Worth reading
63In focus
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
80000
Shares (maximum)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights for subscription (paid stock options)
Who receives how much
500 common shares per stock acquisition right; 160 rights, for a total of 80,000 shares
4 of the Company’s directors160 stock acquisition rights, equivalent to a total of 80,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥22,050 per stock acquisition right
Total issue value
¥3,528,000 (¥22,050 × 160 rights)
Amount of funds to be raised
Total payment amount: ¥3,528,000; estimated net proceeds: Not disclosed
Terms of the stock acquisition rights
Exercise price
Initially ¥2,950 per share. Adjustment provisions apply in connection with share splits and consolidations, the issuance of new shares and disposal of treasury shares, dividends, reorganizations and other events. Floor: Not disclosed
Exercise period
From the date falling 3 years after the date of the Board of Directors’ resolution granting the rights until the date falling 10 years after the resolution date
Number of Stock Acquisition Rights
Total number issued: 160 rights; unexercised rights: Not disclosed
Reason for acquisition without consideration
If approval or other consent is granted for a merger, company split, share exchange or similar transaction, or if the rights can no longer be exercised under the exercise conditions
Categories and Number of Persons Covered
4 directors of the company; 160 rights (equivalent to 80,000 shares)
Basis for determining the amount to be paid
Bridge Consulting Group Inc., an independent valuation institution, calculated the fair value using a binomial model based on a closing share price of ¥2,950 on 26 March 2026, stock price volatility of 51.16%, a dividend yield of 3.32%, a risk-free interest rate of 2.27%, an exercise price of ¥2,950 per share, a 10-year term to maturity, and stock price conditions. The issue price is equal to this fair value.
Procedures under the Corporate Code of Conduct
The issue price was determined with reference to the valuation by an independent valuation institution. As the rights are issued for consideration at fair value and on terms that are not particularly favorable, shareholder approval will not be sought.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights for subscription (paid stock options) |
| Number of shares to be issued or disposed of | 500 common shares per stock acquisition right; 160 rights, for a total of 80,000 shares |
| Issue price and disposal price | ¥22,050 per stock acquisition right |
| Total issue value | ¥3,528,000 (¥22,050 × 160 rights) |
| Amount of funds to be raised | Total payment amount: ¥3,528,000; estimated net proceeds: Not disclosed |
| Intended allottee | Name 4 of the Company’s directors / Number of Shares 160 stock acquisition rights, equivalent to a total of 80,000 shares |
| Basis for determining the amount to be paid | Bridge Consulting Group Inc., an independent valuation institution, calculated the fair value using a binomial model based on a closing share price of ¥2,950 on 26 March 2026, stock price volatility of 51.16%, a dividend yield of 3.32%, a risk-free interest rate of 2.27%, an exercise price of ¥2,950 per share, a 10-year term to maturity, and stock price conditions. The issue price is equal to this fair value. |
| Exercise price | Initially ¥2,950 per share. Adjustment provisions apply in connection with share splits and consolidations, the issuance of new shares and disposal of treasury shares, dividends, reorganizations and other events. Floor: Not disclosed |
| Exercise period | From the date falling 3 years after the date of the Board of Directors’ resolution granting the rights until the date falling 10 years after the resolution date |
| Number of Stock Acquisition Rights | Total number issued: 160 rights; unexercised rights: Not disclosed |
| Reason for acquisition without consideration | If approval or other consent is granted for a merger, company split, share exchange or similar transaction, or if the rights can no longer be exercised under the exercise conditions |
| Categories and Number of Persons Covered | 4 directors of the company; 160 rights (equivalent to 80,000 shares) |
| Procedures under the Corporate Code of Conduct | The issue price was determined with reference to the valuation by an independent valuation institution. As the rights are issued for consideration at fair value and on terms that are not particularly favorable, shareholder approval will not be sought. |
Items this document does not state (15)
Estimated 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.To enhance the directors’ motivation and morale and strengthen their unity toward expanding business performance and maximizing corporate value. The issuance is also intended to share stock price volatility risk with shareholders and provide an incentive to expand business performance.
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.