Performance-Linked Compensation and Compensation Decisions by the Compensation Committee
First written in FY2021. 5 of 8 entries say "Advanced", first in FY2025-H1. Latest entry: 2026-07-24.
The whole theme swung hardest in 2020: 4 of 31 companies on the "Worse" side.
24 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Actual net income before deduction of compensation: ¥438 million The breakdown by director rank is as follows. President: ¥990,000 Managing Director: ¥750,000 Directors: ¥2.07 million (3 eligible directors)」
For the performance-linked compensation system based on net income, the Company disclosed actual payments of ¥990,000 to the president, ¥750,000 to the managing director, and a total of ¥2.07 million to directors, based on net income before deduction of compensation of ¥438 million for the fiscal year ending March 2026. - 2026-06-05Cited as achievedGeneral Meetings of Shareholders
「The details of non-monetary compensation and other compensation are 3,686 common shares of the company, with an issue price of ¥2,170 per share.」
The company reported the delivery of 3,686 common shares to 5 directors under the restricted stock compensation plan. - FY2026-H1AdvancedAnnual report
「Class and number of shares offered: 3,686 common shares … Description and value of the property contributed: an aggregate of ¥8 million in monetary compensation claims against the Company granted to 5 of the Company's directors, to be contributed in kind.」
Regarding restricted stock compensation, the process progressed to the implementation stage, with 3,686 common shares worth a total of ¥8 million to be issued to 5 directors. - FY2025-H1AdvancedAnnual report
「At a Board of Directors meeting held on 27 June 2024, a resolution was passed regarding the issuance of new shares as restricted stock compensation, and the issuance was carried out on 26 July of the same year. Class and number of shares offered: 2,375 common shares Description and value of the property contributed: an aggregate of ¥6 million in monetary compensation claims against the Company granted to 4 of the Company's directors」
Regarding restricted stock compensation, the process progressed from the Board of Directors' resolution to the implementation stage, with 2,375 common shares issued to 4 directors. - FY2023ReframedAnnual report
「The performance-linked compensation metric has been changed to net income, which is distributable profit, with the aim of aligning interests with shareholders. An amount equal to 0.7% of net income will fund directors' compensation and will be allocated by director rank in the ratio of 1:0.75:0.7.」
The performance-linked compensation metric was changed from the operating profit budget achievement rate and operating margin to net income, and the system was restructured to use 0.7% of net income as its funding source. In addition, restricted stock compensation was introduced, capped at ¥10 million and 6,250 shares per year. - FY2021First statedAnnual report
「For the company-wide performance-linked component, evaluation points are calculated using a matrix based on the achievement rate for the previous fiscal year’s operating profit against budget and the operating margin. The evaluation points determine the evaluation rank and adjustment rate.」
This is the first independent record of a performance-linked compensation system using achievement against the operating-profit budget and operating margin, with the Board of Directors deciding compensation based on recommendations from the Compensation Committee.