Introduction and expansion of performance-linked executive compensation plans
First written in FY2024. 3 of 4 entries say "Advanced", first in FY2025. Latest entry: 2026-06-19.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- 2026-06-19AdvancedGovernance
「To enable sufficient discussion by the Board of Directors, the director overseeing management shall explain the agenda and supplementary matters to outside directors approximately 1 week before the date of the Board meeting.」
The company gave concrete form to support for active Board deliberations, including the Board secretariat, advance briefings, attendance by the executive officer in charge and information provision. - FY2026AdvancedAnnual report
「2025 post-delivery grant type Categories and number of eligible recipients Directors (excluding outside directors and directors serving as Audit and Supervisory Committee members) 6 Number of shares granted by class of shares Common shares 116,360」
Under the performance-linked share-based compensation plan for directors, 116,360 shares were granted to 6 directors for the 2025 plan year, continuing operation of the plan. - FY2025AdvancedAnnual report
「2024 post-delivery grant type Categories and number of eligible recipients Directors (excluding outside directors and directors serving as Audit and Supervisory Committee members) 7 Number of shares granted by class of shares Common shares 154,698」
The performance-linked share-based compensation plan for directors introduced in June 2024 entered the implementation stage, with 154,698 shares granted to 7 eligible directors. The expense recognized was ¥155 million, and the final number of shares to be delivered will be determined based on performance and TSR evaluations over 3 fiscal years. - FY2024First statedAnnual report
「The compensation structure for the Company's covered directors consists of base compensation (fixed compensation) and performance-linked compensation (variable compensation). Performance-linked compensation consists of cash bonuses for a single fiscal year as short-term incentive compensation and performance-linked share-based compensation as medium- to long-term incentive compensation.」
For director compensation, the company introduced bonuses linked to the year-on-year change in consolidated operating profit and share-based compensation with a three-fiscal-year performance evaluation period. It disclosed a plan that includes deliberation by the Nomination and Compensation Committee, comparison of TSR with TOPIX, and a clawback provision.