Performance-based compensation for internal directors linked to net income
First written in FY2019. 1 of 6 entries say "Advanced", first in FY2023. Latest entry: FY2026.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
48 other companies' latest entry also says "Other".
- FY2026Performance below the threshold for the performance-linked metricAnnual report
「The performance for the metric used to calculate performance-based compensation for the current fiscal year was net income attributable to owners of the parent of ¥291 million.」
Net income attributable to owners of the parent for the current fiscal year was ¥291 million, below the ¥938 million benchmark for performance-based compensation. - FY2024The performance-linked metric remains above the benchmarkAnnual report
「As consolidated financial statements are not prepared, the performance for the metric used to calculate performance-based compensation for the current fiscal year was the filing company's net income of ¥1,059 million.」
Net income was ¥1,059 million, compared with the ¥938 million benchmark for performance-based compensation, remaining above the benchmark. - FY2023AdvancedAnnual report
「As consolidated financial statements are not prepared, the performance for the metric used to calculate performance-based compensation for the current fiscal year was the filing company's net income of ¥1,154 million.」
Net income was ¥1,154 million, above the ¥938 million benchmark for performance-based compensation. - FY2022Performance below the threshold for the performance-linked metricAnnual report
「Performance-based compensation by position for internal directors is set using net income of ¥938 million in the 47th fiscal year as the benchmark. If net income attributable to owners of the parent exceeds the benchmark, performance-based compensation increases, and if it falls below the benchmark, compensation decreases. The performance for the metric used to calculate performance-based compensation for the current fiscal year was ¥707 million.」
The actual result for the metric used to calculate performance-based compensation was ¥707 million, compared with the ¥938 million benchmark. - FY2021Performance below the threshold for the performance-linked metricAnnual report
「Performance-based compensation by position for internal directors is set using net income of ¥938 million in the 47th fiscal year as the benchmark. If net income attributable to owners of the parent exceeds the benchmark, performance-based compensation increases, and if it falls below the benchmark, compensation decreases. The performance for the metric used to calculate performance-based compensation for the current fiscal year was ¥215 million.」
Net income attributable to owners of the parent for the current fiscal year was ¥215 million, compared with the ¥938 million benchmark for performance-based compensation. - FY2019First statedAnnual report
「The Company's basic policy is to set performance-based compensation at 20% of total compensation by position when company performance is at the benchmark level, namely the level in the 47th fiscal year. Net income is used as the metric for calculating performance-based compensation. Performance-based compensation by position for internal directors is set using net income of ¥938 million in the 47th fiscal year as the benchmark. If net income exceeds the benchmark, performance-based compensation increases, and if it falls below the benchmark, compensation decreases. The performance for the current fiscal year against the benchmark of ¥938 million in net income was ¥134 million.」
The company described a policy of setting performance-based compensation at 20% of total compensation for internal directors, increasing or decreasing it based on benchmark net income of ¥938 million, and reported current-year performance of ¥134 million.