Introduction of performance-linked executive compensation
First written in FY2021. 1 of 2 entries say "Restated". Latest entry: FY2023.
The whole theme swung hardest in 2024: 13 of 118 companies on the "Worse" side.
- FY2023RestatedAnnual report
「The specific method for calculating the bonus is an on-target system under which consolidated net sales and consolidated ordinary profit are used mainly as performance indicators, and the amount paid is determined according to the degree of achievement of the performance targets for the fiscal year.」
The company continues to provide specific explanations of its performance-linked directors' remuneration policy, which combines basic remuneration with performance-linked bonuses based on consolidated net sales and consolidated ordinary profit. - FY2021First statedAnnual report
「The basic policy for remuneration of the company's directors, excluding directors who are Audit and Supervisory Committee members, is to secure highly capable personnel responsible for managing the Group, further strengthen the linkage with business performance and shareholder value, and establish a highly transparent remuneration system. Specifically, remuneration consists of basic remuneration and directors' bonuses (performance-linked remuneration).」
The policy of combining basic remuneration with on-target performance-linked remuneration, based mainly on consolidated net sales and consolidated ordinary profit, is disclosed separately for the first time.