Performance-Linked Executive Compensation and the Decision-Making Process of the Nomination and Compensation Committee
First written in FY2021. 9 of 10 entries say "Advanced", first in FY2022. Latest entry: 2026-07-31.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2026AdvancedAnnual report
「Of the variable compensation, the cash component is based on 5 financial indicators and 2 non-financial indicators linked to performance. Consolidated operating profit is used as a financial indicator to incentivize the enhancement of corporate value through improved performance in the core business. In addition, consolidated profit before income taxes and other adjustments, which reflects the results of investments and financing activities, and ROE, which indicates management efficiency, are used.」
Performance-based compensation has been defined in greater detail through 7 indicators, including financial indicators such as operating profit, profit before income taxes and other adjustments, and ROE, as well as individual job performance and scores from ESG rating agencies. - FY2026-H1AdvancedAnnual report
「The company issued 37,900 new shares as restricted stock compensation on 18 July 2025, increasing both capital stock and capital reserves by ¥74 million each as of the filing date. (Issue price: ¥3,940; amount credited to capital: ¥1,970; allottees: 19 directors and 20 executive officers of the company and its subsidiaries)」
The restricted stock compensation plan is being implemented through the issuance of 37,900 new shares and their allocation to directors and executive officers. - FY2025-H1AdvancedAnnual report
「1 April 2024–30 September 2024 Change in total shares issued: 26,800 (Note) The increase resulted from the issuance of new shares as restricted stock compensation. Allottees: Officers and employees of the company and its subsidiaries (21 directors and 23 executive officers)」
The restricted stock compensation plan continues to be implemented and has taken concrete form through the issuance of 26,800 new shares and their allocation to directors and executive officers during the interim period. - FY2024AdvancedAnnual report
「This resulted from the resolution at a meeting of the Board of Directors held on 23 June 2023 to issue new shares as stock compensation, and a total of 8,500 shares were granted on 20 July 2023 to 6 directors, excluding outside directors.」
The restricted stock compensation plan was implemented through the grant of 8,500 shares to 6 directors, excluding outside directors, and is being used alongside performance-based compensation and the decision-making process of the Nomination and Compensation Committee. - FY2024-Q1AdvancedAnnual report
「The number of shares issued as of the filing date increased by 35,800 shares as a result of the issuance, dated 20 July 2023, of new shares as restricted stock compensation.」
The restricted stock compensation plan introduced and approved in the previous fiscal year continues to be implemented through the issuance of 35,800 new shares. - FY2023-Q1AdvancedAnnual report
「The number of shares issued as of the filing date increased by 38,800 shares as a result of the issuance, dated 20 July 2022, of new shares as restricted stock compensation.」
The restricted stock compensation plan approved at the Annual General Meeting of Shareholders in the previous fiscal year has moved into the implementation stage through the issuance of 38,800 new shares. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 May 2022, the company resolved to submit a proposal concerning the introduction of a restricted stock compensation plan (the “Plan”) to the 174th Annual General Meeting of Shareholders held on 23 June 2022. The proposal concerning the Plan was approved and adopted at that meeting.」
In addition to performance-based compensation and the decision-making process of the Nomination and Compensation Committee, the introduction of a restricted stock compensation plan was approved at the Annual General Meeting of Shareholders, expanding the executive compensation framework. - FY2021First statedAnnual report
「For the performance-based component, consolidated operating profit is used as an indicator to incentivize the enhancement of corporate value through improved performance in the core business. In addition, consolidated profit before income taxes and other adjustments, which reflects the results of investments and financing activities, is used as an indicator.」
The company has, for the first time in a consolidated disclosure, set out the executive compensation system based on consolidated operating profit and consolidated profit before income taxes and other adjustments, the ratio of fixed to variable compensation, and the delegation of decision-making authority to the Nomination and Compensation Committee.