Executive Incentives Through Stock Options Conditional on ¥500 Billion Market Capitalization
First written in FY2021. 3 of 5 entries say "Restated". Latest entry: FY2026.
1 other company's latest entry also says "Dropped".
- FY2026DroppedAnnual report
「The market-capitalization-based stock options were discontinued subject to approval of amendments to the trust-type stock compensation scheme at the 21st Annual General Meeting of Shareholders held on 29 September 2025, and no new stock acquisition rights will be granted thereafter.」
The stock options subject to the ¥500 billion market-capitalization condition were discontinued, and no new grants will be made thereafter. - FY2025RestatedAnnual report
「A holder of stock acquisition rights may exercise the rights only from the day after the conditions have been met, provided that, during a specified consecutive period of 5 business days within 7 years of the allotment date, the Company’s market capitalization on each of those 5 consecutive business days exceeds ¥500 billion.」
The exercise condition requiring market capitalization to exceed ¥500 billion on 5 consecutive business days within 7 years is restated. There is no disclosure that the condition has been met. - FY2024RestatedAnnual report
「A holder of stock acquisition rights may exercise the rights only from the day after the conditions have been met, provided that, during a specified consecutive period of 5 business days within 7 years of the allotment date, the Company’s market capitalization on each of those 5 consecutive business days exceeds ¥500 billion.」
The exercise condition requiring market capitalization to exceed ¥500 billion on 5 consecutive business days within 7 years is restated. There is no disclosure that the condition has been met. - FY2023RestatedAnnual report
「A holder of stock acquisition rights may exercise the rights only from the day after the conditions have been met, provided that, during a specified consecutive period of 5 business days within 7 years of the allotment date, the Company’s market capitalization on each of those 5 consecutive business days exceeds ¥500 billion.」
The stock option scheme remains subject to the condition that market capitalization exceed ¥500 billion on 5 consecutive business days within 7 years. There is no disclosure that the condition has been met. - FY2021First statedAnnual report
「At the 17th Annual General Meeting of Shareholders held on 28 September 2021, the Company introduced market-capitalization-based stock options, in addition to its existing stock-based compensation options, to provide greater incentives for increasing market capitalization in the future. The total number of stock acquisition rights to be issued within 1 year of the date of this Annual General Meeting of Shareholders is limited to 20,000. A holder of stock acquisition rights may exercise the rights only from the day after the conditions have been met, provided that, during a specified consecutive period of 5 business days within 7 years of the allotment date, the Company’s market capitalization on each of those 5 consecutive business days exceeds ¥500 billion, excluding days on which regular trading in the Company’s common shares does not take place.」
The Company introduced a scheme under which up to 20,000 stock acquisition rights may be issued as an incentive to increase future market capitalization, with exercise conditional on the market capitalization exceeding ¥500 billion on 5 consecutive business days within 7 years of the allotment date. Following satisfaction of the condition, exercise is limited to 50% of the total allotment during the 1-year period from the achievement date and to 100% thereafter.