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Horai (9679) · PolicyAdvanced

Executive Bonuses Linked to Operating Profit and Target Achievement

First written in FY2021. 2 of 4 entries say "Advanced", first in FY2024. Latest entry: FY2026-H1.

4entries
6years
0from disclosures
Share on X
How it moved
ProgressHeldSoftenedWorseFirst statedFY2021AdvancedFY2024 – FY2026-H12021: 12022: 020222023: 020232024: 120242025: 120252026: 12026
Same theme, other companies
Performance Targets as Conditions for Payment of Performance-Linked CompensationA theme 84 companies write about · 3 as a headwind · 71 as a tailwind

The whole theme swung hardest in 2020: 4 of 31 companies on the "Worse" side.

24 other companies' latest entry also says "Advanced".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 84 companies compared. The sentences above are computed from all 84.
Full recordFilings, disclosures and news, newest first
  1. FY2026-H1AdvancedAnnual report

    「Treasury shares decreased by 4,073 shares as a result of the disposal of treasury shares carried out on 23 January 2026 as restricted stock compensation.」

    In addition to the previously disclosed performance-linked compensation, the company disposed of 4,073 treasury shares as restricted stock compensation on 23 January 2026.
  2. FY2025RaisedAnnual report

    「We have proposed the “Abolition of the director retirement bonus system and payment of discontinued benefits” and the “Introduction of a restricted stock compensation system and a post-delivery performance-linked stock compensation system for directors, excluding outside directors,”」

    In addition to the existing operating-profit-linked bonuses, the company proposed introducing restricted stock compensation and a post-delivery performance-linked stock compensation system at the General Meeting of Shareholders, and indicated a policy of expanding the proportion of incentive compensation to approximately 20%–25%.
  3. FY2024AdvancedAnnual report

    「Performance-linked compensation (bonuses) is paid after the end of each fiscal year as compensation linked to the fiscal year’s results and target achievement. The amount is determined based on a reference amount set within a range for each position, taking into account the achievement of operating profit targets, actual operating profit, and individual performance for each fiscal year.」

    For bonuses linked to operating profit target achievement, actual operating profit, and individual performance, the company has specifically disclosed the compensation structure, calculation method, and a bonus component of approximately 10%.
  4. FY2021First statedAnnual report

    「Performance-linked compensation (bonuses) is paid after the end of each fiscal year as compensation linked to the fiscal year’s results and target achievement. The amount is calculated based on a reference amount set within a range for each position, taking into account the achievement of operating profit targets, actual operating profit, and individual performance for each fiscal year, and is determined within a range of 0% to 200% of the reference amount.」

    The company has newly disclosed a compensation policy under which director bonuses are linked to operating profit target achievement, actual operating profit, and individual performance, and are calculated at 0%–200% of the reference amount.
Moved together

"Fluctuations in visitor numbers at Senbonmatsu Farm due to consumer preferences, economic conditions, weather and other factors" moved the same way as this thread, in the same document, in 3 of its 4 moves.

333222★123456
  1. ★This thread
  2. 1Fluctuations in visitor numbers at Senbonmatsu Farm due to consumer preferences, economic conditions, weather and other factors3×
  3. 2Strengthening direct sales services through customer acquisition initiatives, product revisions and expansion of recreational facilities3×
  4. 3Collaboration with Local Mass Retailers and Development of New Sales Channels3×
  5. 4Reorganization of Directors’ and Executive Officers’ Responsibilities and Appointment of New Head of Golf Business Division2×
  6. 5Adding value to insurance contracts and developing new markets2×
  7. 6Strengthening visitor attraction through event planning and attracting large-scale golf competitions2×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Horai's next results are scheduled for 2026-10-30. Read the earnings preview
News
No news is linked to this thread yet. When an article touches it, it will appear here by date.
Executive Bonuses Linked to Operating Profit and Target Achievement | HORAI Co.,Ltd. (9679) | Komori