Directors’ bonuses linked to consolidated ordinary profit
First written in FY2017. 3 of 6 entries say "Advanced", first in FY2019. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
15 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「At the Nomination and Compensation Committee meeting held in May 2026, the committee recommended to the Board of Directors that the lower threshold for consolidated ordinary income used to determine whether performance-linked compensation is paid and the cap on total payments to executive officers be revised, in light of improved performance in fiscal 2025. If, based on this recommendation, the Board of Directors approves the revision to the performance-linked compensation limits at its meeting scheduled for 26 June 2026, no performance-linked compensation will be paid if consolidated ordinary income is less than ¥3 billion.」
Regarding performance-linked compensation, a proposal was submitted to revise the minimum payout from ¥2,000 million to ¥3,000 million based on consolidated ordinary profit, and the maximum for executive officers from ¥90 million to ¥100 million. These are planned matters subject to approval by the Board of Directors. - FY2025AdvancedAnnual report
「The targets for the performance-linked compensation metrics for the current consolidated fiscal year were first to secure consolidated ordinary income of ¥2 billion and then to secure the target consolidated ordinary income of ¥5,900 million publicly announced at the beginning of the fiscal year. Actual consolidated ordinary income was ¥6,513 million.」
Consolidated ordinary income was ¥6,513 million against the ¥2 billion nonpayment threshold and the publicly announced target of ¥5,900 million, and ¥69 million in performance-linked compensation was recorded. - FY2024RaisedAnnual report
「The calculation method was revised from April 2024, and the threshold of less than ¥1 billion used for the fiscal year ending March 2024 was changed to ¥2 billion.」
The threshold for nonpayment of performance-linked compensation was raised from consolidated ordinary income of less than ¥1 billion to less than ¥2 billion. Actual consolidated ordinary income was ¥5,577 million against the fiscal year ending March 2024 target of ¥4,600 million. - FY2022AdvancedAnnual report
「The targets for the performance-linked compensation metrics for the current consolidated fiscal year were first to secure consolidated ordinary income of ¥1 billion and then to secure the target consolidated ordinary income of ¥3,850 million publicly announced at the beginning of the fiscal year. Actual consolidated ordinary income was ¥4,762 million.」
Actual consolidated ordinary income was ¥4,762 million against the publicly announced target of ¥3,850 million, and ¥69 million in performance-linked compensation for directors was recorded. - FY2019AdvancedAnnual report
「The targets for the performance-linked compensation metrics for the current consolidated fiscal year were first to secure consolidated ordinary income of ¥1 billion and then to secure the target consolidated ordinary income of ¥4,350 million publicly announced at the beginning of the fiscal year. Actual consolidated ordinary income was ¥6,019 million.」
For performance-linked compensation based on consolidated ordinary income, actual consolidated ordinary income was ¥6,019 million against the ¥1 billion threshold and the publicly announced target of ¥4,350 million, and ¥99 million in performance-linked compensation for directors was recorded. - FY2017First statedAnnual report
「The total amount of profit-linked compensation shall be (consolidated ordinary income − ¥1 billion) × 5%. (Amounts below ¥1 million are rounded down.)」
The Company disclosed a system introducing profit-linked compensation for directors, calculated based on consolidated ordinary income, with a total cap of ¥100 million and no payment if consolidated ordinary income is less than ¥1 billion.