Management Incentive Through Performance- and Share Price-Linked Stock Acquisition Rights
First written in FY2016. 14 of 21 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2025.
28 other companies' latest entry also says "Achieved".
- FY2025AchievedAnnual report
「The decrease in paid stock acquisition rights granted in August 2015 comprised a decrease of 70,000 shares due to exercise and a decrease of 200,000 shares due to expiration.」
Of the paid performance-based stock acquisition rights granted in August 2015, 70,000 shares were exercised and 200,000 shares expired, leaving no rights unexercised. - FY2024AdvancedAnnual report
「The decrease in paid stock acquisition rights granted in August 2015 resulted from the exercise of rights.」
Of the paid performance-based stock acquisition rights granted in August 2015, 50,000 shares were exercised during the fiscal year, reducing the unexercised balance from 320,000 shares to 270,000 shares. - FY2024-Q2AdvancedAnnual report
「1 January 2024–31 March 2024 43,400 10,354,500 36 1,890 36 1,920 (Note) The increase resulted from the exercise of stock acquisition rights (stock options).」
During the second-quarter accounting period, the exercise of stock acquisition rights increased issued shares by 43,400 and increased capital and capital surplus by ¥36 million each. - FY2023AdvancedAnnual report
「1 October 2022–30 September 2023 6,500 10,311,100 6 1,854 6 1,884」
During the fiscal year, the exercise of stock acquisition rights increased issued shares by 6,500 and increased capital and capital surplus by ¥6 million each. - FY2023-Q2AdvancedAnnual report
「1 January 2023–31 March 2023 1,000 10,305,600 0 1,848 0 1,878 (Note) The increase resulted from the exercise of stock acquisition rights (stock options).」
During the second-quarter accounting period, stock acquisition rights were exercised, increasing issued shares by 1,000. - FY2023-Q1AdvancedAnnual report
「Common shares 10,304,600 10,305,600 Tokyo Stock Exchange Prime Market (Note) “Number issued as of the filing date” does not include shares issued through the exercise of stock acquisition rights from 1 February 2023 through the date of submission of the quarterly report.」
Issued shares totaled 10,304,600 at the end of the quarter and 10,305,600 as of the filing date. The note addresses the treatment of shares issued through the exercise of stock acquisition rights, indicating that exercise has progressed. - FY2022AdvancedAnnual report
「During the fiscal year, 10,000 shares under the paid stock acquisition rights issued pursuant to the resolution of the Board of Directors dated 31 July 2015 were exercised, leaving 320,000 shares unexercised at fiscal year-end.」
Exercise of the paid performance-based stock acquisition rights progressed, with 10,000 shares exercised during the year and 320,000 shares remaining unexercised. - FY2021AdvancedAnnual report
「The decrease in paid stock acquisition rights granted in August 2015 resulted from the exercise of rights.」
Of the paid performance-based stock acquisition rights granted in August 2015, 30,000 shares were exercised during the fiscal year, leaving 330,000 shares unexercised. - FY2021-Q2AdvancedAnnual report
「1 January 2021–31 March 2021 5,000 10,264,600 1 1,815 1 1,845 (Note) The increase resulted from the exercise of stock acquisition rights (stock options).」
During the second-quarter accounting period, stock acquisition rights were exercised, increasing issued shares by 5,000 and increasing capital and capital surplus by ¥1 million each. - FY2021-Q1AdvancedAnnual report
「1 October 2020–31 December 2020 2,400 10,259,600 1 1,813 1 1,843 (Note) The increase resulted from the exercise of stock acquisition rights (stock options).」
During the first-quarter accounting period, stock acquisition rights were exercised, increasing issued shares by 2,400 and increasing capital and capital surplus by ¥1 million each. - FY2020AchievedAnnual report
「The decrease in paid stock acquisition rights granted in August 2016 resulted from forfeiture or expiration.」
The 250,000 paid performance-based stock acquisition rights granted in February 2017 fell to zero outstanding following forfeiture or expiration, and a gain on reversal of stock acquisition rights of ¥6 million was recorded. - FY2020-Q3Forfeiture of performance-based stock acquisition rightsAnnual report
「With respect to the paid stock acquisition rights issued pursuant to the resolution of the Board of Directors dated 6 February 2017, 2 representative directors and 4 executive officers forfeited their rights relating to a total of 240,000 shares in light of third-quarter performance. As a result, a gain on reversal of stock acquisition rights of ¥6 million was recorded as extraordinary income.」
2 representative directors and 4 executive officers forfeited paid stock acquisition rights relating to a total of 240,000 shares based on performance. A gain on reversal of stock acquisition rights of ¥6 million was recorded in connection with the forfeiture. - FY2020-Q2AdvancedAnnual report
「1 January 2020–31 March 2020 800 10,233,200 0 1,794 0 1,824 (Note) The increase resulted from the exercise of stock acquisition rights (stock options).」
