Reduction of executive compensation amid COVID-19
First written in FY2020. 2 of 4 entries say "Restated". Latest entry: FY2023.
13 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「In light of the decline in revenue due to the impact of COVID-19, the company resolved through discussions by the Board of Directors or the Audit & Supervisory Board to reduce executive compensation from May 2020 by 20% for the representative director, 10% for directors and 10% for Audit & Supervisory Board members, and from October 2020 by 25% for the representative director, 20% for directors and 20% for Audit & Supervisory Board members.」
It continues to disclose measures to reduce the compensation of the representative director, directors and Audit & Supervisory Board members amid COVID-19. - FY2022RestatedAnnual report
「In the fiscal year ending March 2022, in light of the decline in revenue due to the impact of COVID-19, the company resolved through discussions by the Board of Directors or the Audit & Supervisory Board to reduce executive compensation from May 2020 by 20% for the representative director, 10% for directors and 10% for Audit & Supervisory Board members, and from October 2020 by 25% for the representative director, 20% for directors and 20% for Audit & Supervisory Board members.」
It continues to disclose measures to reduce the compensation of the representative director, directors and Audit & Supervisory Board members amid COVID-19. - FY2021AdvancedAnnual report
「In the fiscal year ending March 2021, in light of the decline in revenue due to the impact of COVID-19, the Board of Directors or the Audit & Supervisory Board resolved to reduce executive compensation from May 2020 by 20% for the representative director, 10% for directors and 10% for Audit & Supervisory Board members, and from October 2020 by 25% for the representative director, 20% for directors and 20% for Audit & Supervisory Board members.」
In addition to the compensation reductions implemented from May 2020, it describes the actual implementation of revised reduction rates from October 2020, to 25% for the representative director, 20% for directors and 20% for Audit & Supervisory Board members. - FY2020First statedAnnual report
「In the fiscal year ending March 2021, in light of the decline in revenue due to the impact of COVID-19, the company's Board of Directors resolved to reduce executive compensation from May 2020 by 20% for the representative director and 10% for directors.」
It states that, in response to the decline in revenue due to COVID-19, the Board of Directors resolved to reduce executive compensation from May 2020 by 20% for the representative director and 10% for directors.