Executive Compensation Structure Combining Fixed and Performance-Linked Compensation
First written in FY2019. 3 of 4 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 2 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「Performance-linked compensation is paid in cash using net income for the current fiscal year as the indicator, from the perspective of clearly reflecting single-year performance results in business execution, and is determined based on the overall status of the business. Because performance-linked compensation is determined after comprehensively considering the overall status of the business and other factors in addition to net income for the current fiscal year, no explicit target is set for the indicator.」
The company continues to use a compensation structure combining fixed and performance-linked compensation, with net income for the current fiscal year as the indicator, together with a policy of not setting an explicit target. - FY2021RestatedAnnual report
「Performance-linked compensation is paid in cash using net income for the current fiscal year as the indicator, from the perspective of clearly reflecting single-year performance results in business execution, and is determined based on the overall status of the business. Because performance-linked compensation is determined after comprehensively considering the overall status of the business and other factors in addition to net income for the current fiscal year, no explicit target is set for the indicator.」
The company continues to use a compensation structure combining fixed and performance-linked compensation, with net income for the current fiscal year as the indicator. It also states its policy of not setting an explicit target. - FY2020RestatedAnnual report
「The executive compensation structure for both directors and Audit & Supervisory Board members is designed as “basic monthly compensation plus bonuses.” Basic compensation for internal directors comprises fixed compensation and performance-linked compensation. Performance-linked compensation uses net income as an indicator, from the perspective of clearly reflecting single-year performance results in business execution, and is determined based on the overall status of the business.」
The company continues to use a compensation structure combining fixed and performance-linked compensation, with net income as the performance indicator. No explicit target has been set for performance-linked compensation. - FY2019First statedAnnual report
「The executive compensation structure for both directors and Audit & Supervisory Board members is designed as “basic monthly compensation plus bonuses.” Basic compensation for internal directors comprises fixed compensation and performance-linked compensation. Performance-linked compensation uses net income as an indicator, from the perspective of clearly reflecting single-year performance results in business execution, and is determined based on the overall status of the business.」
The company disclosed an executive compensation structure based on basic monthly compensation and bonuses, combining fixed and performance-linked compensation for internal directors and using net income as the performance indicator.