Director Compensation Policy Focused on Sustainable Corporate Value and Transparency
First written in FY2022. 2 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2022: 13 of 92 companies on the "Worse" side.
65 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The Compensation Committee was established pursuant to a resolution of the Board of Directors meeting held on 11 October 2024 to strengthen the fairness, transparency and objectivity of procedures concerning executive compensation. It met 2 times during the 1-year period from March 2025 through February 2026 to deliberate on directors' compensation.」
The Compensation Committee met 2 times during the current fiscal year to deliberate on directors' compensation. Its activity increased from 1 meeting in the previous period. - FY2025AdvancedAnnual report
「c. Activities of the Compensation Committee Since its establishment pursuant to a resolution of the Board of Directors meeting held on 11 October 2024, the Compensation Committee met once during the 1-year period through February 2025 to deliberate on directors' compensation.」
In addition to revising the executive compensation system, the company established a Compensation Committee with a majority of outside directors. The committee met 1 time during the current fiscal year to deliberate on compensation amounts. Stock-based compensation of ¥20.550 million was recorded. - FY2025-H1RestatedAnnual report
「Based on a resolution of the 58th Annual General Meeting of Shareholders held on 29 May 2024, the company introduced a trust-based stock compensation plan (the “Plan”) for its directors, excluding directors who are Audit and Supervisory Committee members and outside directors.」
The company continues to disclose the introduction and operation of its trust-based stock compensation plan following the abolition of the directors' retirement bonus plan and the transition to stock-based compensation. The plan covers the 3-year period from the day following the May 2024 Annual General Meeting of Shareholders through the conclusion of the May 2027 Annual General Meeting of Shareholders. - FY2025-Q1AchievedAnnual report
「At the 58th Annual General Meeting of Shareholders held on 29 May 2024, the company resolved to make lump-sum payments in connection with the abolition of the directors' retirement bonus plan.」
In connection with the revision of the directors' compensation system, the company resolved at the General Meeting of Shareholders to abolish the directors' retirement bonus plan and make lump-sum payments. The provision for directors' retirement bonuses was fully reversed, and ¥131.753 million was recorded as an accrued expense. - FY2024ReframedAnnual report
「In line with the basic policy above, compensation for directors, excluding outside directors and directors who are Audit and Supervisory Committee members, shall consist of fixed cash compensation, performance-linked compensation in the form of directors' bonuses, and non-cash stock-based compensation.」
The company revised its system from the previous policy centered on fixed compensation, bonuses and retirement bonuses to a system consisting of fixed compensation, performance-linked compensation and stock-based compensation. The payout rate for performance-linked compensation is set at 0–200%, and when performance targets are achieved at 100%, compensation consists of 65–70% fixed compensation, 18–20% performance-linked compensation and 12–15% stock-based compensation. The company has also introduced a trust-based stock compensation plan. - FY2023RestatedAnnual report
「1. Compensation shall enable the appointment of outstanding personnel as directors who put the corporate philosophy of “coexistence” into practice. 2. The compensation structure shall motivate the sustainable enhancement of corporate value. 3. The compensation structure shall provide a high degree of transparency, fairness and rationality, enabling the company to fulfill its accountability to stakeholders, including shareholders.」
The company continues its policy on directors' compensation, which emphasizes the corporate philosophy of “coexistence,” the sustainable enhancement of corporate value and accountability to stakeholders. - FY2022First statedAnnual report
「The company established its policy for determining the details of individual directors' compensation by resolution of the Board of Directors on 12 February 2021. An overview is as follows.」
The company discloses for the first time as a separate topic its policy for determining directors' compensation, which emphasizes putting its corporate philosophy of “coexistence” into practice, sustainably increasing corporate value and accountability to shareholders and other stakeholders. Cash compensation consists of fixed compensation, directors' bonuses and directors' retirement bonuses, and is determined in accordance with internal rules and resolutions of the Board of Directors and other bodies.