Executive compensation policy consisting solely of fixed compensation
First written in FY2021. 2 of 4 entries say "Restated". Latest entry: FY2025.
3 other companies' latest entry also says "Other".
- FY2025Clarification of the executive compensation determination processAnnual report
「The Board of Directors is to consult the outside directors and outside corporate auditors and obtain their recommendations to ensure that this authority is appropriately exercised by Representative Director and President Shibatsuji Naoki (芝辻直基), and Representative Director and President Shibatsuji Naoki (芝辻直基) must make the decision in accordance with the substance of those recommendations.」
In addition to the policy of providing only fixed base compensation, the company specifically describes the delegation of decision-making authority to the Representative Director and President and the process of consulting outside directors and outside corporate auditors and following their recommendations. - FY2024RestatedAnnual report
「Compensation consists solely of base compensation, paid as fixed monthly monetary compensation.」
The company has reconfirmed its policy of providing executive officers with only fixed base compensation. The compensation limit for directors is stated as no more than ¥4 million per month, and the compensation limit for corporate auditors as no more than ¥2 million per month. - FY2023RestatedAnnual report
「Compensation consists solely of base compensation, paid as fixed monthly monetary compensation. Base compensation is determined within the compensation limits approved by the general meeting of shareholders, taking comprehensive account of each officer’s position, responsibilities and years in office, as well as the company’s performance, employee salary levels and other factors.」
The company has reconfirmed its policy of providing executive officers with only fixed base compensation. - FY2021First statedAnnual report
「Compensation consists solely of base compensation, paid as fixed monthly monetary compensation. Base compensation is determined within the compensation limits approved by the general meeting of shareholders, taking comprehensive account of each officer’s position, responsibilities and years in office, as well as the company’s performance, employee salary levels and other factors.」
The company states a policy of providing executive officers with only fixed monthly base compensation, determined by taking into account their positions, responsibilities and years in office, as well as company performance and employee salary levels.