Flexible Financing Through Stock Acquisition Rights with an Exercise Price Adjustment Clause
First written in FY2024-Q1. 4 of 6 entries say "Advanced", first in FY2024-Q2. Latest entry: FY2027-H1.
20 other companies' latest entry also says "Advanced".
- FY2027-H1AdvancedAnnual report
「Ninth Series of Stock Acquisition Rights with an Exercise-Price Adjustment Clause (3 August 2026)」
It issued the Ninth Series of Stock Acquisition Rights with an exercise-price adjustment clause on 3 August 2026. The issue covers a maximum of 1,495,500 shares, has an exercise period from 4 August 2026 to 1 August 2031, and has a minimum exercise price of ¥1,805, establishing a new framework for flexible financing. - 2026-08-03AchievedShare Issuance and Disposal
「We hereby announce that we have confirmed the completion today of payment for the issuance of the Ninth Series of Stock Acquisition Rights issued through a third-party allotment, as resolved at the Board of Directors meeting held on 14 July 2026, as described below.」
Payment for the issuance of the Ninth Series of Stock Acquisition Rights has been completed, concluding the issuance procedures under the third-party allotment. - FY2024AdvancedAnnual report
「Fourth quarter Number of such bonds with stock acquisition rights and other instruments with an exercise price adjustment clause exercised during the period (units): — 47th fiscal year Number of such instruments exercised during the period (units): 11,400 Number of shares delivered upon exercise during the period (shares): 1,140,000 Financing raised through exercises during the period (¥ millions): 2,197」
For the Eighth Series of Stock Acquisition Rights with an Exercise Price Adjustment Clause, 11,400 rights were exercised during the full fiscal year, 1,140,000 shares were delivered and ¥2,197 million was raised, as confirmed in the full-year disclosure. - FY2024-Q3AdvancedAnnual report
「Number of such bonds with stock acquisition rights and other instruments with an exercise price adjustment clause exercised during the quarter (units): 5,100; number of shares delivered upon exercise during the quarter (shares): 510,000; financing raised through exercises during the quarter (¥ millions): 944; cumulative number of such instruments exercised as of the end of the quarter (units): 11,400; cumulative number of shares delivered through such instruments as of the end of the quarter (shares): 1,140,000; cumulative financing raised through such instruments as of the end of the quarter (¥ millions): 2,197」
For the Eighth Series of Stock Acquisition Rights with an Exercise Price Adjustment Clause, the Company raised ¥944 million during the third quarter, bringing cumulative shares delivered to 1,140,000 and cumulative financing raised to ¥2,197 million. - FY2024-Q2AdvancedAnnual report
「Number of such bonds with stock acquisition rights and other instruments with an exercise price adjustment clause exercised during the second quarter (units): 4,900; number of shares delivered upon exercise during the second quarter (shares): 490,000; financing raised through exercises during the second quarter (¥ millions): 967; cumulative financing raised through such instruments as of the end of the second quarter (¥ millions): 1,253」
For the Eighth Series of Stock Acquisition Rights with an Exercise Price Adjustment Clause, the Company raised ¥967 million during the second quarter, bringing cumulative financing raised to ¥1,253 million. - FY2024-Q1First statedAnnual report
「The number of shares underlying each stock acquisition right is fixed at 100, and the total number of shares underlying the stock acquisition rights is 1,140,000. The exercise period for the stock acquisition rights is approximately 3 years from the trading day following the allotment date, from 15 May 2023 to 15 May 2026. From the trading day following the allotment date through 13 April 2026, the Company may, at its discretion, designate to the allottees that the stock acquisition rights should be exercised and specify the number of stock acquisition rights to be exercised (the “Exercise Designation”), taking into account the post-issuance share price and the timing of increased financing needs, in order to secure financing flexibly.」
The Company issued the Eighth Series of Stock Acquisition Rights with an Exercise Price Adjustment Clause on 12 May 2023, setting a maximum of 1,140,000 shares and an exercise period from 15 May 2023 to 15 May 2026. It disclosed for the first time its policy of pursuing flexible financing through a mechanism under which the Company may, at its discretion, issue exercise or suspension designations to the allottees based on the share price and financing needs. During the first quarter, 1,400 rights were exercised, raising ¥285 million.