Executive Compensation Framework Including Performance-Linked and Stock-Based Compensation
First written in FY2021. 3 of 6 entries say "Reframed", first in FY2024. Latest entry: FY2026.
- FY2026ReframedAnnual report
「The target compensation mix, taking into account position, responsibilities, compensation levels at other companies and social conditions, is 50–80% base compensation, 25–10% performance-linked compensation and 25–10% nonmonetary compensation (restricted stock compensation).」
The compensation structure changed from the previous mix of 75–90% fixed compensation and 10–25% performance-linked compensation to three categories including restricted stock compensation, with the target range for base compensation also changing to 50–80%. - 2026-04-29ReframedGeneral Meetings of Shareholders
「Compensation for executive directors consists of fixed basic compensation, performance-linked cash compensation in the form of bonuses, and non-monetary compensation in the form of restricted stock compensation. It is determined in accordance with the following policy. As a guideline, the compensation mix, taking into account the position, responsibilities, compensation levels at other companies and social conditions, is 50–80% basic compensation, 25–10% performance-linked compensation and 25–10% non-monetary compensation, including restricted stock compensation.」
The disclosure specifies guideline percentages for the composition of director compensation, including restricted stock compensation. - FY2025-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 20 June 2024, the Company resolved to dispose of treasury shares as restricted stock compensation as set out below.」
The Company progressed to a resolution on the disposal of treasury shares, with 19 July 2024 set as the disposal date, under a restricted stock compensation plan replacing the conventional stock-option-type equity compensation. - FY2024ReframedAnnual report
「As part of its review of the executive compensation system, the Company has introduced this system in place of the stock options described above and has obtained shareholder approval to establish a separate compensation limit for directors covered by this system, apart from the compensation limit described above.」
The executive compensation structure changed from one using conventional stock-option-type equity compensation to one using restricted stock compensation. - FY2023RestatedAnnual report
「Compensation for executive directors consists of base compensation as fixed compensation, bonuses as performance-linked cash compensation, and, where a medium-term plan is established, equity compensation based on the results for one year as progress toward the plan. The target compensation mix, taking into account position, responsibilities, compensation levels at other companies and social conditions, is 75–90% base compensation and 25–10% performance-linked compensation.」
The Company continues to disclose an executive compensation structure consisting of fixed compensation, performance-linked cash compensation and equity compensation, with base compensation targeted at 75–90% and performance-linked compensation at 10–25%. - FY2021First statedAnnual report
「Compensation for executive directors consists of base compensation as fixed compensation, bonuses as performance-linked cash compensation, and, where a medium-term plan is established, equity compensation based on the results for one year as progress toward the plan. The target compensation mix, taking into account position, responsibilities, compensation levels at other companies and social conditions, is 75–90% base compensation and 25–10% performance-linked compensation.」
Director compensation consists of fixed compensation, performance-linked cash compensation and equity compensation tied to the medium-term plan, with base compensation targeted at 75–90% and performance-linked compensation at 25–10%.