Worth reading
34Immaterial
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
25000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share acquisition rights as stock options to directors
Who receives how much
25,000 common shares (250 share acquisition rights, each covering 100 shares)
6 directors of the CompanyEquivalent to 25,000 shares (250 share acquisition rights)
The lower thin line represents the existing number of shares to which these shares will be added.
An amount calculated by multiplying the per-share option price calculated using the Black-Scholes model on the allotment date by the number of underlying shares per share acquisition right
Amount of funds to be raised
As the payment will be offset against compensation receivables held by the directors against the company instead of being made in cash, there will be no payment amount or estimated net proceeds.
Terms of the stock acquisition rights
Exercise price
The initial exercise price is ¥66,400 per share acquisition right (¥664 per share). The adjustment provisions are Not disclosed.
Exercise period
Start Date 29 July 2028 / End date 26 June 2032
Number of Stock Acquisition Rights
Total number issued 250 rights / Number of unexercised units Not disclosed
Reason for acquisition without consideration
If a proposal for a merger in which the company is the disappearing company, a company split in which the company is the splitting company, or a share exchange or share transfer in which the company becomes a wholly owned subsidiary is approved, the company may acquire the share acquisition rights for no consideration on a date separately determined by the company's Board of Directors.
Categories and Number of Persons Covered
6 directors of the company; 250 allotted share acquisition rights (equivalent to 25,000 common shares)
Basis for determining the amount to be paid
Based on the per-share option price calculated using the Black-Scholes model on the allotment date. The periods used for the reference closing price and average share price, and the discount and premium rates, are Not disclosed.
Procedures under the Corporate Code of Conduct
Decided at a meeting of the Board of Directors held on 26 June 2026. Whether an opinion was obtained from an independent third party or shareholder approval was sought is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share acquisition rights as stock options to directors |
| Number of shares to be issued or disposed of | 25,000 common shares (250 share acquisition rights, each covering 100 shares) |
| Issue price and disposal price | An amount calculated by multiplying the per-share option price calculated using the Black-Scholes model on the allotment date by the number of underlying shares per share acquisition right |
| Amount of funds to be raised | As the payment will be offset against compensation receivables held by the directors against the company instead of being made in cash, there will be no payment amount or estimated net proceeds. |
| Intended allottee | Name 6 directors of the Company / Number of Shares Equivalent to 25,000 shares (250 share acquisition rights) |
| Basis for determining the amount to be paid | Based on the per-share option price calculated using the Black-Scholes model on the allotment date. The periods used for the reference closing price and average share price, and the discount and premium rates, are Not disclosed. |
| Exercise price | The initial exercise price is ¥66,400 per share acquisition right (¥664 per share). The adjustment provisions are Not disclosed. |
| Exercise period | Start Date 29 July 2028 / End date 26 June 2032 |
| Number of Stock Acquisition Rights | Total number issued 250 rights / Number of unexercised units Not disclosed |
| Reason for acquisition without consideration | If a proposal for a merger in which the company is the disappearing company, a company split in which the company is the splitting company, or a share exchange or share transfer in which the company becomes a wholly owned subsidiary is approved, the company may acquire the share acquisition rights for no consideration on a date separately determined by the company's Board of Directors. |
| Categories and Number of Persons Covered | 6 directors of the company; 250 allotted share acquisition rights (equivalent to 25,000 common shares) |
| Procedures under the Corporate Code of Conduct | Decided at a meeting of the Board of Directors held on 26 June 2026. Whether an opinion was obtained from an independent third party or shareholder approval was sought is Not disclosed. |
Items this document does not state (16)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal 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 increase the motivation and morale of the company's directors to enhance 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.