Terms of stock acquisition rights linked to transaction volume and operating profit in the new business
First written in FY2019. 1 of 2 entries say "Restated". Latest entry: FY2021.
No other company in this theme has enough history to compare yet.
- FY2021RestatedAnnual report
「(a) At least 2 years have elapsed since the allotment date, and in any consolidated fiscal year from the fiscal year ending March 2019 onward, consolidated transaction volume generated by the new business is at least ¥2 billion or operating profit from the new business is at least ¥400 million: exercisable portion, 33% (b) At least 4 years have elapsed since the allotment date, and in any consolidated fiscal year from the fiscal year ending March 2019 onward, consolidated transaction volume generated by the new business is at least ¥10 billion or operating profit from the new business is at least ¥2 billion: exercisable portion, 60% (c) At least 6 years have elapsed since the allotment date, and in any consolidated fiscal year from the fiscal year ending March 2019 onward, consolidated transaction volume generated by the new business is at least ¥30 billion or operating profit from the new business is at least ¥6 billion: exercisable portion, 100%」
The performance thresholds under which the exercisable portion increases in stages according to transaction volume or operating profit from new businesses have been reconfirmed. - FY2019First statedAnnual report
「(a) At least 2 years have elapsed since the allotment date, and in any consolidated fiscal year from the fiscal year ending March 2019 onward, consolidated transaction volume generated by the new business is at least ¥2 billion or operating profit from the new business is at least ¥400 million: exercisable portion, 33% (b) At least 4 years have elapsed since the allotment date, and in any consolidated fiscal year from the fiscal year ending March 2019 onward, consolidated transaction volume generated by the new business is at least ¥10 billion or operating profit from the new business is at least ¥2 billion: exercisable portion, 60% (c) At least 6 years have elapsed since the allotment date, and in any consolidated fiscal year from the fiscal year ending March 2019 onward, consolidated transaction volume generated by the new business is at least ¥30 billion or operating profit from the new business is at least ¥6 billion: exercisable portion, 100%」
The terms for the 15th series of stock acquisition rights specify graduated performance thresholds under which the rights become exercisable up to 33%, 60% or 100%, depending on consolidated transaction volume or operating profit from new businesses.