Exercise conditions for stock acquisition rights linked to ordinary profit levels
First written in FY2017. 6 of 15 entries say "Advanced", first in FY2020-Q3. Latest entry: FY2022.
21 other companies' latest entry also says "Dropped".
- FY2022DroppedAnnual report
「The 175,200-share decrease in the Series 1 Paid Stock Acquisition Rights with Exercise Price Adjustment Clauses during the fiscal year consisted of a 76,200-share decrease due to the exercise of stock acquisition rights and a 99,000-share decrease due to the acquisition and cancellation of stock acquisition rights.」
Of the Series 1 Paid Stock Acquisition Rights, rights covering 76,200 shares were exercised and the remaining rights covering 99,000 shares were acquired and cancelled, leaving no balance at the end of the period. - FY2021AdvancedAnnual report
「Number of the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses exercised during the period (units) 1,005 / Number of shares delivered upon exercise during the period (shares) 100,500 / Funds raised through exercises during the period (¥ thousands) 46,407 / Cumulative number of the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses exercised as of the end of the period (units) 13,248 / Cumulative number of shares delivered in connection with the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses as of the end of the period (shares) 1,324,800 / Cumulative funds raised through the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses as of the end of the period (¥ thousands) 881,919」
1,005 units were exercised during the fourth quarter, resulting in the delivery of 100,500 shares and raising ¥46.407 million. Cumulatively, the figures were 13,248 units, 1,324,800 shares and ¥881.919 million, respectively. - FY2021-Q3AdvancedAnnual report
「Number of the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses exercised during the quarter (units) 1,291 Number of shares delivered upon exercise during the quarter (shares) 129,100 Average exercise price, etc., for exercises during the quarter (¥) 451.8 Funds raised through exercises during the quarter (¥ thousands) 58,324 Cumulative number of the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses exercised as of the end of the quarter (units) 12,243 Cumulative number of shares delivered in connection with the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses as of the end of the quarter (shares) 1,224,300 Cumulative average exercise price, etc., for the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses as of the end of the quarter (¥) 682.4 Cumulative funds raised through the relevant bonds with subscription rights to shares and other instruments with exercise price adjustment clauses as of the end of the quarter (¥ thousands) 835,512」
1,291 units were exercised during the third quarter, resulting in the delivery of 129,100 shares and raising ¥58.324 million. The cumulative number exercised was 12,243 units, cumulative shares delivered were 1,224,300, and cumulative funds raised were ¥835.512 million. - FY2021-Q2AdvancedAnnual report
「Number of such stock acquisition rights exercised during the quarter: 681 Cumulative number of such stock acquisition rights exercised as of the end of the quarter: 10,952 Cumulative number of shares delivered in connection with such rights as of the end of the quarter: 1,095,200 Cumulative funds raised through such exercises as of the end of the quarter: ¥777.187 million」
During the second-quarter accounting period, 681 rights were exercised. Cumulative totals were 10,952 rights exercised, 1,095,200 shares delivered and ¥777.187 million raised. - FY2021-Q1AdvancedAnnual report
「Number of such stock acquisition rights exercised during the quarter: 15 Shares delivered upon exercise during the quarter: 1,500 Funds raised through exercises during the quarter: ¥795 thousand Cumulative number of such stock acquisition rights exercised as of the end of the quarter: 10,271 Cumulative number of shares delivered in connection with such rights as of the end of the quarter: 1,027,100 Cumulative funds raised through such exercises as of the end of the quarter: ¥745.336 million」
During the first quarter, 15 stock acquisition rights were exercised, 1,500 shares were delivered and ¥795 thousand was raised. The cumulative number of rights exercised was 10,271, cumulative shares delivered totaled 1,027,100, and cumulative funds raised totaled ¥745.336 million. - FY2020AdvancedAnnual report
「Cumulative number of such stock acquisition rights exercised as of the end of the period: 10,256 Cumulative number of shares delivered in connection with such rights as of the end of the period: 1,025,600 Cumulative funds raised through such exercises as of the end of the period: ¥744.540 million」
The cumulative number of stock acquisition rights with adjustment clauses for the exercise price exercised was 10,256, the number of shares delivered was 1,025,600, and funds raised totaled ¥744.540 million. - FY2020-Q3AdvancedAnnual report
「Number of such stock acquisition rights exercised during the quarter: 1,391 Shares delivered upon exercise during the quarter: 139,100 Funds raised through exercises during the quarter: ¥90.186 million Cumulative number of such stock acquisition rights exercised as of the end of the quarter: 9,040 Cumulative number of shares delivered in connection with such rights as of the end of the quarter: 904,000 Cumulative funds raised through such exercises as of the end of the quarter: ¥663.617 million」
During the third-quarter accounting period, 1,391 stock acquisition rights were exercised, 139,100 shares were delivered and ¥90.186 million was raised. Cumulative totals were 9,040 rights, 904,000 shares and ¥663.617 million. - FY2020-Q2Progress in the exercise of stock acquisition rightsAnnual report
