Performance achievement conditions linked to adjusted EBITDA for the fiscal years ending March 2025 and March 2026
First written in FY2025-H1. 1 of 3 entries say "Restated". Latest entry: FY2026.
Foodison moved to the "Worse" side of this theme in 2026, 2 years after the typical company in this theme (2024).
6 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「If the amount obtained by deducting share-based compensation expense from total EBITDA for the fiscal years ending March 2027 and March 2028 in the issuer's consolidated financial statements meets the adjusted EBITDA achievement level set out in the table below, the allottee may exercise the number of share acquisition rights obtained by multiplying the number of these rights by the coefficient in Table 1.」
The company moved from the previous conditions for the fiscal years ending March 2025 and March 2026 to new performance-linked conditions covering the fiscal years ending March 2027 and March 2028. The coefficient is 25% even if combined adjusted EBITDA is below ¥300 million, and reaches 100% at ¥550 million or more. - FY2025RestatedAnnual report
「If the adjusted EBITDA, defined below as the total EBITDA for the fiscal years ending March 2025 and March 2026 in the issuer's consolidated financial statements, less share-based compensation expense, meets the adjusted EBITDA achievement levels set out in “Table 1: Performance Achievement Conditions” below, the allottee may exercise the number of these share acquisition rights obtained by multiplying the number of rights specified in the allotment agreement and application form by the coefficient in Table 1, at the exercise price specified in paragraph 3(2).」
The condition under which the number of exercisable share acquisition rights varies according to combined adjusted EBITDA for the fiscal years ending March 2025 and March 2026 remains in place. EBITDA for the fiscal year ended March 2025 was ¥193.899 million, but achievement for the 2-year total has not yet been determined. - FY2025-H1First statedAnnual report
「If the adjusted EBITDA, defined below as the total EBITDA for the fiscal years ending March 2025 and March 2026 in the issuer's consolidated financial statements, less share-based compensation expense, meets the adjusted EBITDA achievement levels set out in “Table 1: Performance Achievement Conditions” below, the allottee may exercise the number of these share acquisition rights obtained by multiplying the number of rights specified in the allotment agreement and application form by the coefficient in Table 1, at the exercise price specified in paragraph 3(2).」
Performance achievement conditions have been set under which the number of exercisable share acquisition rights varies according to the combined adjusted EBITDA for the fiscal years ending March 2025 and March 2026. The coefficient is 0% if adjusted EBITDA is below ¥500 million, rises incrementally from ¥500 million to ¥1,150 million or more, and reaches 100% at ¥1,150 million or more.