Performance-Linked Compensation and Compensation Determination by the Governance Committee
First written in FY2019. 5 of 7 entries say "Advanced", first in FY2021. Latest entry: 2026-07-17.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2024AdvancedAnnual report
「During the fiscal year, the Governance Committee met 4 times, selected candidates for directors and Audit & Supervisory Board members and submitted them to the Board of Directors, reviewed the appropriateness of the individual bonus amounts formulated by the executive directors, and submitted the total amount of bonuses to the Board of Directors.」
The Governance Committee met 4 times during the fiscal year, selecting candidates for executive positions and reviewing the appropriateness of individual bonus amounts for executives. - FY2023AdvancedAnnual report
「Directors' compensation consists of fixed basic compensation, bonuses as short-term incentive compensation, and stock compensation as medium- to long-term incentive compensation. Performance-linked compensation accounts for at least 40% of each individual's compensation.」
The company detailed a compensation structure that includes stock compensation in addition to the existing performance-linked bonuses, and stated its policy of making performance-linked compensation at least 40% of each individual's compensation. - FY2021AdvancedAnnual report
「In addition, from July 2021, we will introduce a stock compensation plan for directors other than outside directors. In connection with this, the introduction of the plan was submitted to the 52nd Annual General Meeting of Shareholders held on 24 June 2021, which resolved that stock compensation would fall within the annual amount stated above, that the total amount of monetary compensation claims to be granted would not exceed ¥60 million per year, and that the number of common shares to be allotted under the plan would not exceed 40,000 shares per year.」
In addition to the existing basic compensation and performance-linked bonuses, the company resolved to introduce a stock compensation plan from July 2021 for directors other than outside directors. - FY2019First statedAnnual report
「Our executive compensation system uses the roles and responsibilities associated with each position as the basis for calculating compensation, while emphasizing performance linkage to strengthen incentives for improving performance. Accordingly, executive compensation consists of fixed basic compensation and performance-linked bonuses.」
The company stated its policy of structuring executive compensation as basic compensation and bonuses, using achievement rates for targets for net sales, operating income, ordinary income and net income in performance evaluations. Compensation for directors is determined by the Board of Directors following deliberation by the Governance Committee, which consists of the president and 2 independent outside directors.