Ordinary Profit Target in Performance-Linked Compensation
First written in FY2019. 4 of 7 entries say "Raised", first in FY2020. Latest entry: FY2025.
Bike O & Company moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.
13 other companies' latest entry also says "Reframed".
- FY2025ReframedAnnual report
「The target metrics for performance-linked compensation for the fiscal year were consolidated net sales of ¥35,000 million or more and consolidated net income of ¥510 million or more, with variable compensation set in tiers; actual results were consolidated net sales of ¥38,574 million and consolidated net income of ¥327 million.」
The assessment metrics for performance-linked compensation were changed from ordinary profit to consolidated net sales and consolidated net income. Consolidated net sales exceeded the target, while consolidated net income fell short of it. - FY2024SoftenedAnnual report
「The target metric for performance-linked compensation for the fiscal year was ordinary profit of ¥900 million or more, with variable compensation set in tiers; actual ordinary profit was ¥537 million.」
The ordinary profit target for performance-linked compensation fell from ¥2,150 million or more in the previous fiscal year to ¥900 million or more, while actual ordinary profit was ¥537 million. In addition, a policy change using consolidated net sales and consolidated net income as the assessment criteria was approved on 26 November 2024. - FY2023RaisedAnnual report
「The target metric for performance-linked compensation for the fiscal year was ordinary profit of ¥2,150 million or more, with variable compensation set in tiers; actual ordinary profit was ¥150 million.」
Raised the ordinary profit target for performance-linked compensation from ¥1,950 million or more in the previous fiscal year to ¥2,150 million or more, while actual ordinary profit was ¥150 million. - FY2022RaisedAnnual report
「The target metric for performance-linked compensation for the fiscal year was ordinary profit of ¥1,950 million or more, with variable compensation set in tiers; actual ordinary profit was ¥2,259 million.」
Raised the ordinary profit target for performance-linked compensation from ¥920 million or more in the previous fiscal year to ¥1,950 million or more, with actual ordinary profit reaching ¥2,259 million. - FY2021RaisedAnnual report
「The target metric for performance-linked compensation for the fiscal year was ordinary profit of ¥920 million or more, with variable compensation set in tiers; actual ordinary profit was ¥1,770 million.」
Raised the ordinary profit target for performance-linked compensation from ¥443 million or more previously to ¥920 million or more, with actual ordinary profit at ¥1,770 million. - FY2020RaisedAnnual report
「The target metric for performance-linked compensation for the fiscal year under review was ordinary profit of at least ¥443 million, with variable compensation set in stages, while actual ordinary profit was ¥859 million.」
The ordinary profit target for performance-linked compensation was raised from at least ¥240 million to at least ¥443 million, and actual ordinary profit of ¥859 million was disclosed. - FY2019First statedAnnual report
「The target metric for performance-linked compensation for the fiscal year under review was ordinary profit of at least ¥240 million, with variable compensation set in stages, while actual ordinary profit was ¥359 million.」
The company has, for the first time, specifically stated a performance-linked criterion targeting ordinary profit of at least ¥240 million for executive variable compensation and disclosed actual ordinary profit of ¥359 million for the fiscal year under review.