Ensuring Objectivity and Transparency in Performance-Linked Executive Compensation through the Nomination and Compensation Committee
First written in FY2019. 6 of 9 entries say "Advanced", first in FY2022. Latest entry: 2026-07-30.
- FY2026AdvancedAnnual report
「Actual results for the performance-linked compensation metrics for the fiscal year were consolidated revenue of ¥252.7 billion, consolidated operating profit of ¥19.0 billion, and a consolidated operating margin of 7.6%.」
The company disclosed actual results for the fiscal year's performance-linked compensation metrics: revenue of ¥252.7 billion, operating profit of ¥19.0 billion, and an operating margin of 7.6%. - FY2024AdvancedAnnual report
「The company resolved at a Board of Directors meeting held on 21 December 2023 to change its decision-making policy as follows, effective 1 July 2024.」
From 1 July 2024, the company plans to introduce an executive shareholding association into executive compensation and change the standard-grade compensation mix to 60% base compensation, 35% performance-linked compensation, and 5% executive shareholding association contributions. - FY2023Disclosure of targets and actual results for the fiscal yearAnnual report
「The targets for the performance-linked compensation metrics for the fiscal year were consolidated revenue of ¥217.6 billion, consolidated operating profit of ¥12.3 billion, and a consolidated operating margin of 5.7%. Actual results were consolidated revenue of ¥227.4 billion, consolidated operating profit of ¥10.9 billion, and a consolidated operating margin of 4.8%.」
The company disclosed that, for the performance-linked compensation metrics for the fiscal year, actual revenue exceeded the target, while consolidated operating profit and the operating margin fell below their targets. - FY2022AdvancedAnnual report
「The targets for the performance-linked compensation metrics for the fiscal year were consolidated revenue of ¥194.3 billion, consolidated operating profit of ¥11.6 billion, and a consolidated operating margin of 6.0%. Actual results were consolidated revenue of ¥211.5 billion, consolidated operating profit of ¥14.4 billion, and a consolidated operating margin of 6.8%.」
The company disclosed targets and actual results for performance-linked compensation, with actual revenue, operating profit, and operating margin all exceeding their respective targets. - FY2019First statedAnnual report
「Performance-linked compensation is set so that it accounts for approximately 30% of total compensation when performance targets are achieved. The metrics for performance-linked compensation are consolidated revenue, consolidated operating profit, and the consolidated operating margin. These metrics were selected to clarify management's results and responsibilities and enhance objectivity and transparency.」
Performance-linked compensation accounts for approximately 30% of total compensation, with consolidated revenue, consolidated operating profit, and the consolidated operating margin used as performance metrics. The Board of Directors determines the compensation structure and amounts following deliberation by the Nomination and Compensation Committee, in which outside directors constitute half of the members.