Determination of Executive Compensation Taking into Account Position, Responsibilities, Contribution and Profit Indicators
First written in FY2018. 4 of 10 entries say "Advanced", first in FY2024-Q2. Latest entry: 2026-06-26.
The whole theme swung hardest in 2019: 2 of 12 companies on the "Worse" side.
9 other companies' latest entry also says "Advanced".
- 2026-06-26AdvancedShare Issuance and Disposal
「Today, the Board of Directors resolved to pay total monetary remuneration claims of ¥1,638,210 to 4 directors of the Company designated to receive the allocation (the “allottees”) as restricted stock-based remuneration for the period from the Annual General Meeting of Shareholders for the Company’s 88th fiscal year through the Annual General Meeting of Shareholders for the Company’s 89th fiscal year, and to allot 2,030 common shares of the Company as specified restricted stock, through the allottees’ contribution in kind of the full amount of those monetary remuneration claims.」
Under the restricted stock-based remuneration plan, following the disposal of 1,764 treasury shares in the previous fiscal year, the company resolved to dispose of 2,030 shares for 4 directors, further specifying the implementation of the plan. - FY2026-H1AdvancedAnnual report
「Based on the disposal of treasury shares as restricted stock compensation approved at the board meeting held on 27 June 2025, the company disposed of 1,764 treasury shares on 25 July 2025.」
Under the restricted stock compensation system, the company disposed of 1,764 treasury shares on 25 July 2025. As in the previous fiscal year, implementation of the system became more concrete. - FY2025-H1AdvancedAnnual report
「Based on the disposal of treasury shares as restricted stock compensation approved at the board meeting held on 27 June 2024, the company disposed of 3,198 treasury shares on 25 July 2024.」
Under the restricted stock compensation system, the company disposed of 3,198 treasury shares on 25 July 2024. As in the previous fiscal year, implementation of the system progressed through an actual disposal of shares. - FY2024-Q2AdvancedAnnual report
「Based on the disposal of treasury shares as restricted stock compensation approved at the board meeting held on 29 June 2023, the company disposed of 1,318 treasury shares on 25 July 2023.」
Following the resolution to introduce the restricted stock compensation system, the company disposed of 1,318 treasury shares on 25 July 2023, moving to the implementation stage of the system. - FY2024-Q1AchievedAnnual report
「Under non-current liabilities, the provision for directors' retirement benefits decreased by ¥542 million due to reversals upon retirement and the abolition of the system, while other non-current liabilities increased by ¥189 million.」
Following the abolition of the directors' retirement allowance system, the provision for directors' retirement benefits decreased by ¥542 million, reflecting the accounting impact of the system's abolition. - FY2023ReframedAnnual report
「At a board meeting held on 19 May 2023, the company reviewed its executive compensation system and resolved to abolish the directors' retirement allowance system and introduce a restricted stock compensation system. It submitted a proposal concerning the system to the company's 85th Annual General Meeting of Shareholders held on 29 June 2023, where it was approved.」
The company reorganised its compensation structure by abolishing the former directors' retirement allowance system and introducing a restricted stock compensation system to increase directors' motivation to contribute to improving corporate value. - FY2021ReframedAnnual report
「The company pays its directors in cash. Monthly compensation is fixed, while bonuses are generally paid twice a year according to the company's performance and the progress of its business operations. The company also pays retirement allowances when directors leave office.」
At a board meeting in February 2021, the company formalised a compensation policy comprising fixed monthly cash compensation, bonuses generally paid twice a year, and retirement allowances. It also stated that it does not provide direct performance-linked compensation or non-cash compensation. - FY2020RestatedAnnual report
「The company determined that linking compensation to numerical indicators would not necessarily provide an appropriate incentive, and does not use stock options or other incentives or performance-linked executive compensation.」
The company has reconfirmed its policy of not using an executive compensation system linked to numerical indicators because of external factors such as the number of vessel port calls and the public nature of its business. - FY2019ReframedAnnual report
「The company's performance is heavily affected by factors outside its control, such as the number of vessel port calls. In addition, it has determined that linking compensation to numerical indicators would not necessarily provide an appropriate incentive because there are no objective financial indicators that reflect directors' contributions and because of the public nature of its operations, which support the safe operation of vessels through towing. Accordingly, the company does not use stock options or other incentives, or performance-linked executive compensation.」
In addition to the previous explanation that position, responsibilities, contribution and profit indicators are considered, the company explicitly stated that it does not use a numerical-indicator-linked executive compensation system because of external factors such as the number of vessel port calls and the public nature of its business. - FY2018First statedAnnual report
「The amount of compensation and other remuneration for the company's executives is determined, with respect to base compensation, within the company's financial constraints and according to the balance with employee salaries, prevailing market levels, each executive's position, scope of responsibilities and contribution to corporate management. Bonuses are submitted to the General Meeting of Shareholders for approval after taking into account profit indicators, prevailing market levels and other factors, while the amount for each executive is determined according to that individual's position, scope of responsibilities and contribution to corporate management.」
The company has for the first time explicitly stated its policy of determining base compensation after considering financial constraints, employee salaries, prevailing market levels, position, responsibilities and contribution, and determining bonuses after taking profit indicators and other factors into account.