Exercise conditions for stock acquisition rights linked to EBITDA levels
First written in FY2022-Q2. 2 of 4 entries say "Restated". Latest entry: FY2026-H1.
geechs moved to the "Worse" side of this theme in 2025, 1 year after the typical company in this theme (2024).
5 other companies' latest entry also says "Reframed".
- FY2026-H1ReframedAnnual report
「In any fiscal year from the fiscal year ending March 2026 through the fiscal year ending March 2030, holders of the stock acquisition rights may exercise the rights granted to them up to the applicable percentage set out below, if EBITDA calculated from our consolidated statements of income and consolidated statements of cash flows exceeds the relevant threshold. This percentage is referred to below as the “exercisable percentage”; any fraction of less than 1 right will be rounded down. (a) If EBITDA exceeds ¥1,500 million: exercisable percentage of 60%. (b) If EBITDA exceeds ¥2,000 million: exercisable percentage of 100%.」
The former three-tier conditions covering the fiscal years ending March 2022 through March 2025 have been restructured into new performance-linked conditions covering the fiscal years ending March 2026 through March 2030: ¥1,500 million and 60%, and ¥2,000 million and 100%. - FY2023RestatedAnnual report
「In any fiscal year from the fiscal year ending March 2022 through the fiscal year ending March 2025, holders of the stock acquisition rights may exercise the rights granted to them, up to the applicable exercise ratio, if EBITDA calculated from our consolidated statements of income and consolidated statements of cash flows exceeds (a) ¥1,500 million, for an exercise ratio of 50%, (b) ¥2,000 million, for an exercise ratio of 80%, or (c) ¥2,500 million, for an exercise ratio of 100%.」
The exercise conditions linked to EBITDA levels for the fiscal years ending March 2022 through March 2025 have been reconfirmed. - FY2022RestatedAnnual report
「In any fiscal year from the fiscal year ending March 2022 through the fiscal year ending March 2025, holders of the stock acquisition rights may exercise the rights granted to them, up to the applicable exercise ratio, if EBITDA calculated from our consolidated statements of income and consolidated statements of cash flows exceeds (a) ¥1,500 million, for an exercise ratio of 50%, (b) ¥2,000 million, for an exercise ratio of 80%, or (c) ¥2,500 million, for an exercise ratio of 100%.」
The exercise conditions for stock acquisition rights linked to EBITDA levels for the fiscal years ending March 2022 through March 2025 have been reiterated. - FY2022-Q2First statedAnnual report
「In any fiscal year from the fiscal year ending March 2022 through the fiscal year ending March 2025, holders of the stock acquisition rights may exercise the rights granted to them, up to the applicable exercise ratio, if EBITDA calculated from our consolidated statements of income and consolidated statements of cash flows exceeds (a) ¥1,500 million, for an exercise ratio of 50%, (b) ¥2,000 million, for an exercise ratio of 80%, or (c) ¥2,500 million, for an exercise ratio of 100%.」
New performance-linked conditions have been established under which the exercisable percentage of the stock acquisition rights is 50%, 80% or 100% depending on EBITDA levels for the fiscal years ending March 2022 through March 2025.