Executive compensation from a medium- to long-term perspective and non-introduction of performance-linked compensation, etc.
First written in FY2018. 2 of 12 entries say "Reframed", first in FY2021. Latest entry: FY2026.
Subaru Enterprise moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「The indicator is consolidated operating income, considered the most appropriate figure for showing the Group's results for a single fiscal year. The Company will pay 0% to 200% of monthly base compensation according to consolidated operating income for the relevant fiscal year. The payment criteria for performance-based monetary compensation for the current fiscal year (fiscal 2026) were approved by the Nomination and Compensation Committee and decided by the Board of Directors, both on 16 March 2026, as follows.」
The Company has changed the performance-based compensation indicator from a description centered on medium-term targets and net income to consolidated operating income, setting payment criteria of 0% for operating income below ¥4.8 billion, 100% for operating income of ¥4.8 billion or more but less than ¥5.0 billion, and 200% for operating income of ¥5.0 billion or more. No performance-based bonus is being paid for the fiscal year under review in consideration of the recognition of extraordinary losses. - FY2026-H1Updated record of restricted stock compensation grantsAnnual report
「Note: Treasury shares decreased by 9,981 shares as a result of the grant of restricted stock compensation carried out on 23 May 2025, while they increased as a result of purchases of less-than-one-unit shares.」
The Company states that 9,981 shares of restricted stock compensation were granted on 23 May 2025. - FY2025-H1Updated record of restricted stock compensation grantsAnnual report
「Note: Treasury shares decreased by 10,452 shares as a result of the grant of restricted stock compensation carried out on 24 May 2024, while they increased as a result of purchases of less-than-one-unit shares.」
The Company states that 10,452 shares of restricted stock compensation were granted on 24 May 2024. - FY2024Compensation results updatedAnnual report
「The performance-based bonus uses net income for each fiscal year and the numerical targets set in the Medium-Term Management Strategy 2022-2025 TRY! 2025, namely net sales of ¥30 billion and operating income of ¥4.5 billion, as performance indicators. The amount of compensation is calculated based on monthly base compensation according to the degree of achievement of these targets.」
The Company has reconfirmed its policy of using net income and medium-term targets as indicators for performance-based bonuses and discloses base compensation of ¥145.332 million, performance-based bonuses of ¥4.305 million and restricted stock compensation of ¥20.168 million for the fiscal year under review. - FY2024-Q2Updated record of restricted stock compensation grantsAnnual report
「(Note) The decrease in treasury shares reflects a reduction of 3,175 shares resulting from the grant of restricted stock compensation on 26 May 2023, as well as an increase resulting from purchases of less-than-one-unit shares.」
The Company states that 3,175 shares of restricted stock compensation were granted on 26 May 2023. - FY2023Compensation results disclosedAnnual report
「The performance-based bonus uses net income attributable to owners of the parent for each fiscal year and the numerical targets in the medium-term management strategy as performance indicators, so that compensation provides sound incentives for improving performance in each fiscal year and achieving the targets of the medium-term management strategy. In the fiscal year under review, net sales were ¥28.907 billion and operating income was ¥5.092 billion. Of the targets set in the Medium-Term Management Strategy 2022-2025 TRY! 2025, namely net sales of ¥30 billion and operating income of ¥4.5 billion, the operating income target was exceeded. Net income attributable to owners of the parent was ¥3.517 billion.」
The Company discloses the indicators and results for performance-based bonuses, reporting total compensation of ¥181.010 million for in-house directors, performance-based bonuses of ¥11.320 million and restricted stock compensation of ¥20.686 million. - FY2023-Q2Updated record of restricted stock compensation grantsAnnual report
「Note: Treasury shares decreased by 3,171 shares as a result of the grant of restricted stock compensation carried out on 26 May 2022, while they increased as a result of purchases of less-than-one-unit shares.」
The Company states that 3,171 shares of restricted stock compensation were granted on 26 May 2022. - FY2022-Q2AchievedAnnual report
「Treasury shares decreased by 3,402 shares as a result of the grant of restricted stock compensation carried out on 28 May 2021, while they increased as a result of purchases of less-than-one-unit shares.」
The Company states that the restricted stock compensation whose introduction was approved in the previous filing was actually granted on 28 May 2021. - FY2021ReframedAnnual report
「Specifically, compensation for in-house directors consists of base compensation, performance-based bonuses and stock compensation, with the introduction of restricted stock compensation approved at the 107th Annual General Meeting of Shareholders held on 28 April 2021. Outside directors, who are responsible for the supervisory function, and directors who are Audit and Supervisory Committee members receive fixed compensation only, in view of their duties.」
The Company has changed from its previous policy of not introducing compensation in the form of its own shares or similar compensation to a compensation structure for in-house directors that includes performance-based bonuses and restricted stock compensation. - FY2020SoftenedAnnual report
「The Company's directors manage the business with sound entrepreneurial spirit, without being guided solely by short-term profits. Because director compensation is determined from a medium- to long-term perspective, we believe that there is no need at present to introduce compensation in the form of the Company's own shares.」
The policy of determining compensation from a medium- to long-term perspective and not introducing compensation in the form of the Company's own shares remains, while the previous reference to performance-based compensation has been removed. - FY2019RestatedAnnual report
「Because director compensation is determined from a medium- to long-term perspective, we believe that there is no need at present to introduce performance-based compensation or compensation in the form of the Company's own shares.」
The Company has reiterated its policy of determining director compensation from a medium- to long-term perspective and not introducing performance-based compensation or compensation in the form of the Company's own shares at present. - FY2018First statedAnnual report
「Because director compensation is determined from a medium- to long-term perspective, we believe that there is no need at present to introduce performance-based compensation or compensation in the form of the Company's own shares.」
The Company states that director compensation is determined from a medium- to long-term perspective and that it does not intend to introduce performance-based compensation or compensation in the form of the Company's own shares at present.