Performance targets based on ordinary profit of ¥500 million and ¥1 billion
First written in FY2016. 2 of 7 entries say "Achieved", first in FY2018. Latest entry: FY2024.
9 other companies' latest entry also says "Raised".
- FY2024RaisedAnnual report
「A holder of stock acquisition rights may exercise these stock acquisition rights only if the Company's ordinary profit exceeds ¥1.2 billion in either the fiscal year ending November 2026 or the fiscal year ending November 2027.」
For the 11th Series of Stock Acquisition Rights, the Company set a new performance target requiring ordinary profit of more than ¥1.2 billion in either the fiscal year ending November 2026 or the fiscal year ending November 2027 for exercise. This is above the previous ¥1 billion target. - FY2019AchievedAnnual report
「For the consolidated fiscal year, actual consolidated ordinary profit was ¥1,076,605 thousand against the target of ¥1,000,000 thousand. This was ¥76,605 thousand above the target, and the Fill Park business performed steadily.」
Consolidated ordinary profit for the fiscal year ended November 2019 exceeded the ¥1 billion target by ¥76,605 thousand. Going forward, consolidated operating profit will be used as the target metric. - FY2018AchievedAnnual report
「For the consolidated fiscal year, actual consolidated ordinary profit was ¥615,782 thousand against the target of ¥500,000 thousand. This was ¥115,782 thousand above the target, and the Fill Park business performed steadily.」
Consolidated ordinary profit of ¥615,782 thousand was achieved, exceeding the FY2018 target of ¥500 million by ¥115,782 thousand. The ¥1 billion target remains a future goal. - FY2018-Q1ReframedAnnual report
「(i) If ordinary profit exceeds ¥500 million in the fiscal year ended November 2018 and also exceeds ¥500 million in either the fiscal year ending November 2019 or the fiscal year ending November 2020: 50%; (ii) if ordinary profit exceeds ¥1 billion in any fiscal year from the fiscal year ending November 2019 through the fiscal year ending November 2021: 100%」
For the 2,700 newly issued stock acquisition rights, the conditions were changed so that 50% exercisability based on the ¥500 million target requires achievement in the fiscal year ended November 2018 as well as in either the fiscal year ending November 2019 or the fiscal year ending November 2020. The period applicable to the ¥1 billion target runs from the fiscal year ending November 2019 through the fiscal year ending November 2021. - FY2017RestatedAnnual report
「The Group will work to enhance corporate value, aiming to achieve consolidated ordinary profit of ¥1 billion as early as the fiscal year ending November 2019.」
Consistent with the conditions for the existing performance-linked stock acquisition rights, the Company explicitly set a consolidated ordinary profit target of ¥1 billion, with the fiscal year ending November 2019 as the earliest target period. - FY2017-Q1AdvancedAnnual report
「The stock acquisition rights issued during the first quarter accounting period are as follows. Number of stock acquisition rights: 2,330; number of shares underlying the stock acquisition rights: 233,000. Each holder of stock acquisition rights may exercise the stock acquisition rights allocated to that holder only if the Company's ordinary profit reaches the levels set out in (i) and (ii) below, and only up to the number corresponding to the percentage specified in each item.」
The Company newly issued 2,330 stock acquisition rights subject to performance conditions of 50% exercisability if ordinary profit exceeds ¥500 million and 100% if it exceeds ¥1 billion. - FY2016First statedAnnual report
「(i) If ordinary profit exceeds ¥500 million in any fiscal year from the fiscal year ended November 2018 through the fiscal year ending November 2020: 50%; (ii) if ordinary profit exceeds ¥1 billion in any fiscal year from the fiscal year ended November 2019 through the fiscal year ending November 2021: 100%」
For the performance-linked stock options, the exerciseable percentage was set at 50% if ordinary profit exceeds ¥500 million and 100% if it exceeds ¥1 billion.