New Performance-Linked Stock Options Subject to ¥15 Billion Game Business Segment Profit Target
First written in FY2023-Q2. 1 of 2 entries say "Reframed", first in FY2025-H1. Latest entry: FY2025-H1.
Akatsuki moved to the "Worse" side of this theme in 2024.
1 other company's latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「Holders of the share acquisition rights may exercise these share acquisition rights thereafter only if adjusted EBITDA calculated from the consolidated statements of income (or the statements of income if consolidated statements of income are not prepared) and the consolidated statements of cash flows (or the statements of cash flows if consolidated statements of cash flows are not prepared) meets the conditions set out in (a) through (c) below. (a) If adjusted EBITDA exceeds ¥12,000 million in any fiscal year from the fiscal year ending March 2027 through the fiscal year ending March 2029: exercisable percentage: 50% (b) If adjusted EBITDA exceeds ¥20,000 million in any fiscal year from the fiscal year ending March 2027 through the fiscal year ending March 2029: exercisable percentage: 75% (c) If adjusted EBITDA exceeds ¥30,000 million in any fiscal year from the fiscal year ending March 2027 through the fiscal year ending March 2029: exercisable percentage: 100%」
Separate from the existing scheme conditional on game segment profit of ¥15 billion, the company established tiered performance conditions for the fiscal years ending March 2027 through March 2029, with exercisable percentages of 50%, 75% and 100% corresponding to adjusted EBITDA exceeding ¥12 billion, ¥20 billion and ¥30 billion, respectively. - FY2023-Q2First statedAnnual report
「Holders of the share acquisition rights may exercise these share acquisition rights thereafter only if the aggregate segment profit of the game business in any fiscal year from the fiscal year ending March 2025 through the fiscal year ending March 2029, as stated in the reportable segments in the annual securities report, exceeds ¥15,000 million.」
For the new paid stock options, the company disclosed for the first time that achieving aggregate game segment profit of more than ¥15 billion in any fiscal year from the fiscal year ending March 2025 through the fiscal year ending March 2029 would be an exercise condition.