Establishment of Executive Appointment and Compensation Systems to Promote Proactive Management
First written in FY2017. 4 of 8 entries say "Advanced", first in FY2020. Latest entry: FY2026.
- FY2026AdvancedAnnual report
「Total compensation and other remuneration for directors, excluding outside directors, was ¥120 million, comprising ¥87 million in basic compensation, ¥20 million in performance-linked compensation, and ¥12 million in non-monetary compensation and other items.」
The amount paid during the fiscal year under the director compensation system combining performance-linked cash compensation and share-based compensation was disclosed. - FY2023AdvancedAnnual report
「Performance-linked compensation and other compensation will be paid in cash reflecting performance indicators (KPIs) to raise awareness of improving performance in each fiscal year, with the amount calculated according to the degree of achievement against the consolidated operating profit target for each fiscal year paid annually as a bonus at a specified time.」
Regarding director appointments and the compensation system, the policy for calculating and paying annual performance-linked compensation using the degree of achievement of the consolidated operating profit target as a KPI has been disclosed in detail. - FY2021AdvancedAnnual report
「At its Board of Directors meeting held on 24 February 2021, the company resolved its policy for determining the details of individual director compensation and other remuneration. Performance-linked compensation and other remuneration will be cash compensation reflecting performance indicators (KPIs) to raise awareness of improving performance in each fiscal year, and the amount calculated according to the degree of achievement against the target for consolidated operating profit in each fiscal year will be paid annually as a bonus at a specified time.」
Regarding director appointments and the compensation system, the Board of Directors resolved a policy for determining individual compensation that includes the introduction of BBT and performance-linked compensation using the degree of achievement of the consolidated operating profit target as a KPI. - FY2021-Q2AchievedAnnual report
「Based on a resolution of the General Meeting of Shareholders held on 23 June 2020, the company introduced the Board Benefit Trust (BBT) as a performance-linked stock compensation system for the company's directors and executive officers and the directors of its subsidiaries, excluding outside directors of both the company and its subsidiaries, effective 28 August 2020. These individuals are hereinafter referred to as the eligible officers, and the system is hereinafter referred to as the BBT system.」
The establishment of the executive compensation system set out in the medium-term management plan was implemented in practice through the introduction of the BBT performance-linked stock compensation system on 28 August 2020. - FY2020AdvancedAnnual report
「Based on a resolution of the 47th Annual General Meeting of Shareholders held on 23 June 2020, the company decided to introduce the Board Benefit Trust (BBT), a new performance-linked stock compensation system, to clarify the linkage between the compensation of directors and executive officers and directors of the company's subsidiaries and the company's performance and share value.」
The executive compensation system for a more aggressive management approach took concrete form with the introduction of the BBT performance-linked stock compensation system based on a resolution of the General Meeting of Shareholders. - FY2019RestatedAnnual report
「・Strengthen corporate governance: establish executive appointment and compensation systems to achieve a more aggressive management approach, among other measures」
The company continues to position stronger governance through the establishment of executive appointment and compensation systems as an initiative under the medium-term management plan. - FY2018RestatedAnnual report
「・Strengthen corporate governance: establish executive appointment and compensation systems to achieve a more aggressive management approach, among other measures」
The company reiterated its policy of strengthening governance through executive appointments and compensation systems under the medium-term management plan. - FY2017First statedAnnual report
「Strengthen corporate governance: establish executive appointment and compensation systems to achieve a more aggressive management approach, among other measures」
As a medium-term management plan initiative, the company stated for the first time that it would establish executive appointment and compensation systems to achieve a more aggressive management approach.