Performance-Linked Director Compensation
First written in FY2016. 2 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 13 of 117 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The annual general meeting of shareholders held on 29 June 2004 resolved that the annual total remuneration for directors would be set at 1% of consolidated ordinary profit for the previous consolidated fiscal year.」
The Company continues to operate a system under which total directors’ remuneration is set at 1% of consolidated ordinary profit and executive officers’ remuneration is paid from the same total. - FY2020AdvancedAnnual report
「Following the introduction of the executive officer system effective 1 April 2020, remuneration for executive officers is also paid from the current annual total remuneration for directors.」
With the introduction of the executive officer system effective 1 April 2020, the scope of the performance-linked remuneration system, whose annual total is 1% of consolidated ordinary profit, was expanded to include executive officers. - FY2018RestatedAnnual report
「Pursuant to a resolution of the annual general meeting of shareholders held on 29 June 2004, the Company introduced a performance-linked remuneration system that consolidated the previous three-part system of monthly remuneration, bonuses and retirement benefits for directors. The annual total remuneration for directors, covering July through the following June, is set at 1% of consolidated ordinary profit for the previous consolidated fiscal year.」
It reiterates the system linking directors’ remuneration to consolidated ordinary profit for the previous consolidated fiscal year. - FY2016First statedAnnual report
「Pursuant to a resolution of the annual general meeting of shareholders held on 29 June 2004, the Company introduced a performance-linked remuneration system that consolidated the previous three-part system of monthly remuneration, bonuses and retirement benefits for directors. The annual total remuneration for directors, covering July through the following June, is set at 1% of consolidated ordinary profit for the previous consolidated fiscal year.」
Corporate auditors receive fixed remuneration independent of the execution of business operations.