Defining four KPIs for performance-linked compensation and clarifying the incentive compensation ratio
First written in FY2022. 1 of 4 entries say "Advanced", first in FY2023. Latest entry: FY2026.
- FY2026FY2026 target revision and actual results disclosedAnnual report
「The numerical targets for the performance indicators for the current fiscal year had been set at operating income of ¥6.0 billion and profit attributable to owners of the parent of ¥3.650 billion. However, as stated in the Notice Concerning Revisions to Earnings Forecasts announced on 23 January 2026, the numerical targets in the earnings forecast for the current fiscal year have been revised to operating income of ¥4.8 billion and profit attributable to owners of the parent of ¥3.050 billion.」
For the KPIs used in performance-linked compensation, the initial targets for operating income and net income were revised downward. Actual results were operating income of ¥5.282 billion and net income of ¥3.451 billion. - FY2024FY2024 KPI results and failure to meet targets disclosedAnnual report
「The numerical targets for the performance indicators for the current fiscal year are operating income of ¥6.4 billion and profit attributable to owners of the parent of ¥4.2 billion. No numerical targets have been disclosed for EBITDA or ROE. Actual results for the current fiscal year were operating income of ¥5.541 billion, profit attributable to owners of the parent of ¥3.158 billion, EBITDA of ¥13.631 billion and ROE of 3.2%.」
FY2024 results were disclosed for the 4 performance-linked compensation indicators, with operating income and profit attributable to owners of the parent below their disclosed targets. - FY2023AdvancedAnnual report
「The numerical targets for the performance indicators for the current fiscal year are operating income of ¥6.0 billion and profit attributable to owners of the parent of ¥3.7 billion. No numerical targets have been disclosed for EBITDA or ROE. Actual results for the current fiscal year were operating income of ¥5.765 billion, profit attributable to owners of the parent of ¥3.901 billion, EBITDA of ¥13.020 billion and ROE of 4.0%.」
The company has specifically disclosed the current period's targets and actual results under its KPI framework, which evaluates operating income, profit attributable to owners of the parent, EBITDA and ROE at 25% each. - FY2022First statedAnnual report
「Performance-linked compensation (bonuses) will be monetary compensation paid once a year at a specified time, reflecting performance indicators (KPIs) designed to sustain motivation to achieve the performance targets for each fiscal year. The indicators will be operating income, profit attributable to owners of the parent, EBITDA and ROE, each with an evaluation weighting of 25%.」
For executive bonuses from the fiscal year ending February 2023 onward, the policy is to evaluate operating income, profit attributable to owners of the parent, EBITDA and ROE, with each indicator weighted at 25%. Fixed compensation and incentive compensation are generally targeted at a 60:40 ratio.