Stock Options Conditional on ¥2 Billion in Operating Profit
First written in FY2016. 1 of 4 entries say "Advanced", first in FY2017-Q1. Latest entry: FY2018.
- FY2018AchievedAnnual report
「For the current fiscal year, the Group reported revenue of ¥11,040 million, up 11.3% year on year, operating income of ¥3,074 million, up 19.6%, ordinary income of ¥2,884 million, up 25.1%, and net income attributable to owners of the parent of ¥2,366 million, up 18.1%.」
Against the Series 14 Stock Acquisition Rights' exercise condition of operating income exceeding ¥2,600 million for the fiscal year ended June 2018, actual operating income was ¥3,074 million, exceeding the disclosed numerical condition. - FY2018-Q1RaisedAnnual report
「If operating income for the fiscal year ended June 2018 exceeds ¥2,600 million, holders of the Stock Acquisition Rights may exercise them from the day following the filing date of the annual securities report for the fiscal year ended June 2018 through the end of the exercise period.」
For the newly issued Series 14 Stock Acquisition Rights, the operating income target serving as the exercise condition was raised to more than ¥2,600 million, and the applicable fiscal year is the fiscal year ended June 2018. - FY2017-Q1AdvancedAnnual report
「Series 13 Stock Acquisition Rights: 430,000 shares (issued)」
The Company issued 430,000 Series 13 Stock Acquisition Rights subject to an exercise condition of operating income exceeding ¥2,000 million. In addition, the Series 12 Stock Acquisition Rights expired on 30 September because the exercise condition was not met. - FY2016First statedAnnual report
「These stock acquisition rights may be exercised only if operating profit for the fiscal year ended June 2017, as stated in the consolidated income statement in the Company's securities report for that fiscal year, exceeds ¥2,000 million.」
The 13th series of stock acquisition rights is subject to a performance condition requiring operating profit of more than ¥2,000 million for the fiscal year ended June 2017.