Policy for Determining Executive Compensation, Including Performance-Linked Compensation
First written in FY2017. 4 of 11 entries say "Achieved", first in 2026-06-03. Latest entry: 2026-08-21.
Sankyo Kasei moved to the "Worse" side of this theme in 2020, 5 years before the typical company in this theme (2025).
10 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「At the 99th Annual General Meeting of Shareholders held on 26 June 2025, the Company resolved to make lump-sum payments in connection with the abolition of the executive retirement gratuity system. Accordingly, the executive retirement gratuity provision was fully reversed, and the same amount was presented as long-term accounts payable under non-current liabilities.」
The executive retirement gratuity system was abolished and the transition to restricted stock compensation was implemented. The executive retirement gratuity provision was zero, and long-term accounts payable amounted to ¥318.990 million. - FY2026-H1Executive retirement gratuity provision eliminated and long-term accounts payable recognizedAnnual report
「Executive retirement gratuity provision 341,116 - Long-term accounts payable - 318,990」
On the balance sheet, the executive retirement gratuity provision fell from ¥341.116 million to zero, while long-term accounts payable of ¥318.990 million was recognized. The body of the disclosure does not explicitly state that the compensation system change has been completed. - FY2025Plan to introduce restricted stock compensation and abolish the executive retirement gratuity systemAnnual report
「Director compensation consists of monthly compensation and bonuses as monetary compensation, and restricted stock compensation as non-monetary compensation. Monthly compensation is determined by taking into consideration the executive's position and responsibilities, compensation levels at peer companies and other factors, with a view to achieving the Company's sustainable growth. Bonuses are determined by taking into consideration the degree of contribution to performance and the extent to which responsibilities have been fulfilled. Restricted stock compensation consists of the delivery of the Company's common shares subject to a specified transfer restriction period, with the aim of providing incentives to enhance corporate value and further aligning value with shareholders.」
The Company resolved to change the compensation structure from the previous combination of monthly compensation, bonuses and retirement gratuities to one that includes restricted stock compensation. The abolition of the executive retirement gratuity system and introduction of share-based compensation are matters to be submitted to the shareholders' meeting scheduled for 26 June 2025 and, as of the filing date, remain conditional plans. - FY2020SoftenedAnnual report
「Monthly compensation is determined by taking into consideration the executive's position and responsibilities, compensation levels at peer companies and other factors, with a view to achieving the Company's sustainable growth. Bonuses are determined by taking into consideration the degree of contribution to performance and the extent to which responsibilities have been fulfilled.」
The executive compensation policy continues, but the expression "linked to short-term performance" included in the previous disclosure is not explicitly stated in this disclosure. - FY2019RestatedAnnual report
「Monthly compensation is determined by taking into consideration the executive's position and responsibilities, compensation levels at peer companies and other factors, with a view to achieving the Company's sustainable growth. Bonuses are linked to short-term performance and determined by taking into consideration the degree of contribution to performance and the extent to which responsibilities have been fulfilled.」
The policy of combining monthly compensation, short-term performance-linked bonuses and retirement gratuities continues. It also states that bonuses and retirement gratuities are not paid to directors who serve as Audit and Supervisory Committee members. - FY2018RestatedAnnual report
「Monthly compensation is determined by taking into consideration the executive's position and responsibilities, compensation levels at peer companies and other factors, with a view to achieving the Company's sustainable growth. Bonuses are linked to short-term performance and determined by taking into consideration the degree of contribution to performance and the extent to which responsibilities have been fulfilled.」
The policy for determining executive compensation, consisting of monthly compensation, short-term performance-linked bonuses and retirement gratuities, continues. - FY2017First statedAnnual report
「Monthly compensation is determined by taking into consideration the executive's position and responsibilities, compensation levels at peer companies and other factors, with a view to achieving the Company's sustainable growth. Bonuses are linked to short-term performance and determined by taking into consideration the degree of contribution to performance and the extent to which responsibilities have been fulfilled.」
The policy for calculating director compensation, consisting of monthly compensation, short-term performance-linked bonuses and retirement gratuities, was first made into a thread.