Issuance of Stock Acquisition Rights Subject to Ordinary Profit Levels
First written in FY2018-Q1. 1 of 4 entries say "Softened", first in FY2018. Latest entry: FY2023.
20 other companies' latest entry also says "Dropped".
- FY2023DroppedAnnual reportThe FY2023 annual securities report contains no applicable disclosure regarding the exercise conditions for the sixth series of share options based on ordinary profit thresholds of ¥1 billion and ¥1.7 billion.
- FY2019RestatedAnnual report
「If, in any fiscal year from the fiscal year ending September 2019 through the fiscal year ending September 2020, ordinary profit in the income statement stated in the Company's annual securities report, or in the consolidated income statement if consolidated income statements are prepared, exceeds any of the amounts below」
The exercise conditions for the sixth series of share options, based on ordinary profit thresholds of ¥1 billion and ¥1.7 billion, and the applicable period from the fiscal year ending September 2019 through the fiscal year ending September 2020 continue to be disclosed. - FY2018SoftenedAnnual report
「If, in any fiscal year from the fiscal year ending September 2019 through the fiscal year ending September 2020, ordinary profit in the income statement stated in the Company's annual securities report, or in the consolidated income statement if consolidated income statements are prepared, exceeds any of the amounts below」
The applicable period was clarified from the previously stated period from the fiscal year ending September 2018 through the fiscal year ending September 2020 to the fiscal year ending September 2019 through the fiscal year ending September 2020, excluding FY2018. The step-up thresholds of ¥1 billion and ¥1.7 billion in ordinary profit remain unchanged. - FY2018-Q1First statedAnnual report
「If, in any fiscal year from the fiscal year ending September 2018 through the fiscal year ending September 2020, ordinary profit in the income statement stated in the Company's annual securities report, or in the consolidated income statement if consolidated income statements are prepared, exceeds any of the amounts below, the holders of the share options may exercise the share options allocated to them from the first day of the month following the filing date of the annual securities report for the fiscal year in which the relevant ordinary profit level is first achieved, up to the percentage specified for each item: (a) if ordinary profit exceeds ¥1 billion, exercisable percentage: 50%; (b) if ordinary profit exceeds ¥1.7 billion, exercisable percentage: 100%.」
The Company issued the sixth series of share options and set conditions under which the exercisable percentage would be 50% or 100%, depending on ordinary profit levels from the fiscal year ending September 2018 through the fiscal year ending September 2020.