Variable compensation for directors linked to consolidated operating income
First written in FY2018. 3 of 9 entries say "Advanced", first in FY2021. Latest entry: 2026-06-26.
The whole theme swung hardest in 2018: 3 of 7 companies on the "Worse" side.
4 other companies' latest entry also says "Raised".
- FY2025RestatedAnnual report
「・ Consolidated operating income × 0.3% × each director’s points ÷ total points for directors (*). However, total performance-linked compensation is capped at ¥880 million, with the cap reached when consolidated operating income is ¥400 billion.」
Reconfirming the formula for performance-linked compensation based on consolidated operating income, the 0.3% coefficient, the total cap of ¥880 million, and the design under which the cap is reached at ¥400 billion. - FY2024RaisedAnnual report
「・ Consolidated operating income × 0.3% × each director’s points ÷ total points for directors (*). However, total performance-linked compensation is capped at ¥880 million, with the cap reached when consolidated operating income is ¥400 billion.」
Introducing a coefficient of 0.3% for performance-linked compensation based on consolidated operating income, a total cap of ¥880 million, and additional compensation when the average for the most recent 3 fiscal years and the profit for the relevant fiscal year exceed ¥400 billion. - FY2023AdvancedAnnual report
「Compensation for directors, excluding directors who are Audit and Supervisory Committee members, consists of fixed compensation, performance-linked compensation as a short-term incentive, and share-based compensation as a long-term incentive.」
Implementing a compensation structure that includes restricted stock compensation in addition to fixed compensation and compensation linked to consolidated operating income. For the period, recording ¥979 million in performance-linked compensation and ¥26 million in restricted stock compensation. - FY2022AdvancedAnnual report
「Compensation for directors, excluding directors who are Audit and Supervisory Committee members, consists of fixed compensation, performance-linked compensation as a short-term incentive, and share-based compensation as a long-term incentive.」
In addition to the previous fixed compensation and compensation linked to consolidated operating income, incorporating restricted stock compensation as a long-term incentive into the compensation structure. Performance-linked compensation for the period was ¥760 million. - FY2021AdvancedAnnual report
「Performance-linked compensation is calculated using consolidated operating income as the performance indicator and a formula determined by the Board of Directors based on points assigned according to each director’s position, and is paid annually at a specified time.」
Specifying the policy for determining director compensation, deliberations by the Nomination and Other Advisory Committee, and the formula for compensation linked to consolidated operating income, and recording ¥760 million in performance-linked compensation for the fiscal year. - FY2019RestatedAnnual report
「Compensation for directors who are not Audit and Supervisory Committee members consists of fixed basic compensation, which is a fixed amount paid periodically, and performance-linked compensation intended to strengthen incentives to improve performance.」
Reconfirming the policy of combining fixed compensation with performance-linked compensation based on consolidated operating income for directors who are not Audit and Supervisory Committee members. - FY2018First statedAnnual report
「Compensation for directors who are not Audit and Supervisory Committee members consists of fixed basic compensation, which is a fixed amount paid periodically, and performance-linked variable compensation. Fixed compensation is paid according to each director’s position and role, while variable compensation is paid to strengthen incentives to improve performance, using consolidated operating income as the performance indicator.」
For the first time, identifying as a theme the policy of combining fixed compensation with variable compensation linked to consolidated operating income for directors who are not Audit and Supervisory Committee members. The variable compensation formula is consolidated operating income × 0.2% × the point ratio by position, with a cap of ¥600 million.