Mid- to Long-Term Performance Targets Linked to Revenue and Operating Profit
First written in FY2023. 2 of 6 entries say "Restated". Latest entry: 2026-08-13.
SmartDrive moved to the "Worse" side of this theme in 2026.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
0 other companies' latest entry also says "Softened".
- FY2025Not achieved in the first performance measurement periodAnnual report
「Actual performance against the performance evaluation metrics for the fiscal year ending September 2024 fell below the performance conditions shown in the table above. Accordingly, no performance-based share compensation, or PSU awards, were granted for services performed during that performance evaluation period.」
The initial performance conditions of ¥2.5 billion in revenue and ¥200 million in operating profit for FY2024 were not achieved, and no corresponding PSU awards were granted. The conditions for FY2026 and FY2028, consisting of revenue of ¥5 billion and ¥10 billion and operating profit of ¥1 billion and ¥2 billion, respectively, continue to be disclosed. - FY2024-Q1RestatedAnnual report
「(a) Fiscal year ending September 2024: if revenue exceeds ¥2.5 billion and operating profit exceeds ¥200 million, 100 options may be exercised; (b) fiscal year ending September 2026: if revenue exceeds ¥5 billion and operating profit exceeds ¥1 billion, 220 options may be exercised; (c) fiscal year ending September 2028: if revenue exceeds ¥10 billion and operating profit exceeds ¥2 billion, 300 options may be exercised」
The revenue and operating profit targets and the number of exercisable options for FY2024, FY2026 and FY2028 are restated as exercise conditions for the 15th Stock Acquisition Rights. No changes to the targets or deadlines, or performance against them, are indicated. - FY2023First statedAnnual report
「For the fiscal year ending September 2024: if revenue exceeds ¥2.5 billion and operating profit exceeds ¥200 million, 100 options may be exercised; for the fiscal year ending September 2026: if revenue exceeds ¥5 billion and operating profit exceeds ¥1 billion, 220 options may be exercised; for the fiscal year ending September 2028: if revenue exceeds ¥10 billion and operating profit exceeds ¥2 billion, 300 options may be exercised.」
The company has established specific revenue and operating profit targets for the fiscal years ending September 2024, September 2026 and September 2028 for the first time as exercise conditions for paid stock options granted to directors.