Director Compensation Structure Combining Fixed, Performance-Linked and Equity Compensation
First written in FY2019. 1 of 3 entries say "Restated". Latest entry: FY2023.
- FY2023ReframedAnnual report
「Compensation and other payments to the Company's directors, excluding outside directors, comprise approximately 60% fixed compensation, 30% performance-linked compensation and 10% equity-based compensation, including compensation related to restricted stock.」
The compensation composition changed from 65% fixed, 30% performance-linked and 5% stock options to 60% fixed, 30% performance-linked and 10% restricted stock. - FY2020RestatedAnnual report
「Compensation and other payments to the Company's directors, excluding outside directors, comprise approximately 65% fixed compensation, 30% performance-linked compensation and 5% stock options. … The target consolidated ordinary profit used as the performance-linked compensation indicator for the fiscal year was ¥14,000 million, while actual consolidated ordinary profit was ¥16,127 million.」
The composition ratios of fixed, performance-linked and equity-based compensation were maintained, and consolidated ordinary profit, the performance-linked compensation indicator, came to ¥16,127.31 million against a target of ¥14,000 million. - FY2019First statedAnnual report
「Compensation and other payments to the Company's directors, excluding outside directors, comprise fixed compensation, performance-linked compensation and stock options, with fixed compensation accounting for approximately 65%, performance-linked compensation for 30% and stock options for 5%.」
Director compensation comprises fixed compensation, performance-linked compensation based on consolidated ordinary profit as an indicator, and stock options, with the approximate composition ratios disclosed. The target consolidated ordinary profit for the performance-linked compensation indicator was ¥11.8 billion, compared with actual consolidated ordinary profit of ¥12,813.566 million.