Worth reading
39Recurring
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
1740000
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance without consideration of stock acquisition rights as stock options
発行・処分する株式数
Up to 1,740,000 of the company's common shares (100 shares per share acquisition right)
Intended allottee
The company's directors, employees and secondees accepted by the company, Directors and employees of the company's subsidiaries, excluding listed subsidiaries
The stock acquisition rights will be issued free of charge (no monetary payment is required in exchange for the stock acquisition rights).
Terms of the stock acquisition rights
Exercise price
The higher of the amount obtained by multiplying the average closing price for each day of the month preceding the month in which the allocation date falls by 1.05, or the closing price on the allocation date. Adjustment provisions apply in the event of a share split, consolidation or similar event. No floor is specified.
Exercise period
From the date two years after the allocation date through 31 October 2032
Number of Stock Acquisition Rights
Up to 17,400 share acquisition rights. The number of outstanding unexercised rights is Not disclosed.
Reason for acquisition without consideration
If approved by the shareholders' meeting, a merger in which the company is the disappearing company or a share exchange or share transfer in which it becomes a wholly owned subsidiary; if the holder no longer satisfies the exercise conditions; or if any other forfeiture event applies.
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Conditions for lifting transfer restrictions
The holder must be a director or employee of the company or one of its subsidiaries at the time of exercise. Exercise is permitted in the event of retirement upon expiration of the term of office or mandatory retirement. Transfer, pledging and any other disposal are prohibited.
Categories and Number of Persons Covered
The company's directors, employees and secondees accepted by the company, and the directors and employees of the company's subsidiaries, excluding listed subsidiaries. The number of eligible persons and the number of shares allocated by category are Not disclosed.
Intended allottee's holding policy
The share acquisition rights may not be transferred, pledged or otherwise disposed of in any way. Acquisition of share acquisition rights by transfer requires approval by the board of directors.
Basis for determining the amount to be paid
The higher of the amount obtained by multiplying the average closing price on the Tokyo Stock Exchange for each day of the month preceding the month in which the allocation date falls by 1.05, or the closing price on the allocation date. This represents a 5% premium to the average share price.
Procedures under the Corporate Code of Conduct
The proposal will be submitted to the 35th annual shareholders' meeting scheduled for 29 October 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance without consideration of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | Up to 1,740,000 of the company's common shares (100 shares per share acquisition right) |
| Issue price and disposal price | The stock acquisition rights will be issued free of charge (no monetary payment is required in exchange for the stock acquisition rights). |
| Intended allottee | The company's directors, employees and secondees accepted by the company, Directors and employees of the company's subsidiaries, excluding listed subsidiaries |
| Intended allottee's holding policy | The share acquisition rights may not be transferred, pledged or otherwise disposed of in any way. Acquisition of share acquisition rights by transfer requires approval by the board of directors. |
| Basis for determining the amount to be paid | The higher of the amount obtained by multiplying the average closing price on the Tokyo Stock Exchange for each day of the month preceding the month in which the allocation date falls by 1.05, or the closing price on the allocation date. This represents a 5% premium to the average share price. |
| Exercise price | The higher of the amount obtained by multiplying the average closing price for each day of the month preceding the month in which the allocation date falls by 1.05, or the closing price on the allocation date. Adjustment provisions apply in the event of a share split, consolidation or similar event. No floor is specified. |
| Exercise period | From the date two years after the allocation date through 31 October 2032 |
| Number of Stock Acquisition Rights | Up to 17,400 share acquisition rights. The number of outstanding unexercised rights is Not disclosed. |
| Conditions for lifting transfer restrictions | The holder must be a director or employee of the company or one of its subsidiaries at the time of exercise. Exercise is permitted in the event of retirement upon expiration of the term of office or mandatory retirement. Transfer, pledging and any other disposal are prohibited. |
| Reason for acquisition without consideration | If approved by the shareholders' meeting, a merger in which the company is the disappearing company or a share exchange or share transfer in which it becomes a wholly owned subsidiary; if the holder no longer satisfies the exercise conditions; or if any other forfeiture event applies. |
| Categories and Number of Persons Covered | The company's directors, employees and secondees accepted by the company, and the directors and employees of the company's subsidiaries, excluding listed subsidiaries. The number of eligible persons and the number of shares allocated by category are Not disclosed. |
| Procedures under the Corporate Code of Conduct | The proposal will be submitted to the 35th annual shareholders' meeting scheduled for 29 October 2026. |
Items this document does not state (15)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTransfer restriction periodTotal 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 increase the eligible recipients' motivation and morale to improve performance and further enhance corporate value.
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.