Introduction of a Compensation Committee and Performance-Linked Compensation
First written in FY2021. 3 of 4 entries say "Advanced", first in FY2022. Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「The Remuneration Committee’s activities in fiscal 2025 were as follows.」
The Remuneration Committee met once in fiscal 2025 to examine whether the approach to calculating fixed periodic remuneration and performance-linked compensation was consistent with the determination policy. Performance-linked compensation for directors was ¥61 million. - FY2025AdvancedAnnual report
「The Remuneration Committee’s activities in fiscal 2024 were as follows.」
The Remuneration Committee met once in fiscal 2024 to examine the appropriateness of the calculation methods for fixed periodic remuneration and performance-linked compensation. Performance-linked compensation for directors was ¥52 million. - FY2022AdvancedAnnual report
「For the current fiscal year, the determination of individual directors’ remuneration has been delegated to Kikuchi Kazuhiro (菊池 一広), President and Representative Director, who will determine the fixed periodic remuneration and performance-linked compensation based on resolutions of the Board of Directors.」
The company discloses the determination of individual remuneration for the current fiscal year, the Remuneration Committee’s recommendations and results including ¥28 million in performance-linked compensation, following the resolution in the previous fiscal year to establish the Remuneration Committee and introduce performance-linked compensation. - FY2021First statedAnnual report
「At a meeting of the Board of Directors held on 25 February 2021, the company resolved the following policies in line with the policy described above. At the same meeting, it also resolved to establish a voluntary advisory Remuneration Committee. As an advisory body to the Board of Directors, the committee consists of representative directors and independent outside directors. In response to consultations from the Board of Directors, it deliberates on matters including the establishment or amendment of policies for determining the details of individual directors’ remuneration and related matters, and submits its recommendations to the Board of Directors.」
On 25 February 2021, the company established a Remuneration Committee and disclosed, for the first time as an independent initiative, a performance-linked compensation framework using consolidated ordinary profit and non-consolidated extraordinary gains and losses as performance indicators, together with deliberations on remuneration policies by representative directors and independent outside directors.