Stock Option Conditions Linked to Cumulative Operating Profit
First written in FY2017. 1 of 3 entries say "Restated". Latest entry: FY2025-H1.
CHANGE Holdings moved to the "Worse" side of this theme in 2024.
0 other companies' latest entry also says "Reframed".
- FY2025-H1ReframedAnnual report
「(a) If consolidated profit before tax exceeds ¥18,000 million in any fiscal year from the fiscal year ending March 2027 through the fiscal year ending March 2028 Exercisable percentage: 50% (b) If consolidated profit before tax exceeds ¥23,000 million in any fiscal year from the fiscal year ending March 2027 through the fiscal year ending March 2028 Exercisable percentage: 100%」
For the newly issued stock options, the conditions have changed from the previous conditions based on cumulative operating profit to conditions based on consolidated profit before tax of ¥18,000 million and ¥23,000 million for the fiscal years ending March 2027 through March 2028. - FY2019RestatedAnnual report
「If the cumulative amount of the Company's operating profit for each fiscal year from the fiscal year ended September 2018 through the fiscal year ended September 2020 exceeds any of the amounts set out below, the holder of the stock acquisition rights may exercise the stock acquisition rights allocated to that holder, up to the percentage specified for each item, from the first day of the month following the date on which the securities report for the fiscal year in which the relevant cumulative operating profit was achieved is filed.」
The exercise conditions for stock acquisition rights continue to be stated based on cumulative operating profit of ¥1,000 million and ¥3,000 million. - FY2017First statedAnnual report
「If the cumulative amount of the Company's operating profit for each fiscal year from the fiscal year ended September 2018 through the fiscal year ended September 2020 exceeds any of the amounts set out below, the holder of the stock acquisition rights may exercise the stock acquisition rights allocated to that holder, up to the percentage specified for each item, from the first day of the month following the date on which the securities report for the fiscal year in which the relevant cumulative operating profit was achieved is filed. (a) If cumulative operating profit exceeds ¥1,000 million: exercisable percentage of 50%; (b) If cumulative operating profit exceeds ¥3,000 million: exercisable percentage of 100%.」
The stock option exercise conditions are based on cumulative operating profit of ¥1,000 million and ¥3,000 million from the fiscal year ended September 2018 through the fiscal year ended September 2020.