Paid Stock Options Subject to Operating Profit and Share Price Conditions
First written in FY2017-Q1. 10 of 17 entries say "Advanced", first in FY2020. Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 10 companies on the "Worse" side.
4 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「The 28th Stock Acquisition Rights cover 1.34 million shares and have an exercise period from 9 February 2026 to 8 February 2029, with a share price of ¥500 or more as the exercise condition and less than ¥150 as the cancellation condition. The 29th Stock Acquisition Rights cover 2,163,000 shares and have an exercise period from 10 August 2026 to 9 August 2031, with a share price of ¥500 or more as the exercise condition and less than ¥150 as the cancellation condition.」
The Company newly established the 28th Stock Acquisition Rights for employees and others and, after the filing date, issued the 29th Stock Acquisition Rights. The number of underlying shares and the exercise periods for the paid stock options subject to share-price conditions increased. - 2026-04-23AdvancedShare Issuance and Disposal
「本新株予約権の行使条件価額として設定した 500 円は、当社グループが目指すべき企業価値及び時価総額を勘案した当面の目標株価であり、本新株予約権の行使不能価額となる株価として設定した 150 円は、当社が上場企業として最低限維持すべき企業価値及び時価総額を勘案した株価となっております。」
第29回新株予約権を44名に21,630個、対象株式数2,163,000株で発行する具体的な施策を開示した。行使期間は2026年8月10日から2031年8月9日までで、終値500円以上を行使条件、150円未満を消滅条件としている。 - FY2026-H1AdvancedAnnual report
「23rd Stock Acquisition Rights. Number of shares underlying the Stock Acquisition Rights: 1,565,000. Exercise period for the Stock Acquisition Rights: from 1 August 2025 to 31 December 2028. These Stock Acquisition Rights may be exercised only if the closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange reaches ¥662 or more at least once. If the price falls below ¥200 even once, the Stock Acquisition Rights will be cancelled.」
For the 23rd Stock Acquisition Rights, the Company set 1,565,000 underlying shares, an exercise period from August 2025 to December 2028, an exercise condition of a share price of ¥662 or more, and a cancellation condition below ¥200. For the 26th Stock Acquisition Rights, it set a share price of ¥1,000 or more as the exercise condition and less than ¥250 as the cancellation condition. - FY2024AdvancedAnnual report
「21st Stock Acquisition Rights. Number of shares underlying the Stock Acquisition Rights: 1,500,000. Exercise period for the Stock Acquisition Rights: from 14 February 2025 to 20 May 2029. The holders of these Stock Acquisition Rights may exercise them only if, during the exercise period, the closing price of the Company's common stock reaches ¥250 or more at least once. If, during the exercise period, the closing price of the Company's common stock falls below ¥70 even once, the Stock Acquisition Rights will be cancelled.」
The Company newly established the 21st Stock Acquisition Rights, resolved on 25 April 2024, covering 1.5 million shares and setting an exercise period from February 2025 to May 2029, an exercise condition of a share price of ¥250 or more, and a cancellation condition below ¥70. - FY2024-Q1AdvancedAnnual report
「20th Stock Acquisition Rights. Number of shares underlying the Stock Acquisition Rights: 1,440,000. Amount payable upon exercise of the Stock Acquisition Rights: ¥214. Exercise period for the Stock Acquisition Rights: from 1 November 2023 to 31 January 2027. The holders of these Stock Acquisition Rights may exercise them only if, during the exercise period, the closing price of the Company's common stock reaches ¥300 or more at least once. If, during the exercise period, the closing price of the Company's common stock falls below ¥100 even once, the Stock Acquisition Rights will be cancelled.」
The Company newly established the 20th paid stock options for directors and employees, setting 1.44 million underlying shares, an exercise period from November 2023 to January 2027, an exercise condition of a share price of ¥300 or more, and a cancellation condition below ¥100. - FY2023-Q3AdvancedAnnual report
「During the cumulative consolidated period under review, the Group's capital stock and capital surplus each increased by ¥697 million as a result of issuing new shares upon the partial exercise of paid stock options (Stock Acquisition Rights) issued to the Company's directors, employees and others as the 11th, 14th, 17th and 19th Stock Acquisition Rights.」
New shares were issued upon the partial exercise of paid stock options for directors, employees and others, increasing capital stock and capital surplus by ¥697 million each. - FY2023-Q1AdvancedAnnual report
「19th Stock Acquisition Rights. Number of shares underlying the Stock Acquisition Rights: 2,770,000. Exercise period for the Stock Acquisition Rights: from 16 May 2022 to 31 December 2025. ④ The holders of these Stock Acquisition Rights may exercise them only if, during the exercise period, the closing price of the Company's common stock reaches ¥500 or more at least once. ⑤ If, during the exercise period, the closing price of the Company's common stock falls below ¥100 even once, the Stock Acquisition Rights will be cancelled.」
For the 19th Stock Acquisition Rights, the Company disclosed 2.77 million underlying shares, an exercise period from 16 May 2022 to 31 December 2025, an exercise condition of a share price of ¥500 or more, and a cancellation condition below ¥100. - FY2022AdvancedAnnual report
「For the 17th Stock Acquisition Rights, 50,000 rights were exercised and 50,000 shares were issued.」
For the 17th Stock Acquisition Rights, 50,000 shares were exercised under the design resolved on 22 April 2021, with an exercise condition of a share price of ¥350 or more and cancellation below ¥53. The number of unexercised rights at the end of the period was 2,630,000. - FY2022-Q1AdvancedAnnual report
