Nomination and Compensation Committee and Performance-Linked Compensation
First written in FY2019. 1 of 5 entries say "Advanced", first in FY2021. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 26 companies on the "Worse" side.
15 other companies' latest entry also says "Other".
- FY2026Performance-Linked Compensation Threshold Not MetAnnual report
「For the consolidated operating profit margin on revenue, the target was 1.3%, compared with an actual result of 1.1% for the consolidated fiscal year.」
Against the 1.3% consolidated operating margin required for performance-linked compensation, the actual result for the fiscal year was 1.1%. The compensation disclosures indicate that no performance-linked compensation was paid. - FY2024Resumption of Performance-Linked Compensation PaymentsAnnual report
「For the consolidated fiscal year, the target for the metric was a consolidated operating margin of 1.3%, while the actual result was 1.6%.」
Performance-linked compensation was not paid in the previous fiscal year, but in FY2024 the consolidated operating margin exceeded the 1.3% target at 1.6%, and ¥12 million in performance-linked compensation was paid. - FY2023Nonpayment of Performance-Linked CompensationAnnual report
「To clarify management's responsibility for the recognition of an extraordinary loss related to uncollectible receivables during the consolidated fiscal year, the eligible directors offered to forgo the compensation, and it was not paid.」
The consolidated operating margin was 2.0%, exceeding the 1.3% target and the threshold, but performance-linked compensation was not paid in light of the extraordinary loss related to uncollectible receivables. - FY2021AdvancedAnnual report
「The payment standard for performance-linked compensation for directors other than Audit and Supervisory Committee members is to pay an amount calculated by multiplying consolidated operating income by a position-specific percentage only when the consolidated operating margin exceeds 1.3% in each fiscal year. At the fourth annual general meeting of shareholders held on 27 August 2021, a resolution was passed to change the consolidated operating margin target from 1.0% to 1.3%. For the consolidated fiscal year, the target for the metric was a consolidated operating margin of 0.8%, while the actual result was 1.4%.」
The performance-linked compensation threshold was changed from a consolidated operating margin exceeding 1.0% to one exceeding 1.3%, while the actual result for the fiscal year was 1.4% against a target of 0.8%. - FY2019First statedAnnual report
「The Company established the Nomination and Compensation Committee on 14 December 2018, and it met once during the fiscal year. The payment standard for performance-linked compensation for directors other than Audit and Supervisory Committee members is to pay an amount calculated by multiplying consolidated operating income by a position-specific percentage only when the consolidated operating margin exceeds 1.0% in each fiscal year.」
The establishment and meetings of the Nomination and Compensation Committee, together with the performance-linked compensation system conditional on a consolidated operating margin exceeding 1.0%, were disclosed together for the first time.