Medium- to Long-Term Performance- and Corporate Value-Linked Incentives Using Paid Stock Acquisition Rights
First written in FY2017-Q1. 10 of 19 entries say "Advanced", first in FY2017. Latest entry: FY2026.
Tokyo Base moved to the "Worse" side of this theme in 2020.
The whole theme swung hardest in 2020: 2 of 16 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Exercise of rights: 500,000” “11th Series of Stock Acquisition Rights... outstanding balance not yet finalized: 200,000” “Only if operating profit exceeds ¥3,000 million in the fiscal year ending January 2028」
While 500,000 shares’ worth of the 7th Series of Stock Acquisition Rights was exercised, 200,000 shares’ worth of the 11th Series of Stock Acquisition Rights for employees remains outstanding and unfinalized, with the condition of operating profit exceeding ¥3 billion in the fiscal year ending January 2028 still in effect. - 2026-03-17AdvancedRevision of earnings forecasts
「Proceeds from the issuance of shares through the exercise of stock acquisition rights 116,500」
Share issuance proceeds from the exercise of stock acquisition rights were recorded as financing during the fiscal year. - FY2025AdvancedAnnual report
「Series 10 Stock Acquisition Rights: Company directors 3」「Common shares 900,000」「Series 11 Stock Acquisition Rights: Company employees 23 people」「Common shares 250,000」「Only if operating profit exceeds ¥3,000 million in the fiscal year ending January 2028」
The company issued stock acquisition rights equivalent to 900,000 shares for directors, linked to the share price, and rights equivalent to 250,000 shares for employees subject to operating profit exceeding ¥3 billion in the fiscal year ending January 2028. - FY2025-H1AdvancedAnnual report
「Series 11 Stock Acquisition Rights (tax-qualified stock options for the Company's employees)」「Company employees: 23 people」「Class, details and number of shares underlying the Stock Acquisition Rights (shares)*: Common shares 250,000」「Holders may exercise the Stock Acquisition Rights only if, in the fiscal year ending January 2028, the final year of the current medium-term plan (FY24-FY28), operating profit exceeds the medium-term plan target of ¥3,000 million.」
Employee Stock Acquisition Rights equivalent to 250,000 shares were issued to 23 people, subject to operating profit exceeding ¥3,000 million in the fiscal year ending January 2028, the final year of the medium-term plan. - FY2024AdvancedAnnual report
「Series 7 Stock Acquisition Rights: Exercised 100,000; unexercised balance 1,900,000」「Series 9 Stock Acquisition Rights: Unexercised balance 2,000,000」
For the Stock Acquisition Rights for directors and subsidiary employees linked to performance and share price, 100,000 shares under the Series 7 were exercised, while unexercised balances of 1,900,000 shares under the Series 7 and 2,000,000 shares under the Series 9 were reported. - FY2023AdvancedAnnual report
「Vested: – 2,000,000」「Unexercised balance: 2,000,000 2,000,000」
The 2,000,000 shares equivalent to the Series 9 Stock Acquisition Rights approved on 6 April 2022 vested. Together with the 2,000,000 shares equivalent to the Series 7 Stock Acquisition Rights, the unexercised balance is equivalent to 4,000,000 shares. - FY2023-Q1AdvancedAnnual report
「The Stock Acquisition Rights issued under the Companies Act during the first quarter are as follows.」「Company directors: 2 people」「Employees of the Company's subsidiaries: 1 person」「Number of Stock Acquisition Rights (units)*: 20,000」「Class, details and number of shares underlying the Stock Acquisition Rights (shares)*: Common shares 2,000,000」
New equity-compensation Stock Acquisition Rights equivalent to 2,000,000 shares were actually issued to directors and subsidiary employees. - FY2021ReframedAnnual report
「Restricted stock compensation for directors, excluding directors who are Audit & Supervisory Committee Members and outside directors, is designed as an incentive reflecting short- and medium-term Company performance, with performance evaluated using consolidated operating profit」「Fixed compensation: approximately 80%」「Restricted stock compensation: approximately 20%」
In addition to the previous performance-linked Stock Acquisition Rights, restricted stock compensation using consolidated operating profit as the performance metric was introduced, reorganizing the executive incentive structure. - FY2021-Q1ReframedAnnual report
「Category and number of grantees: Directors 3」「Class, details and number of shares underlying the Stock Acquisition Rights (shares)*: Common shares 2,300,000」「If, at any time between the allotment date of these Stock Acquisition Rights and the end of the exercise period, the closing price of the Company's common shares in regular trading on a financial instruments exchange falls below a price equal to 30% of the exercise price, holders must exercise all remaining Stock Acquisition Rights at the exercise price by the expiration date of the exercise period.」
Unlike the previous operating-profit-linked structure, Stock Acquisition Rights equivalent to 2,300,000 shares incorporating a share-price condition were established for directors, restructuring the incentive program. - FY2020SoftenedAnnual report
「Fifth series of Stock Acquisition Rights: Expired 42,000; unconfirmed balance 606,000」「Sixth series of Stock Acquisition Rights: Expired 660,000; unconfirmed balance –」
Stock Acquisition Rights equivalent to 660,000 shares in the sixth series expired, and those equivalent to 42,000 shares in the fifth series also expired. The unconfirmed balance of the performance-linked incentive has decreased to the fifth series' equivalent of 606,000 shares. - FY2020-Q1Expiration of the sixth series of Stock Acquisition RightsAnnual report
「Summary of material changes since the end of the previous fiscal year in potential shares not included in the calculation of diluted quarterly net income per share because they had no dilutive effect」「Issuance of the sixth series of Stock Acquisition Rights (6,600 units, 660,000 common shares)」「Expiration of the sixth series of Stock Acquisition Rights (6,600 units, 660,000 common shares)」
