Paid Stock Acquisition Rights for Directors Subject to ¥5.6 Billion in Operating Revenue
First written in FY2021. 4 of 10 entries say "Raised", first in FY2022-Q3. Latest entry: FY2026-H1.
9 other companies' latest entry also says "Raised".
- FY2026-H1RaisedAnnual report
「① Holders of the stock acquisition rights may exercise these stock acquisition rights only if sales stated in the Company's consolidated income statement exceed ¥16 billion at least once during the fiscal years ending August 2028 through August 2031. The consolidated income statement means the consolidated income statement reported or approved at the annual General Meeting of Shareholders relating to the applicable fiscal year. If the Company does not prepare consolidated income statements, it means the income statement. The same applies below.」
The 21st Series Stock Acquisition Rights establish an exercise condition requiring sales to exceed ¥16 billion in any fiscal year from the fiscal year ending August 2028 through the fiscal year ending August 2031. The target has been raised from the previous ¥15 billion condition, while the applicable period has been updated. - FY2025RestatedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights only if sales stated in the Company's consolidated income statement exceed ¥15 billion at least once during the fiscal years ending August 2027 through August 2030.」
The exercise condition for directors' stock acquisition rights, requiring sales to exceed ¥15 billion in any fiscal year from the fiscal year ending August 2027 through the fiscal year ending August 2030, continues to be described. - FY2025-H1RestatedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights only if sales stated in the Company's consolidated income statement exceed ¥15 billion at least once during the fiscal years ending August 2027 through August 2030.」
The previous exercise condition for the stock acquisition rights, requiring sales to exceed ¥15 billion in any fiscal year from the fiscal year ending August 2027 through the fiscal year ending August 2030, continues to be described. - FY2024RaisedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights only if sales stated in the Company's consolidated income statement exceed ¥15 billion at least once during the fiscal years ending August 2027 through August 2030.」
The 18th Series Stock Acquisition Rights for directors establish a higher-level condition, in addition to the previous conditions of ¥6.8 billion for the fiscal year ending August 2025, ¥7.2 billion for the fiscal year ending August 2026 and ¥7.6 billion for the fiscal year ending August 2027: sales must exceed ¥15 billion in any fiscal year from the fiscal year ending August 2027 through the fiscal year ending August 2030. - FY2023RestatedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights only if operating revenue stated in the Company's consolidated income statement exceeds ¥6.8 billion for the fiscal year ending August 2025, exceeds ¥7.2 billion for the fiscal year ending August 2026, or exceeds ¥7.6 billion for the fiscal year ending August 2027.」
The staged operating revenue conditions of ¥6.8 billion for the fiscal year ending August 2025, ¥7.2 billion for the fiscal year ending August 2026, and ¥7.6 billion for the fiscal year ending August 2027 continue to be described. No achievement results or new target levels are indicated. - FY2023-Q1RestatedAnnual report
「① Holders of the stock acquisition rights may exercise these stock acquisition rights only if operating revenue stated in the Company's consolidated income statement exceeds ¥6.8 billion for the fiscal year ending August 2025, exceeds ¥7.2 billion for the fiscal year ending August 2026, or exceeds ¥7.6 billion for the fiscal year ending August 2027.」
The same staged operating revenue conditions of ¥6.8 billion for the fiscal year ending August 2025, ¥7.2 billion for the fiscal year ending August 2026, and ¥7.6 billion for the fiscal year ending August 2027 are described. No achievement of the conditions or new target levels is indicated. - FY2022RaisedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights only if operating revenue stated in the Company's consolidated income statement exceeds ¥6.8 billion for the fiscal year ending August 2025, exceeds ¥7.2 billion for the fiscal year ending August 2026, or exceeds ¥7.6 billion for the fiscal year ending August 2027.」
The paid stock options issued in October 2022 establish operating revenue targets in stages: ¥6.8 billion for the fiscal year ending August 2025, ¥7.2 billion for the fiscal year ending August 2026, and ¥7.6 billion for the fiscal year ending August 2027. The applicable fiscal years and target range have been expanded from the previous single target of ¥6.8 billion. - FY2022-Q3RaisedAnnual report
「① Holders of the stock acquisition rights may exercise these stock acquisition rights only if operating revenue stated in the Company's income statement for the fiscal year ending August 2026 exceeds ¥6.8 billion. The income statement means the income statement reported or approved at the annual General Meeting of Shareholders relating to the applicable fiscal year. If the Company prepares consolidated income statements, it means the consolidated income statement.」
For the 12th Series Stock Acquisition Rights resolved on 18 April 2022, stock acquisition rights representing 500,000 underlying shares were granted to 1 director. The operating revenue target for exercise has been raised from the previous ¥5.6 billion to ¥6.8 billion, while the current condition applies to a single fiscal year, the fiscal year ending August 2026. - FY2022-Q1AdvancedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights only if operating revenue stated in the Company's income statement for either the fiscal year ending August 2024 or the fiscal year ending August 2025 exceeds ¥5.6 billion at least once. The income statement means the income statement reported or approved at the annual General Meeting of Shareholders relating to the applicable fiscal year. If the Company prepares consolidated income statements, it means the consolidated income statement.」
The disclosure states that, for the 11th Series Stock Acquisition Rights resolved on 20 October 2021 and issued on 5 November 2021, 5,000 rights were granted to 1 director, representing 500,000 underlying shares. The previous target of operating revenue exceeding ¥5.6 billion is stated as a specific condition of the stock acquisition rights issue. - FY2021First statedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights only if operating revenue stated in the Company's income statement for either the fiscal year ending August 2024 or the fiscal year ending August 2025 exceeds ¥5.6 billion at least once. If the Company prepares consolidated income statements, the consolidated income statement applies.」
The Company describes a policy of issuing paid stock options for directors, subject to operating revenue exceeding ¥5.6 billion in either the fiscal year ending August 2024 or the fiscal year ending August 2025.