Setting KPIs Linked to Performance-Based Compensation and the Medium-Term Management Plan
First written in FY2021. 1 of 2 entries say "Raised", first in FY2025. Latest entry: FY2025.
The whole theme swung hardest in 2020: 5 of 24 companies on the "Worse" side.
2 other companies' latest entry also says "Raised".
- FY2025RaisedAnnual report
「The amount calculated according to the degree of achievement against the target consolidated net sales, consolidated operating income and consolidated net income for each fiscal year」
The KPIs for performance-linked compensation have been expanded to include consolidated net income in addition to the previous consolidated net sales and consolidated operating income. - FY2021First statedAnnual report
「Performance-linked compensation and other compensation consist of cash compensation reflecting performance indicators (KPIs) to encourage directors to improve the performance of the Group and its corporate value in each fiscal year. The amount calculated according to the degree of achievement of the target consolidated net sales and consolidated operating income for each fiscal year is paid annually as a bonus at a designated time. The target performance indicators and their values are set when the plan is formulated so that they align with the medium-term management plan, and are reviewed as appropriate in response to changes in the operating environment based on the recommendations of the Nomination and Compensation Committee.」
The company has newly clarified its policy of reflecting the achievement levels of consolidated net sales and consolidated operating income targets as KPIs in directors' cash bonuses, while ensuring consistency with the medium-term management plan and conducting reviews through the Nomination and Compensation Committee.