Staged ordinary profit targets
First written in FY2016. 2 of 11 entries say "Restated". Latest entry: FY2024.
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- FY2024Performance conditions confirmed unmet; stock acquisition rights expiredAnnual report
「With the consolidated financial results for the fiscal year finalised, it was confirmed that the vesting conditions had not been met. It was therefore confirmed that these stock acquisition rights could not be exercised, and the rights had expired.」
The Eighth Series Stock Acquisition Rights, subject to operating profit on the applicable basis of ¥1.5 billion, ¥2 billion and ¥3.3 billion, among other conditions, were confirmed to have failed to meet the conditions and to have expired when the financial results were finalised. - FY2021Applicable operating profit target not metAnnual report
「As a result, the Company's financial position and operating results for the consolidated fiscal year were as follows. Revenue was ¥34,615.567 million, operating loss was ¥6,895.420 million, ordinary loss was ¥6,935.626 million and net loss attributable to owners of the parent was ¥6,978.950 million.」
Against the Eighth Series Stock Acquisition Rights condition of operating profit on the applicable basis of at least ¥1.5 billion for the fiscal year ending June 2021, among other conditions, operating results for the period showed an operating loss of approximately ¥6.895 billion. - FY2021-Q3RestatedAnnual report
「These stock acquisition rights were issued on 2 September 2020 to strengthen the financial foundation for achieving the management targets of the medium-term management plan HOPE NEXT 3, formulated on 11 August 2020, namely revenue of ¥42 billion and operating profit of ¥3.3 billion for the fiscal year ending June 2023.」
The management targets of HOPE NEXT 3 explicitly called for revenue of ¥42 billion and operating profit of ¥3.3 billion by the fiscal year ending June 2023. - FY2021-Q1RaisedAnnual report
「If operating profit on the applicable basis for the fiscal year ending June 2021 is at least ¥1.5 billion: 25% of the number allocated If operating profit on the applicable basis for the fiscal year ending June 2022 is at least ¥2 billion: 50% of the number allocated If operating profit on the applicable basis for the fiscal year ending June 2023 is at least ¥3.3 billion: 100% of the number allocated Regardless of the conditions in item (1) above, holders of the stock acquisition rights may exercise all of the rights after the filing date of the relevant annual securities report if operating profit on the applicable basis for the fiscal year ending June 2021 is at least ¥2 billion.」
For the newly issued Eighth Series Stock Acquisition Rights, staged exercise conditions linked to operating profit on the applicable basis of ¥1.5 billion, ¥2 billion and ¥3.3 billion were established for the fiscal years ending June 2021 through June 2023. Performance-linked conditions at higher levels than the previous ordinary profit conditions were added. - FY2020AchievedAnnual report
「Ordinary profit was ¥1,012.424 million, up 961.9% year on year.」
The condition for the 2018 First Series Stock Acquisition Rights, requiring ordinary profit to exceed ¥200 million at least once between the fiscal years ending June 2018 and June 2023, was met when actual ordinary profit for the fiscal year ending June 2020 exceeded the threshold. - FY2019Performance conditions remain unmetAnnual report
「Provided that the condition in item (1) above is not breached, holders of the stock acquisition rights may exercise the rights only if ordinary profit reported in the consolidated income statement in the Company's annual securities reports for any fiscal year from the fiscal year ending June 2018 through the fiscal year ending June 2023, or in the income statement if no consolidated income statement is prepared, exceeds ¥200 million at least once.」
The condition of exceeding ¥200 million in ordinary profit remains in place, but ordinary profit for the fiscal year ending June 2019 was ¥95.336 million, so the condition has not been met at this point. - FY2018First-year performance target not metAnnual report
「Provided that the condition in item ① above is not breached, holders of the stock acquisition rights may exercise the rights only if ordinary profit reported in the consolidated income statement in the Company's annual securities reports for any fiscal year from the fiscal year ending June 2018 through the fiscal year ending June 2023, or in the income statement if no consolidated income statement is prepared, exceeds ¥200 million at least once.」
The condition of exceeding ¥200 million in ordinary profit at least once between the fiscal years ending June 2018 and June 2023 remains in place. Ordinary profit for the fiscal year ending June 2018 was a loss of ¥114.043 million, so the condition was not met in the first year. - FY2018-Q2New performance-linked conditions establishedAnnual report
「Provided that the condition in item (i) above is not breached, holders of the stock acquisition rights may exercise these rights only if ordinary profit reported in the consolidated income statement in the Company's annual securities reports for any fiscal year from the fiscal year ending June 2018 through the fiscal year ending June 2023, or in the income statement if no consolidated income statement is prepared, exceeds ¥200 million at least once.」
For the 2018 First Series Stock Acquisition Rights, exceeding ¥200 million in ordinary profit at least once between the fiscal years ending June 2018 and June 2023 was established as an exercise condition. A separate performance-linked condition was added alongside the existing staged conditions of ¥177 million, ¥212 million and ¥255 million. - FY2017First-year profit target not metAnnual report
「Ordinary profit was ¥34.626 million, down 76.4% year on year.」
Against the first-year condition of ¥177 million in ordinary profit for the fiscal year ending June 2017, actual ordinary profit was ¥34.626 million. - FY2017-Q1RestatedAnnual report
「① If ordinary profit for the fiscal year ending June 2017 reaches ¥177 million, only 20% may be exercised. ② If ordinary profit for the fiscal year ending June 2018 reaches ¥212 million, only 50% may be exercised. ③ If ordinary profit for the fiscal year ending June 2019 reaches ¥255 million, 100% may be exercised.」
The staged exercise conditions linked to ordinary profit for the fiscal years ending June 2017 through June 2019 are restated for the First Series Stock Acquisition Rights. - FY2016First statedAnnual report
「① If ordinary profit for the fiscal year ending June 2017 reaches ¥177 million, only 20% may be exercised. ② If ordinary profit for the fiscal year ending June 2018 reaches ¥212 million, only 50% may be exercised. ③ If ordinary profit for the fiscal year ending June 2019 reaches ¥255 million, 100% may be exercised.」
Ordinary profit targets of ¥177 million, ¥212 million and ¥255 million were established as staged exercise conditions for the fiscal years ending June 2017 through June 2019.