Worth reading
43Recurring
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
126600
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of share acquisition rights as stock options
Who receives how much
1,266 stock acquisition rights, representing 126,600 common shares of the Company underlying the rights (100 shares per right)
40 employees of the Company626 rights
14 directors of the Company’s subsidiaries257 rights
26 employees of the Company’s subsidiaries383 rights
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
The amount payable per stock acquisition right will be determined by the Board of Directors based on the fair value calculated using a fair valuation method such as the Black-Scholes model.
Amount of funds to be raised
Because the amount payable for the stock acquisition rights will be offset against compensation receivables of the same amount owed to the recipients, the actual amount of funds raised and estimated net proceeds are Not disclosed
Total Stock-Based Compensation
Compensation receivables equal to the amount payable for the stock acquisition rights; the amount is Not disclosed
Terms of the stock acquisition rights
Exercise price
Average closing price on each trading day in the month preceding the month of allotment × 1.05 (fractions of less than ¥1 rounded up). If this amount is below the closing price on the allotment date, the exercise price will be the closing price on the allotment date. Adjustment provisions apply in connection with stock splits, consolidations and other events.
Exercise period
Start Date 28 August 2028 / End date 27 August 2036
Number of Stock Acquisition Rights
Total number issued 1,266 rights / Unexercised balance Not disclosed
Reason for acquisition without consideration
If approval is granted for a merger agreement under which the Company is the disappearing company, a corporate demerger agreement or plan under which the Company is the splitting company, or a share exchange agreement, share delivery plan or share transfer plan under which the Company becomes a wholly owned subsidiary, the Company may acquire all of the stock acquisition rights without consideration upon the arrival of a date separately determined by the Company’s Board of Directors., If a holder of stock acquisition rights becomes unable to exercise the rights under the exercise conditions before exercising them, the Company may acquire the relevant stock acquisition rights free of charge upon the arrival of a date separately determined by the Company's Board of Directors.
Categories and Number of Persons Covered
Category The Company's employees / Number of Employees 40 people / Number of allocated shares Equivalent to 62,600 shares (626 rights), Category Directors of the company's subsidiaries / Number of Employees 14 / Number of allocated shares Equivalent to 25,700 shares (257 rights), Category Employees of the company's subsidiaries / Number of Employees 26 / Number of allocated shares Equivalent to 38,300 shares (383 rights)
Basis for determining the amount to be paid
The amount payable per stock acquisition right will be determined by the Board of Directors based on the fair value of the stock acquisition rights calculated using a fair valuation method such as the Black-Scholes model. The exercise price will be the average closing price on each trading day in the month preceding the month of allotment multiplied by 1.05. However, if this amount is below the closing price on the allotment date, the exercise price will be the closing price on the allotment date.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share acquisition rights as stock options |
| Number of shares to be issued or disposed of | 1,266 stock acquisition rights, representing 126,600 common shares of the Company underlying the rights (100 shares per right) |
| Issue price and disposal price | The amount payable per stock acquisition right will be determined by the Board of Directors based on the fair value calculated using a fair valuation method such as the Black-Scholes model. |
| Amount of funds to be raised | Because the amount payable for the stock acquisition rights will be offset against compensation receivables of the same amount owed to the recipients, the actual amount of funds raised and estimated net proceeds are Not disclosed |
| Intended allottee | Category 40 employees of the Company / Number of rights allotted 626 rights, Category 14 directors of the Company’s subsidiaries / Number of rights allotted 257 rights, Category 26 employees of the Company’s subsidiaries / Number of rights allotted 383 rights |
| Basis for determining the amount to be paid | The amount payable per stock acquisition right will be determined by the Board of Directors based on the fair value of the stock acquisition rights calculated using a fair valuation method such as the Black-Scholes model. The exercise price will be the average closing price on each trading day in the month preceding the month of allotment multiplied by 1.05. However, if this amount is below the closing price on the allotment date, the exercise price will be the closing price on the allotment date. |
| Exercise price | Average closing price on each trading day in the month preceding the month of allotment × 1.05 (fractions of less than ¥1 rounded up). If this amount is below the closing price on the allotment date, the exercise price will be the closing price on the allotment date. Adjustment provisions apply in connection with stock splits, consolidations and other events. |
| Exercise period | Start Date 28 August 2028 / End date 27 August 2036 |
| Number of Stock Acquisition Rights | Total number issued 1,266 rights / Unexercised balance Not disclosed |
| Reason for acquisition without consideration | If approval is granted for a merger agreement under which the Company is the disappearing company, a corporate demerger agreement or plan under which the Company is the splitting company, or a share exchange agreement, share delivery plan or share transfer plan under which the Company becomes a wholly owned subsidiary, the Company may acquire all of the stock acquisition rights without consideration upon the arrival of a date separately determined by the Company’s Board of Directors., If a holder of stock acquisition rights becomes unable to exercise the rights under the exercise conditions before exercising them, the Company may acquire the relevant stock acquisition rights free of charge upon the arrival of a date separately determined by the Company's Board of Directors. |
| Categories and Number of Persons Covered | Category The Company's employees / Number of Employees 40 people / Number of allocated shares Equivalent to 62,600 shares (626 rights), Category Directors of the company's subsidiaries / Number of Employees 14 / Number of allocated shares Equivalent to 25,700 shares (257 rights), Category Employees of the company's subsidiaries / Number of Employees 26 / Number of allocated shares Equivalent to 38,300 shares (383 rights) |
| Total Stock-Based Compensation | Compensation receivables equal to the amount payable for the stock acquisition rights; the amount is Not disclosed |
Items this document does not state (16)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsUnderwriter / 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.To further strengthen the linkage between the performance of the Company and its share value, enhance the recipients’ motivation and morale to improve performance, and increase the corporate value of the Company Group over the medium to long term.
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.