Incentives to Enhance Corporate Value Through Performance-Based Compensation and Stock Options
First written in FY2022. 1 of 3 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2024RestatedAnnual report
「The total performance-based compensation (bonuses) for directors, excluding outside directors, will be determined according to the degree of achievement of targets for performance indicators such as revenue and operating profit, within the amount remaining after deducting basic compensation already paid from the compensation limit approved by the general meeting of shareholders.」
The company continues its policy of linking compensation to achievement of targets for revenue, operating profit and other metrics. No performance-based or non-monetary compensation was paid during the fiscal year. - FY2023Compensation policy specified; none paid for the yearAnnual report
「The total performance-based compensation (bonuses) for directors, excluding outside directors, will be determined according to the degree of achievement of targets for performance indicators such as revenue and operating profit, within the amount remaining after deducting basic compensation already paid from the compensation limit approved by the general meeting of shareholders.」
The company specifies revenue, operating profit and other metrics for performance-based compensation and targets an approximate 9:1 ratio of basic to performance-based compensation. No performance-based or non-monetary compensation was paid during the fiscal year. - FY2022First statedAnnual report
「Compensation for the company’s directors, excluding outside directors, will be based on objective compensation-market survey data from external specialists and structured to link to company performance so that it functions as an incentive to enhance corporate value. It will comprise fixed basic compensation based on each director’s position, responsibilities and performance, performance-based compensation (bonuses), and non-monetary compensation in the form of stock options (stock acquisition rights).」
The company plans to structure director compensation as fixed compensation, performance-based compensation and stock options, linked to medium- and long-term corporate-value creation.