Introduction of Performance-Linked Compensation
First written in FY2024-Q1. 3 of 7 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2026RaisedAnnual report
「In addition, pursuant to a resolution of the regular meeting of the Board of Directors held on 16 July 2026, the policy was revised for fiscal years ending June 2027 and thereafter so that the ratio of performance-linked compensation to basic compensation will be no more than 1/2 when the achievement rate for the target of every performance-linked compensation metric is 100%.」
For full-time directors’ performance-linked compensation, ¥15.075 million was recorded for the fiscal year ending June 2026, and the policy was set out to increase the ratio to basic compensation from approximately 1/4 under the previous policy to no more than 1/2 from the fiscal year ending June 2027 onward. - FY2026-H1Update to the interim provision amountAnnual report
「Provision for directors’ bonuses 12,060 11,025」
The amount recorded during the interim accounting period as a provision for directors’ bonuses related to the performance-linked compensation scheme was ¥11.025 million. - FY2025-H1RestatedAnnual report
「Provision for directors’ bonuses 12,060 9,000」
¥9 million was recorded during the interim accounting period as a provision for directors’ bonuses related to the performance-linked compensation scheme. - FY2024RestatedAnnual report
「In addition, at the regular meeting of the Board of Directors held on 14 August 2023, the extraordinary meeting of the Board of Directors held on 31 August 2023, and the 12th Annual General Meeting of Shareholders held on 28 September 2023, it was resolved to partially revise the policy and introduce performance-linked compensation for full-time directors, in addition to basic compensation, based on the results for each fiscal year from the 13th fiscal year (the fiscal year ending June 2024).」
For the full fiscal year, the introduction of the performance-linked compensation scheme for full-time directors and the recording of a ¥12.06 million provision for directors’ bonuses for the fiscal year have been confirmed. - FY2024-Q3RestatedAnnual report
「At the 12th Annual General Meeting of Shareholders held on 28 September 2023, it was resolved that, from the current fiscal year, a performance-linked compensation scheme based on the results for each fiscal year would be introduced for full-time directors in addition to their basic compensation. Accordingly, the amount of the expected performance-linked compensation payment corresponding to the payment-eligible period falling within the cumulative third-quarter period has been recorded as a provision for directors’ bonuses.」
A ¥13.5 million provision for directors’ bonuses corresponding to the cumulative third-quarter period has been recorded in relation to the performance-linked compensation scheme. The accounting treatment of the scheme continues to be implemented. - FY2024-Q2AdvancedAnnual report
「Following the resolution at the 12th Annual General Meeting of Shareholders held on 28 September 2023 to introduce, from the current fiscal year, a performance-linked compensation system for full-time directors based on performance for each fiscal year in addition to their basic compensation, the amount corresponding to the portion of the eligible payment period falling within the cumulative second-quarter period was recognized as a provision for bonuses for directors and corporate auditors.」
For the performance-linked compensation described in the first-quarter report as having been approved for introduction, ¥9 million corresponding to the cumulative second-quarter period of the expected payment amount has been recorded as a provision for directors’ bonuses, and the accounting treatment of the scheme is being implemented. - FY2024-Q1First statedAnnual report
「At the 12th Annual General Meeting of Shareholders held on 28 September 2023, the company resolved to introduce, from the current fiscal year, a performance-linked compensation system for full-time directors based on performance for each fiscal year, in addition to their basic compensation.」
At the Annual General Meeting of Shareholders, the company resolved to introduce, from the current fiscal year, a performance-linked compensation system for full-time directors based on performance for each fiscal year, in addition to their basic compensation.