Performance-Linked Incentives through Stock Acquisition Rights Subject to Operating Profit and Market Capitalization Conditions
First written in FY2026-H1. . Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 10 companies on the "Worse" side.
3 other companies' latest entry also says "Other".
- FY2026Expiry of stock acquisition rights and update of unvested balanceAnnual report
「8th and 9th Stock Acquisition Rights (paid stock options): Before vesting (shares); Granted: 2,317,800; Expired: 21,100; Vested: —; Outstanding unvested: 2,296,700」
Of the stock acquisition rights granted in FY2026-H1, rights representing 21,100 shares expired, leaving 2,296,700 shares outstanding and unvested. - FY2026-H1First statedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights thereafter only if, for the fiscal year ending February 2028, operating profit stated in the Company's consolidated statement of income, or statement of income if the Company does not prepare consolidated financial statements, exceeds ¥1,000 million and the performance achievement conditions for the business assigned to the relevant holder, as specified in the allocation agreement entered into between the holder and the Company, are satisfied. In addition to the condition above, directors of the Company and its subsidiaries may exercise these stock acquisition rights only if, during the period from the allocation date of the stock acquisition rights through the end of May 2028, the average market capitalization for any 1-month period, comprising 21 trading days including the relevant date, exceeds ¥10 billion at least once.」
The stock acquisition rights approved on 24 June 2025 were granted to 3 directors of the Company, 12 employees, 4 subsidiary directors and 13 subsidiary employees. A total of 23,178 stock acquisition rights, representing 2,317,800 underlying shares, were granted, with an exercise period from 1 June 2028 through 31 July 2040. The conditions require operating profit of more than ¥1,000 million and achievement of performance targets for the assigned business. For directors, the conditions also include market capitalization of more than ¥10 billion.