Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
333
unitsWording
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
66,600 shares (333 stock acquisition rights × 200 shares each)
4 directors of the Company (excluding outside directors)66,600 shares (333 stock acquisition rights)
The lower thin line represents the existing number of shares to which these shares will be added.
Amount of funds to be raised
Total amount to be paid: Not disclosed; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Compensation receivables equivalent to the total payment amount for the stock acquisition rights. Amount: Not disclosed.
Terms of the stock acquisition rights
Exercise price
¥1 per share. No adjustment provisions.
Exercise period
Start Date 23 July 2026 / End date 22 July 2056
Number of Stock Acquisition Rights
Total number issued 333 rights / Unexercised balance Not disclosed
Reason for acquisition without consideration
If a proposal concerning a merger, company split, share exchange, share transfer, conversion into a company with transfer restrictions or similar transaction is approved at a shareholders’ meeting, or, where a shareholders’ meeting resolution is not required, if a resolution is adopted by the Board of Directors, the Company may acquire the stock acquisition rights without consideration on a date separately determined by the Board of Directors.
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
A holder of stock acquisition rights may exercise the stock acquisition rights allotted based on the relevant position from the day following the date on which the holder ceases to hold a position as a director of the Company.
Categories and Number of Persons Covered
4 of the Company’s directors, excluding outside directors; 333 rights (66,600 shares)
Payment date
22 July 2026
Basis for determining the amount to be paid
The payment amount for the stock acquisition rights is calculated using the Black-Scholes model. The share price is based on the closing price of the Company’s common stock on the Tokyo Stock Exchange on 22 July 2026; the exercise price is ¥1; the expected remaining term is 15 years; and share price volatility is calculated based on closing prices from 22 July 2011 to 22 July 2026. The discount rate and premium rate 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 | 66,600 shares (333 stock acquisition rights × 200 shares each) |
| Amount of funds to be raised | Total amount to be paid: Not disclosed; estimated net proceeds: Not disclosed |
| Payment date | 22 July 2026 |
| Intended allottee | Name 4 directors of the Company (excluding outside directors) / Number of Shares 66,600 shares (333 stock acquisition rights) |
| Basis for determining the amount to be paid | The payment amount for the stock acquisition rights is calculated using the Black-Scholes model. The share price is based on the closing price of the Company’s common stock on the Tokyo Stock Exchange on 22 July 2026; the exercise price is ¥1; the expected remaining term is 15 years; and share price volatility is calculated based on closing prices from 22 July 2011 to 22 July 2026. The discount rate and premium rate are Not disclosed. |
| Exercise price | ¥1 per share. No adjustment provisions. |
| Exercise period | Start Date 23 July 2026 / End date 22 July 2056 |
| Number of Stock Acquisition Rights | Total number issued 333 rights / Unexercised balance Not disclosed |
| Conditions for lifting transfer restrictions | A holder of stock acquisition rights may exercise the stock acquisition rights allotted based on the relevant position from the day following the date on which the holder ceases to hold a position as a director of the Company. |
| Reason for acquisition without consideration | If a proposal concerning a merger, company split, share exchange, share transfer, conversion into a company with transfer restrictions or similar transaction is approved at a shareholders’ meeting, or, where a shareholders’ meeting resolution is not required, if a resolution is adopted by the Board of Directors, the Company may acquire the stock acquisition rights without consideration on a date separately determined by the Board of Directors. |
| Categories and Number of Persons Covered | 4 of the Company’s directors, excluding outside directors; 333 rights (66,600 shares) |
| Total Stock-Based Compensation | Compensation receivables equivalent to the total payment amount for the stock acquisition rights. Amount: Not disclosed. |
Items this document does not state (15)
Issue price and disposal priceTotal issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 share with shareholders the benefits and risks of share price fluctuations and further increase directors’ motivation to contribute to higher share prices and enhanced 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.