Paid Stock Acquisition Rights Linked to Consolidated Ordinary Profit Targets
First written in FY2017-Q2. 1 of 4 entries say "Advanced", first in FY2017. Latest entry: FY2020.
26 other companies' latest entry also says "Other".
- FY2020All lapsed because performance targets were not metAnnual report
「Balance at prior consolidated fiscal year-end 734,900; forfeited 734,900; vested –; unvested balance –」
The paid stock acquisition rights issued in 2017 did not meet the conditions of ordinary profit exceeding ¥7.3 billion and ¥7.6 billion, and all 734,900 unvested shares lapsed during the current consolidated fiscal year. - FY2019Performance targets not metAnnual report
「(a) Consolidated ordinary profit for the fiscal year ended October 2018 exceeded ¥7.3 billion. (b) Consolidated ordinary profit for the fiscal year ended October 2019 exceeded ¥7.6 billion.」
Although consolidated ordinary profit exceeding ¥7.6 billion for the fiscal year ended October 2019 was stipulated as an exercise condition for the paid stock acquisition rights, ordinary profit for the current fiscal year was ¥6,135 million, and the stated condition was not met. - FY2017AdvancedAnnual report
「In June 2017, paid stock options subject to performance conditions were issued to all directors and employees to increase their motivation and morale to improve the share price and business performance.」
Moving beyond the previous explanations of the issuance policy and performance conditions, paid stock options for all directors and employees were issued in June 2017. - FY2017-Q2First statedAnnual report
「To promote the sustainable growth of corporate value, paid stock acquisition rights will be issued to all directors and employees employed as of 1 January 2017, with the aim of increasing their motivation and morale to improve our Group's performance. As stipulated in “II. Terms of Issue of Stock Acquisition Rights, 3. Details of Stock Acquisition Rights, (6) Conditions for Exercising Stock Acquisition Rights,” these stock acquisition rights may be exercised only if consolidated ordinary profit, which we recognize as a general indicator directly reflecting the Company's performance, reaches the specified performance target.」
Paid stock acquisition rights were issued to directors and employees, with consolidated ordinary profit exceeding ¥7.3 billion for the fiscal year ended October 2018 and ¥7.6 billion for the fiscal year ended October 2019 set as exercise conditions.