Performance-Linked Bonus System
First written in FY2017. 2 of 6 entries say "Restated". Latest entry: FY2025.
The whole theme swung hardest in 2024: 13 of 116 companies on the "Worse" side.
- FY2025DroppedAnnual report
「24 July 2024 Regarding the discontinuation of performance-linked bonuses for directors, excluding outside directors」
The discontinuation of the performance-linked bonus scheme was deliberated by the Board of Directors and the Nomination and Compensation Committee, and the existing scheme was discontinued. - FY2024RestatedAnnual report
「As actual results did not exceed the threshold during the fiscal year, no performance-linked compensation was paid.」
The nonpayment of performance-linked compensation because the payment thresholds, including consolidated profit before income taxes and other adjustments, were not exceeded has continued. - FY2023RestatedAnnual report
「As actual results did not exceed the threshold during the fiscal year, no performance-linked compensation was paid.」
The nonpayment of performance-linked compensation because the payment thresholds, including consolidated profit before income taxes and other adjustments, were not exceeded has continued. - FY2022Executive compensation reduced in light of weak performance and no dividendAnnual report
「In light of weak performance caused by the spread of COVID-19 and the decision not to pay a year-end dividend for the previous fiscal year, compensation for executive directors and executive officers was reduced for 6 months from April 2021 through September 2021, following a recommendation by the nomination and compensation meeting.」
In addition to the performance-linked compensation not being paid because the threshold was not met, compensation for executive directors and other executives was reduced in light of weak performance and the absence of a dividend in the previous fiscal year. - FY2021No performance-linked bonus paidAnnual report
「As actual results did not exceed the threshold during the fiscal year, no performance-linked compensation was paid.」
The payment conditions for the performance-linked bonus remained in place, but no bonus was paid during the fiscal year because the threshold was not met. - FY2017First statedAnnual report
「The bonus is paid when consolidated profit before income taxes and other adjustments before calculating the performance-linked bonus exceeds ¥700 million and both standalone and consolidated operating profit and ordinary profit are positive. The total amount is calculated as follows, subject to a maximum of ¥100 million.」
The disclosure sets out the payment conditions, maximum total amount, and calculation method linked to consolidated profit before income taxes and other adjustments for the performance-linked bonus.