「Exercise period for these Stock Acquisition Rights: from 1 September 2021 to 31 March 2025. ④ The holders of these Stock Acquisition Rights may exercise them only if, during the exercise period, the closing price of the Company's common stock reaches ¥350 or more at least once. ⑤ If, during the exercise period, the closing price of the Company's common stock falls below ¥53 even once, the Stock Acquisition Rights will be cancelled.」
The Company newly established the 17th Stock Acquisition Rights, setting an exercise period from September 2021 to March 2025, an exercise condition of a share price of ¥350 or more, and a cancellation condition of less than ¥53. - FY2021RestatedAnnual report
「During the exercise period, a holder of the Stock Acquisition Rights may exercise them only if the closing trading price of the company's common shares reaches ¥150 or more at least once. ⑤ If the closing trading price of the company's common shares falls below ¥30 even once during the exercise period, the Stock Acquisition Rights will lapse.」
The Company has continued to disclose a share-price-linked design for the 14th Stock Acquisition Rights, with ¥150 or more as the exercise condition and less than ¥30 as the cancellation condition. - FY2020AdvancedAnnual report
「(4) Value of property contributed upon exercise of the Stock Acquisition Rights: ¥94 per share deliverable upon exercise of the Stock Acquisition Rights. (7) Exercise period of the Stock Acquisition Rights: 1 November 2020 to 31 March 2024. ④ During the exercise period, a holder of the Stock Acquisition Rights may exercise them only if the closing trading price of the company's common shares reaches ¥150 or more at least once. ⑤ If the closing trading price of the company's common shares falls below ¥30 even once during the exercise period, the Stock Acquisition Rights will lapse.」
The company newly resolved to issue stock-based compensation options under the Fourteenth Series Stock Acquisition Rights and disclosed a structure requiring a share price of at least ¥150 for exercise and providing for lapse if the price falls below ¥30. - FY2020-Q1RestatedAnnual report
「During the exercise period, a holder of the Stock Acquisition Rights may exercise them only if the closing trading price of the company's common shares reaches ¥700 or more at least once. ⑤ If the closing trading price of the company's common shares falls below ¥50 even once during the exercise period, the Stock Acquisition Rights will lapse.」
For the paid stock options resolved on 22 May 2019, the company continues to disclose the structure requiring a share price of at least ¥700 for exercise and providing for lapse if the price falls below ¥50. - FY2019ReframedAnnual report
「④ During the exercise period, a holder of the Stock Acquisition Rights may exercise them only if the closing trading price of the company's common shares reaches ¥700 or more at least once. ⑤ If the closing trading price of the company's common shares falls below ¥50 even once during the exercise period, the Stock Acquisition Rights will lapse.」
In addition to continuing to disclose the existing scheme requiring operating profit of more than ¥235 million and a share price of at least ¥321, the new stock-based compensation options are structured with a share price of at least ¥700 as the exercise condition and below ¥50 as the lapse condition. - FY2018RestatedAnnual report
「A holder of the Stock Acquisition Rights may exercise them only if operating profit exceeds ¥235 million in the income statement for the fiscal year ended March 2017 included in the securities report for that fiscal year, which the company will file in June 2017 under the Financial Instruments and Exchange Act.」
The company continues to disclose paid stock options subject to operating profit exceeding ¥235 million and a closing share price of at least ¥321. - FY2017RestatedAnnual report
「A holder of the Stock Acquisition Rights may exercise them only if operating profit exceeds ¥235 million in the income statement for the fiscal year ended March 2017 included in the securities report for that fiscal year, which the company will file in June 2017 under the Financial Instruments and Exchange Act.」
The company continues to disclose the conditions for paid stock options, including operating profit exceeding ¥235 million for the fiscal year ended March 2017 as an exercise condition. - FY2017-Q2RestatedAnnual report
「A holder of the stock acquisition rights may exercise them only if operating profit, the target metric, exceeds ¥235 million in the income statement for the fiscal year ended March 2017 included in the securities report for that fiscal year, which the company will file in June 2017 under the Financial Instruments and Exchange Act.」
The company continues to disclose the target for paid stock options, namely operating profit exceeding ¥235 million for the fiscal year ended March 2017 as an exercise condition. - FY2017-Q1First statedAnnual report
「A holder of the stock acquisition rights may exercise them only if operating profit, the target metric, exceeds ¥235 million, the target operating profit, in the income statement for the fiscal year ended March 2017 included in the securities report for that fiscal year, which the company plans to file in June 2017 under the Financial Instruments and Exchange Act.」
Operating profit exceeding ¥235 million for the fiscal year ended March 2017 is an exercise condition, along with a closing share price of at least ¥321.