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Avex (7860) · TargetDeadline reached and target missed for the fiscal year ending March 2021

Consolidated net sales of ¥250 billion or more and operating income of ¥20 billion or more for the fiscal year ending March 2021

First written in FY2017. 1 of 3 entries say "Softened", first in FY2019. Latest entry: FY2021.

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ProgressHeldSoftenedWorseFirst statedFY2017SoftenedFY20192017: 120172018: 020182019: 120192020: 020202021: 12021
Same theme, other companies
Setting and achieving performance targets under the medium-term management planA theme 791 companies write about · 75 as a headwind · 1062 as a tailwind

The whole theme swung hardest in 2021: 17 of 77 companies on the "Worse" side.

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Showing 14 of the 133 companies compared. The sentences above are computed from all 133.Comparing 200 of the theme's 1182 threads.
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  1. FY2021Deadline reached and target missed for the fiscal year ending March 2021Annual 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.」

    The actual results after the deadline for the fiscal year ending March 2021 targets of ¥250 billion in net sales and ¥20 billion in operating income, along with PSU payments of 0, are disclosed.
  2. FY2019SoftenedAnnual report

    「The Group has set a management target of operating income of ¥20 billion for the fiscal year ending March 2024 and will work to achieve it.」

    The central management metrics have shifted from net sales of ¥250 billion and operating income of ¥20 billion for the fiscal year ending March 2021 to operating income of ¥20 billion for the fiscal year ending March 2024. The fiscal year ending March 2021 target continues to be mentioned in descriptions of the PSU, but as a management policy target it has been replaced by new deadlines and metrics.
  3. FY2017First statedAnnual report

    「The group has promoted the strategy set out in “avex group Growth Strategy 2020: Toward a Future-Oriented Entertainment Company” and established management targets for the fiscal year ending March 2021 of consolidated net sales of at least ¥250 billion and operating profit of at least ¥20 billion, and has worked toward achieving them.」

    For the fiscal year ending March 2021, the company first explicitly stated numerical targets of consolidated net sales of at least ¥250 billion and operating income of at least ¥20 billion.
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Consolidated net sales of ¥250 billion or more and operating income of ¥20 billion or more for the fiscal year ending March 2021 | Avex Inc. (7860) | Komori