Listed Companies with "Executive Compensation Over 100 Million Yen Disclosure" Survey for FY2025 (as of June 27) - Hitachi, Ltd. Leads with 31 Disclosed Executives: TSR Data Insight

Overview

This is a report on the "Listed Companies with Executive Compensation Over 100 Million Yen Disclosure Survey for FY2025" released by Tokyo Shoko Research. The analysis examines the disclosure status of high executive compensation among listed companies that submitted securities reports as of June 27. ## Key Points ### 1. Survey Overview and Record-Breaking Numbers - **Survey Target**: 2,130 listed companies that submitted securities reports for FY2025 by June 27 - **Disclosing Companies**: 343 companies (336 in previous year), a record high - **Disclosed Executives**: 859 people (818 in previous year), also a record high - **Disclosure Obligation**: Individual disclosure of executives with compensation over 100 million yen has been mandatory since FY2010 ### 2. Ranking by Number of Disclosed Executives - **1st Place: Hitachi, Ltd.** - 31 people (34 in previous year), maintaining over 30 disclosures for two consecutive years - **2nd Place: Mitsubishi UFJ Financial Group** - 20 people (14 in previous year) - **3rd Place: ITOCHU Corporation** - 17 people (14 in previous year) - **Companies with 10+ Disclosures**: 8 companies - **Trend**: Financial institutions and general trading companies show high disclosure numbers ### 3. Individual Compensation Amount Ranking - **1st Place: Rene Haas (Director, SoftBank Group)** - 4.904 billion yen (3.458 billion yen in previous year) - Of which stock-based compensation accounts for 4.164 billion yen - **2nd Place: Noriyuki Inoue (Former Chairman, Daikin Industries)** - 4.405 billion yen (488 million yen in previous year) - **3rd Place: Kenichiro Yoshida (Chairman, Sony Group)** - 2.524 billion yen (2.339 billion yen in previous year) - **Over 1 Billion Yen**: 15 people (13 in previous year), an increase ### 4. Compensation Structure Characteristics - **Basic Compensation**: Fixed salary portion - **Stock Compensation & Stock Options**: Major component of performance-linked compensation - **Bonuses**: Short-term performance-linked compensation - **Retirement Benefits, etc.**: Other compensation - **Trend**: Higher-paid executives show higher ratios of stock-based compensation ### 5. Background and Significance of Disclosure System - **System Introduction**: Started in FY2010 based on "Revised Cabinet Office Ordinance on Disclosure of Corporate Content" - **Disclosure Content**: Total compensation amount and breakdown by type (basic compensation, stock options, bonuses, retirement benefits, etc.) - **Purpose**: Strengthening corporate governance and accountability to shareholders - **Social Impact**: Stimulating discussions on the appropriateness of executive compensation This survey serves as an important indicator of the improvement in transparency of executive compensation at Japanese companies and the rising trend in compensation levels. The increase in performance-linked compensation and changes in compensation design with global competition in mind are particularly notable.