Komori
Kitabo (3409) · TargetStock acquisition rights lapsed because the sales target was not achieved

Conditions for achieving sales of more than ¥800 million in the fiscal year ending March 2022

First written in FY2021-Q3. 1 of 3 entries say "Restated". Latest entry: FY2022.

3entries
2years
0from disclosures
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How it moved
ProgressHeldSoftenedWorseFirst statedFY2021-Q3 – FY20222021: 220212022: 12022
Same theme, other companies
Revenue-target-linked stock optionsA theme 6 companies write about · 0 as a headwind · 6 as a tailwind

0 other companies' latest entry also says "Other".

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Full recordFilings, disclosures and news, newest first
  1. FY2022Stock acquisition rights lapsed because the sales target was not achievedAnnual report

    「① If the Company's sales exceed ¥800 million in the fiscal year ending March 2022, the rights may be exercised. The businesses subject to assessment are the spinning, textile and healthcare businesses and other existing businesses on a non-consolidated basis, excluding sales from new businesses resulting from M&A and similar transactions. / Before vesting (shares): 253,000 at the end of the previous consolidated fiscal year; lapsed: 253,000; unvested balance: —」

    The 253,000 shares underlying stock acquisition rights subject to the condition of sales exceeding ¥800 million from existing businesses on a non-consolidated basis in the fiscal year ending March 2022 lapsed before vesting. The filing company's sales were ¥716.291 million.
  2. FY2021RestatedAnnual report

    「The rights may be exercised if the Company's sales exceed ¥800 million in the fiscal year ending March 2022.」

    The target for the performance-linked stock acquisition rights, conditioned on sales exceeding ¥800 million in the fiscal year ending March 2022, remains in place.
  3. FY2021-Q3First statedAnnual report

    「The holders of the stock acquisition rights may exercise them if, in the fiscal year ending March 2022, the Company's sales exceed ¥800 million. The businesses subject to assessment are the spinning, textile and healthcare businesses and other existing businesses on a non-consolidated basis, excluding sales from new businesses resulting from M&A and similar transactions.」

    The exercise condition for the performance-linked stock acquisition rights was first expressly stated as sales exceeding ¥800 million in the subject businesses for the fiscal year ending March 2022.
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Kitabo's next results are scheduled for 2026-11-13. Read the earnings preview
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