Introduction of Performance-Target-Linked PSUs for the Fiscal Year Ended March 2021
First written in FY2017. 1 of 5 entries say "Restated". Latest entry: FY2024.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2024AdvancedAnnual report
「Achievement rate for the consolidated operating income target for the fiscal year ending March 2027 (%) = (consolidated operating income for the fiscal year ending March 2027 − ¥6 billion) ÷ ¥9 billion × 100」
For the PSU linked to “avex vision 2027,” the calculation formula for the achievement rate has been specified, with operating income of ¥6 billion for the fiscal year ending March 2027 as the lower threshold and ¥9 billion as the benchmark, along with the payout ratio combined with ROE and the payment timing in July 2027. - FY2023ReframedAnnual report
「We will grant PSUs to the company’s executive directors, using April 2022 to March 2027 as the evaluation period. The PSU is linked to the company’s medium-term management plan “avex vision 2027,” with consolidated operating income and consolidated ROE for the fiscal year ending March 2027 selected as KPIs because the medium-term management plan sets numerical targets for them.」
Following the end of the evaluation period for the previous PSU, a new PSU linked to “avex vision 2027” was introduced for the period from April 2022 to March 2027, with consolidated operating income and ROE as KPIs. - FY2021PSU evaluation completed; payout amount 0Annual report
「The target values for each KPI were set at consolidated net sales of ¥250 billion and consolidated operating income of ¥20 billion under this strategy. Actual results for the fiscal year ended March 2021 were consolidated net sales of ¥8,152.7 million and a consolidated operating loss of ¥627.8 million. Individual payments to each executive director were calculated based on these results in accordance with the predetermined payment formula and were set at 0.」
Evaluation of the PSU period from April 2017 to March 2021 based on actual net sales and operating income has been completed, and the individual payout amount was set at 0. - FY2019RestatedAnnual report
「We will grant PSUs to the company’s executive directors, using April 2017 to March 2021 as the evaluation period. The PSU is intended to incentivize management to achieve growth exceeding the performance targets for the fiscal year ending March 2021 and strengthen the link with shareholder value. After the payout ratio, which varies from 0% to 150% according to consolidated net sales and consolidated operating income for the fiscal year ending March 2021, is determined, the company’s common shares and cash will be granted in a lump sum.」
The design of the PSU has been reaffirmed, including an evaluation period from April 2017 to March 2021, linkage to net sales and operating income, a payout ratio of 0% to 150% and payment in July 2021. - FY2017First statedAnnual report
「We will grant PSUs to the company’s executive directors, using the period from April 2017 to March 2021 for “avex group Growth Strategy 2020—Toward a Future-Oriented Entertainment Company—” as the performance evaluation period. The PSU is intended to incentivize management to achieve growth exceeding the performance targets set out in “avex group Growth Strategy 2020—Toward a Future-Oriented Entertainment Company—” and strengthen the link with shareholder value. After the payout ratio, which varies from 0% to 150% according to consolidated net sales and consolidated operating income in the final year of the strategy, is determined, the company’s common shares and cash will be granted in a lump sum.」
A PSU will be introduced with an evaluation period from April 2017 to March 2021, with the payout ratio varying from 0% to 150% according to consolidated net sales and operating income in the final year.