Performance-Linked Executive Compensation Scheme
First written in FY2016. 7 of 9 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2024: 13 of 116 companies on the "Worse" side.
- FY2023AdvancedAnnual report
「In the current fiscal year, the year-on-year ratio for marginal profit was 106.2%, while that for ordinary profit was 105.8%.」
Under the performance-linked BIP trust, the amount of stock compensation was calculated using the year-on-year ratios for marginal profit and ordinary profit in the current fiscal year. - FY2022AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 February 2022, the company decided to extend the trust period by 3 years and continue the system.」
For the executive compensation BIP trust, the trust period was extended by 3 years in February 2022 and the system was continued. - FY2021AdvancedAnnual report
「At a meeting of the Board of Directors held on 10 May 2021, the company resolved its policy for determining the content of individual compensation and other benefits for its officers.」
The Board of Directors resolved the policy for determining individual compensation for officers and confirmed its consistency with the recommendations of the Nomination and Compensation Advisory Committee. - FY2020AdvancedAnnual report
「The system was changed to a method under which, at a prescribed time in each fiscal year during the trust period, points are awarded to each individual in a range from 0% to 120% of the basic number of shares to be granted, based on the year-on-year ratios of company-wide performance targets, namely marginal profit and ordinary profit, subject to the following conditions for the fiscal year ending 30 September of that year: first, company-wide net sales and ordinary profit must both have increased, and second, the standalone equity ratio must have exceeded 80%.」
The executive compensation BIP trust was changed from awarding points based on position and other factors to a method linked to increases in revenue and profit, the standalone equity ratio, and actual marginal profit and ordinary profit, and the revised method was applied in the current fiscal year. - FY2020-Q1AdvancedAnnual report
「Following deliberation by the Nomination and Compensation Advisory Committee, whose chair and half of its members are independent outside officers and outside experts, the annual general meeting of shareholders held on 20 December 2019 approved changing the stock compensation for directors and other executives, excluding directors who do not concurrently serve as executive officers, and full-time audit & supervisory board members to performance-linked compensation.」
Following deliberation by the Nomination and Compensation Advisory Committee, the general meeting of shareholders approved changing stock compensation for directors and other executives and full-time audit & supervisory board members to performance-linked compensation. - FY2019-Q2AdvancedAnnual report
「At a meeting of the Board of Directors held on 31 October 2018, the company resolved to introduce a stock compensation system. Based on approval at the annual general meeting of shareholders held on 21 December 2018, it introduced the executive compensation BIP trust as a stock compensation system, with the aim of clarifying the link between compensation for directors and other executives and the value of the company's shares, enabling directors and other executives to share with shareholders not only the benefits of a rising share price but also the risk of a declining share price, and heightening their awareness of contributing to long-term growth in corporate value.」
The company introduced a stock compensation system that links executive compensation to share value and enables executives to share the risk of a declining share price with shareholders. - FY2019-Q1AdvancedAnnual report
「The stock acquisition rights issued during the first quarter accounting period were as follows.」
Based on a resolution adopted on 31 October 2018, the company issued 133 stock acquisition rights representing 13,300 shares to 9 directors excluding outside directors, 2 audit & supervisory board members excluding outside audit & supervisory board members, and 23 executive officers. - FY2018ReframedAnnual report
「Director compensation consists of 2 components: fixed compensation and stock-based compensation using a trust.」
The compensation structure was changed from the previous performance-linked compensation system to a trust-based stock compensation system under which the company shares the risk of a declining share price with shareholders. - FY2016First statedAnnual report
「The company has introduced a performance-linked compensation system. Director compensation consists of 2 components: fixed compensation and performance-linked compensation.」
The policy states that company-wide performance and the degree of achievement of performance targets for each responsible division are reflected in compensation decisions.