Stock Option Exercise Conditions Linked to Operating Profit
First written in FY2016. 16 of 24 entries say "Advanced", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 16 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「After vesting (shares) End of previous consolidated fiscal year 152,000 300,800 — — — Exercise 200 600 — — — Unexercised balance 151,800 300,200 — — 3,200」
During the fiscal year, 200 shares and 600 shares, respectively, of the 8th and 9th series of stock options were exercised. In addition, 3,200 shares of the 13th series of stock acquisition rights granted in December 2024 remained after vesting, indicating progress in the operation of the share-based compensation scheme. - 2026-05-29ReframedGeneral Meetings of Shareholders
「Through this revision, we will further strengthen incentives for the Company’s directors to improve medium-term performance and sustainably enhance corporate value, while promoting the sharing of value with shareholders.」
The company described a revision to the restriction period for restricted stock compensation designed to strengthen its linkage with the medium-term management plan and other initiatives, separately from the existing stock options linked to operating income. - FY2025ReframedAnnual report
「iv) Board of Directors resolution dated 10 December 2024 (13th series of stock acquisition rights)」
While retaining the 11th and 12th series of stock acquisition rights subject to operating profit conditions, the Company broadened its share-based compensation framework in December 2024 by granting the 13th series of stock acquisition rights to 4 employees, without performance conditions and with an exercise period from 25 December 2025 through 24 December 2030. - FY2024AdvancedAnnual report
「The 1,503-share decrease in treasury shares comprised a 1,403-share decrease due to the delivery of restricted stock and a 100-share decrease due to the exercise of stock options.」
The exercise of stock options increased by 100 shares during the fiscal year, confirming activity under the existing share-based compensation scheme. - FY2022AdvancedAnnual report
「Disposal of treasury shares 10,800 shares ¥35,418,906」
During the fiscal year, the disposal of 10,800 treasury shares in connection with the exercise of stock acquisition rights progressed, indicating further exercise of existing stock options. - FY2022-Q3AdvancedAnnual report
「The number of treasury shares decreased by 1,200 shares upon the exercise of stock acquisition rights, bringing the total number of shares held as of the end of the third quarter accounting period to 98,300 shares.」
The exercise of stock acquisition rights progressed during the third quarter, reducing treasury shares by 1,200 shares. - FY2022-Q2RaisedAnnual report
「If the Company's operating profit exceeds ¥14,736 million in any fiscal year from the fiscal year ending March 2022 through the fiscal year ending March 2036, holders of these stock acquisition rights may exercise them only during the period from 1 July 2036 through 30 June 2038. If the Company's operating profit exceeds ¥20,630 million in any fiscal year from the fiscal year ending March 2022 through the fiscal year ending March 2041, holders of these stock acquisition rights may exercise them only during the period from 1 July 2041 through 30 June 2043.」
The 11th and 12th series of stock acquisition rights approved on 30 August 2021 were granted to employees, with new long-term targets of operating profit exceeding ¥14,736 million or ¥20,630 million as exercise conditions. After the previous ¥4 billion operating profit target was not met and the rights expired, the scheme was updated with higher operating profit thresholds as conditions. - FY2022-Q1AdvancedAnnual report
「The number of treasury shares decreased by 4,100 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the first quarter accounting period was 100,300.」
In the first quarter, treasury shares decreased by 4,100 as a result of the exercise of stock acquisition rights, indicating progress in the exercise of existing stock options. - FY2021DroppedAnnual report
「These stock acquisition rights have expired because it was confirmed on 28 May 2021 that the conditions for vesting had not been met.」
The stock options issued in 2018, subject to operating profit exceeding ¥4.0 billion in the fiscal year ended March 2021, expired after it was confirmed that the condition had not been met. - FY2021-Q3AdvancedAnnual report
「Note: The number of treasury shares decreased by 5,200 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the third quarter accounting period was 106,300.」
Exercise of stock acquisition rights progressed in the third quarter, and treasury shares decreased by 5,200. - FY2021-Q2AdvancedAnnual report
「Note: The number of treasury shares decreased by 4,500 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the second quarter accounting period was 111,500.」
Exercise of stock acquisition rights progressed in the second quarter, and treasury shares decreased by 4,500. - FY2021-Q1AdvancedAnnual report
「The number of treasury shares decreased by 100 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the first quarter accounting period was 115,900.」
In the first quarter, treasury shares decreased by 100 as a result of the exercise of stock acquisition rights, indicating progress in the exercise of stock options. - FY2020-Q3AdvancedAnnual report
