Tiered performance conditions based on adjusted EBITDA of ¥3 billion to ¥5 billion
First written in FY2023-Q1. 1 of 4 entries say "Restated". Latest entry: FY2026.
31 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Operating profit: ¥2,204 million」
Adjusted EBITDA, based on operating profit, depreciation and amortization, goodwill amortization, share-based compensation expense and investment gains or losses under the equity method, was approximately ¥3.19 billion, reaching the first tiered threshold of more than ¥3 billion. - FY2025-H1ReframedAnnual report
「A holder of stock acquisition rights may exercise the stock acquisition rights granted to the holder, up to the percentage specified in each of the following items (a) through (e) (the "exercisable percentage"), if the Company's adjusted EBITDA meets the conditions specified in those items in any fiscal year from the fiscal year ending March 2025 through the fiscal year ending March 2027,」
The Company stated that the performance condition period for the Series 19 stock acquisition rights runs from the fiscal year ending March 2025 through the fiscal year ending March 2027, with tiered conditions based on adjusted EBITDA exceeding ¥3 billion to ¥5 billion. - FY2024-Q2RestatedAnnual report
「A holder of stock acquisition rights may exercise the stock acquisition rights granted to the holder, up to the percentage specified in each of the following items (a) through (e) (the "exercisable percentage"), if the Company's adjusted EBITDA meets the conditions specified in those items in any fiscal year from the fiscal year ending March 2024 through the fiscal year ending March 2027.」
For the Series 17 stock acquisition rights for employees, the Company has again established tiered exercise conditions based on adjusted EBITDA exceeding ¥3 billion to ¥5 billion for the fiscal years ending March 2024 through March 2027. - FY2023-Q1First statedAnnual report
「A holder of stock acquisition rights may exercise the stock acquisition rights granted to the holder, up to the percentage specified in each of the following items (a) through (e) (the "exercisable percentage"), if the Company's adjusted EBITDA meets the conditions specified in those items in any fiscal year from the fiscal year ending March 2023 through the fiscal year ending March 2027.」
For any fiscal year from the fiscal year ending March 2023 through the fiscal year ending March 2027, the Company set tiered conditions under which the stock acquisition rights may be exercised up to 50% if adjusted EBITDA exceeds ¥3 billion, 60% if it exceeds ¥3.5 billion, 70% if it exceeds ¥4 billion, 80% if it exceeds ¥4.5 billion and 100% if it exceeds ¥5 billion. Adjusted EBITDA is calculated by adding depreciation and amortization, goodwill amortization, share-based compensation expense and investment gains or losses under the equity method to operating profit.