Executive Compensation Linked to Medium- and Long-Term Performance and Consideration of Performance-Linked Compensation Schemes
First written in FY2019. 6 of 9 entries say "Advanced", first in FY2023. Latest entry: FY2027-H1.
The whole theme swung hardest in 2024: 13 of 117 companies on the "Worse" side.
- FY2027-H1AdvancedAnnual report
「Treasury shares decreased by 15,300 from the end of the previous fiscal year as a result of the disposal of treasury shares and other transactions carried out as restricted stock compensation on 19 August 2026.」
The company conducted a disposal of treasury shares as restricted stock compensation on 19 August 2026 and stated that the share-based compensation system would continue to be operated. - FY2026AdvancedAnnual report
「The Company's activities and specific matters considered during the fiscal year were as follows.」
The company disclosed that the Nomination Committee met 4 times and the Compensation Committee met 2 times to consider criteria for the appointment and dismissal of directors and senior executive officers, proposals for appointments, compensation policies and individual compensation amounts. - FY2025AdvancedAnnual report
「As non-monetary compensation, the Company allocates restricted shares as compensation and other remuneration for the purpose of sharing with shareholders the benefits and risks of share price fluctuations and increasing motivation to contribute to higher share prices and corporate value.」
The company continues to operate its restricted stock compensation program, has a policy of limiting share-based compensation to approximately 20% or less of cash compensation, and disclosed ¥8 million in non-monetary compensation for the fiscal year. - FY2025-H1AdvancedAnnual report
「The number of treasury shares decreased by 16,900 shares from the end of the previous fiscal year as a result of the disposal of treasury shares and other transactions conducted as restricted stock compensation on 20 August 2024.」
The company conducted a disposal of treasury shares as restricted stock compensation on 20 August 2024 and states that the compensation system is now being implemented. - FY2024-Q1AdvancedAnnual report
「At a meeting of the Board of Directors held on 22 June 2023, the Company resolved to dispose of treasury shares as restricted stock compensation, and the payment procedures were completed on 19 July 2023.」
Regarding the restricted stock compensation whose introduction was resolved in FY2023, the disposal of treasury shares and payment procedures were completed on 19 July 2023. The company also states that the purpose includes sharing with shareholders the benefits and risks of share price fluctuations and increasing executives' motivation to contribute to higher share prices and corporate value. - FY2023AdvancedAnnual report
「The compensation of the Company's directors consists of fixed monthly compensation in cash and share-based compensation. It is determined comprehensively, taking into account the director's position, responsibilities and years in office, as well as compensation levels at other companies, the Company's performance and employee salary levels.」
While not establishing performance-linked compensation, the company has moved toward a compensation structure that introduced restricted stock compensation following approval at the general meeting of shareholders held on 22 June 2023 and abolished the directors' retirement allowance system. - FY2022Establishment of a Nomination and Compensation CommitteeAnnual report
「On 22 June 2022, the Company established a voluntary Nomination and Compensation Committee as an advisory body to the Board of Directors. Going forward, the committee will deliberate on policies and procedures for determining executive compensation and on compensation amounts, and will review the process and approach used to evaluate individual performance, thereby seeking to improve the transparency and objectivity of executive compensation.」
While maintaining the statement that no performance-linked compensation system itself has been established, the company established a voluntary committee to deliberate on compensation policies, procedures and evaluation processes. - FY2021SoftenedAnnual report
「This compensation consists solely of fixed monthly compensation, and the Company has not established a compensation system involving performance-linked or non-monetary compensation.」
While FY2019 described the continued consideration of a performance-linked compensation system using specific indicators, FY2021 expressly stated that no system of performance-linked or non-monetary compensation had been established. - FY2019First statedAnnual report
「The Company's Board of Directors determines compensation amounts by reflecting the responsibilities of each executive director responsible for business execution and other executives, including the nature and scale of the departments they oversee, their responsibilities and their contribution to management, and by linking compensation to medium- to long-term performance, from the perspective of providing incentives that contribute to the exercise of sound entrepreneurial spirit. The Company intends to continue considering a performance-linked compensation system using specific performance indicators.」
The company has newly stated its view that executive compensation should be linked to responsibilities and medium- to long-term performance, as well as its policy of continuing to consider a performance-linked compensation system using specific indicators.