Reforming management incentives through performance-linked bonuses and restricted stock compensation
First written in FY2019. 7 of 10 entries say "Advanced", first in FY2020-Q2. Latest entry: 2026-08-21.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「For the consolidated fiscal year, the results for the relevant performance indicators were an 18.3% growth rate in consolidated net sales and a 10.1% consolidated operating margin. The percentage of women in management positions was as stated in “II. Business Overview, 2. Approach to and Initiatives for Sustainability, (4) Indicators and Targets, ② Percentage of Women in Management Positions (Percentage of Positions at Department Manager Level or Above on a Non-consolidated Basis).” The payout rate for the fiscal year, based on the level of achievement against a benchmark amount set at 100%, was 124%.」
The payout rate for the performance-linked bonus increased from 110% in the previous fiscal year to 124%, reflecting the operating results of the scheme based on consolidated net sales growth, operating margin and the percentage of women in management positions. - FY2025AdvancedAnnual report
「For the consolidated fiscal year, the payout rate for the fiscal year, based on the level of achievement against a benchmark amount set at 100%, was 110%.」
The payout rate for the performance-linked bonus, based on indicators including consolidated net sales, consolidated operating profit and the percentage of women in management positions, increased from 100% in the previous fiscal year to 110%. - FY2024AdvancedAnnual report
「For the consolidated fiscal year, the payout rate for the fiscal year, based on the level of achievement against a benchmark amount set at 100%, was 100%.」
The company operated a performance-linked bonus scheme using consolidated net sales, consolidated operating profit and the percentage of women in management positions as performance indicators, and the payout rate for the fiscal year was 100%. It also disposed of 34,000 restricted shares. - FY2021SoftenedAnnual report
「With regard to the performance-linked bonus for the fiscal year, the Board of Directors resolved at a meeting held on 23 June 2020 not to pay the bonus in light of the impact of the spread of COVID-19 on performance.」
The performance-linked bonus scheme has been maintained, but no bonus was paid for the fiscal year in light of the impact of the pandemic on performance. - FY2020-Q2AdvancedAnnual report
「Treasury shares decreased by 44,000 shares as a result of the disposal of treasury shares as restricted stock compensation carried out on 16 August 2019.」
On 16 August 2019, the company disposed of 44,000 treasury shares as restricted stock compensation, moving the share-based compensation scheme announced in the previous fiscal year into implementation. - FY2019First statedAnnual report
「In addition to base compensation and the performance-linked bonus introduced in the fiscal year ended March 2019, the company introduced share-based compensation, in the form of restricted stock compensation, in the fiscal year ended March 2020 to provide incentives for the sustainable enhancement of corporate value over the medium to long term.」
In addition to the performance-linked bonus, the company announced a policy to introduce restricted stock compensation from the fiscal year ending March 2020. Monetary compensation claims are capped at ¥100 million per year, and the number of shares issued or disposed of is capped at 100,000 shares per year.