Board of Directors’ Decisions and Compensation Limits under the Executive Compensation Rules
First written in FY2019. 4 of 8 entries say "Restated". Latest entry: FY2026.
The whole theme swung hardest in 2025: 1 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The targets and results for the performance-linked compensation metrics for the fiscal year were as follows: ordinary profit target: ¥1,330 million; actual ordinary profit: ¥1,480 million; performance target achievement rate: 111.3%; applicable performance-linked coefficient: 100%.」
For short-term and medium- to long-term performance-linked compensation, the Company disclosed actual results of an ordinary profit target of ¥1,330 million, actual ordinary profit of ¥1,480 million, an achievement rate of 111.3%, and an applicable coefficient of 100%. - FY2026-H1RestatedAnnual report
「The Plan adopts a mechanism referred to as the Officer Compensation BIP (Board Incentive Plan) Trust (the "Trust"). Under the Plan, the Trust established through the Company's contribution of funds acquires the Company's shares, and shares equivalent to the number of points awarded by the Company to each director according to the director's position, degree of achievement of performance targets and other factors are delivered to each director through the Trust. In principle, the shares are delivered when the director retires.」
The Company continues to operate a BIP Trust-based executive compensation plan under which shares are delivered upon retirement according to position and achievement of performance targets. The number of shares remaining in the Trust is 40 thousand shares. - FY2025-H1AdvancedAnnual report
「The Plan adopts a mechanism referred to as the Officer Compensation BIP (Board Incentive Plan) Trust (the "Trust"). Under the Plan, the Trust established through the Company's contribution of funds acquires the Company's shares, and shares equivalent to the number of points awarded by the Company to each director according to the director's position, degree of achievement of performance targets and other factors are delivered to each director through the Trust. In principle, the shares are delivered when the director retires. The number of shares at the end of the interim accounting period was 40 thousand shares.」
The Company provides specific disclosure on the performance-linked stock compensation plan introduced in June 2024, including the acquisition of shares through the BIP Trust, the granting of points based on position and achievement of performance targets, delivery upon retirement, and 40 thousand shares remaining in the Trust. - FY2024AdvancedAnnual report
「At the 130th Ordinary General Meeting of Shareholders held on 21 June 2024, the Company resolved to introduce a trust-based stock compensation plan for officers and directors (the "Plan").」
In addition to the existing system centered on fixed compensation and annual bonuses, the Company introduced a trust-based stock compensation plan under which shares are delivered upon retirement according to the recipient's position and degree of achievement of performance targets. The number of shares covered is limited to 45,000 shares within 5 fiscal years. - FY2020RestatedAnnual report
「The Company's policy for determining the amount of executive compensation and other remuneration is determined by resolution of the Board of Directors, which deliberates and decides on the content and revisions of executive compensation, and has been formalized as the executive compensation rules.」
The Company has formalized executive compensation in its executive compensation rules and reaffirmed its policy of deliberation and decision-making by the Board of Directors. - FY2019First statedAnnual report
「The Company's policy for determining the amount of executive compensation and other remuneration is determined by resolution of the Board of Directors, which deliberates and decides on the content and revisions of executive compensation, and has been formalized as the executive compensation rules. Directors' compensation is determined by resolution of the Board of Directors based on each director's position and responsibilities.」
The Company has formalized executive compensation in its executive compensation rules and states its policy that the Board of Directors determines directors' compensation based on their positions and responsibilities.