Stock Acquisition Rights Conditional on Ordinary Profit of ¥400 Million, ¥500 Million and ¥600 Million
First written in FY2017-Q1. 1 of 3 entries say "Reframed", first in FY2017. Latest entry: FY2019.
26 other companies' latest entry also says "Other".
- FY2019Lapse due to failure to meet performance conditionsAnnual report
「These stock acquisition rights had lapsed as of the filing date because the conditions for exercising the stock acquisition rights for the fiscal year ended March 2019 were not met.」
The disclosure states that the stock acquisition rights lapsed because the exercise condition of ordinary profit exceeding ¥600 million for the fiscal year ended March 2019 was not met. - FY2017ReframedAnnual report
「(a) If ordinary profit for the fiscal year ended March 2018 exceeds ¥500 million Exercisable percentage: 40% (b) If ordinary profit for the fiscal year ended March 2019 exceeds ¥600 million Exercisable percentage: 50%」
The newly disclosed paid stock acquisition rights specify ordinary profit conditions of ¥500 million for the fiscal year ending March 2018 and ¥600 million for the fiscal year ending March 2019. The previous ¥400 million condition is not included in this disclosure. - FY2017-Q1First statedAnnual report
「If the ordinary profit reported in the income statement included in the securities reports for the fiscal years from the fiscal year ended March 2017 through the fiscal year ended March 2019, or in the consolidated income statement if consolidated income statements are prepared, meets the conditions set out in (a) through (c) below, the holders of these stock acquisition rights may exercise the number of rights corresponding to the respective percentages allocated to each holder, referred to below as the “exercisable percentage.” (a) If ordinary profit for the fiscal year ended March 2017 exceeds ¥400 million Exercisable percentage: 10% (b) If ordinary profit for the fiscal year ended March 2018 exceeds ¥500 million Exercisable percentage: 40% (c) If ordinary profit for the fiscal year ended March 2019 exceeds ¥600 million Exercisable percentage: 50%」
For the fifth series of stock acquisition rights, ordinary profit thresholds for the fiscal years ended March 2017 through March 2019 were established as exercise conditions.