Achievement condition of cumulative ordinary profit exceeding ¥500 million set for performance-linked paid stock acquisition rights
First written in FY2018-Q1. 3 of 5 entries say "Restated". Latest entry: FY2021.
2 other companies' latest entry also says "Dropped".
- FY2021DroppedAnnual report
「Because the conditions for exercising the Series 2 and Series 3 stock acquisition rights were no longer met, the Company acquired them without consideration in accordance with the offering rules and cancelled all of them.」
The condition requiring cumulative adjusted ordinary profit of more than ¥500 million from the fiscal year ending October 2019 through the fiscal year ending October 2020 was no longer met, and all stock acquisition rights subject to that condition were cancelled. - FY2020RestatedAnnual report
「Stock acquisition rights holders may exercise the stock acquisition rights allocated to them only if the total amount, for each fiscal year from the fiscal year ending October 2019 through the fiscal year ending October 2020, of ordinary profit reported in the audited consolidated statements of income, adjusted for profit or loss attributable to non-controlling interests, exceeds ¥500 million.」
The exercise condition requiring cumulative adjusted ordinary profit of more than ¥500 million from the fiscal year ending October 2019 through the fiscal year ending October 2020 has been reconfirmed. - FY2018RestatedAnnual report
「Each holder of the stock acquisition rights may exercise the rights allocated to them only if the aggregate amount of ordinary profit in the company's audited consolidated statements of income for each fiscal year from the fiscal year ending October 2019 through the fiscal year ending October 2020, adjusted by adding or subtracting profit or loss attributable to non-controlling interests, exceeds ¥500 million.」
The exercise condition requiring cumulative adjusted ordinary profit of more than ¥500 million from the fiscal year ending October 2019 through the fiscal year ending October 2020 has been reconfirmed. - FY2018-Q2RestatedAnnual report
「Each holder of the stock acquisition rights may exercise the rights allocated to them only if the aggregate amount of ordinary profit in the company's audited consolidated statements of income for each fiscal year from the fiscal year ending October 2019 through the fiscal year ending October 2020, adjusted by adding or subtracting profit or loss attributable to non-controlling interests, exceeds ¥500 million.」
The exercise condition requiring cumulative adjusted ordinary profit of more than ¥500 million from the fiscal year ending October 2019 through the fiscal year ending October 2020 has been reconfirmed as an issuance condition for the stock acquisition rights. - FY2018-Q1First statedAnnual report
「The exercise of these stock acquisition rights is conditional on the achievement of predetermined performance targets. We recognize that achieving these targets will contribute to enhancing the company's corporate value and shareholder value. Each holder of the stock acquisition rights may exercise the rights allocated to them only if the aggregate amount of ordinary profit in the company's audited consolidated statements of income for each fiscal year from the fiscal year ending October 2019 through the fiscal year ending October 2020, adjusted by adding or subtracting profit or loss attributable to non-controlling interests, exceeds ¥500 million.」
The company explicitly stated for the first time that cumulative adjusted ordinary profit exceeding ¥500 million for the fiscal years ending October 2019 through October 2020 is a performance condition for exercising the stock acquisition rights.