Incentives for Officers and Employees Through Performance-Linked Paid Stock Acquisition Rights
First written in FY2024-Q1. 1 of 2 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2024-Q2.
The whole theme swung hardest in 2020: 2 of 16 companies on the "Worse" side.
11 other companies' latest entry also says "Advanced".
- FY2024-Q2AdvancedAnnual report
「Stock acquisition rights issued during the second quarter accounting period were as follows. Fifth Series Stock Acquisition Rights: Resolution of the Board of Directors dated 10 January 2024 Company directors 2 Company employees 61 Number of stock acquisition rights 676 Common shares 67,600 shares」
The company disclosed that it issued the Fifth Series Stock Acquisition Rights, performance-linked paid stock acquisition rights, on 25 January 2024 to 2 directors and 61 employees. The rights cover 67,600 shares, and the exercise period and operating profit achievement conditions of ¥1 billion, ¥1.5 billion and ¥2 billion follow the framework disclosed previously. - FY2024-Q1First statedAnnual report
「To further increase motivation and morale and strengthen cohesion within the company as it seeks to expand its business performance and increase corporate value over the medium to long term, the company will issue paid stock acquisition rights to its directors and employees. If all of these stock acquisition rights are exercised, the total number of additional common shares issued will be equivalent to 1.00% of the total number of shares outstanding. (a) If operating profit exceeds ¥1 billion during the fiscal years ending August 2026 through August 2027: exercisable percentage: 30% (b) If operating profit exceeds ¥1.5 billion during the fiscal years ending August 2028 through August 2029: exercisable percentage: 60% (c) If operating profit exceeds ¥2 billion during the fiscal years ending August 2030 through August 2031: exercisable percentage: 100%」
In response to the tax treatment of trust-type stock options, the company has disclosed for the first time a plan to cancel the undelivered portion and issue paid stock acquisition rights to 2 directors and 177 employees. The plan covers 1,200 stock acquisition rights and 120,000 shares, with an exercise price of ¥960 per share and an exercise period from 1 December 2026 to 25 January 2034. The exercisable percentages will be 30%, 60% and 100%, depending on when operating profit targets of ¥1 billion, ¥1.5 billion and ¥2 billion are achieved.