Worth reading
44Recurring
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
141000
Shares (maximum)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Post-delivery share grant for the Domestic Group Employee Stock Ownership Association through the issuance of new shares or disposal of treasury shares
Who receives how much141,000Shares
Total of up to 141,000 shares (issuance of new shares or disposal of treasury shares)
Toda Corporation Group Employee Stock Ownership Association (eligible employees, expected maximum of 940, total of up to 141,000 shares)
The lower thin line represents the existing number of shares to which these shares will be added.
Offering structure
Underwriter / lead underwriter
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (administrative service provider to the Employee Stock Ownership Association)
Categories and Number of Persons Covered
Employees of domestic group companies, expected maximum of 940, 150 shares per person
Intended allottee's holding policy
The shares will be allocated and managed as members’ interests within the Employee Stock Ownership Association. Members may withdraw their own interests at their discretion.
Payment date
Scheduled for March following the end of the target period (target period: 1 January 2027 to 31 December 2027)
Most recent equity financing
Timing 26 March 2024 / Type Introduction of this scheme / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Post-delivery share grant for the Domestic Group Employee Stock Ownership Association through the issuance of new shares or disposal of treasury shares |
| Number of shares to be issued or disposed of | Total of up to 141,000 shares (issuance of new shares or disposal of treasury shares) |
| Payment date | Scheduled for March following the end of the target period (target period: 1 January 2027 to 31 December 2027) |
| Intended allottee | Toda Corporation Group Employee Stock Ownership Association (eligible employees, expected maximum of 940, total of up to 141,000 shares) |
| Intended allottee's holding policy | The shares will be allocated and managed as members’ interests within the Employee Stock Ownership Association. Members may withdraw their own interests at their discretion. |
| Categories and Number of Persons Covered | Employees of domestic group companies, expected maximum of 940, 150 shares per person |
| Underwriter / lead underwriter | Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. (administrative service provider to the Employee Stock Ownership Association) |
| Most recent equity financing | Timing 26 March 2024 / Type Introduction of this scheme / Amount Not disclosed |
Items this document does not state (20)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor shareholders after the offeringImpact on Business Performance
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 scheme will be continued to support employees’ asset building, increase their motivation to work, promote the sharing of shareholder value over the medium to long term, strengthen their awareness of contributing to improved performance and increased corporate value, and increase their motivation for continued employment.
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.