No policy established for calculating executive compensation
First written in FY2017. 2 of 8 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2021: 5 of 7 companies on the "Worse" side.
1 other company's latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Performance-linked compensation and other remuneration consists of cash compensation reflecting performance indicators to promote awareness of improving performance in each fiscal year. An amount calculated according to the degree of achievement against the target for consolidated operating profit for each fiscal year is paid as a bonus at a specified time each year. Non-monetary compensation consists of restricted stock, with the details determined individually to align with the results of medium- and long-term plans and other factors, including the timing and conditions for granting the compensation and other remuneration.」
The company disclosed specific mechanisms for bonuses linked to the degree of achievement of the consolidated operating profit target and non-monetary compensation in the form of restricted stock under the policy for individual director compensation approved by the Board of Directors. - FY2023RestatedAnnual report
「At a meeting of the Board of Directors held on 14 July 2022, the company approved a policy concerning the details of individual compensation and other remuneration for directors. The Board of Directors also confirmed that, with respect to individual compensation and other remuneration for directors for the current fiscal year, the method of determining the remuneration and the details of the remuneration determined are consistent with the policy approved by the Board of Directors.」
The company disclosed that it applied the policy for individual director compensation approved by the Board of Directors to the determination of compensation for the current fiscal year and confirmed its consistency with the policy. - FY2022AdvancedAnnual report
「The Board of Directors has also confirmed that, with respect to individual compensation and other remuneration for directors for the current fiscal year, the method of determining the remuneration and the details of the remuneration determined are consistent with the policy approved by the Board of Directors, and has determined that they comply with that policy.」
The Board of Directors confirmed that the policy for individual director compensation approved in the previous fiscal year was consistent with the compensation details and determination methods for the current fiscal year. - FY2021Formal approval of the executive compensation policyAnnual report
「At a meeting of the Board of Directors held on 11 March 2021, the company approved a policy concerning the details of individual compensation and other remuneration for directors.」
The company moved beyond its previous disclosure that no policy had been established and formally approved a policy for determining individual director compensation at a Board of Directors meeting. - FY2020Changes in the target and actual results for the performance-linked compensation metricAnnual report
「The target for the performance-linked compensation metric for the current fiscal year was ¥628.000 million, while the actual result was ¥433.000 million.」
The company disclosed a target of ¥628.000 million and an actual result of ¥433.000 million for the performance-linked compensation metric. These figures changed from the previous fiscal year's target of ¥448.000 million and actual result of ¥442.000 million. - FY2019ReframedAnnual report
「The company's executive compensation consists of fixed compensation, performance-linked compensation and retirement bonuses, and is determined within the limits approved by the general meeting of shareholders.」
The disclosure changed from the previous fiscal year’s statement that no policy had been established for determining the amount of executive compensation or the method of calculating it to disclosure of the composition and determination methods for fixed compensation, performance-linked compensation and retirement bonuses. For the performance-linked compensation metric, the target was ¥448.000 million and the actual result was ¥442.000 million. - FY2018RestatedAnnual report
「The Company has not established a policy for determining the amount of compensation for officers or the method of calculating it.」
The company has continued to disclose that it has not established a formal policy for determining the amount of executive compensation or the method of calculating it. - FY2017First statedAnnual report
「The Company has not established a policy for determining the amount of compensation for officers or the method of calculating it.」
The company has disclosed that it has not established a formal policy for determining the amount of executive compensation or the method of calculating it.