Performance-Linked Stock Acquisition Rights
First written in FY2018-Q1. 6 of 11 entries say "Advanced", first in FY2022-Q2. Latest entry: FY2026.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
2 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「In the fiscal year ending June 2029, holders of the share acquisition rights may exercise the share acquisition rights allocated to them only if operating profit stated in the company's consolidated statement of profit or loss meets the level specified in (a) or (b) below. The number that may be exercised is limited to the applicable percentage specified in each item: (a) If operating profit exceeds ¥3,000 million: exercisable percentage 60% (b) If operating profit exceeds ¥4,000 million: exercisable percentage 100%」
After the previous performance-linked share acquisition rights had no balance remaining unexercised at the end of the period, a new scheme was established for the sixth series of share acquisition rights, with operating profit thresholds of ¥3,000 million and ¥4,000 million for the fiscal year ending June 2029 serving as staged exercise conditions. - FY2024AchievedAnnual report
「Exercised 454,800 3,361 Expired 8,100 3,477 Unexercised balance at period-end —」
Of the performance-linked fourth and fifth series of stock acquisition rights, 454,800 shares were exercised and 8,100 shares expired during the fiscal year, leaving no unexercised balance at period-end. - FY2024-Q2AdvancedAnnual report
「1 October 2023–31 December 2023 (Note) Increase resulting from the exercise of stock acquisition rights. 300 7,524,700」
During the second quarter, the total number of shares issued increased by 300 as a result of the exercise of stock acquisition rights, and the exercise of performance-linked stock acquisition rights continued. - FY2024-Q1AdvancedAnnual report
「1 July 2023–30 September 2023 (Note) Increase resulting from the exercise of stock acquisition rights.」
During the first quarter, the total number of shares issued increased by 300 as a result of the exercise of stock acquisition rights, and the exercise of performance-linked stock acquisition rights continued. - FY2023-Q2AdvancedAnnual report
「1 October 2022–31 December 2022 (Note) Increase resulting from the exercise of stock acquisition rights.」
From October through December 2022, the total number of shares issued increased by 20,100 as a result of the exercise of stock acquisition rights. - FY2023-Q1AdvancedAnnual report
「1 July 2022–30 September 2022 (Note) Increase resulting from the exercise of stock acquisition rights.」
During the first quarter, the total number of shares issued increased by 900 as a result of the exercise of stock acquisition rights. - FY2022AdvancedAnnual report
「Before vesting Beginning of period 478,500 3,367 Vested 14,250 3,477 Unvested balance at end of period 464,250 3,364 After vesting Beginning of period 9,600 3 Vested 14,250 3,477 Exercised 600 3,477 Unexercised balance at end of period 22,050 2,135」
Of the performance-linked fourth series of stock acquisition rights, 14,250 shares vested and 600 shares were exercised during the fiscal year. - FY2022-Q2AdvancedAnnual report
「1 October 2021–31 December 2021 (Note 1) Change in total number of shares issued and outstanding 600 shares (Note 1) The increase resulted from the exercise of share options.」
From October through December 2021, the total number of shares issued and outstanding increased by 600 shares as a result of the exercise of share options. This filing does not identify the status of achievement of the performance conditions or the exercisable percentage. - FY2022-Q1Disclosure of shares issued upon exercise of share optionsAnnual report
「Common shares 6,800,100 6,800,400 (Note) The number of shares issued as of the filing date does not include shares issued upon the exercise of share options from 1 November 2021 through the filing date of this quarterly report.」
Shows 6,800,100 shares outstanding at the end of the first quarter and 6,800,400 shares as of the filing date, stating that the latter figure excludes shares issued upon the exercise of share options after 1 November 2021. This filing does not identify the series of share options exercised or the status of achievement of the performance conditions. - FY2018RestatedAnnual report
「If operating profit in any fiscal year from the fiscal year ending June 2018 through the fiscal year ending June 2022 exceeds ¥1 billion, the exercisable percentage is 50%; if it exceeds ¥1.5 billion, the exercisable percentage is 100%.」
Reiterated the terms of the fourth and fifth series of share options, with operating profit of ¥1 billion and ¥1.5 billion as tiered exercise conditions. - FY2018-Q1First statedAnnual report
「Holders of the share options may exercise, beginning on the first day of the month following the date on which the securities report for the fiscal year in which the relevant performance target was achieved is filed, only if operating profit in any fiscal year from the fiscal year ending June 2018 through the fiscal year ending June 2022 meets the level specified in (a) or (b) below, and only up to the number of the share options allocated to each holder multiplied by the applicable percentage specified in the relevant item below (the “exercisable percentage”). (a) If operating profit exceeds ¥1 billion: exercisable percentage, 50%. (b) If operating profit exceeds ¥1.5 billion: exercisable percentage, 100%.」
The fourth series of share options had tiered exercise conditions tied to operating profit exceeding ¥1 billion or ¥1.5 billion in a fiscal year from the fiscal year ending June 2018 through the fiscal year ending June 2022.