Worth reading
21Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
24340846
unitsWording
Conditional
How definitive the wording is.Details of issuance or disposal
Acquisition without consideration and cancellation of Series 1-A stock acquisition rights
Intended allottee
Shareholders listed or recorded in the final shareholder register as of 14 September 2026
Terms of the stock acquisition rights
Number of Stock Acquisition Rights
Stock acquisition rights issued: 24,340,846; stock acquisition rights to be acquired: 24,340,846
Reason for acquisition without consideration
As long as the confirmation letter remains valid and is complied with, and there is no breach of the undertaking letter, the specific shareholder group is expected to remain below a 20% effective voting rights ratio, making it inappropriate to continue implementing this countermeasure.
Procedures under the Corporate Code of Conduct
The matter was referred to the independent committee, which recommended on 12 October 2026 that it was appropriate to acquire these stock acquisition rights without consideration. The Board of Directors evaluated and considered the recommendation before adopting its resolution.
Impact on Business Performance
The Company believes that the impact of this matter on performance for the fiscal year ending March 2027 will be immaterial.
| Item | Details |
|---|---|
| Type of issuance or disposal | Acquisition without consideration and cancellation of Series 1-A stock acquisition rights |
| Intended allottee | Shareholders listed or recorded in the final shareholder register as of 14 September 2026 |
| Number of Stock Acquisition Rights | Stock acquisition rights issued: 24,340,846; stock acquisition rights to be acquired: 24,340,846 |
| Reason for acquisition without consideration | As long as the confirmation letter remains valid and is complied with, and there is no breach of the undertaking letter, the specific shareholder group is expected to remain below a 20% effective voting rights ratio, making it inappropriate to continue implementing this countermeasure. |
| Procedures under the Corporate Code of Conduct | The matter was referred to the independent committee, which recommended on 12 October 2026 that it was appropriate to acquire these stock acquisition rights without consideration. The Board of Directors evaluated and considered the recommendation before adopting its resolution. |
| Impact on Business Performance | The Company believes that the impact of this matter on performance for the fiscal year ending March 2027 will be immaterial. |
Items this document does not state (22)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodTransfer restriction periodConditions for lifting transfer restrictionsCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offering
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The independent committee recommended that continuing the countermeasure was not appropriate, because the Company received a confirmation letter from Capital Gallery and letters of undertaking from Mae Toshimori (前俊守), Honda Toshiyuki (本多敏行) and ミツワ樹脂工業, and the specific shareholder group is therefore expected to remain below a 20% effective voting rights ratio.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.