Medium- to Long-Term Performance Alignment Through Performance-Linked Compensation and an Executive Shareholding Association
First written in FY2019. 2 of 5 entries say "Raised", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2019: 1 of 6 companies on the "Worse" side.
1 other company's latest entry also says "Raised".
- FY2025RaisedAnnual report
「The target consolidated operating profit for the consolidated fiscal year was ¥5,600 million, compared with actual consolidated operating profit of ¥5,644 million.」
The consolidated operating profit target for performance-linked compensation was raised from the previous target of ¥4,000 million to ¥5,600 million, and actual results exceeded the target by ¥44 million. - FY2023SoftenedAnnual report
「The target consolidated operating profit for the consolidated fiscal year was ¥4,000 million, compared with actual consolidated operating profit of ¥4,030 million.」
The consolidated operating profit target for performance-linked compensation was lowered from the previously disclosed ¥4,300 million to ¥4,000 million. Actual results for the year were ¥4,030 million, exceeding the target. - FY2022RaisedAnnual report
「To place greater emphasis on increasing corporate value through improved performance in the core business, consolidated operating profit is used as the metric for evaluating company performance. Basic compensation accounts for approximately 8 and performance-linked compensation for approximately 2 of total compensation. The target consolidated operating profit for the consolidated fiscal year was ¥4,300 million, compared with actual consolidated operating profit of ¥3,695 million.」
The consolidated operating profit target for performance-linked compensation was raised from the previously disclosed ¥4.2 billion to ¥4.3 billion, while actual results for the year were ¥3.695 billion. - FY2020Performance-linked metrics disclosedAnnual report
「To place greater emphasis on increasing corporate value through improved performance in the core business, consolidated operating profit is used as the metric for evaluating company performance. Basic compensation accounts for approximately 8 and performance-linked compensation for approximately 2 of total compensation. The target consolidated operating profit for the consolidated fiscal year was ¥4,200 million, compared with actual consolidated operating profit of ¥2,601 million.」
Consolidated operating profit was used as the performance metric for performance-linked compensation, and actual results of ¥2,601 million were disclosed against the annual target of ¥4,200 million. - FY2019First statedAnnual report
「Compensation for directors other than outside directors consists of basic compensation, which is fixed according to position and responsibilities, and performance-linked compensation, which is paid according to company performance and each director’s contribution to management. To reflect medium- to long-term performance, directors contribute a portion of their compensation to purchase the company’s shares through the officers’ shareholding association, and are encouraged to hold all purchased shares throughout their tenure.」
Directors’ compensation consists of a combination of fixed and performance-linked compensation, along with ownership of the company’s shares through the officers’ shareholding association. The composition ratio of fixed to performance-linked compensation is approximately 8:2.