Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
2966000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options to employees
Who receives how much
2,966,000 common shares (29,660 share acquisition rights, each representing 100 shares)
42 employees of the Company29,660 share acquisition rights (equivalent to 2,966,000 common shares)
The lower thin line represents the existing number of shares to which these shares will be added.
No consideration per stock acquisition right
Total issue value
No consideration
Terms of the stock acquisition rights
Exercise price
The average closing price on each trading day during the month preceding the month in which the allocation date falls. However, if this is lower than the closing price on the allocation date, the closing price on the allocation date will apply. Adjustment provisions apply in connection with share splits, consolidations and similar events. The specific lower limit is Not disclosed.
Exercise period
1 May 2028 to 30 April 2031
Number of Stock Acquisition Rights
Total issued: 29,660 share acquisition rights. Number of unexercised rights: Not disclosed.
Reason for acquisition without consideration
If approval is granted for a merger or other transaction in which the Company becomes the disappearing company, or if a holder becomes unable to exercise the rights before exercising them under the exercise conditions, the Company may acquire all or the applicable portion of the rights at no cost upon the arrival of a date separately determined by the Board of Directors.
Categories and Number of Persons Covered
42 employees of the Company, 29,660 share acquisition rights
Intended allottee's holding policy
Any acquisition of the share acquisition rights through transfer requires approval by resolution of the Company's Board of Directors.
Basis for determining the amount to be paid
The amount will be based on the average closing price of the Company's common shares on the Tokyo Stock Exchange on each trading day during the month preceding the month in which the allocation date falls, rounded up to the nearest yen. If this amount is lower than the closing price on the allocation date, the closing price on the allocation date will apply. No discount or premium rate is disclosed.
Procedures under the Corporate Code of Conduct
Resolved at the Board of Directors meeting held on 14 April 2026. Whether an independent third-party opinion was obtained and whether shareholder approval was sought is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options to employees |
| Number of shares to be issued or disposed of | 2,966,000 common shares (29,660 share acquisition rights, each representing 100 shares) |
| Issue price and disposal price | No consideration per stock acquisition right |
| Total issue value | No consideration |
| Intended allottee | Name 42 employees of the Company / Number of Shares 29,660 share acquisition rights (equivalent to 2,966,000 common shares) |
| Intended allottee's holding policy | Any acquisition of the share acquisition rights through transfer requires approval by resolution of the Company's Board of Directors. |
| Basis for determining the amount to be paid | The amount will be based on the average closing price of the Company's common shares on the Tokyo Stock Exchange on each trading day during the month preceding the month in which the allocation date falls, rounded up to the nearest yen. If this amount is lower than the closing price on the allocation date, the closing price on the allocation date will apply. No discount or premium rate is disclosed. |
| Exercise price | The average closing price on each trading day during the month preceding the month in which the allocation date falls. However, if this is lower than the closing price on the allocation date, the closing price on the allocation date will apply. Adjustment provisions apply in connection with share splits, consolidations and similar events. The specific lower limit is Not disclosed. |
| Exercise period | 1 May 2028 to 30 April 2031 |
| Number of Stock Acquisition Rights | Total issued: 29,660 share acquisition rights. Number of unexercised rights: Not disclosed. |
| Reason for acquisition without consideration | If approval is granted for a merger or other transaction in which the Company becomes the disappearing company, or if a holder becomes unable to exercise the rights before exercising them under the exercise conditions, the Company may acquire all or the applicable portion of the rights at no cost upon the arrival of a date separately determined by the Board of Directors. |
| Categories and Number of Persons Covered | 42 employees of the Company, 29,660 share acquisition rights |
| Procedures under the Corporate Code of Conduct | Resolved at the Board of Directors meeting held on 14 April 2026. Whether an independent third-party opinion was obtained and whether shareholder approval was sought is Not disclosed. |
Items this document does not state (15)
Amount 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 increase employee motivation and morale, strengthen unity, and provide incentives that contribute to sustained growth in shareholder value, with a view to expanding business performance and increasing corporate value 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.