Introduction of Profit-Linked Compensation
First written in FY2017. 2 of 6 entries say "Advanced", first in FY2018. Latest entry: FY2025.
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
22 other companies' latest entry also says "Restated".
- FY2025RestatedAnnual report
「No target has been set for the relevant metric, net income for the fiscal year, but the company reported net income of ¥2,672 million for the fiscal year.」
The company continues the method for calculating bonuses linked to net income for the fiscal year and reiterates the mechanism under which compensation is determined based on net income for the fiscal year. - FY2022RestatedAnnual report
「The company pays bonuses linked to its net income for the fiscal year. No target has been set for the relevant metric, net income for the fiscal year, but the company reported net income of ¥963 million for the fiscal year.」
The company continues the method for calculating bonuses linked to net income for the fiscal year and reports net income of ¥963 million as the result for the fiscal year. - FY2021AdvancedAnnual report
「The company pays bonuses linked to its net income for the fiscal year to directors, excluding outside directors, and executive officers, separately from fixed compensation. The purpose is to further improve corporate performance by ensuring transparency in the calculation method for performance-linked compensation. No target has been set for the relevant metric, net income for the fiscal year, but the company reported net income of ¥991 million for the fiscal year.」
The company did not pay bonuses in the previous fiscal year because it recorded a net loss, but recorded net income of ¥991 million in the current fiscal year and recognized directors' bonuses of ¥31 million. - FY2019No bonus was paid for the fiscal year.Annual report
「No target has been set for the relevant metric, net income for the fiscal year. However, the company reported a net loss of ¥2,223 million for the fiscal year. Accordingly, no bonus was paid for the fiscal year.」
The method for calculating profit-linked compensation remains in place, but no bonus was paid for the fiscal year because the company recorded a net loss. - FY2018AdvancedAnnual report
「The total amount paid will be 1.8% of the company's net income for the fiscal year. Amounts below ¥1 million will be rounded down, and the total amount will not exceed ¥150 million.」
The company applied the method for calculating profit-linked compensation in the fiscal year ending March 2018 and recorded directors' bonuses of ¥31 million in executive compensation for the fiscal year. - FY2017First statedAnnual report
「The total amount paid will be 1.8% of the company's net income for the fiscal year. Amounts below ¥1 million will be rounded down, and the total amount will not exceed ¥150 million. Outside directors are not eligible. Payment is conditional on both consolidated operating income and net income attributable to owners of the parent being positive for the fiscal year, and on the payment of a year-end dividend.」
For the fiscal year ending March 2018, the company introduced a method for calculating profit-linked compensation based on 1.8% of net income for the fiscal year, capped at ¥150 million in total.