Performance-Based Stock Options
First written in FY2023. 2 of 4 entries say "Softened", first in FY2024-Q1. Latest entry: FY2025.
Es Networks moved to the "Worse" side of this theme in 2026, 4 years after the typical company in this theme (2022).
1 other company's latest entry also says "Softened".
- FY2025SoftenedAnnual report
「Expired 7,500」
Rights equivalent to 7,500 shares in the third series expired. The remaining third- and fourth-series rights totalled 370,000 shares. The exercise condition of ordinary profit exceeding ¥570 million and the exercise period through 31 March 2028 remain unchanged. - FY2024RestatedAnnual report
「A holder of the stock acquisition rights may exercise the rights granted if ordinary profit exceeds ¥570 million in any fiscal year from the fiscal year ending December 2022 through the fiscal year ending December 2026, as shown in the consolidated income statement or, if no consolidated income statement is prepared, the income statement.」
The condition for the third and fourth series remains ordinary profit exceeding ¥570 million in any fiscal year from the fiscal year ending December 2022 through the fiscal year ending December 2026. - FY2024-Q1SoftenedAnnual report
「The second series of stock acquisition rights expired because the rights became indeterminate.」
The second series of performance-conditioned stock acquisition rights expired. No change to the performance conditions for the third and fourth series was disclosed, so the overall theme has narrowed in scope. - FY2023First statedAnnual report
「A holder of the stock acquisition rights may exercise the rights granted if ordinary profit exceeds ¥570 million in any fiscal year from the fiscal year ending December 2022 through the fiscal year ending December 2026, as shown in the consolidated income statement or, if no consolidated income statement is prepared, the income statement.」
These are the performance conditions attached to the third and fourth series of stock acquisition rights granted in 2021. For the second series granted in 2018, the condition was operating profit exceeding ¥551 million in any fiscal year from 2019 through 2023.