Executive Incentives Through Performance-Linked Compensation
First written in FY2020. 1 of 2 entries say "Restated". Latest entry: FY2021.
The whole theme swung hardest in 2018: 3 of 6 companies on the "Worse" side.
11 other companies' latest entry also says "Restated".
- FY2021RestatedAnnual report
「The short-term performance-linked portion of basic remuneration and the medium-term performance-linked accumulated retirement remuneration are calculated based on the performance indicators set by the Board of Directors, namely consolidated net sales, consolidated operating income, consolidated operating margin and net income attributable to owners of the parent.」
The Company continues to use net sales, operating income, operating margin and net income attributable to owners of the parent in its short- and medium-term performance-linked remuneration plans. - FY2020First statedAnnual report
「The short-term performance-linked portion of basic remuneration is determined by calculating the actual performance ratio for the relevant period against the benchmark values for the performance indicators set by the Board of Directors, namely consolidated net sales, consolidated operating income, consolidated operating margin and net income attributable to owners of the parent. The resulting coefficient, less 1 corresponding to fixed remuneration, is multiplied by fixed remuneration, and the prescribed contribution to the officers' stock ownership plan is then deducted from the resulting amount.」
The Company discloses a mechanism under which short-term remuneration is determined based on consolidated net sales, operating income, operating margin and net income attributable to owners of the parent, linked to the actual performance ratio and the applicable coefficient.