Worth reading
53Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
1000000
Number of potential sharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Approval of the partial transfer of Series 10 Stock Acquisition Rights (fixed exercise price) issued through a third-party allotment
Who receives how much
Transfer of 10,000 rights (1,000,000 underlying common shares)
FOU JOHN CHI CHONG (transferee, 10,000 rights and 1,000,000 shares)
The lower thin line represents the existing number of shares to which these shares will be added.
Amount of funds to be raised
Entire Series 10 Stock Acquisition Rights: ¥6,812.19 million (¥14.49 million raised from the issuance of the stock acquisition rights and ¥6,797.7 million from their exercise)
Specific use of funds
Funding needs related to the grid-scale battery storage business
Terms of the stock acquisition rights
Exercise price
¥971.1 (fixed type; no adjustment provision disclosed)
Exercise period
26 June 2026 to 25 June 2031
Number of Stock Acquisition Rights
Total issuance: 70,000 rights. Sustainable Energy's holdings as of 13 November 2026: 48,673 rights. 10,000 rights transferred in this transaction. Total unexercised balance: Not disclosed.
Intended allottee's holding policy
The acquisition is for pure investment purposes. The common shares acquired through exercise will be sold at an appropriate time and in an appropriate manner, taking market conditions into consideration. Following the transfer, the rights will be exercised promptly while taking market conditions into consideration.
Procedures under the Corporate Code of Conduct
Approved by a resolution of the Board of Directors. Procedures concerning the obtaining of an independent third-party opinion and confirmation of shareholder intent: Not disclosed.
Most recent equity financing
Timing 25 June 2026 / Type Series 8 to Series 10 Stock Acquisition Rights (fixed exercise price) issued through a third-party allotment / Amount Total issue price of Series 10 Stock Acquisition Rights: ¥14.49 million; amount raised: ¥6,812.19 million
Impact on Business Performance
The transfer of these stock acquisition rights will have no impact on the Company's business results.
| Item | Details |
|---|---|
| Type of issuance or disposal | Approval of the partial transfer of Series 10 Stock Acquisition Rights (fixed exercise price) issued through a third-party allotment |
| Number of shares to be issued or disposed of | Transfer of 10,000 rights (1,000,000 underlying common shares) |
| Amount of funds to be raised | Entire Series 10 Stock Acquisition Rights: ¥6,812.19 million (¥14.49 million raised from the issuance of the stock acquisition rights and ¥6,797.7 million from their exercise) |
| Specific use of funds | Details Funding needs related to the grid-scale battery storage business / Amount Not disclosed / Scheduled timing of expenditures Not disclosed |
| Intended allottee | FOU JOHN CHI CHONG (transferee, 10,000 rights and 1,000,000 shares) |
| Intended allottee's holding policy | The acquisition is for pure investment purposes. The common shares acquired through exercise will be sold at an appropriate time and in an appropriate manner, taking market conditions into consideration. Following the transfer, the rights will be exercised promptly while taking market conditions into consideration. |
| Exercise price | ¥971.1 (fixed type; no adjustment provision disclosed) |
| Exercise period | 26 June 2026 to 25 June 2031 |
| Number of Stock Acquisition Rights | Total issuance: 70,000 rights. Sustainable Energy's holdings as of 13 November 2026: 48,673 rights. 10,000 rights transferred in this transaction. Total unexercised balance: Not disclosed. |
| Procedures under the Corporate Code of Conduct | Approved by a resolution of the Board of Directors. Procedures concerning the obtaining of an independent third-party opinion and confirmation of shareholder intent: Not disclosed. |
| Most recent equity financing | Timing 25 June 2026 / Type Series 8 to Series 10 Stock Acquisition Rights (fixed exercise price) issued through a third-party allotment / Amount Total issue price of Series 10 Stock Acquisition Rights: ¥14.49 million; amount raised: ¥6,812.19 million |
| Impact on Business Performance | The transfer of these stock acquisition rights will have no impact on the Company's business results. |
Items this document does not state (16)
Issue price and disposal priceTotal issue valueEstimated issuance expensesPayment dateDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor shareholders after the offering
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 stated that the transferee intends to promptly exercise the stock acquisition rights, enabling early fundraising in line with funding needs for the grid-scale battery storage business and other purposes, and that it determined the transfer would facilitate fundraising and contribute to the progress of that business.
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