「During the second-quarter accounting period, stock acquisition rights attached to bonds with adjustment clauses for the exercise price were exercised as follows. Number of such rights exercised during the second-quarter accounting period: 627 Shares delivered upon exercise during the quarter: 62,700 Funds raised through exercises during the quarter: ¥42.432 million」
During the second-quarter accounting period, 627 stock acquisition rights were exercised, 62,700 shares were delivered and ¥42.432 million was raised. Cumulative totals were 7,649 rights, 764,900 shares and ¥573.430 million. - FY2020-Q1Progress in the exercise of stock acquisition rightsAnnual report
「Number of such stock acquisition rights exercised during the quarter: 2,227 Shares delivered upon exercise during the quarter: 222,700 Funds raised through exercises during the quarter: ¥151.749 million Cumulative number of such stock acquisition rights exercised as of the end of the quarter: 7,022 Cumulative number of shares delivered in connection with such rights as of the end of the quarter: 702,200 Cumulative funds raised through such exercises as of the end of the quarter: ¥530.998 million」
During the first quarter, 2,227 stock acquisition rights were exercised, 222,700 shares were delivered and ¥151.749 million was raised. Cumulative totals were 7,022 rights, 702,200 shares and ¥530.998 million. - FY2019Ordinary-income results for the performance assessment period disclosedAnnual report
「Ordinary income was ¥15 million, down 89.9% year on year.」
Ordinary income for the fiscal year ending February 2019 was disclosed as ¥15 million, compared with the first ordinary-income threshold of ¥300 million set for the stock acquisition rights. - FY2019-Q3Capital increase through the exercise of stock acquisition rights continuesAnnual report
「During the cumulative period of the third quarter, the exercise of stock acquisition rights granted as stock options increased capital stock by ¥130.513 million and capital reserves by ¥130.513 million. At the end of the third quarter, capital stock was ¥1,277.482 million and capital surplus was ¥1,207.482 million.」
During the cumulative period of the third quarter, the exercise of stock acquisition rights increased capital stock and capital reserves by ¥130.513 million each. There is no statement regarding achievement of the ordinary-income performance thresholds. - FY2019-Q2Progress in the exercise of stock acquisition rightsAnnual report
「During the second quarter accounting period, the share acquisition rights attached to bonds with share acquisition rights and other instruments with exercise-price adjustment clauses were exercised as follows.」
During the second-quarter accounting period, 1,505 stock acquisition rights were exercised, 150,500 shares were delivered and ¥126.816 million was raised. The filing contains no indication that any of the ordinary-income performance thresholds were achieved. - FY2019-Q1Exercise of stock acquisition rights continuesAnnual report
「During the first quarter, stock acquisition rights attached to bonds with adjustment clauses for the exercise price were exercised as follows. First-quarter accounting period (1 March 2018 to 31 May 2018) Number of such rights exercised during the first-quarter accounting period: 242 Number of shares delivered upon exercise during the first-quarter accounting period: 24,200 Average exercise price, etc., for exercises during the first-quarter accounting period: ¥829.0 Funds raised through exercises during the first-quarter accounting period: ¥20.060 million」
During the first quarter, 242 stock acquisition rights were exercised, 24,200 shares were delivered and ¥20.060 million was raised. This does not indicate achievement of the previously established ordinary-income performance thresholds. - FY2018-Q2Increase in capital through the exercise of stock acquisition rights confirmedAnnual report
「During the cumulative period of the second quarter, the exercise of stock acquisition rights granted as stock options increased capital stock by ¥78 million and capital reserves by ¥78 million. At the end of the second quarter, capital stock was ¥1,146.969 million and capital surplus was ¥1,076.969 million.」
The exercise of stock acquisition rights increased capital stock and capital reserves by ¥78 million each. The filing does not indicate a relationship with achievement of the respective ordinary-income performance thresholds. - FY2017First statedAnnual report
「If ordinary income stated in the consolidated statements of income in the annual securities reports for the fiscal years ending February 2015 through February 2019, or in the statements of income where consolidated financial statements are not prepared, exceeds the prescribed levels below, each holder of stock acquisition rights may exercise, from the day following the filing date of the annual securities report for the fiscal year in which the relevant level was exceeded, up to the specified percentage of the stock acquisition rights allotted to that holder, referred to as the exercisable percentage. (i) Performance threshold: ordinary income of ¥300 million; exercisable percentage: 40% (ii) Performance threshold: ordinary income of ¥500 million; exercisable percentage: 70% (iii) Performance threshold: ordinary income of ¥1 billion; exercisable percentage: 90% (iv) Performance threshold: ordinary income of ¥1.5 billion; exercisable percentage: 100%」
For the fiscal years ending February 2015 through February 2019, stepped performance thresholds of ¥300 million, ¥500 million, ¥1 billion and ¥1.5 billion were set, together with the corresponding exercisable percentages.