Stock Acquisition Rights Linked to Operating Profit Levels
First written in FY2021. 3 of 5 entries say "Advanced", first in FY2022-Q1. Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 16 companies on the "Worse" side.
7 other companies' latest entry also says "Achieved".
- FY2026AchievedAnnual report
「Operating profit was ¥8,869 million, up 11.4% year on year, as higher sales and other factors absorbed cost increases, including higher wages resulting from improved employee compensation and higher unit prices paid to partner companies in the automotive business.」
The condition provided for a 100% exercise ratio if operating profit exceeded ¥8.0 billion in any fiscal year from the fiscal year ended March 2022 through the fiscal year ending March 2026. Operating profit for the fiscal year ended March 2026 was ¥8.869 billion, satisfying the condition. - FY2024-Q1AdvancedAnnual report
「1 April 2023– 30 June 2023 (Note) 22,000 128,582,700 2,301 1,572,942 2,301 965,628 (Note) Increase resulting from the exercise of stock acquisition rights.」
For the stock acquisition rights linked to the level of operating profit, 22,000 shares were issued through exercises during the first quarter, increasing the number of shares issued, share capital and the capital reserve. - FY2023-Q3AdvancedAnnual report
「2. From 1 January 2023 through 31 January 2023, the exercise of stock acquisition rights increased the total number of shares issued by 12,000 shares and increased share capital and the capital reserve by ¥753 thousand each.」
The exercise of stock acquisition rights linked to the level of operating profit progressed in January 2023, resulting in the issuance of 12,000 shares. - FY2022-Q1AdvancedAnnual report
「The stock acquisition rights issued during the first quarter accounting period under review were as follows. Number of stock acquisition rights (units) * 5,731 Class, details and number of shares underlying the stock acquisition rights (shares) * (Note) 1 Common shares 573,100 Exercise period of the stock acquisition rights * From 1 July 2023 To 15 October 2026」
Of the stock acquisition rights linked to operating profit that were established in the previous fiscal year, 5,731 rights, corresponding to 573,100 common shares, were issued. The exercise period is from 1 July 2023 to 15 October 2026. - FY2021First statedAnnual report
「If the company’s operating profit exceeds ¥7.0 billion in any fiscal year from the fiscal year ended March 2022 through the fiscal year ending March 2026: exercise ratio of 50%; if the company’s operating profit exceeds ¥8.0 billion in any fiscal year from the fiscal year ended March 2022 through the fiscal year ending March 2026: exercise ratio of 100%.」
The company has established conditions under which the exercise ratio of the stock acquisition rights will be 50% or 100%, depending on the level of operating profit from the fiscal year ended March 2022 through the fiscal year ending March 2026.