Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
7600
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock compensation-type stock options (share subscription rights)
Who receives how much
7,600 common shares (76 stock acquisition rights × 100 shares per right)
8 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors, 76 rights
The lower thin line represents the existing number of shares to which these shares will be added.
The amount obtained by multiplying the fair value per share of the stock options, calculated using the Black-Scholes model on the allotment date of the stock acquisition rights, by the number of shares granted
Terms of the stock acquisition rights
Exercise price
¥1 per share. Amendment provisions are Not disclosed (stated as a fixed amount).
Exercise period
From 13 June 2026 to 12 June 2056
Number of Stock Acquisition Rights
Total issued: 76 rights. The number of unexercised rights is Not disclosed.
Reason for acquisition without consideration
If, before exercising the rights, a holder becomes unable to exercise them under the prescribed exercise conditions or the stock acquisition rights allotment agreement. If a proposal for a merger, company split, share exchange, share transfer, conversion into a company with transfer-restricted shares, or similar transaction is approved.
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 rights may be exercised in a lump sum only during the period ending 10 days after the day following the date on which the holder ceases to hold office as a director (or on the next business day if the 10th day is a holiday). Other conditions are governed by the stock acquisition rights allotment agreement.
Categories and Number of Persons Covered
8 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors, 76 rights
Basis for determining the amount to be paid
The fair value per right calculated using the Black-Scholes model on the allotment date of the stock acquisition rights. The periods used as the basis for the closing price and average share price, and the discount and premium rates are Not disclosed.
Procedures under the Corporate Code of Conduct
Resolved at the Board of Directors meeting held on 28 May 2026. Whether an independent third-party opinion was obtained and whether shareholder approval was sought are Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock compensation-type stock options (share subscription rights) |
| Number of shares to be issued or disposed of | 7,600 common shares (76 stock acquisition rights × 100 shares per right) |
| Issue price and disposal price | The amount obtained by multiplying the fair value per share of the stock options, calculated using the Black-Scholes model on the allotment date of the stock acquisition rights, by the number of shares granted |
| Intended allottee | 8 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors, 76 rights |
| Basis for determining the amount to be paid | The fair value per right calculated using the Black-Scholes model on the allotment date of the stock acquisition rights. The periods used as the basis for the closing price and average share price, and the discount and premium rates are Not disclosed. |
| Exercise price | ¥1 per share. Amendment provisions are Not disclosed (stated as a fixed amount). |
| Exercise period | From 13 June 2026 to 12 June 2056 |
| Number of Stock Acquisition Rights | Total issued: 76 rights. The number of unexercised rights is Not disclosed. |
| Conditions for lifting transfer restrictions | The rights may be exercised in a lump sum only during the period ending 10 days after the day following the date on which the holder ceases to hold office as a director (or on the next business day if the 10th day is a holiday). Other conditions are governed by the stock acquisition rights allotment agreement. |
| Reason for acquisition without consideration | If, before exercising the rights, a holder becomes unable to exercise them under the prescribed exercise conditions or the stock acquisition rights allotment agreement. If a proposal for a merger, company split, share exchange, share transfer, conversion into a company with transfer-restricted shares, or similar transaction is approved. |
| Categories and Number of Persons Covered | 8 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors, 76 rights |
| Procedures under the Corporate Code of Conduct | Resolved at the Board of Directors meeting held on 28 May 2026. Whether an independent third-party opinion was obtained and whether shareholder approval was sought are Not disclosed. |
Items this document does not state (16)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution 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.The purpose is to further enhance the directors’ motivation and morale to contribute to improving the Company’s medium- to long-term performance and 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.