Executive Compensation System Including Performance-Linked Compensation
First written in FY2018. 4 of 9 entries say "Advanced", first in FY2022. Latest entry: 2026-07-15.
- FY2026ReframedAnnual report
「The compensation of the Company's directors consists of basic compensation, which is fixed compensation, performance-linked compensation, which varies according to the level of performance achieved, and restricted stock compensation. Each component is paid in cash within the compensation limits approved at the General Meeting of Shareholders. The ratio of fixed compensation to performance-linked compensation is 7:3 for the Representative Director and President, 7.5:2.5 for directors with executive titles, and 8:2 for directors holding concurrent positions. The compensation structure is designed so that the proportion of performance-linked compensation increases with seniority.」
Restricted stock compensation has been added to the existing fixed and performance-linked compensation, with the composition ratios by position organized as 7:3, 7.5:2.5, and 8:2. - FY2025AdvancedAnnual report
「In addition, performance-linked compensation is calculated using the change in ordinary profit from the previous fiscal year as the performance metric, so that performance results are clearly reflected in compensation to achieve sustainable growth in corporate performance and corporate value. The change applicable to performance-linked compensation for the following fiscal year was a 10.6% increase against the target ordinary profit of ¥1,456 million.」
For performance-linked compensation using the year-on-year change in ordinary profit as the performance metric, the actual result was a 10.6% increase against the target of ¥1,456 million. - FY2024AdvancedAnnual report
「In addition, performance-linked compensation is calculated using the change in ordinary profit from the previous fiscal year as the performance metric, so that performance results are clearly reflected in compensation to achieve sustainable growth in corporate performance and corporate value. The change applicable to performance-linked compensation for the following fiscal year was an 8.3% increase against the target ordinary profit of ¥1,345 million.」
The year-on-year change in ordinary profit is used as the performance metric for performance-linked compensation, with the actual result being an 8.3% increase against the target of ¥1,345 million. - FY2022AdvancedAnnual report
「Performance-linked compensation is calculated using the year-on-year change in ordinary profit as the evaluation metric, with the aim of clearly reflecting performance outcomes in compensation to achieve sustained growth in corporate performance and corporate value. The change used to calculate performance-linked compensation for the current fiscal year was an increase of 2.5% against the target of ordinary profit of ¥1,234 million in the previous fiscal year.」
For performance-linked compensation using the year-on-year change in ordinary profit as the performance metric, the target was ordinary profit of ¥1,234 million in the previous fiscal year, and the actual result for the current fiscal year was a 2.5% increase. - FY2021Specification of compensation structure and performance metricsAnnual report
「The ratio of fixed compensation to performance-linked compensation is 5:5 for the representative director and president, 6:4 for directors with titles, and 7:3 for directors holding concurrent positions, with the proportion of performance-linked compensation increasing for more senior positions. Performance-linked compensation is calculated using the year-on-year change in ordinary profit as the evaluation metric, with the aim of clearly reflecting performance outcomes in compensation to achieve sustained growth in corporate performance and corporate value.」
The company provides details of the position-based ratios of fixed and performance-linked compensation and the calculation method using year-on-year ordinary profit as the evaluation metric. - FY2019RestatedAnnual report
「The company's directors' compensation consists of fixed basic compensation and performance-linked compensation as a short-term incentive. Total compensation is capped at ¥240 million per year, as approved at the general meeting of shareholders held on 23 June 2006, and each component is paid in cash.」
The company is reaffirming its policy of structuring directors' compensation as fixed compensation and performance-linked compensation. - FY2018First statedAnnual report
「Directors' compensation consists of monthly compensation, which is fixed compensation determined according to their roles and responsibilities, and performance-linked compensation determined according to performance in each fiscal year.」
The company states a policy of structuring directors' compensation as fixed compensation and performance-linked compensation based on performance in each fiscal year.