Incentives for Officers and Employees Through Performance-Conditioned Paid Stock Options
First written in FY2017-Q1. 8 of 11 entries say "Advanced", first in FY2017-Q2. Latest entry: FY2020.
The whole theme swung hardest in 2020: 2 of 16 companies on the "Worse" side.
7 other companies' latest entry also says "Achieved".
- FY2020AchievedAnnual report
「The exercise period for the stock acquisition rights associated with the 2016 stock options ended on 31 August 2019.」
The performance-based stock options reached the end of their exercise period after 53,100 shares were exercised, 12,000 shares lapsed, and no shares remained outstanding and unexercised. - FY2020-Q2AdvancedAnnual report
「Proceeds from the issuance of shares through the exercise of stock acquisition rights: ¥35.309 million」
The company discloses proceeds from the issuance of shares upon the exercise of performance-based stock acquisition rights for the cumulative second-quarter period. - FY2020-Q1AdvancedAnnual report
「1 June 2019–31 August 2019 (Note) 53,100 5,887,385 17,947 586,887 17,947 472,387 (Note) Increase through the exercise of stock acquisition rights.」
Through the exercise of performance-based stock acquisition rights, the number of shares increased by 53,100 during the cumulative first-quarter period, while capital stock and capital surplus each increased by ¥17.947 million. - FY2019AdvancedAnnual report
「After exercise 41,400 Lapsed 2,500 Outstanding and unexercised 65,100」
Of the 2016 performance-based stock options, 41,400 shares were exercised after vesting, leaving 65,100 shares outstanding and unexercised. - FY2019-Q3AdvancedAnnual report
「1 December 2018–28 February 2019 (Note 1) 2,500 5,813,885 845 562,044 845 447,544 (Note) 1. Increase through the exercise of stock acquisition rights. 2. Between 1 March 2019 and 31 March 2019, the total number of shares issued increased by 7,500 through the exercise of stock acquisition rights, while capital stock and capital surplus each increased by ¥2.535 million.」
Through the exercise of performance-based stock acquisition rights, the number of shares increased by 2,500 during the cumulative third-quarter period and by a further 7,500 in March 2019 before the filing date. - FY2019-Q2AdvancedAnnual report
「1 September 2018–30 November 2018 (Note 2) 18,500 5,811,385 6,253 561,199 6,253 446,699」
The number of shares increased by 18,500 during the cumulative second-quarter period through the exercise of performance-based stock acquisition rights. The company also disclosed that 2,500 rights were exercised in December 2018. - FY2019-Q1AdvancedAnnual report
「Between 1 September 2018 and 30 September 2018, the total number of shares issued increased by 15,500 through the exercise of stock acquisition rights, while capital stock and capital surplus each increased by ¥5.239 million.」
During September 2018, after the end of the quarter, 15,500 shares were issued through the exercise of the existing performance-based stock acquisition rights. - FY2018AdvancedAnnual report
「Operating profit for the consolidated fiscal year was ¥777.228 million, up 44.3% year on year.」
Consolidated operating profit for the fiscal year ended May 2018 was ¥777.228 million, exceeding the ¥530 million threshold for full exercise of the stock options. The exercise period ran from 1 September 2018 to 31 August 2019. - FY2017RestatedAnnual report
「Second Series of Stock Acquisition Rights」
The performance-based paid stock options continue to cover 109,000 shares, with consolidated operating profit of ¥500 million, ¥515 million and ¥530 million for the fiscal year ending May 2018 serving as tiered exercise conditions. - FY2017-Q2AdvancedAnnual report
「Stock acquisition rights issued during the second-quarter accounting period were as follows.」
The company states that stock acquisition rights were issued during the second quarter. The issue comprised 1,090 rights covering 109,000 underlying shares, with tiered exercise conditions based on consolidated operating profit of ¥500 million, ¥515 million and ¥530 million for the fiscal year ending May 2018, and an exercise period from 1 September 2018 to 31 August 2019. - FY2017-Q1First statedAnnual report
「The company will issue stock acquisition rights for consideration to its directors, excluding outside directors, and employees in order to strengthen unity within the Group, further increase the motivation and morale of its directors and employees to improve performance, and contribute to increasing corporate value. (i) If consolidated operating profit reaches ¥500 million or more: exercisable percentage: 50% (ii) If consolidated operating profit reaches ¥515 million or more: exercisable percentage: 70% (iii) If consolidated operating profit reaches ¥530 million or more: exercisable percentage: 100%」
The company issued 1,105 stock acquisition rights to 5 directors and 52 employees, with consolidated operating profit of ¥500 million, ¥515 million and ¥530 million for the fiscal year ending May 2018 serving as tiered exercise conditions. The exercise period ran from 1 September 2018 to 31 August 2019, and the increase in the number of shares upon full exercise was approximately 1.98% of the total shares issued.