Worth reading
36Immaterial
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
300000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Expiration of the paid stock options with mandatory exercise provision (15th Stock Acquisition Rights)
Intended allottee
Oshita Junji (尾下順治): 3,000 Stock Acquisition Rights (underlying shares: 300,000)
Terms of the stock acquisition rights
Exercise price
¥1,175 per share. The mandatory exercise condition is triggered when the closing price in ordinary trading falls below ¥235, equivalent to 20% of the exercise price. Adjustment provision and floor: Not disclosed
Exercise period
31 December 2017 to 22 May 2026
Number of Stock Acquisition Rights
Total issued: 3,000 (300,000 shares); unexercised balance: 3,000 (300,000 shares); expired: 3,000 (300,000 shares); after expiration: 0 (0 shares)
Most recent equity financing
15th Stock Acquisition Rights allotted on 23 May 2016 (paid-issue Stock Acquisition Rights)
Impact on Business Performance
The impact of the expiration of these Stock Acquisition Rights on results for the fiscal year ending September 2026 is expected to be immaterial.
| Item | Details |
|---|---|
| Type of issuance or disposal | Expiration of the paid stock options with mandatory exercise provision (15th Stock Acquisition Rights) |
| Intended allottee | Oshita Junji (尾下順治): 3,000 Stock Acquisition Rights (underlying shares: 300,000) |
| Exercise price | ¥1,175 per share. The mandatory exercise condition is triggered when the closing price in ordinary trading falls below ¥235, equivalent to 20% of the exercise price. Adjustment provision and floor: Not disclosed |
| Exercise period | 31 December 2017 to 22 May 2026 |
| Number of Stock Acquisition Rights | Total issued: 3,000 (300,000 shares); unexercised balance: 3,000 (300,000 shares); expired: 3,000 (300,000 shares); after expiration: 0 (0 shares) |
| Most recent equity financing | 15th Stock Acquisition Rights allotted on 23 May 2016 (paid-issue Stock Acquisition Rights) |
| Impact on Business Performance | The impact of the expiration of these Stock Acquisition Rights on results for the fiscal year ending September 2026 is expected to be immaterial. |
Items this document does not state (21)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution 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 RatioProcedures under the Corporate Code of ConductMajor 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 situation in which exercise was not progressing continued, and the Stock Acquisition Rights were not exercised by the last day of the exercise period. Even after the mandatory exercise conditions were triggered, the Company and the Stock Acquisition Rights holders held differing views regarding the obligation to exercise.
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.