Stock Option Targets Subject to Revenue and Operating Profit Conditions
First written in FY2016. 5 of 16 entries say "Restated". Latest entry: FY2026-H1.
The whole theme swung hardest in 2026: 1 of 6 companies on the "Worse" side.
2 other companies' latest entry also says "Restated".
- FY2026-H1RestatedAnnual report
「If operating profit in the audited statements of income of the Company included in the securities reports submitted by the Company for any of the fiscal years ending March 2026, March 2027, March 2028 or March 2029 is at least ¥3,000 million, each holder of stock acquisition rights may exercise, up to the number of stock acquisition rights allocated to that holder, the prescribed percentage of those rights from the first day of the month following the month in which the securities report for the fiscal year in which the condition was achieved is submitted through the last day of the exercise period.」
For the newly issued stock acquisition rights, the condition allowing exercise if operating profit reaches at least ¥3 billion in any of the fiscal years ending March 2026 through March 2029 has been maintained. - FY2025-H1SoftenedAnnual report
「If operating profit in the audited consolidated statements of income of the Company included in the securities reports submitted by the Company for any of the fiscal years ending March 2025, March 2026, March 2027 or March 2028 is at least ¥3,000 million, each holder of stock acquisition rights may exercise, up to the number of stock acquisition rights allocated to that holder, the prescribed percentage of those rights from the first day of the month following the month in which the securities report for the fiscal year in which the condition was achieved is submitted through the last day of the exercise period.」
For the stock acquisition rights issued in July 2024, the condition was set at operating profit of at least ¥3 billion in any of the fiscal years ending March 2025 through March 2028. The exercise threshold was lowered from the previous operating profit condition of ¥4 billion. - FY2024-Q1RestatedAnnual report
「If operating profit in the audited consolidated statements of income of the Company included in the securities reports submitted by the Company for any of the fiscal years ending March 2024, March 2025, March 2026, March 2027 or March 2028 reaches ¥4,000 million, each holder of these stock acquisition rights may exercise, up to the number of stock acquisition rights allocated to that holder, the prescribed percentage of those rights from the first day of the month following the month in which the securities report for the fiscal year in which the condition was achieved is submitted through the last day of the exercise period.」
For the stock acquisition rights approved in 2023, the exercise condition requiring operating profit of ¥4 billion in any of the fiscal years ending March 2024 through March 2028 has been reconfirmed. - FY2023RaisedAnnual report
「These stock acquisition rights are subject to a performance threshold under which 100% may be exercised if operating profit in the audited consolidated statements of income of the Company included in the securities reports submitted by the Company for any of the fiscal years ending March 2024, March 2025, March 2026, March 2027 or March 2028 reaches ¥4,000 million.」
For the stock acquisition rights newly granted to 1,435 people, a condition was established allowing 100% exercise if operating profit reaches ¥4 billion in any of the fiscal years ending March 2024 through March 2028, raising the threshold from the previous conditions, including operating profit of ¥2.2 billion. - FY2022AdvancedAnnual report
「Operating profit for the fiscal year was ¥1,876 million, up 48.7% from the previous fiscal year.」
Operating profit of ¥1,876 million for the fiscal year exceeded the condition attached to the stock acquisition rights issued in 2021, under which 50% would be exercisable if operating profit reached at least ¥1,800 million. Meanwhile, the ¥2,200 million condition for 100% exercisability was not met. - FY2021RaisedAnnual report
「① If operating profit is at least ¥2,200 million: exercisable percentage: 100% ② If operating profit is at least ¥1,800 million: exercisable percentage: 50%」
For the stock acquisition rights issued in June 2021, the conditions for the fiscal years ending March 2022 through March 2024 were set at operating profit of ¥2,200 million and ¥1,800 million, up from the previous conditions of ¥1,800 million and ¥1,500 million. - FY2020RaisedAnnual report
「① If operating profit is at least ¥1,800 million: exercisable percentage: 100% ② If operating profit is at least ¥1,500 million: exercisable percentage: 50%」
For the stock acquisition rights approved for issuance in June 2020, the conditions for one of the fiscal years ending March 2021 through March 2023 were raised from the previous ¥1,500 million and ¥1,200 million thresholds to ¥1,800 million and ¥1,500 million. - FY2020AdvancedAnnual report
「As a result, operating profit for the fiscal year was ¥1,249 million, up 29.0% from the previous fiscal year.」
Results exceeded the exercise condition of operating profit of at least ¥1,200 million for the stock acquisition rights issued in 2019. Meanwhile, the ¥1,500 million condition was not met. - FY2020-Q1RestatedAnnual report