The 6,600 units of the sixth series of Stock Acquisition Rights, equivalent to 660,000 shares, expired, eliminating the potential shares associated with the incentive. - FY2019Disclosure that the performance conditions for the sixth series of Stock Acquisition Rights were not metAnnual report
「Operating profit for the current fiscal year was ¥1,405.557 million.」「(a) If exceeding ¥2,284 million: exercisable percentage 50% (b) If exceeding ¥2,969 million: exercisable percentage 100%」
Operating profit for the current fiscal year was ¥1,405.557 million, against the performance conditions of ¥2,284 million and ¥2,969 million set for the sixth series of Stock Acquisition Rights. - FY2019-Q1RestatedAnnual report
「The Stock Acquisition Rights issued during the first quarter are as follows.」「Number of Stock Acquisition Rights (units): 6,600」「Number of shares underlying the Stock Acquisition Rights (shares): 660,000」「(a) If exceeding ¥2,284 million: exercisable percentage 50% (b) If exceeding ¥2,969 million: exercisable percentage 100%」
The conditions for the sixth series of Stock Acquisition Rights, comprising 6,600 units equivalent to 660,000 shares and linked to operating profit before amortization of goodwill of ¥2,284 million and ¥2,969 million for the fiscal year ending February 2019 or the fiscal year ending February 2020, have been restated. - FY2018AdvancedAnnual report
「If all of these Stock Acquisition Rights are exercised, the total increase in the Company's common shares will equal 1.40% of the total number of shares issued.」「(a) If exceeding ¥2,284 million: exercisable percentage 50% (b) If exceeding ¥2,969 million: exercisable percentage 100%」
The sixth series of paid Stock Acquisition Rights for directors was issued as 6,600 units equivalent to 660,000 shares, putting into implementation a program subject to operating profit before amortization of goodwill of ¥2,284 million and ¥2,969 million for the fiscal year ending February 2019 or the fiscal year ending February 2020. - FY2018-Q2AdvancedAnnual report
「The Stock Acquisition Rights issued during the second quarter are as follows.」「Number of Stock Acquisition Rights (units): 2,660」「Number of shares underlying the Stock Acquisition Rights (shares): 266,000」「If the Company's operating profit before amortization of goodwill exceeds any of the amounts specified below in any fiscal year from the fiscal year ended February 2018 through the fiscal year ended February 2020, holders may exercise, from the later of 1 October 2018 or the first day of the month following the month in which the securities report for the fiscal year in which the operating profit before amortization of goodwill was achieved is filed, up to the percentage specified for each amount out of the Stock Acquisition Rights allocated to each holder.」
The new paid Stock Acquisition Rights presented in the previous quarter were issued during the second quarter as 2,660 units equivalent to 266,000 shares. The profit-linked incentive program moved into implementation. - FY2018-Q1RaisedAnnual report
「(a) If operating profit before amortization of goodwill exceeds ¥2,000 million: exercisable percentage 25% (b) If operating profit before amortization of goodwill exceeds ¥2,400 million: exercisable percentage 50% (c) If operating profit before amortization of goodwill exceeds ¥2,800 million: exercisable percentage 75%」「If the Company's operating profit before amortization of goodwill exceeds ¥3,200 million in any fiscal year from the fiscal year ended February 2018 through the fiscal year ended February 2022, all Stock Acquisition Rights may be exercised.」
For the new paid Stock Acquisition Rights, stepped profit conditions of ¥2,000 million, ¥2,400 million, ¥2,800 million and ¥3,200 million were established, above the previous ¥1,000 million and ¥1,200 million thresholds, and the applicable period was extended through the fiscal year ended February 2022. - FY2017AdvancedAnnual report
「Operating profit for the current fiscal year was ¥1,290.824 million.」「(a) If exceeding ¥1,000 million: exercisable percentage: 50% (b) If exceeding ¥1,200 million: exercisable percentage: 100%」
Operating profit for the fiscal year ended February 2017 exceeded ¥1,200 million, surpassing the profit threshold set for the performance-linked Stock Acquisition Rights. - FY2017-Q2RestatedAnnual report
「Holders of these Stock Acquisition Rights may exercise them up to 50% if operating profit before amortization of goodwill for any fiscal year from the fiscal year ended February 2017 through the fiscal year ended February 2019 exceeds ¥1,000 million, and up to 100% if it exceeds ¥1,200 million.」
The applicable period and exercise conditions of ¥1,000 million and ¥1,200 million in operating profit before amortization of goodwill for the paid Stock Acquisition Rights have been restated, with no new changes to the conditions. - FY2017-Q1First statedAnnual report
「With the aim of expanding the Company's performance and increasing corporate value over the medium to long term, paid Stock Acquisition Rights are being issued to the Company's directors, Audit & Supervisory Board Members and employees to further increase their motivation and morale and strengthen the Company's unity. Holders of these Stock Acquisition Rights may exercise them up to 50% if operating profit before amortization of goodwill in the income statement for any fiscal year from the fiscal year ended February 2017 through the fiscal year ended February 2019 exceeds ¥1,000 million, and up to 100% if it exceeds ¥1,200 million.」
A total of 3,460 paid Stock Acquisition Rights equivalent to 346,000 shares were issued to directors, Audit & Supervisory Board Members and employees, with operating profit before amortization of goodwill exceeding ¥1,000 million and ¥1,200 million during the fiscal years ended February 2017 through February 2019 set as exercise conditions.