Performance-linked targets of ¥5,000 million and ¥6,000 million in ordinary profit
First written in FY2018. 1 of 5 entries say "Advanced", first in FY2019-Q1. Latest entry: FY2021.
26 other companies' latest entry also says "Other".
- FY2021Second-stage threshold not met; rights lapsedAnnual report
「b. If ordinary profit for the fiscal year ending February 2021 is ¥6,000 million or more: 50% of the total number of these stock acquisition rights allotted to the holders of stock acquisition rights」
Ordinary profit for the fiscal year ending February 2021 was ¥2,797 million, below the second-stage threshold of ¥6,000 million or more. In addition, the balances of the Sixth through Eighth Series of Stock Acquisition Rights fell to zero following the lapse of the rights. - FY2020First-stage threshold not met for the fiscal year ending February 2020Annual report
「a. If ordinary profit for the fiscal year ending February 2020 is ¥5,000 million or more: 50% of the total number of these stock acquisition rights allotted to the holders of stock acquisition rights」
Although ordinary profit of ¥5,000 million or more was established as the first-stage condition for the stock acquisition rights, ordinary profit for the fiscal year was ¥3,755 million, below the stated threshold. - FY2019RestatedAnnual report
「a. If ordinary profit for the fiscal year ending February 2020 is ¥5,000 million or more: 50% of the total number of these stock acquisition rights allotted to the holders of stock acquisition rights b. If ordinary profit for the fiscal year ending February 2021 is ¥6,000 million or more: 50% of the total number of these stock acquisition rights allotted to the holders of stock acquisition rights」
The exercise conditions for the Fifth Series of Stock Acquisition Rights, based on ordinary profit of ¥5,000 million and ¥6,000 million, are restated. - FY2019-Q1AdvancedAnnual report
「Fifth Series of Stock Acquisition Rights: resolution date, 14 March 2018; number of stock acquisition rights, 36,000; number of shares underlying the stock acquisition rights, 3,600,000. If ordinary profit for the fiscal year ending February 2020 is ¥5,000 million or more, 50% of the total number of these stock acquisition rights allotted to the holders of stock acquisition rights will be exercisable; if ordinary profit for the fiscal year ending February 2021 is ¥6,000 million or more, the same 50% will be exercisable.」
The 36,000 Fifth Series of Stock Acquisition Rights, with ordinary profit thresholds of ¥5,000 million and ¥6,000 million as exercise conditions, were issued pursuant to the resolution of 14 March 2018. The target levels were specified as performance-linked exercise conditions. - FY2018First statedAnnual report
「a. If ordinary profit for the fiscal year ending February 2020 is ¥5,000 million or more: 50% of the total number of these stock acquisition rights allotted to the holders of stock acquisition rights b. If ordinary profit for the fiscal year ending February 2021 is ¥6,000 million or more: 50% of the total number of these stock acquisition rights allotted to the holders of stock acquisition rights」
Ordinary profit thresholds of ¥5,000 million and ¥6,000 million were established as exercise conditions for the performance-linked stock acquisition rights, based on ordinary profit for the fiscal years ending February 2020 and February 2021.