TOKYO, Jun 17 (Pulse News Wire) – Seven Bank,ltd. (8410.T) canceled all employee stock options following a review of its fiscal 2026 performance.
The board resolution dated September 08, 2023, mandated the cancellation based on the failure to meet predetermined financial targets outlined in the company’s mid-term plan. Key details of the canceled stock options include: - Total number of options: 38,352 - Exercise price per share: ¥319 - Exercise period: June 01, 2026, to October 31, 2027 - Number of options canceled: 38,352 The cancellation was triggered due to the inability to satisfy the conditions set forth in the issuance guidelines, specifically related to ordinary operating revenue of ¥250.0 billion, ordinary profit of ¥45.00 billion, and a return on equity (ROE) of ８%.
No impact is expected on the consolidated financial results for the fiscal year ending March 2027.
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