「Note: The number of treasury shares decreased by 8,400 as a result of the exercise of stock acquisition rights, while treasury shares increased by 49,400 as a result of share repurchases, and the total number of shares held as of the end of the third quarter accounting period was 119,900.」
In the third quarter, exercise of stock acquisition rights and share repurchases progressed, confirming related exercise activity and changes in the treasury share balance. - FY2020-Q2AdvancedAnnual report
「The number of treasury shares decreased by 153,400 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the second quarter accounting period was 78,900.」
Exercise of stock acquisition rights progressed in the second quarter, and treasury shares decreased by 153,400. - FY2020-Q1AdvancedAnnual report
「The number of treasury shares decreased by 8,100 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the first quarter accounting period was 224,200.」
In the first quarter, treasury shares decreased by 8,100 as a result of the exercise of stock acquisition rights, indicating progress in the exercise of existing stock options. - FY2019AchievedAnnual report
「Operating profit was ¥2,629.092 million (138.2% year on year).」
For the stock options issued in November 2015, the highest operating profit threshold, exceeding ¥2.5 billion, among the conditions for the fiscal years ending March 2017 through March 2019 was achieved in the fiscal year ended March 2019. As a result, operating profit reached the level corresponding to an exerciseable percentage of 100% under that condition. - FY2019-Q3AdvancedAnnual report
「The number of treasury shares decreased by 500 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the third quarter accounting period was 232,300.」
In the third quarter, treasury shares decreased by 500 as a result of the exercise of stock acquisition rights, indicating progress in the exercise of stock options. - FY2019-Q2AdvancedAnnual report
「The number of treasury shares decreased by 15,200 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the second quarter accounting period was 232,800.」
Treasury shares decreased by 15,200 as a result of the exercise of stock acquisition rights, indicating progress in the exercise of stock options. - FY2019-Q1AdvancedAnnual report
「The number of treasury shares decreased by 13,900 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the first quarter accounting period was 234,100.」
Treasury shares decreased by 13,900 as a result of the exercise of stock acquisition rights, indicating progress in the exercise of stock options. - FY2018RaisedAnnual report
「A holder of stock acquisition rights may exercise the stock acquisition rights allocated to that holder only if the company's operating profit exceeds ¥4.0 billion in the fiscal year ending March 2021.」
For the stock options issued in February 2018, a new exercise condition was set requiring operating profit to exceed ¥4.0 billion in the fiscal year ending March 2021. This is higher than the previous tiered thresholds of ¥2.0 billion, ¥2.5 billion and ¥2.8 billion. - FY2018-Q3AdvancedAnnual report
「Note: The number of treasury shares decreased by 6,700 as a result of the exercise of stock acquisition rights, and the total number of shares held as of the end of the third quarter accounting period was 257,000.」
The disclosure states that treasury shares decreased by 6,700 as a result of the exercise of stock acquisition rights, confirming the related exercise activity. - FY2017AdvancedAnnual report
「Operating profit was ¥1,824.248 million (181.2% year on year).」
For the stock acquisition rights issued in November 2015, operating profit for the first year of the applicable period, the fiscal year ended March 2017, exceeded ¥1.5 billion, reaching the level corresponding to the first exerciseable percentage. The thresholds of ¥2.0 billion, ¥2.5 billion and ¥2.8 billion for the rights issued in November 2016 apply from the fiscal year ending March 2018 onward. - FY2017-Q2RaisedAnnual report
「A holder of stock acquisition rights may exercise the stock acquisition rights allocated to that holder only if, in any one of the 3 fiscal years ending March 2018, March 2019 and March 2020, the company's operating profit reaches the levels specified in (a) to (c) below, and only up to the number corresponding to the percentage specified for the applicable item, referred to below as the exerciseable percentage.」
Under the new paid stock options, the applicable period was changed to the fiscal years ending March 2018 through March 2020, with exerciseable percentages of 20%, 50% and 100% based on operating profit exceeding ¥2.0 billion, ¥2.5 billion and ¥2.8 billion, respectively. The operating profit thresholds were raised from the previous levels of ¥1.5 billion, ¥2.0 billion and ¥2.5 billion. - FY2016First statedAnnual report
「The stock acquisition rights allocated to each holder may be exercised only if, in any one of the 3 fiscal years ending March 2017, March 2018 and March 2019, the company's operating profit reaches the levels specified in (a) to (c) below, and only up to the number corresponding to the percentage specified for the applicable item.」
For any fiscal year from the year ended March 2017 through the year ended March 2019, the exerciseable percentages were set at 20%, 50% and 100% when operating profit exceeded ¥1.5 billion, ¥2.0 billion and ¥2.5 billion, respectively.