Growth Incentives Through Stock Acquisition Rights Subject to Consolidated Net Sales Conditions
First written in FY2024-Q1. 1 of 5 entries say "Raised", first in FY2025. Latest entry: 2026-06-01.
- FY2026-H1AdvancedAnnual report
「The stock acquisition rights issued during the current interim accounting period are as follows: resolution date, 1 May 2025; category and number of eligible recipients, 11 executive officers of the Company; class, description and number of shares underlying the stock acquisition rights, 357,000 common shares; exercise period, 1 July 2027 to 15 May 2033.」
Stock acquisition rights covering 357,000 shares were issued to 11 executive officers. The previous staged exercise conditions based on revenue of ¥16,500 million, ¥18,500 million and ¥20,500 million were also established. - FY2025RaisedAnnual report
「In any fiscal year from the fiscal year ending March 2027 through the fiscal year ending March 2029, if consolidated revenue exceeds ¥16,500 million, the permitted exercise percentage is 1/3; if it exceeds ¥18,500 million, the permitted exercise percentage is 2/3; and if it exceeds ¥20,500 million, the permitted exercise percentage is the full amount.」
In addition to the previous revenue conditions of ¥11,000 million, ¥11,500 million and ¥12,000 million, stock acquisition rights for executive officers were established with conditions of ¥16,500 million, ¥18,500 million and ¥20,500 million. - FY2024-Q1First statedAnnual report
「If consolidated revenue reported in the Company's consolidated statements of income for the 3 fiscal years ending March 2025, March 2026 and March 2027 meets the conditions set out below (the “exercise conditions”), holders of the stock acquisition rights may exercise the stock acquisition rights allotted to them up to the percentage specified for each condition (the “permitted exercise percentage”). (a) If the issuing company’s consolidated revenue exceeds ¥11,000 million: Permitted exercise percentage: 1/3 (b) If the issuing company’s consolidated revenue exceeds ¥11,500 million: Permitted exercise percentage: 2/3 (c) If the issuing company’s consolidated revenue exceeds ¥12,000 million: Permitted exercise percentage: 3/3」
Stock acquisition rights have been introduced with permitted exercise percentages linked to consolidated revenue achievement levels of ¥11,000 million, ¥11,500 million and ¥12,000 million for the fiscal years ending March 2025 through March 2027. Separate stock acquisition rights also have staged exercise conditions linked to the passage of 1 to 4 years after the allotment date.