Considering the Introduction of Performance-Based Compensation
First written in FY2017. 2 of 10 entries say "Reframed", first in FY2018. Latest entry: FY2026.
The whole theme swung hardest in 2020: 5 of 26 companies on the "Worse" side.
18 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Performance-linked compensation ¥8.4 million Calculation period Fiscal year ending March 2026 Performance indicator used for calculation Operating income before adding total performance-linked compensation: ¥260 million」
Under the performance-linked compensation system, following the revision of the payment conditions, the Company recorded ¥8.4 million in performance-linked compensation expense for the current fiscal year based on consolidated operating income before the addition of ¥260 million. - 2026-06-02Cited as achievedGeneral Meetings of Shareholders
「Performance-linked compensation is paid subject to consolidated operating income of at least ¥200 million and consolidated net income after adding performance-linked compensation of at least ¥50 million. The total amount is capped at ¥18 million and calculated based on consolidated operating income. The actual performance indicator for the fiscal year was ¥260 million.」
The disclosure sets out the conditions for paying performance-linked compensation and reports consolidated operating income of ¥260 million for the fiscal year. - FY2026-H1Performance-linked compensation provision balance eliminatedAnnual report
「Provision for performance-linked compensation 1,200 —」
The provision for performance-linked compensation fell from ¥1,200 thousand at the end of the previous consolidated fiscal year to zero at the end of the current interim consolidated accounting period. No additional explanation of the cause or payment record is provided in the main text. - FY2024RaisedAnnual report
「At a meeting of the Board of Directors held on 26 June 2024, the Company resolved to revise the payment conditions for performance-linked compensation. The specific calculation method is as follows.」
The minimum consolidated operating income threshold for payment of performance-linked compensation was raised from the previous threshold of at least ¥160 million to at least ¥200 million. For the fiscal year ended March 2024, operating income was ¥252 million and performance-linked compensation was ¥15.4 million under the pre-revision criteria. - FY2022Payment conditions for performance-linked compensation not metAnnual report
「Performance-linked compensation — Calculation period Fiscal year ending March 2022 Performance indicator used for calculation Not applicable because consolidated operating income for the fiscal year ending March 2022 was ¥108 million」
It states that no performance-linked compensation was paid for the current fiscal year because consolidated operating income for the fiscal year ended March 2022 was ¥108 million, below the payment condition of at least ¥160 million. - FY2021AchievedAnnual report
「However, the Company determined that, to further strengthen the short-term incentive function for improving corporate performance, clarifying the degree of contribution to performance by paying executive directors performance-linked compensation separately from fixed compensation would lead to further development, and established a system including such compensation.」
The Company implemented the introduction of the performance-indicator-linked compensation planned in the previous fiscal year and, following a resolution at the shareholders' meeting held on 24 June 2021, established a system comprising fixed compensation and performance-linked compensation. It also set payment conditions including consolidated operating income of at least ¥160 million. - FY2020ReframedAnnual report
「At the shareholders' meeting held in June 2020, the Company decided to abolish the directors' retirement bonus system from the current fiscal year and make lump-sum payments of retirement bonuses to incumbent directors and corporate auditors for their periods of service up to the abolition of the system. Going forward, the Company plans to review its existing executive compensation system and establish a new system incorporating performance-linked compensation based on performance indicators by the next shareholders' meeting.」
The consideration of performance-linked compensation has been made more concrete through the abolition of the directors' retirement bonus system and a plan to incorporate performance-indicator-linked compensation by the next shareholders' meeting. - FY2019RestatedAnnual report
「However, to ensure that the basic compensation of the President and executive directors serves as an incentive based on short-term performance, the Company has established a system under which compensation amounts are determined with reference to the Company's performance in the previous fiscal year, although they are not linked to performance indicators.」
Rather than a system formally called performance-linked compensation, it describes a mechanism for adjusting basic compensation based on the previous fiscal year's performance, with its appropriateness verified by the advisory committee. - FY2018ReframedAnnual report
「As a long-term incentive, the Company provides directors' retirement bonuses as compensation for their service over their entire terms of office.」
Performance-linked compensation, which was described as under consideration in the previous filing, is not specified in the compensation policy for the current fiscal year. Instead, the explanation provides for long-term incentives through directors' retirement bonuses. - FY2017First statedAnnual report
「The Company does not currently provide performance-based incentives, but is considering introducing performance-linked compensation for executive directors.」
Although the Company does not currently provide performance-based incentives, it is considering introducing performance-linked compensation for executive directors.