Improving Motivation and Cohesion among Directors and Employees through Stock Options
First written in FY2023-Q1. 1 of 3 entries say "Advanced", first in FY2023. Latest entry: FY2024.
The whole theme swung hardest in 2020: 2 of 16 companies on the "Worse" side.
6 other companies' latest entry also says "Restated".
- FY2024RestatedAnnual report
「Fifth series of stock acquisition rights: 3 of the company’s directors; common shares, 30,000; from 1 October 2028 through 2 October 2032. Sixth series of stock acquisition rights: 13 of the company’s employees, 2 directors of subsidiaries and 31 subsidiary employees; common shares, 24,300; from 17 September 2024 through 16 September 2028.」
The company discloses, as of fiscal year-end, the eligible recipients, number of shares and exercise periods for stock options for directors and for employees and subsidiary officers and employees. - FY2023AdvancedAnnual report
「Fifth series of stock acquisition rights: 3 of the company’s directors; common shares, 30,000; from 1 October 2028 through 2 October 2032. Sixth series of stock acquisition rights: 13 of the company’s employees, 2 directors of subsidiaries and 33 subsidiary employees; common shares, 25,100; from 17 September 2024 through 16 September 2028.」
The annual disclosure specifies the eligible recipients, number of shares and exercise periods for the fifth series of stock acquisition rights for directors and the sixth series for employees and subsidiary officers and employees. - FY2023-Q1First statedAnnual report
「The company is issuing these stock acquisition rights as paid stock options for the purpose of further increasing motivation and morale and strengthening cohesion within the company as it seeks to enhance corporate value. The company is also issuing these stock acquisition rights as free stock options for the same purpose of further increasing motivation and morale and strengthening cohesion within the company as it seeks to enhance corporate value.」
The scheme provides for the issuance of 300 stock acquisition rights to 3 directors and 258 to 50 employees. The paid options are subject to operating profit exceeding ¥850 million for the fiscal year ending June 2028, while the free options may be exercised from 17 September 2024 through 16 September 2028.