During the second-quarter accounting period, stock acquisition rights were exercised, increasing issued shares by 800. - FY2020-Q1AdvancedAnnual report
「1 October 2019–31 December 2019 3,000 10,232,400 1 1,823 1 1,824 (Note) The increase resulted from the exercise of stock acquisition rights (stock options).」
During the first-quarter accounting period, stock acquisition rights were exercised, increasing issued shares by 3,000 and increasing capital and capital surplus by ¥1 million each. - FY2019AdvancedAnnual report
「Exercise of rights 1,000 3,400 22,400 － 19,500 20,000 －」
During the fiscal year, exercise of stock acquisition rights, including paid performance-based stock acquisition rights, progressed, with 20,000 shares exercised under the paid rights granted for the fiscal year ending September 2015. - FY2019-Q3AdvancedAnnual report
「1 April 2019–30 June 2019 30,400 10,216,000 16 1,783 16 1,813 (Note) The increase resulted from the exercise of stock acquisition rights (stock options).」
During the third-quarter accounting period, performance-based stock acquisition rights were exercised, increasing issued shares by 30,400 and increasing capital and capital surplus by ¥16 million each. - FY2018AchievedAnnual report
「If cumulative net income for the fiscal years ending September 2016 through September 2018 exceeds each of the amounts listed in (a) through (c) below, holders may exercise the prescribed percentage of the stock acquisition rights allocated to them (the “exercisable percentage”).」
Total net income for the fiscal years ending September 2016 through September 2018 was ¥4,757 million, meeting the condition for 100% exercise upon exceeding ¥3,700 million. Net income also exceeded ¥1,000 million in each fiscal year. - FY2017RestatedAnnual report
「If cumulative net income for the fiscal years ending September 2018 through September 2020 exceeds ¥5,850 million, each holder may exercise the stock acquisition rights allocated to them. However, the stock acquisition rights may not be exercised if net income for any fiscal year from the fiscal year ending September 2018 through the fiscal year ending September 2020 is ¥1,500 million or less.」
For the performance-based stock acquisition rights resolved in February 2017, the conditions requiring cumulative net income of more than ¥5,850 million and net income of more than ¥1,500 million in each fiscal year continue to be disclosed. - FY2017-Q2AdvancedAnnual report
「If cumulative net income for the fiscal years ending September 2018 through September 2020 exceeds ¥5,850 million, each holder may exercise the stock acquisition rights allocated to them. However, the stock acquisition rights may not be exercised if net income for any fiscal year from the fiscal year ending September 2018 through the fiscal year ending September 2020 is ¥1,500 million or less.」
For the performance-based stock acquisition rights resolved in the first quarter, 2,500 rights representing 250,000 shares were issued during the second quarter. The terms requiring cumulative net income of more than ¥5,850 million and prohibiting exercise if any fiscal year's net income is ¥1,500 million or less are restated. - FY2017-Q1ReframedAnnual report
「To further increase motivation and morale and strengthen cohesion within the company as it seeks to expand its performance and increase corporate value over the medium to long term, paid stock acquisition rights are being issued to the company's internal directors and employees (department managers). If cumulative net income for the fiscal years ending September 2018 through September 2020 exceeds ¥5,850 million, each holder may exercise the stock acquisition rights allocated to them. However, the stock acquisition rights may not be exercised if net income for any fiscal year from the fiscal year ending September 2018 through the fiscal year ending September 2020 is ¥1,500 million or less.」
Separate from the existing performance-based stock acquisition rights, the company resolved to issue paid stock acquisition rights to 2 internal directors and 5 employees. The new terms require cumulative net income of more than ¥5,850 million for the fiscal years ending September 2018 through September 2020, with exercise prohibited if net income is ¥1,500 million or less in any fiscal year. - FY2016First statedAnnual report
「If cumulative net income for the fiscal years ending September 2016 through September 2018 exceeds each of the amounts listed in (a) through (c) below, holders of the stock acquisition rights may exercise the prescribed percentage of the stock acquisition rights allocated to them. (a) If cumulative net income exceeds ¥3,500 million: exercisable percentage, 50%; (b) if cumulative net income exceeds ¥3,600 million: exercisable percentage, 75%; (c) if cumulative net income exceeds ¥3,700 million: exercisable percentage, 100%.」
Performance-based stock acquisition rights with exercisable percentages of 50%, 75% and 100% have been established based on cumulative net income for the fiscal years ending September 2016 through September 2018. Exercise restrictions if the share price falls below ¥680 are also described.