Compensation management subject to performance-linked remuneration and dividend payments
First written in FY2019. 2 of 3 entries say "Advanced", first in FY2020. Latest entry: FY2021.
The whole theme swung hardest in 2024: 13 of 117 companies on the "Worse" side.
- FY2021AdvancedAnnual report
「To clarify responsibility for the substantial deterioration in performance caused by the spread of COVID-19, full-time directors and full-time Audit & Supervisory Board members voluntarily returned part of their remuneration for April through June 2020 and reduced their remuneration from July 2020 through June 2021.」
In response to the substantial deterioration in performance, the company implemented voluntary remuneration returns by full-time directors and full-time Audit & Supervisory Board members, as well as remuneration reductions through June 2021. - FY2020AdvancedAnnual report
「As the consolidated results for the fiscal year resulted in a substantial deficit, the company received and accepted requests from full-time directors and full-time Audit & Supervisory Board members to voluntarily return part of their remuneration for April through June 2020, totaling ¥9 million.」
In response to the substantial deficit, full-time directors and full-time Audit & Supervisory Board members voluntarily returned a total of ¥9 million in remuneration for April through June 2020. - FY2019First statedAnnual report
「Performance-linked remuneration is revised every July. To provide incentives for improving consolidated performance, it is calculated by multiplying the base amount of performance-linked remuneration by factors linked to the previous fiscal year's consolidated operating profit and net income attributable to owners of the parent. However, remuneration will not be increased until dividends have been paid to shareholders.」
The company disclosed for the first time its method of calculating and administering executive compensation, including annual revisions in July, linkage to consolidated operating profit and net income attributable to owners of the parent, and restrictions on increases until dividends are paid.