Stock Acquisition Right Exercise Conditions Linked to Gross Profit Levels
First written in FY2021. 5 of 7 entries say "Raised", first in FY2022-Q2. Latest entry: FY2026.
0 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「As a result, gross profit was ¥3,894.263 million.」
Gross profit for the fiscal year ending July 2026 was ¥3.894 billion, exceeding the ¥3.7 billion condition for the 15th Series Stock Acquisition Rights. However, the ¥4.5 billion and ¥5 billion conditions for the 16th Series and the condition of ¥8 billion or more for the 22nd Series have not been met. - FY2026-H1RaisedAnnual report
「① If gross profit is ¥8 billion or more and, on at least one occasion, the market capitalization calculated based on the average closing price in regular trading of the company's common shares over 20 consecutive business days is ¥10 billion or more: Exercisable Percentage of 50% ② If gross profit is ¥9 billion or more and, on at least one occasion, the market capitalization calculated based on the average closing price in regular trading of the company's common shares over 20 consecutive business days is ¥10 billion or more: Exercisable Percentage of 75% ③ If gross profit is ¥10 billion or more and, on at least one occasion, the market capitalization calculated based on the average closing price in regular trading of the company's common shares over 20 consecutive business days is ¥10 billion or more: Exercisable Percentage of 100%」
For the 22nd Series Stock Acquisition Rights, the assessment period runs from the fiscal year ending July 2027 through the fiscal year ending July 2029, with graduated exercise criteria based on gross profit of ¥8 billion, ¥9 billion and ¥10 billion and market capitalization of ¥10 billion. The gross profit thresholds exceed the ¥5 billion and ¥5.5 billion levels for the previous 19th Series Stock Acquisition Rights. - FY2024RaisedAnnual report
「(a) If gross profit exceeds ¥5 billion: Exercisable Percentage of 50% (b) If gross profit exceeds ¥5.5 billion: Exercisable Percentage of 100%」
For the 19th Series Stock Acquisition Rights, the assessment period runs from the fiscal year ending July 2025 through the fiscal year ending July 2027, or through the fiscal year ending July 2028 if so determined by the Board of Directors, with exercise conditions set at gross profit of ¥5 billion and ¥5.5 billion. The thresholds have been raised from the ¥4.5 billion and ¥5 billion levels for the 16th Series Stock Acquisition Rights. - FY2023RaisedAnnual report
「Warrantholders may exercise the stock acquisition rights only if the amount of gross profit stated in the company's income statement for any fiscal year from the fiscal year ending July 2026 through the fiscal year ending July 2028 meets the thresholds below: (a) If gross profit exceeds ¥4.5 billion: Exercisable Percentage of 50% (b) If gross profit exceeds ¥5 billion: Exercisable Percentage of 100%」
For the 16th Series Stock Acquisition Rights, the assessment period runs from the fiscal year ending July 2026 through the fiscal year ending July 2028, with conditions set at gross profit of ¥4.5 billion and ¥5 billion. The thresholds have been raised from the ¥3.3 billion and ¥3.7 billion levels for the previous 15th Series Stock Acquisition Rights. Gross profit for the fiscal year ending July 2023 was ¥2.522 billion, exceeding the top-tier ¥2.5 billion condition for the 11th Series Stock Acquisition Rights. - FY2023-Q2RaisedAnnual report
「Warrantholders may exercise the stock acquisition rights only if the amount of gross profit stated in the company's income statement for any fiscal year from the fiscal year ending July 2025 through the fiscal year ending July 2027, or in the consolidated income statement if the company prepares one, meets the thresholds below. Such exercise is limited to the number of the stock acquisition rights allocated to each warrantholder multiplied by the applicable percentage set out in each item below (the “Exercisable Percentage”). Any fraction of less than one right arising in the calculation of the Exercisable Percentage will be rounded down. (a) If gross profit exceeds ¥3.3 billion: Exercisable Percentage of 50% (b) If gross profit exceeds ¥3.7 billion: Exercisable Percentage of 100%」
For the 15th Series Stock Acquisition Rights, the assessment period runs from the fiscal year ending July 2025 through the fiscal year ending July 2027, with exercise conditions set at 50% for gross profit of ¥3.3 billion and 100% for ¥3.7 billion. Conditions higher than the ¥2.52 billion and ¥2.8 billion thresholds for the previous 14th Series Stock Acquisition Rights have been added. - FY2022-Q2RaisedAnnual report
「Warrantholders may exercise the stock acquisition rights only if the amount of gross profit stated in the company's income statement for any fiscal year from the fiscal year ending July 2024 through the fiscal year ending July 2026, or in the consolidated income statement if the company prepares one, meets the thresholds below. Such exercise is limited to the number of the stock acquisition rights allocated to each warrantholder multiplied by the applicable percentage set out in each item below (the “Exercisable Percentage”). Any fraction of less than one right arising in the calculation of the Exercisable Percentage will be rounded down. (a) If gross profit exceeds ¥2.52 billion: Exercisable Percentage of 50% (b) If gross profit exceeds ¥2.8 billion: Exercisable Percentage of 100%」
For the 14th Series Stock Acquisition Rights, the assessment period runs from the fiscal year ending July 2024 through the fiscal year ending July 2026, with graduated conditions based on gross profit of ¥2.52 billion and ¥2.8 billion. The thresholds have been raised from the ¥2 billion, ¥2.25 billion and ¥2.5 billion levels for the existing 11th Series Stock Acquisition Rights. - FY2021First statedAnnual report
「Share acquisition right holders may exercise the share acquisition rights allocated to them only if gross profit stated in the company’s income statement for any fiscal year from the fiscal year ending July 2023 through the fiscal year ending July 2027 reaches the levels below: (a) gross profit exceeding ¥2.0 billion: 20% exercisable; (b) gross profit exceeding ¥2.25 billion: 60% exercisable; (c) gross profit exceeding ¥2.5 billion: 100% exercisable.」
For the 11th series of share acquisition rights, the company first disclosed graduated gross-profit targets of ¥2.0 billion, ¥2.25 billion and ¥2.5 billion and the corresponding exercisable percentages for the fiscal years ending July 2023 through July 2027.