「If, according to the audited consolidated statements of income of the Company included in the securities reports submitted by the Company for the fiscal years ending March 2020, March 2021 or March 2022 (or the statements of income if consolidated financial statements are not prepared), operating profit for any of those fiscal years meets one of the conditions below, each holder of stock acquisition rights may exercise, up to the number of stock acquisition rights allocated to that holder, the prescribed percentage of those rights from the first day of the month following the month in which the securities report for the fiscal year in which the condition was achieved is submitted through the last day of the exercise period. ① If operating profit is at least ¥1,500 million: exercisable percentage: 100% ② If operating profit is at least ¥1,200 million: exercisable percentage: 50%」
The operating profit conditions of ¥1,500 million and ¥1,200 million for exercising stock acquisition rights for one of the fiscal years ending March 2020 through March 2022 have been restated. - FY2019RaisedAnnual report
「① If operating profit is at least ¥1,500 million: exercisable percentage: 100% ② If operating profit is at least ¥1,200 million: exercisable percentage: 50%」
The stock acquisition rights approved on 18 June 2019 were subject to operating profit conditions of ¥1,500 million and ¥1,200 million for one of the fiscal years ending March 2020 through March 2022. The thresholds were raised from the previous conditions of ¥1,200 million and ¥800 million. - FY2019-Q1RestatedAnnual report
「① If operating profit is at least ¥1,200 million: exercisable percentage: 100% ② If operating profit is at least ¥800 million: exercisable percentage: 50%」
The operating profit conditions of ¥1,200 million and ¥800 million for exercising stock acquisition rights for one of the fiscal years ending March 2019 through March 2021 have been restated. - FY2018RaisedAnnual report
「① If operating profit is at least ¥1,200 million: exercisable percentage: 100% ② If operating profit is at least ¥800 million: exercisable percentage: 50%」
The paid stock options approved for issuance in June 2018 were subject to operating profit conditions of ¥1,200 million and ¥800 million for one of the fiscal years ending March 2019 through March 2021. These levels were higher than the previous conditions of ¥725 million and ¥600 million. The previous conditions for the fiscal year ending March 2018, of revenue of ¥8,000 million and operating profit of ¥600 million, were met based on results for the fiscal year. - FY2018-Q1ReframedAnnual report
「(1) If, according to the audited consolidated statements of income of the Company included in the securities reports submitted by the Company for fiscal 2018 or fiscal 2019 (or the statements of income if consolidated financial statements are not prepared), operating profit for either fiscal year meets one of the conditions below, each holder of stock acquisition rights may exercise, up to the number of stock acquisition rights allocated to that holder, the prescribed percentage of those rights from the first day of the month following the month in which the securities report for the fiscal year in which the condition was achieved is submitted through the last day of the exercise period. ① If operating profit is at least ¥725 million: exercisable percentage: 100% ② If operating profit is at least ¥600 million: exercisable percentage: 50%」
For the newly issued stock acquisition rights, the conditions have changed from the previous revenue and operating profit requirements to conditions based on operating profit of ¥725 million or ¥600 million for fiscal 2018 or fiscal 2019. - FY2017AdvancedAnnual report
「Revenue for the fiscal year was ¥8,088 million, up 25.0% from the previous fiscal year, and operating profit was ¥617 million, up 37.7%.」
Reported results exceeded the stock option exercise conditions set for the fiscal year ending March 2017 of revenue of at least ¥7,000 million and operating profit of at least ¥500 million. Meanwhile, the conditions for the fiscal year ending March 2018, of revenue of ¥8,000 million and operating profit of ¥600 million, remain in place. - FY2017-Q1RestatedAnnual report
「The stock acquisition rights issued during the first quarter accounting period were as follows.」
In connection with the issuance of the stock acquisition rights, the existing achievement conditions have been restated: revenue of at least ¥7,000 million and operating profit of at least ¥500 million for the fiscal year ending March 2017, and revenue of at least ¥8,000 million and operating profit of at least ¥600 million for the fiscal year ending March 2018. - FY2016First statedAnnual report
「① If revenue for the fiscal year ending March 2017 is at least ¥7,000 million and operating profit is at least ¥500 million: exercisable percentage: 50% ② If revenue for the fiscal year ending March 2018 is at least ¥8,000 million and operating profit is at least ¥600 million: exercisable percentage: 50%」
For the fiscal years ending March 2017 and March 2018, revenue and operating profit targets have been set as conditions for exercising the stock options.