Performance-Linked Compensation and Compensation Advisory Committee
First written in FY2019. 3 of 8 entries say "Advanced", first in FY2024. Latest entry: 2026-11-06.
- 2026-11-06AdvancedGovernance
「For the primary purpose of securing the funds needed to acquire the Company’s shares to continue the BIP plan, we have decided to make an additional cash contribution to the BIP trust.」
Specified the continuation of the performance-linked stock compensation plan following the expiration of the trust period, renewal of the covered period to 5 fiscal years, extension of the trust period through 31 August 2031, and an additional contribution of ¥4.554 billion. - FY2026AdvancedAnnual report
「The chair of the Nomination and Compensation Advisory Committee was changed to an independent outside director, enhancing the committee's independence and objectivity.」
The nomination and compensation process was changed to a structure chaired by an independent outside director, strengthening objectivity and transparency. The number of shares held by the BIP trust at the end of the fiscal year was 311,542. - FY2026-H1Update of the interim-period-end balance of shares held by the BIP trustAnnual report
「Shares of the Company held by the trust are recognized as treasury shares in net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares at the end of the current interim consolidated fiscal year were ¥1,547 million and 312,906 shares, respectively.」
For the performance-linked stock compensation plan, the interim-period-end balance of shares held by the BIP trust was updated to a carrying amount of ¥1,547 million and 312,906 shares. - FY2025-H1Status of the stock compensation plan using the BIP trustAnnual report
「Shares of the Company held by the trust are recognized as treasury shares in net assets at their carrying amount in the trust, excluding incidental expenses. The carrying amount and number of these treasury shares were ¥1,638 million and 331,300 shares, respectively, at the end of the current interim consolidated accounting period.」
For the performance-linked stock compensation plan introduced, 331,300 shares held by the BIP trust, with a carrying amount of ¥1,638 million, were disclosed, providing specific details on the operation of the plan. - FY2024AdvancedAnnual report
「Based on resolutions at our 80th annual general meeting of shareholders held on 26 June 2024 and at the general meetings of shareholders of our major group subsidiaries held in June 2024, we introduced a performance-linked stock compensation plan for directors and executive officers of the Company and its major group subsidiaries.」
In addition to existing fixed compensation and short-term performance-linked compensation, a medium- to long-term performance-linked stock compensation plan using a BIP trust was introduced. The covered period comprises fiscal 2024 and fiscal 2025, with a trust funding limit of ¥2,292 million and a share limit of 532,000 shares. - FY2021Reimplementation and expansion of compensation reductionsAnnual report
「Following a recommendation from the Compensation Advisory Committee, the Board of Directors resolved at its meeting held on 24 March 2021, in view of the impact of the spread of COVID-19 on our business performance, to continue the previous year's measure and return approximately 10% of the monthly fixed compensation of directors, including outside directors, and executive officers for the period from April through June 2021.」
As a measure in response to COVID-19, the compensation reduction was implemented again from April through June 2021, with outside directors included in the scope. - FY2020Compensation reductions in response to COVID-19Annual report
「Following a recommendation from the Compensation Advisory Committee, the Board of Directors resolved at its meeting held on 30 April 2020, in view of the impact of the spread of COVID-19 on our business performance, to return approximately 10% of the monthly fixed compensation of directors, excluding outside directors, and executive officers for the period from April through June 2020.」
As a measure in response to the impact of the infectious disease on business performance, a reduction of approximately 10% in the fixed compensation of directors, excluding outside directors, and executive officers was announced for the period from April through June 2020. - FY2019First statedAnnual report
「Compensation for our directors consists of fixed compensation and performance-linked compensation. The recent ratio of fixed compensation to performance-linked compensation is approximately 7.5:2.5.」
For executive compensation, objective and transparent decisions following review by the Compensation Advisory Committee, the composition of fixed and performance-linked compensation, and a system using consolidated net sales, operating income, ordinary income and net income as performance indicators were identified as a topic for the first time.