Paid stock options subject to operating profit exceeding ¥540 million
First written in FY2017-Q3. 1 of 4 entries say "Raised", first in FY2018-Q3. Latest entry: FY2021.
The whole theme swung hardest in 2020: 2 of 16 companies on the "Worse" side.
12 other companies' latest entry also says "Other".
- FY2021Exercise conditions not met; rights expiredAnnual report
「Before vesting (shares) End of previous consolidated fiscal year 89,100 Expired 89,100 Remaining unvested —」
All 89,100 unvested shares underlying the 13th series of stock acquisition rights, subject to operating profit exceeding either ¥540 million or ¥901 million, expired, leaving no unvested balance. - FY2020Exercise conditions not metAnnual report
「Each holder of stock acquisition rights may exercise the stock acquisition rights allocated to that holder only if operating profit exceeds ¥540 million in the fiscal year ending February 2019 or ¥901 million in the fiscal year ending February 2020, as stated in the consolidated income statement included in the Company's securities report filed under the Financial Instruments and Exchange Act.」
Operating profit for the fiscal year ending February 2020 was ¥448.860 million, meaning that neither the ¥540 million condition for the fiscal year ending February 2019 nor the ¥901 million condition for the fiscal year ending February 2020 was exceeded. - FY2018-Q3RaisedAnnual report
「Each holder of stock acquisition rights may exercise the stock acquisition rights allocated to that holder only if operating profit exceeds ¥540 million in the fiscal year ending February 2019 or ¥901 million in the fiscal year ending February 2020, as stated in the consolidated income statement included in the Company's securities report filed under the Financial Instruments and Exchange Act.」
In addition to the existing framework requiring operating profit of more than ¥540 million, stock acquisition rights subject to the higher requirement of operating profit exceeding ¥901 million in the fiscal year ending February 2020 were established. - FY2017-Q3First statedAnnual report
「Each holder of stock acquisition rights may exercise the stock acquisition rights allocated to that holder only if operating profit for any fiscal year from the fiscal year ending February 2018 through the fiscal year ending February 2019 exceeds ¥540 million in the consolidated income statement included in the Company's securities report filed under the Financial Instruments and Exchange Act.」
For the paid stock options approved on 14 November 2016, achieving operating profit of more than ¥540 million in any fiscal year from the fiscal year ending February 2018 through the fiscal year ending February 2019 was set as an exercise condition. The number of stock acquisition rights was 615, covering 61,500 shares.