Performance-target-linked paid stock acquisition rights under the medium-term management plan
First written in FY2024-Q2. 1 of 3 entries say "Advanced", first in FY2025-H1. Latest entry: FY2025.
The whole theme swung hardest in 2024: 1 of 8 companies on the "Worse" side.
6 other companies' latest entry also says "Other".
- FY2025Decrease in outstanding share optionsAnnual report
「The opening balance of unexercised options was 480,000 shares. With 10,000 shares expiring and 87,400 shares exercised, the closing balance of unexercised options was 382,600 shares.」
For the fifth share options linked to the operating profit targets of the medium-term management plan, the balance of unexercised options decreased due to exercises and expirations. - FY2025-H1AdvancedAnnual report
「Increase/(decrease) in total number of issued shares (shares) 87,400 / (Note) This increase resulted from the exercise of the first series of share acquisition rights.」
Of the first share options linked to the performance targets of the medium-term management plan, 87,400 shares were exercised, advancing the execution phase of the program introduced previously. - FY2024-Q2First statedAnnual report
「The Company will issue paid share options to its directors and employees and to the directors and employees of its subsidiaries, with the aim of increasing their incentive to achieve the performance targets in the Company’s medium-term management plan. …If operating profit for the fiscal year ending October 2026 exceeds ¥2,600 million, the exercisable percentage will be 80%; if it exceeds ¥2,650 million, 90%; and if it exceeds ¥2,700 million, 100%.」
Following the resolution to issue them on 22 May 2024, the Company introduced paid share options linked to the operating profit targets in its medium-term management plan. The number of underlying shares is 490,900, and the exercise period runs from 1 February 2027 to 30 July 2034. The exercisable percentage will be 80%, 90% or 100% depending on whether operating profit for the fiscal year ending October 2026 exceeds ¥2,600 million, ¥2,650 million or ¥2,700 million, respectively.