Worth reading
52Recurring
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
83500
Rights (83,500 underlying shares)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of stock options (Sixth Series of stock acquisition rights) to employees
Who receives how much
83,500 common shares (83,500 stock acquisition rights, each covering 1 share)
18 employees of the Company and its subsidiaries, 83,500 rights
The lower thin line represents the existing number of shares to which these shares will be added.
The stock acquisition rights will be issued free of charge. The exercise price will be the closing share price on the date of the Board of Directors' resolution.
Terms of the stock acquisition rights
Exercise price
The closing share price on the date of the Board of Directors' resolution. Adjustment provisions apply in the event of a stock split, reverse stock split or similar event, or an issuance below market value. The minimum exercise price is Not disclosed.
Exercise period
From 4 August 2028 to 3 August 2036
Number of Stock Acquisition Rights
Total to be issued: 83,500 rights. The number of unexercised rights is Not disclosed.
Reason for acquisition without consideration
A corporate reorganization, the holder ceasing to be an officer or employee of the Company, its subsidiaries or an equivalent entity, criminal sanctions, competition with the Company, damage to the Company's credit, bankruptcy or similar events, disciplinary grounds under the employment rules, or a breach of duties as a director or other similar event.
Categories and Number of Persons Covered
18 employees of the Company and its subsidiaries, 83,500 rights
Intended allottee's holding policy
Transfers of the stock acquisition rights require the approval of the Company's Board of Directors.
Basis for determining the amount to be paid
The exercise price will be the closing share price on the date of the Board of Directors' resolution concerning the offering terms of the stock acquisition rights. If there is no closing price on that date, the closing price on the most recent trading day will apply. The specific closing price and the discount or premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
The issuance will be carried out pursuant to a resolution of the Board of Directors without obtaining shareholder approval. Because the stock acquisition rights will be issued free of charge at fair value and on terms that are not particularly favorable, the Company explains that the issuance does not constitute an issuance on particularly favorable terms.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock options (Sixth Series of stock acquisition rights) to employees |
| Number of shares to be issued or disposed of | 83,500 common shares (83,500 stock acquisition rights, each covering 1 share) |
| Issue price and disposal price | The stock acquisition rights will be issued free of charge. The exercise price will be the closing share price on the date of the Board of Directors' resolution. |
| Intended allottee | 18 employees of the Company and its subsidiaries, 83,500 rights |
| Intended allottee's holding policy | Transfers of the stock acquisition rights require the approval of the Company's Board of Directors. |
| Basis for determining the amount to be paid | The exercise price will be the closing share price on the date of the Board of Directors' resolution concerning the offering terms of the stock acquisition rights. If there is no closing price on that date, the closing price on the most recent trading day will apply. The specific closing price and the discount or premium rate are Not disclosed. |
| Exercise price | The closing share price on the date of the Board of Directors' resolution. Adjustment provisions apply in the event of a stock split, reverse stock split or similar event, or an issuance below market value. The minimum exercise price is Not disclosed. |
| Exercise period | From 4 August 2028 to 3 August 2036 |
| Number of Stock Acquisition Rights | Total to be issued: 83,500 rights. The number of unexercised rights is Not disclosed. |
| Reason for acquisition without consideration | A corporate reorganization, the holder ceasing to be an officer or employee of the Company, its subsidiaries or an equivalent entity, criminal sanctions, competition with the Company, damage to the Company's credit, bankruptcy or similar events, disciplinary grounds under the employment rules, or a breach of duties as a director or other similar event. |
| Categories and Number of Persons Covered | 18 employees of the Company and its subsidiaries, 83,500 rights |
| Procedures under the Corporate Code of Conduct | The issuance will be carried out pursuant to a resolution of the Board of Directors without obtaining shareholder approval. Because the stock acquisition rights will be issued free of charge at fair value and on terms that are not particularly favorable, the Company explains that the issuance does not constitute an issuance on particularly favorable terms. |
Items this document does not state (16)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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.To retain employees, promote the sharing of value with shareholders, and enhance their motivation to increase corporate value over the medium to long term. The issuance is also intended to encourage the recipients' continued contributions and contribute to the sustainable growth of the Group and the interests of existing 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.