Investor Presentaiton
remuneration, and The Company does not pay non-monetary remuneration.
E.
Policy on determination of the remuneration ratio (basic
remuneration and performance-linked remuneration) for each director
The ratio of basic remuneration and performance-linked remuneration for
non-outside directors is approximately 4:1, except for the variable portion due to the
performance of each director, so that the performance-linked remuneration accounts for a
certain percentage of the total remuneration. Of these, performance-linked remuneration
will be adjusted within the range of 30% (addition) to 40% (subtraction) of the base amount
for each director's position, depending on the director's performance and other factors. In
addition, the Company may make further deductions in light of various factors related to
the Company's operation, including business results for the fiscal year and the forecast of
business results for the next fiscal year.
iii) Reasons for the Board of Directors to determine that details of
remuneration, etc. for each director for the fiscal year are in accordance with the policy
The Remuneration Deliberation Committee provides a report after
confirming that the details of remuneration, etc. for each director are consistent with the
policy. The Board of Directors generally respect such a report, and is of the view that
details of remuneration, etc. for each director are in accordance with the policy.
(3)
results
Indicators for performance-based remuneration, etc., reasons for their adoption, and
In addition to evaluating the results of each directors' performance during
the fiscal year the Company comprehensively evaluates the performance and reflects the
results in the calculation of the amount of remuneration with indicators, such as the
"operating income, profit, and other management results” and “shareholder returns," in
light of the business characteristics that involve a strong element of cooperation among all
divisions and "contribution to the achievement of the Group Management Vision "Move
Up" 2027" in light of the business characteristics that require a long period of time from the
planning stage to the achievement of results. In evaluating the performance, the President
and CEO confirms the results and contribution of relevant directors by conducting
interviews to set targets aimed at achieving the annual plan and the Group Management
Vision "Move Up" 2027 and follow-up interviews to track progress.
Performance-linked remuneration is paid as cash remuneration at a certain time each
year. For the evaluation of performance, although we entered black figures in the 36th
Fiscal Period (FY2022), performances targets were not achieved. Following evaluations
that were carried out after strictly taking into account these results, performance-linked
remuneration for the 36th Fiscal Period (FY2022) was adjusted, based on a comprehensive
evaluation by adding each director's contribution toward achieving the Group Management
Vision "Move Up" 2027 and other indicators.
(4)
director
The Company does not pay non-monetary remuneration.
Matters concerning delegation of determination of remuneration, etc. for each
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