Executive Compensation Based on Position, Responsibilities, and Annual and Medium-Term Performance
First written in FY2016. 3 of 9 entries say "Restated". Latest entry: FY2024.
- FY2024AdvancedAnnual report
「At the 65th Annual General Meeting of Shareholders held on 16 February 2024, the Company resolved to provide restricted stock compensation as non-monetary compensation to the covered Directors.」
The Company implemented a restricted stock compensation system based on a resolution of the General Meeting of Shareholders and recognized ¥1.424 million in restricted stock compensation during the fiscal year. - FY2024-Q1ReframedAnnual report
「At the 65th Annual General Meeting of Shareholders held on 16 February 2024, the Company passed a resolution to make lump-sum payments following the abolition of the executive retirement allowance system. Accordingly, the Company reversed the entire provision for executive retirement allowances and presented the unpaid lump-sum payment of ¥315.970 million under “Other” in non-current liabilities.」
With respect to the executive compensation system, the Company resolved to abolish the executive retirement allowance system and make lump-sum payments, fully reversed the provision for executive retirement allowances, and presented the amount as an unpaid expense. - FY2023AdvancedAnnual report
「The proportions of each type of compensation for the covered Directors are base compensation 76%: bonuses 14%: restricted stock compensation 10%.」
In addition to a compensation policy that considers position, role and performance, the Company has introduced restricted stock compensation and set the compensation mix at 76% base compensation, 14% bonuses and 10% restricted stock compensation. - FY2022RestatedAnnual report
「Each Director's base compensation and bonus are determined through comprehensive consideration of position, role, performance and contributions to management, governance and other areas, within the maximum limits set by resolution of the General Meeting of Shareholders.」
The Company continues to apply a policy of determining executive compensation by considering position, role, performance and contributions to management and governance. - FY2021AdvancedAnnual report
「At a Board of Directors meeting held on 4 February 2021, the Company passed a resolution on the policy for determining the details of individual Directors' compensation and other benefits.」
The Company explicitly describes a framework under which the Board of Directors resolves the policy for determining individual Directors' compensation and, after obtaining advice from Outside Directors, redelegates authority to determine base compensation to the Representative Director and President. - FY2020ReframedAnnual report
「Directors' compensation comprises base compensation, bonuses and retirement allowances. All are determined by the Board of Directors, within the total compensation limit approved at the General Meeting of Shareholders and after obtaining appropriate advice from Outside Directors.」
The disclosure has become more specific, moving from a policy based on position, annual performance and medium-term performance to a framework covering the composition of base compensation, bonuses and retirement allowances, advice from Outside Directors, determination by the Board of Directors, and consideration of performance and contributions. - FY2018RestatedAnnual report
「Base monthly compensation is determined based on the size of the role and scope of responsibilities for each position, taking into account social trends, the Company's management conditions and employee salary levels. Bonuses are determined, including whether to pay them and the amount, based on annual and medium-term performance after comprehensive consideration.」
The Company continues to apply a policy of determining executive compensation by considering position, responsibilities, the Company's circumstances, and annual and medium-term performance. - FY2017RestatedAnnual report
「Base monthly compensation is determined based on the size of the role and scope of responsibilities for each position, taking into account social trends, the Company's management conditions and employee salary levels. Bonuses are determined, including whether to pay them and the amount, based on annual and medium-term performance after comprehensive consideration.」
The Company continues to apply a policy of determining executive compensation by considering position, responsibilities, the Company's circumstances, and annual and medium-term performance. - FY2016First statedAnnual report
「Base monthly compensation is determined based on the size of the role and scope of responsibilities for each position, taking into account social trends, the Company's management conditions and employee salary levels. Bonuses are determined, including whether to pay them and the amount, based on annual and medium-term performance after comprehensive consideration.」
The Company has adopted a policy under which executive compensation comprises base monthly compensation and bonuses, determined by considering position, responsibilities, the Company's circumstances, and annual and medium-term performance.