Fair and transparent determination of executive compensation, including performance-linked compensation
First written in FY2020. 3 of 8 entries say "Advanced", first in FY2026. Latest entry: 2026-07-24.
Daimaru Enawin moved to the "Worse" side of this theme in 2023.
1 other company's latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Short-term incentive compensation is calculated by multiplying consolidated operating profit before deducting short-term incentive compensation by a payment multiplier determined for each executive rank. No payment is made if consolidated operating profit before deducting short-term incentive compensation is less than ¥300 million or if the annual dividend is less than ¥10 per share.」
In addition to the mix of base, short-term incentive and medium- and long-term incentive compensation, the company specifies rank-based payment multipliers applied to consolidated operating profit and the profit and dividend payment conditions. - FY2024ReframedAnnual report
「Base compensation Short-term incentive compensation Medium- and long-term incentive compensation 70% 10% 20%」
The company reorganised executive compensation from the previous mix of 80% base compensation and 20% performance-linked compensation to 70% base compensation, 10% short-term incentive compensation and 20% medium- and long-term incentive compensation. It also disclosed the introduction of restricted stock compensation, recommendations by a voluntary nomination and compensation committee, and the abolition of the executive retirement bonus system. - FY2023ReframedAnnual report
「The proportions of base compensation and short-term incentive compensation will be determined based on Basic Policies ①–⑤, with the indicative proportions as follows: Base compensation 80% Short-term incentive compensation 20%」
The company disclosed a review of its compensation system, including maintaining the mix of 80% base compensation and 20% short-term incentive compensation, abolishing the executive retirement bonus system and introducing restricted stock compensation. - FY2022Compensation mix disclosedAnnual report
「Base compensation Performance-linked compensation 80% 20%」
The company discloses indicative compensation proportions of 80% base compensation and 20% performance-linked compensation for executives. Operating profit is identified as the main performance-linked compensation metric. - FY2020First statedAnnual report
「In determining executive compensation and other payments, the company has established the following policy to ensure a fair and highly transparent process and contribute to the group's sustainable development and enhancement of corporate value.」
The company details a compensation structure comprising fixed compensation, performance-linked bonuses based on operating profit and other factors, and retirement bonuses, as well as the decision-making procedures of the Board of Directors and the Audit and Supervisory Committee.