Stock acquisition rights subject to operating-profit targets
First written in FY2016. 1 of 4 entries say "Advanced", first in FY2017. Latest entry: FY2026.
The whole theme swung hardest in 2020: 2 of 16 companies on the "Worse" side.
2 other companies' latest entry also says "Raised".
- FY2026RaisedAnnual report
「Holders of the stock acquisition rights may exercise these stock acquisition rights only if operating profit for each fiscal year-end of the Company from the fiscal year ending March 2026 onward exceeds ¥300 million.」
The Company newly issued the 10th Series Stock Acquisition Rights, subject to operating profit exceeding ¥300 million as an exercise condition. This is a higher threshold than the previous condition of operating profit exceeding ¥200 million for the 8th Series Stock Acquisition Rights, and the number of underlying shares is 900,000. - FY2024The 8th Series Stock Acquisition Rights lapsed upon expiration of the exercise period.Annual report
「The decrease in the 8th Series Stock Acquisition Rights during the current consolidated fiscal year was due to the expiration of the exercise period.」
The 435,000 shares underlying the 8th Series Stock Acquisition Rights, which were subject to an operating profit condition, lapsed when the exercise period expired on 4 October 2023. - FY2017AdvancedAnnual report
「If operating profit exceeds ¥200 million: exercisable proportion, 100%. Operating profit for the current consolidated fiscal year was ¥279 million.」
The disclosure states that operating profit exceeded ¥200 million, the threshold for a 100% exercisable proportion, for the stock acquisition rights whose assessment period runs from the fiscal year ending March 2016 through the fiscal year ending March 2023. - FY2016First statedAnnual report
「The holders of these stock acquisition rights may exercise the prescribed percentage of the rights allocated to them during the exercise period only if the operating-profit targets established in line with the Company's performance objectives and set out in (a) through (c) below are achieved.」
For the fiscal years from March 2016 through March 2023, exercise ratios of 30%, 60% and 100% were set for operating profit exceeding ¥130 million, ¥150 million and ¥200 million, respectively.