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Share Issuance and Disposal278ATerra Drone CorporationElectrical Equipment and Precision Instruments

Notice Regarding the Large-Scale Exercise and Completion of Exercise of the 21st Series Stock Acquisition Rights (with Exercise Price Adjustment Clause), and Monthly Exercise Status

On 7 September 2026, 1,020 of the 21st Series of Stock Acquisition Rights were exercised, completing the exercise of all stock acquisition rights. As a result, 102,000 new shares were issued.

Worth reading
70In focus
Scored from 3 of 5 sections
Direction
Neutral
Direction inferred from the company’s description.
Scale
102000
Shares
Wording
Definitive
How definitive the wording is.

Details of issuance or disposal

Report on the exercise and completion of exercise of stock acquisition rights with exercise price adjustment clauses

Who receives how much

102,000 new shares (0 treasury shares transferred)

Mizuho Securities Co., Ltd. (allotted on 6 July 2026)

The lower thin line represents the existing number of shares to which these shares will be added.

Amount of funds to be raised

Cumulative funds raised through the 18th to 21st Series of Stock Acquisition Rights: ¥11,923,158,900 (including the aggregate issue price of each series of stock acquisition rights)

Existing Shares and Increase
+1.04%Rate of increase
10,662,800 shares10,764,800Shares

1.04% (102,000 shares issued across all series / 9,775,900 listed shares outstanding as of the payment date for the issue)

The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.

Terms of the stock acquisition rights
Exercise price
¥20,000 on 7 September 2026. ¥20,539 from 1 to 4 September. Details of the exercise price adjustment clause and the adjustment floor: not disclosed
Number of Stock Acquisition Rights
Total issued: 2,133 rights (a figure calculated from the statement that 1,020 rights represented 47.82% of the total issued). Remaining unexercised: 0 rights
Offering structure
Underwriter / lead underwriter
Mizuho Securities Co., Ltd.
Procedures under the Corporate Code of Conduct
Describes compliance with exercise restrictions under Article 434 of the Tokyo Stock Exchange's Securities Listing Regulations and the Japan Securities Dealers Association's Rules Concerning the Handling of Third-Party Allotments and Other Matters
Most recent equity financing
6 July 2026: Third-party allotment of the 18th to 21st Series of Stock Acquisition Rights (Stages 1, 2, 3 and 4) to Mizuho Securities Co., Ltd. Cumulative funds raised: ¥11,923,158,900 (including the aggregate issue price of each series of stock acquisition rights), 6 July 2026: 23rd to 25th Series of Stock Acquisition Rights with fixed exercise prices issued to Representative Director and President Tokushige Toru (徳重徹). Cumulative funds raised: ¥60,482,400 (including the aggregate issue price of each series of stock acquisition rights)
Details of issuance or disposal
ItemDetails
Type of issuance or disposalReport on the exercise and completion of exercise of stock acquisition rights with exercise price adjustment clauses
Number of shares to be issued or disposed of102,000 new shares (0 treasury shares transferred)
Amount of funds to be raisedCumulative funds raised through the 18th to 21st Series of Stock Acquisition Rights: ¥11,923,158,900 (including the aggregate issue price of each series of stock acquisition rights)
Intended allotteeMizuho Securities Co., Ltd. (allotted on 6 July 2026)
Dilution Rate1.04% (102,000 shares issued across all series / 9,775,900 listed shares outstanding as of the payment date for the issue)
Total number of issued shares10,662,800 shares (as of the end of the month preceding the relevant month, including 0 treasury shares) → 10,764,800 shares
Exercise price¥20,000 on 7 September 2026. ¥20,539 from 1 to 4 September. Details of the exercise price adjustment clause and the adjustment floor: not disclosed
Number of Stock Acquisition RightsTotal issued: 2,133 rights (a figure calculated from the statement that 1,020 rights represented 47.82% of the total issued). Remaining unexercised: 0 rights
Underwriter / lead underwriterMizuho Securities Co., Ltd.
Procedures under the Corporate Code of ConductDescribes compliance with exercise restrictions under Article 434 of the Tokyo Stock Exchange's Securities Listing Regulations and the Japan Securities Dealers Association's Rules Concerning the Handling of Third-Party Allotments and Other Matters
Most recent equity financing6 July 2026: Third-party allotment of the 18th to 21st Series of Stock Acquisition Rights (Stages 1, 2, 3 and 4) to Mizuho Securities Co., Ltd. Cumulative funds raised: ¥11,923,158,900 (including the aggregate issue price of each series of stock acquisition rights), 6 July 2026: 23rd to 25th Series of Stock Acquisition Rights with fixed exercise prices issued to Representative Director and President Tokushige Toru (徳重徹). Cumulative funds raised: ¥60,482,400 (including the aggregate issue price of each series of stock acquisition rights)
Items this document does not state (17)
Issue price and disposal priceTotal issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyBasis for determining the amount to be paidExercise periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationOverallotmentStock Split RatioMajor 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 Company is reporting the monthly exercise status because a bulk exercise took place on 7 September 2026 and the exercise of all stock acquisition rights was completed as of that date. The Company explained that, due to the rise in its share price, some of the rights were exercised at exercise prices higher than the initial exercise price, resulting in financing that exceeded the expected amount by ¥289,990,200.

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.
Notice Regarding the Large-Scale Exercise and Completion of Exercise of the 21st Series Stock Acquisition Rights (with Exercise Price Adjustment Clause), and Monthly Exercise Status | Terra Drone Corporation (278A) timely disclosure | Komori