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Share Issuance and Disposal2175SMS CO.,LTD.Information and Communications, Services and Others

Notice Concerning Changes to the Exercise Conditions for Paid Stock Options Subject to Performance Conditions (20th and 21st Stock Acquisition Rights)

The amount of future amortization expense reductions arising from impairment losses on the overseas business will be deducted from “underlying operating profit,” which is used to assess performance for the 20th and 21st Stock Acquisition Rights. This will prevent the performance conditions from becoming easier to meet than warranted by the underlying business performance as a result of impairment accounting.

Worth reading
27Immaterial
Scored from 2 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
15
¥100 million (expected annual reduction in amortization expense)
Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

Change to the exercise conditions for performance-based paid stock options (20th and 21st Stock Acquisition Rights)

Details of issuance or disposal
ItemDetails
Type of issuance or disposalChange to the exercise conditions for performance-based paid stock options (20th and 21st Stock Acquisition Rights)
Items this document does not state (27)
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 allotteeIntended allottee's holding policyDilution 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 considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor 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.

Amortization expense related to intangible fixed assets is expected to decrease by approximately ¥1.5 billion annually from the fiscal year ending March 2027 onward as a result of impairment losses on the overseas business. The purpose is to exclude this accounting impact, maintain the level of difficulty of the performance targets originally intended at issuance, and ensure that the eligible recipients remain committed to improving performance and share the interests of shareholders.

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.
Notice Concerning Changes to the Exercise Conditions for Paid Stock Options Subject to Performance Conditions (20th and 21st Stock Acquisition Rights) | SMS CO.,LTD. (2175) timely disclosure | Komori