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Miroku (7983) · PolicyNo executive bonuses paid due to weaker performance

Executive bonus policy linked to consolidated ordinary income

First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2024.

4entries
4years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseRestatedFY2021 – FY20242022: 120222023: 120232024: 120242025: 1
Same theme, other companies
Setting Profit Targets for Performance-Linked CompensationA theme 182 companies write about · 2 as a headwind · 129 as a tailwind

The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.

44 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 182 companies compared. The sentences above are computed from all 182.
Full recordFilings, disclosures and news, newest first
  1. FY2024No executive bonuses paid due to weaker performanceAnnual report

    「As no executive bonuses related to the current consolidated fiscal year will be paid, no provision for executive bonuses has been recognized at the end of the current fiscal year.」

    Although the policy of calculating bonuses based on consolidated ordinary income remains in place, consolidated ordinary loss for the current fiscal year amounted to ¥263.073 million, and the company stated that no executive bonuses would be paid.
  2. FY2023RestatedAnnual report

    「Bonuses are paid in cash and calculated under a standard schedule linked to consolidated ordinary income, which represents profit from the business as a whole, including the core business. They are determined after comprehensively considering employee bonuses, the outlook for the following fiscal year and other factors.」

    The company has reaffirmed its performance-linked policy for executive bonuses using consolidated ordinary income as the metric. Consolidated ordinary income for the current fiscal year amounted to ¥795.415 million.
  3. FY2022RestatedAnnual report

    「Bonuses are paid in cash and calculated under a standard schedule linked to consolidated ordinary income, which represents profit from the business as a whole, including the core business. They are determined after comprehensively considering employee bonuses, the outlook for the following fiscal year and other factors.」

    The company reaffirmed its performance-linked policy for executive bonuses using consolidated ordinary income as the metric. Consolidated ordinary income for the current fiscal year amounted to ¥808.948 million.
  4. FY2021First statedAnnual report

    「Bonuses are paid in cash and calculated under a standard schedule linked to consolidated ordinary income, which represents profit from the business as a whole, including the core business. They are determined after comprehensively considering employee bonuses, the outlook for the following fiscal year and other factors.」

    The company first described in specific terms its performance-linked policy of calculating directors' bonuses using a standard schedule based on consolidated ordinary income.
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Executive bonus policy linked to consolidated ordinary income | Miroku Corporation (7983) | Komori