CURVES HOLDINGS Co.,Ltd. [7085.T]
TOKYO, Apr 13 (Pulse News Wire) – Curves Holdings CO.,LTD. (7085.T) resolved to issue two types of stock options: paid stock options and tax-qualified stock options.
The paid stock options will be granted to directors, employees, and subsidiaries’ employees without shareholder approval due to fair pricing conditions. The tax-qualified stock options will be granted based on board resolution, aimed at incentivizing future performance. The paid stock options require achieving certain operating profit targets for exercise eligibility. Specifically, the 2030 fiscal year target is set at ¥148.9 billion, while the 2033 fiscal year target is ¥208.3 billion. Exercise is also contingent upon the recipient remaining employed during the applicable periods.
Curves Holdings plans to issue 1,380 paid stock options and 1,830 tax-qualified stock options. Each option allows recipients to purchase 100 common shares at a price of ¥1,000 per share, subject to adjustments for corporate actions such as mergers or spin-offs. The issuance process includes application deadlines and specific conditions for exercising the options. The paid stock options will be exercisable from January 1, 2031, to December 31, 2043, while the tax-qualified stock options remain valid until April 13, 2036. Both types of options aim to align employee interests with long-term corporate goals and enhance overall group performance.
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