Restricted Stock Compensation Conditional on Cumulative Consolidated Net Income of ¥5.31 Billion
First written in FY2020. 1 of 3 entries say "Achieved", first in FY2022. Latest entry: FY2025.
The whole theme swung hardest in 2020: 4 of 30 companies on the "Worse" side.
32 other companies' latest entry also says "Advanced".
- FY2025AdvancedAnnual report
「Cumulative consolidated net income for the 3 fiscal years from the 37th fiscal year (the fiscal year ending August 2023) through the 39th fiscal year (the fiscal year ending August 2025), as stated in the company's annual securities reports, was ¥11.14 billion, thereby satisfying the performance condition.」
For the restricted stock compensation granted in December 2022, cumulative consolidated net income was ¥11.14 billion against the ¥8.23 billion condition, thereby satisfying the performance condition. - FY2022AchievedAnnual report
「Of the conditions for lifting the transfer restrictions described above, cumulative consolidated net income for the 3 fiscal years from the 34th fiscal year (the fiscal year ending August 2020) through the 36th fiscal year (the fiscal year ending August 2022), which relates to the performance condition, was ¥5.90 billion, thereby satisfying the performance condition.」
Cumulative consolidated net income of ¥5.90 billion exceeded the condition of at least ¥5.31 billion. - FY2020First statedAnnual report
「The conditions are that the eligible director continuously held the position of director of the company during the period from 25 December 2019 until immediately before the conclusion of the ordinary general meeting of shareholders for the 36th fiscal year (the fiscal year ending August 2022), and that cumulative consolidated net income for the 3 fiscal years from the 34th fiscal year (the fiscal year ending August 2020) through the 36th fiscal year (the fiscal year ending August 2022), as stated in the company's annual securities reports, reached at least ¥5.31 billion.」
As an incentive to achieve the targets of the medium-term management plan, the company introduced stock compensation subject to the lifting of transfer restrictions upon cumulative consolidated net income of at least ¥5.31 billion for the fiscal years ending August 2020 through August 2022.