Performance-linked compensation tied to net income for the period
First written in FY2019. 4 of 9 entries say "Softened", first in FY2021. Latest entry: FY2026.
Hokushin moved to the "Worse" side of this theme in 2024, the same year as the typical company in this theme.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
7 other companies' latest entry also says "Softened".
- FY2026SoftenedAnnual report
「The performance metric selected as the basis for calculating performance-linked compensation and other payments was net income. Because the company recorded a net loss of ¥27.580 million for the current fiscal year, the eligibility requirements for performance-linked compensation were not met, and no payment was made.」
Because a net loss was recorded, the eligibility requirements for performance-linked compensation were not met, and no payment was made for the year. - FY2025SoftenedAnnual report
「For the current fiscal year, the target for the metric related to performance-linked compensation was ¥70 million, and the actual result was ¥20.343 million. ... Because the company recorded an operating loss and an ordinary loss in the current fiscal year, all directors eligible for bonuses offered to decline payment, and the company accepted their offers.」
The target for performance-linked compensation declined from ¥140 million in the previous fiscal year to ¥70 million, and the actual result was ¥20.343 million. Following the operating loss and ordinary loss, all eligible directors declined to receive bonuses. - FY2024SoftenedAnnual report
「For the current fiscal year, the target for the metric related to performance-linked compensation was ¥140 million, and the actual result was ¥158.735 million.」
The policy of calculating total bonuses at 4% of net income was maintained, but the target declined from ¥340 million in the previous fiscal year to ¥140 million, and the actual result declined from ¥332.407 million to ¥158.735 million. - FY2023Performance-linked compensation: target ¥340 million, actual result ¥332 millionAnnual report
「For the current fiscal year, the target for the metric related to performance-linked compensation was ¥340 million, and the actual result was ¥332.407 million.」
Under the policy of setting total bonuses at 4% of net income, the company disclosed a target of ¥340 million and an actual result of ¥332.407 million for performance-linked compensation. - FY2022RaisedAnnual report
「For the current fiscal year, the target for the metric related to performance-linked compensation was ¥300 million, and the actual result was ¥377.338 million.」
The target for performance-linked compensation was raised from ¥10 million in the previous fiscal year to ¥300 million, and the actual result was ¥377.338 million. - FY2022ReframedAnnual report
「Individual director compensation consists of monthly base compensation (fixed compensation plus equity-contribution monetary compensation) and bonuses (performance-linked compensation). For ordinary performance, the policy is to pay these components at approximate ratios of 75% fixed compensation, 5% equity-contribution monetary compensation (equity compensation), and 20% bonuses.」
A policy for individual compensation, including equity-contribution monetary compensation in addition to performance-linked bonuses, was approved, and standard compensation mix ratios were also presented. - FY2021SoftenedAnnual report
「For the current fiscal year, the target for the metric related to performance-linked compensation was ¥10 million, and the actual result was ¥148.878 million.」
The policy of setting total bonuses at 4% of net income was maintained, but the target for performance-linked compensation declined from ¥130 million in the previous fiscal year to ¥10 million. - FY2020The target and actual result for performance-linked compensation decreased from the previous fiscal year.Annual report
「For the current fiscal year, the target for the metric related to performance-linked compensation was ¥130 million, and the actual result was ¥154.190 million.」
The policy of using net income as the metric and deliberating at the Nomination and Compensation Committee on an amount equivalent to approximately 4% was continued. The target was ¥130 million and the actual result was ¥154.190 million, down from the previous fiscal year's target of ¥210 million and actual result of ¥245.508 million. - FY2019First statedAnnual report
「The metric used for performance-linked bonuses is net income, which we selected because it is a financial figure indicating the company's earnings position. The amount of performance-linked compensation is determined after the Nomination and Compensation Committee deliberates on a level equivalent to approximately 4% of net income and submits its recommendation to the Board of Directors, which makes the final decision. For the current fiscal year, the target for the metric related to performance-linked compensation was ¥210 million, and the actual result was ¥245.508 million.」
For director bonuses, the company described for the first time a policy of using net income as the metric and deliberating at the Nomination and Compensation Committee on an amount equivalent to approximately 4% of net income. The target was ¥210 million, versus an actual result of ¥245.508 million.