120% of Prior-Year Sales Target for Performance-Linked Compensation
First written in FY2022. 1 of 3 entries say "Dropped", first in FY2023. Latest entry: FY2024.
Sharingtechnology moved to the "Worse" side of this theme in 2024, 1 year after the typical company in this theme (2023).
The whole theme swung hardest in 2020: 4 of 31 companies on the "Worse" side.
8 other companies' latest entry also says "Reframed".
- FY2024ReframedAnnual report
「Bonuses for directors are to be cash compensation reflecting performance based primarily on revenue and operating profit, in order to raise awareness of improving performance in each fiscal year.」
The specific target of revenue at 120% of the previous year’s level disclosed for FY2022 was not repeated, and the policy was presented as performance-linked compensation based primarily on revenue and operating profit. - FY2023DroppedAnnual reportThe specific target of revenue at 120% of the previous year’s level for performance-linked compensation disclosed for FY2022 cannot be confirmed in the FY2023 Annual Securities Report. The report states that director compensation is based primarily on revenue and operating profit.
- FY2022First statedAnnual report
「The target for the fiscal year was revenue equal to 120% of the previous year’s level, and the actual result is as stated in “Part I [Corporate Information], Section 1 [Overview of the Company], 1 [Trends in Key Management Indicators], (1) Consolidated Management Indicators and (2) Management Indicators of the Filing Company.”」
The company disclosed for the first time a revenue target of 120% of the previous year’s level for the fiscal year as a target for directors’ performance-linked compensation. Consolidated revenue for FY2022 increased 125.4% year on year.