Stock acquisition right exercise conditions linked to EBITDA levels
First written in FY2022. 2 of 4 entries say "Restated". Latest entry: FY2025.
- FY2025RestatedAnnual report
「Holders of these stock acquisition rights may exercise them only if the amount of EBITDA stated in the Company's securities report for any fiscal year from the fiscal year ending September 2024 through the fiscal year ending September 2026, or the corresponding consolidated fiscal year if the Company has consolidated subsidiaries, meets the levels set out in (a) through (d) below.」
The Company continues to disclose the conditions that determine the exercisable percentage according to EBITDA levels for the fiscal years ending September 2024 through September 2026. - FY2023RestatedAnnual report
「Holders of these stock acquisition rights may exercise them only if the amount of EBITDA stated in the Company's securities report for any fiscal year from the fiscal year ending September 2024 through the fiscal year ending September 2026, or the corresponding consolidated fiscal year if the Company has consolidated subsidiaries, meets the levels set out in (a) through (d) below.」
The conditions for stock acquisition rights that determine the exercisable percentage according to EBITDA levels for the fiscal years ending September 2024 through September 2026 continue to be disclosed in the full-year filing. - FY2023-Q1RaisedAnnual report
「(a) If EBITDA exceeds ¥250 million: exercisable percentage 25% (b) If EBITDA exceeds ¥320 million: exercisable percentage 50% (c) If EBITDA exceeds ¥400 million: exercisable percentage 75% (d) If EBITDA exceeds ¥500 million: exercisable percentage 100%」
For the ninth series of stock acquisition rights for employees, the exercisable percentage if EBITDA exceeds ¥250 million is set at 25%. The initial exercisable percentage has been raised from the previously stated 10% at the same EBITDA level. - FY2022First statedAnnual report
「Holders of these stock acquisition rights may exercise them only if the amount of EBITDA stated in the Company's securities report for any fiscal year from the fiscal year ending September 2024 through the fiscal year ending September 2026, or the corresponding consolidated fiscal year if the Company has consolidated subsidiaries, meets the levels set out in (a) through (d) below. The number of rights that may be exercised is limited to the percentage specified in each item of the stock acquisition rights allocated to each holder. If EBITDA is below the level in (a) below, the stock acquisition rights may not be exercised. (a) If EBITDA exceeds ¥250 million: exercisable percentage 10% (b) If EBITDA exceeds ¥320 million: exercisable percentage 50% (c) If EBITDA exceeds ¥400 million: exercisable percentage 75% (d) If EBITDA exceeds ¥500 million: exercisable percentage 100%」
The exercisable percentage of the stock acquisition rights is set according to EBITDA levels for the fiscal years ending September 2024 through September 2026.