Incentive Scheme for Enhancing Corporate Value over the Medium to Long Term Using a Stock Acquisition Rights Trust
First written in FY2022. 1 of 3 entries say "Advanced", first in FY2023-Q1. Latest entry: FY2023.
The whole theme swung hardest in 2023: 1 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Restated".
- FY2023RestatedAnnual report
「(i) If business revenue exceeds ¥1 billion: exercisable percentage 50% (ii) If business revenue exceeds ¥1.5 billion: exercisable percentage 100%」
The Company continues to describe an incentive structure using a stock acquisition rights trust to allocate rights to employees and others based on business revenue. - FY2023-Q1AdvancedAnnual report
「For the purpose of maintaining and improving employee motivation and providing incentives to enhance corporate value over the medium to long term, based on a proposal by Ueno Taro (上野太郎), the Company's Representative Director and President, the Company entered into an agreement with コタエル信託 to establish a market-value-issued stock acquisition rights trust. The Company serves as the trust administrator and holder of the right to designate beneficiaries, and introduced an incentive plan using the trust by issuing these stock acquisition rights to コタエル信託.」
The Company issued 8,000 Series 8 stock acquisition rights, representing 800,000 underlying shares, to a trust company in September 2022. The specific structure of the plan was described, under which 50% becomes exercisable when business revenue exceeds ¥1 billion and 100% when it exceeds ¥1.5 billion. - FY2022First statedAnnual report
「For the purpose of maintaining and improving employee motivation and providing incentives to enhance corporate value over the medium to long term, the Company entered into an agreement with コタエル信託 to establish a market-value-issued stock acquisition rights trust and」
The Company introduced a stock acquisition rights trust as a medium- to long-term incentive for employees, with business revenue exceeding ¥1 billion and ¥1.5 billion serving as exercise conditions.