target composition is 70% fixed compensation and 30% performance-linked compensation.