Operating Profit Targets Under Performance-Linked Stock Options
First written in FY2018. 2 of 5 entries say "Restated". Latest entry: FY2026-H1.
MS&Consulting moved to the "Worse" side of this theme in 2025.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
0 other companies' latest entry also says "Reframed".
- FY2026-H1Reorganisation under the terms of the performance-linked subscription rights for WizAnnual report
「(a) If profit for the period attributable to owners of the parent stated in the consolidated statement of comprehensive income for the fiscal year ending February 2027 exceeds ¥220 million; (b) if, in any of the 3 fiscal years from the fiscal year ending February 2028 through the fiscal year ending February 2030, (i) direct profit attributable to contributions from the new subscription right holders exceeds ¥575 million and (ii) profit for the period attributable to owners of the parent exceeds ¥400 million」
The previous stock options subject to standalone operating profit of ¥550 million or ¥600 million have been reorganised into new performance-linked subscription rights subject to direct profit, including contributions from the partnership with Wiz, and profit for the period attributable to owners of the parent. - FY2021Failure to meet the conditions for performance-linked stock options confirmedAnnual report
「Operating profit or operating loss (△) 195,312 △564,998」
For the stock options subject to standalone operating profit under Japanese GAAP exceeding ¥550 million or ¥600 million, the standalone operating loss for the fiscal year ending February 2021 was ¥564,998 thousand, so the exercise condition threshold was not reached for that fiscal year. - FY2020RestatedAnnual report
「(a) If operating profit exceeds ¥550 million: exercisable percentage 50% (b) If operating profit exceeds ¥600 million: exercisable percentage 100%」
The staged exercise conditions based on standalone operating profit under Japanese GAAP of ¥550 million and ¥600 million remain in place for the fiscal year ending March 2019 or any fiscal year from the fiscal year ending February 2020 through the fiscal year ending February 2022. - FY2019RestatedAnnual report
「New subscription right holders may exercise, from the first day of the month following the date on which the securities report for the fiscal year in which the operating profit first meets the level specified in (a) or (b) below is filed, up to the number of the new subscription rights allocated to each holder corresponding to the percentage specified in the relevant item, only if the Company's standalone operating profit under Japanese GAAP meets the level specified in (a) or (b) below in any fiscal year from the fiscal year ending March 2019 through the fiscal year ending March 2022.」
The staged exercise conditions based on standalone operating profit exceeding ¥550 million or ¥600 million for the fiscal years ending March 2019 through March 2022 remain in place. - FY2018First statedAnnual report
「If the Company's standalone operating profit under Japanese GAAP exceeds ¥550 million in any fiscal year from the fiscal year ending March 2019 through the fiscal year ending March 2022, 50% of the options will be exercisable; if it exceeds ¥600 million, 100% will be exercisable.」
The terms provide for a staged increase in the exercisable percentage of the stock options if standalone operating profit exceeds ¥550 million or ¥600 million in any fiscal year from the fiscal year ending March 2019 through the fiscal year ending March 2022.