Stock Options Conditional on Operating Profit Exceeding ¥366 Million
First written in FY2016. 2 of 5 entries say "Achieved", first in FY2018. Latest entry: FY2023.
- FY2023AchievedAnnual report
「Exercise 38,000 Expired and cancelled 12,000 Unexercised balance —」
Of the 2016 paid stock acquisition rights, 38,000 shares were exercised and 12,000 shares expired and were cancelled, leaving no unexercised balance. The exercise period also ended on 17 March 2023. - FY2021AdvancedAnnual report
「Other (exercise of stock acquisition rights) 74,800 41,492」
Of the 2016 paid stock acquisition rights conditional on operating income exceeding ¥366 million, rights equivalent to 74,800 shares were exercised during the fiscal year, leaving 52,400 shares unexercised. - FY2018AchievedAnnual report
「Under the First Three-Year Medium-Term Management Plan covering the fiscal years ended June 2016 through June 2018, the company set an operating income target of ¥366 million and an operating margin target of 4.9%. Against the plan, it achieved operating income of ¥375 million and an operating margin of 5.2% in the fiscal year under review, reaching a record high profit.」
For the stock options conditional on operating income exceeding ¥366 million, the company achieved operating income of ¥375 million and an operating margin of 5.2% in the final year of the plan. - FY2017RestatedAnnual report
「If operating income in the income statement included in the securities report for any fiscal year from the fiscal year ended June 2016 through the fiscal year ended June 2018 exceeds ¥366 million, the holders of these stock acquisition rights may exercise them from the first day of the month following the submission date of the securities report for the fiscal year in which that operating income level was first met until the end of the exercise period. If consolidated income statements are prepared, the consolidated income statement applies.」
The performance condition for the stock acquisition rights, requiring operating income to exceed ¥366 million, continues to be disclosed. Operating income for the current fiscal year was ¥274.834 million, and there is no indication that the condition was met. - FY2016First statedAnnual report
「If operating income in the income statement included in the securities report for any fiscal year from the fiscal year ended June 2016 through the fiscal year ended June 2018 exceeds ¥366 million, the holders of these stock acquisition rights may exercise them from the first day of the month following the submission date of the securities report for the fiscal year in which that operating income level was first met until the end of the exercise period. If consolidated income statements are prepared, the consolidated income statement applies.」
The company describes a performance-linked target under which operating income exceeding ¥366 million in any fiscal year from the fiscal year ended June 2016 through the fiscal year ended June 2018 is an exercise condition.