Worth reading
50Recurring
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
9947
unitsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Acquisition of stock acquisition rights with an exercise price adjustment clause
Intended allottee
ネクスト・グロース株式会社 (acquisition counterparty)
Terms of the stock acquisition rights
Exercise price
¥104 (as of 14 September 2026; subject to adjustment; adjustment floor: Not disclosed)
Number of Stock Acquisition Rights
Total number issued: Not disclosed; number acquired: 9,947 (all stock acquisition rights held by ネクスト・グロース株式会社 on the acquisition date)
Stock Split Ratio1.8 shares per common share (implemented with 25 June 2026 as the record date)
Basis for determining the amount to be paid
The acquisition price of these stock acquisition rights is the same as the paid-in amount
Procedures under the Corporate Code of Conduct
Under Item (1) of Paragraph 14 of the Terms of Issue, notice will be given to the holders of these stock acquisition rights no later than 2 weeks before the acquisition date
Most recent equity financing
30 April 2026: Issuance of new shares and the 11th Series of Stock Acquisition Rights (with Exercise Price Adjustment Clause) through a third-party allotment. ¥264,999,600 was raised through the new share issuance
Impact on Business Performance
The impact on current-period results is expected to be minor
| Item | Details |
|---|---|
| Type of issuance or disposal | Acquisition of stock acquisition rights with an exercise price adjustment clause |
| Intended allottee | ネクスト・グロース株式会社 (acquisition counterparty) |
| Basis for determining the amount to be paid | The acquisition price of these stock acquisition rights is the same as the paid-in amount |
| Exercise price | ¥104 (as of 14 September 2026; subject to adjustment; adjustment floor: Not disclosed) |
| Number of Stock Acquisition Rights | Total number issued: Not disclosed; number acquired: 9,947 (all stock acquisition rights held by ネクスト・グロース株式会社 on the acquisition date) |
| Stock Split Ratio | 1.8 shares per common share (implemented with 25 June 2026 as the record date) |
| Procedures under the Corporate Code of Conduct | Under Item (1) of Paragraph 14 of the Terms of Issue, notice will be given to the holders of these stock acquisition rights no later than 2 weeks before the acquisition date |
| Most recent equity financing | 30 April 2026: Issuance of new shares and the 11th Series of Stock Acquisition Rights (with Exercise Price Adjustment Clause) through a third-party allotment. ¥264,999,600 was raised through the new share issuance |
| Impact on Business Performance | The impact on current-period results is expected to be minor |
Items this document does not state (19)
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 sharesExercise periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentMajor 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 exercise price has fallen with the share price, reducing the efficiency of financing relative to the resulting dilution; amid the circumstances surrounding the acquisition proposal, an increase in the volume of shares in market circulation could make share accumulation easier; and the funds already raised remain unallocated, so there is no immediate funding shortfall.
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.