Determining Executive Compensation through Performance-Linked Compensation and Discussions with Independent Officers
First written in FY2021. 1 of 2 entries say "Reframed", first in FY2023. Latest entry: FY2023.
Kato Sangyo moved to the "Worse" side of this theme in 2023, 2 years before the typical company in this theme (2025).
The whole theme swung hardest in 2022: 14 of 104 companies on the "Worse" side.
11 other companies' latest entry also says "Reframed".
- FY2023ReframedAnnual report
「Specifically, in addition to fixed basic compensation, it consists of performance-linked remuneration as variable short-term incentive compensation and restricted stock compensation as non-monetary compensation.」
The compensation structure was expanded beyond the existing ordinary-profit-linked compensation to include restricted stock compensation. - FY2021First statedAnnual report
「Performance-linked remuneration is paid at a fixed time each year based on an amount calculated by multiplying the consolidated and non-consolidated ordinary income for each fiscal year, which represents the ultimate results of corporate activities, by payment rates set for each position level.」
For director compensation, the company disclosed systematically for the first time its policy for determining performance-linked remuneration based on consolidated and non-consolidated ordinary income as performance indicators, including prior consultation with independent officers.