Introduction of a nomination and compensation committee and performance-linked compensation
First written in FY2021. 2 of 5 entries say "Advanced", first in FY2023. Latest entry: FY2025.
- FY2025AdvancedAnnual report
「During the fiscal year, the nomination and compensation committee met 5 times to consider the following matters, among others.」
The number of nomination and compensation committee meetings increased from 1 in the previous fiscal year to 5, with the committee considering the appointment and compensation of directors and subsidiary directors, as well as performance-linked compensation. - FY2024Update to the number of nomination and compensation committee meetingsAnnual report
「During the fiscal year, the nomination and compensation committee met 1 time to consider the amounts of executive compensation and other remuneration, mainly discussing the following matters.」
The nomination and compensation committee met 1 time during the fiscal year to consider the appointment of directors and compensation for directors scheduled to be appointed at subsidiaries. - FY2023AdvancedAnnual report
「During the fiscal year, the nomination and compensation committee met 3 times to consider the amounts of executive compensation and other remuneration, mainly discussing the following matters.」
The nomination and compensation committee established in March 2021 met 3 times during the fiscal year to consider the policy for determining executive compensation and individual director compensation. - FY2022RestatedAnnual report
「The indicative ratio by type of compensation is basic compensation: performance-linked compensation = 85:15, assuming 100% achievement of the KPIs.」
The company reconfirmed the compensation structure established through the nomination and compensation committee and the indicative 85:15 ratio of basic to performance-linked compensation. - FY2021First statedAnnual report
「At a meeting of the board of directors held on 10 March 2021, the company resolved its policy for determining individual director compensation and other remuneration and the establishment of a nomination and compensation committee. The indicative ratio by type of compensation is basic compensation: performance-linked compensation = 85:15, assuming 100% achievement of the KPIs.」
The company established a nomination and compensation committee and disclosed for the first time a compensation policy setting the indicative ratio of basic compensation to performance-linked compensation based on ordinary profit at 85:15.