Worth reading
30Immaterial
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
1024300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of market-price-based stock options (share subscription rights), Issuance of stock compensation-type stock options (share subscription rights)
発行・処分する株式数
Market-price-based 1,028 rights × 100 shares = 102,800 shares (number of shares underlying the share subscription rights) / Stock compensation-type 9,215 rights × 100 shares = 921,500 shares (number of shares underlying the share subscription rights)
Intended allottee
Name The Company’s employees and directors of its wholly owned subsidiaries / Number of Employees 277 in total / Number of stock acquisition rights 1,028 rights, Name The Company’s employees and directors of its subsidiaries / Number of Employees 16 in total / Number of stock acquisition rights 9,215 rights
The issuance price of the share subscription rights is nil. The exercise price will be the average closing price for the month preceding the month in which the allotment date falls for the market-price-based options, provided that it will be the closing price on the allotment date if lower, and ¥1 per share for the stock compensation-type options.
Amount of funds to be raised
There will be no payment upon issuance of the share subscription rights, and the total amount payable upon exercise has not been determined. The estimated net proceeds are Not disclosed.
Terms of the stock acquisition rights
Exercise price
For the market-price-based options, the exercise price is the average closing price for the month preceding the month in which the allotment date falls, or the closing price on the allotment date if lower. For the stock compensation-type options, the exercise price is ¥1 per share. Adjustment provisions apply in the event of a stock split, consolidation or similar event. The floor price is Not disclosed.
Exercise period
Type Market-price-based / Start Date 7 August 2028 / End date 6 August 2036, Type Stock compensation-type / Start Date 1 July 2029 / End date 21 August 2056
Number of Stock Acquisition Rights
Total number issued Market-price-based: 1,028 rights; stock compensation-type: 9,215 rights / Number of unexercised units Not disclosed
Reason for acquisition without consideration
If a proposal concerning a corporate reorganization or similar transaction is approved, or if a holder of the share subscription rights becomes unable to exercise the rights, including for any other reason.
Categories and Number of Persons Covered
Market-price-based: the Company’s employees and directors of its wholly owned subsidiaries, 277 in total, 1,028 rights. Stock compensation-type: the Company’s employees and directors of its subsidiaries, 16 in total, 9,215 rights.
Payment date
No cash payment is required upon issuance of the share subscription rights.
Basis for determining the amount to be paid
For the market-price-based options, the issue price is based on the average closing price of the Company’s common stock in regular trading on the Tokyo Stock Exchange during the month preceding the month in which the allotment date falls, and will be the closing price on the allotment date if lower. No discount or premium rate is disclosed. For the stock compensation-type options, the price is ¥1 per share.
Procedures under the Corporate Code of Conduct
The Board of Directors resolved to issue the rights. Whether an opinion was obtained from an independent third party or shareholder approval was sought is Not disclosed.
Impact on Business Performance
The impact on performance is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of market-price-based stock options (share subscription rights), Issuance of stock compensation-type stock options (share subscription rights) |
| Number of shares to be issued or disposed of | Market-price-based 1,028 rights × 100 shares = 102,800 shares (number of shares underlying the share subscription rights) / Stock compensation-type 9,215 rights × 100 shares = 921,500 shares (number of shares underlying the share subscription rights) |
| Issue price and disposal price | The issuance price of the share subscription rights is nil. The exercise price will be the average closing price for the month preceding the month in which the allotment date falls for the market-price-based options, provided that it will be the closing price on the allotment date if lower, and ¥1 per share for the stock compensation-type options. |
| Amount of funds to be raised | There will be no payment upon issuance of the share subscription rights, and the total amount payable upon exercise has not been determined. The estimated net proceeds are Not disclosed. |
| Payment date | No cash payment is required upon issuance of the share subscription rights. |
| Intended allottee | Name The Company’s employees and directors of its wholly owned subsidiaries / Number of Employees 277 in total / Number of stock acquisition rights 1,028 rights, Name The Company’s employees and directors of its subsidiaries / Number of Employees 16 in total / Number of stock acquisition rights 9,215 rights |
| Basis for determining the amount to be paid | For the market-price-based options, the issue price is based on the average closing price of the Company’s common stock in regular trading on the Tokyo Stock Exchange during the month preceding the month in which the allotment date falls, and will be the closing price on the allotment date if lower. No discount or premium rate is disclosed. For the stock compensation-type options, the price is ¥1 per share. |
| Exercise price | For the market-price-based options, the exercise price is the average closing price for the month preceding the month in which the allotment date falls, or the closing price on the allotment date if lower. For the stock compensation-type options, the exercise price is ¥1 per share. Adjustment provisions apply in the event of a stock split, consolidation or similar event. The floor price is Not disclosed. |
| Exercise period | Type Market-price-based / Start Date 7 August 2028 / End date 6 August 2036, Type Stock compensation-type / Start Date 1 July 2029 / End date 21 August 2056 |
| Number of Stock Acquisition Rights | Total number issued Market-price-based: 1,028 rights; stock compensation-type: 9,215 rights / Number of unexercised units Not disclosed |
| Reason for acquisition without consideration | If a proposal concerning a corporate reorganization or similar transaction is approved, or if a holder of the share subscription rights becomes unable to exercise the rights, including for any other reason. |
| Categories and Number of Persons Covered | Market-price-based: the Company’s employees and directors of its wholly owned subsidiaries, 277 in total, 1,028 rights. Stock compensation-type: the Company’s employees and directors of its subsidiaries, 16 in total, 9,215 rights. |
| Procedures under the Corporate Code of Conduct | The Board of Directors resolved to issue the rights. Whether an opinion was obtained from an independent third party or shareholder approval was sought is Not disclosed. |
| Impact on Business Performance | The impact on performance is Not disclosed. |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor 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.To further strengthen recipients’ motivation and morale to contribute to improving the Company’s medium- to long-term performance, and to further promote management that emphasizes 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.