ROE-Linked Performance-Based Executive Compensation
First written in FY2019. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2020: 4 of 31 companies on the "Worse" side.
17 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「For bonuses, which constitute performance-based compensation, ROE is used as the performance metric for calculating bonuses in order to encourage directors, from the same perspective as shareholders, to contribute to improving corporate value over the medium to long term and increasing the share price. The bonus is calculated by multiplying base compensation by a coefficient set according to the ROE for the relevant fiscal year, and the amount is ultimately determined by reflecting the results of the mutual evaluation of directors conducted at the end of the fiscal year in each director's bonus based on the president's evaluation.」
The company continues to use ROE as the metric for performance-based bonuses. ROE for the previous fiscal year used in calculating bonuses for the current fiscal year was 3.3%. - FY2021AdvancedAnnual report
「Regarding the target and achievement status of the metric for performance-based compensation for the fiscal year, ROE for the Group's performance, as stated in the medium-term management plan, was 8.6%, compared with the target of 4.7%.」
The company disclosed actual ROE of 8.6% against the revised target of 4.7% for the ROE-linked compensation metric. - FY2020RestatedAnnual report
「Regarding the target and achievement status of the bonus metric for the fiscal year, ROE for the Group's performance, as stated in the medium-term management plan, was 5.0%, compared with the target of 7.0%.」
The company continued using ROE as the metric for performance-based bonuses and disclosed actual ROE of 5.0% against the target of 7.0%. - FY2019First statedAnnual report
「For bonuses, ROE is used as the performance metric for calculating bonuses in order to encourage directors, from the same perspective as shareholders, to contribute to improving corporate value over the medium to long term and increasing the share price. The bonus is determined by adding the results of the mutual evaluation of directors conducted at the end of the fiscal year to the amount calculated by multiplying base compensation by a coefficient set according to the ROE for the relevant fiscal year, with the resulting amount reflected in each director's bonus.」
The company adopted ROE as the performance metric for director bonuses and disclosed actual ROE of 4.5% for the fiscal year against the medium-term management plan target of 7.0%.