Worth reading
39Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
2749912
Rights (2,749,912 underlying common shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share subscription rights as stock compensation stock options
Who receives how much
2,749,912 common shares (2,749,912 stock acquisition rights, each right for 1 share)
Directors (excluding directors who are Audit and Supervisory Committee members)2 / 2,749,912 shares
The lower thin line represents the existing number of shares to which these shares will be added.
No monetary payment is required in exchange for the stock acquisition rights.
Amount of funds to be raised
Payment upon issuance of the stock acquisition rights: ¥0. Estimated net proceeds: Not disclosed
Terms of the stock acquisition rights
Exercise price
No payment of money or delivery of assets other than money is required upon exercise of the stock acquisition rights. Adjustment provisions and adjustment floor: Not disclosed
Exercise period
Through the date 10 years after the allotment date of the stock acquisition rights (allotment date: 10 April 2026)
Number of Stock Acquisition Rights
Total number issued: 2,749,912 rights. Unexercised balance: Not disclosed
Reason for acquisition without consideration
If a proposal concerning a corporate reorganization or similar transaction is approved at a general meeting of shareholders, or, where a resolution at a general meeting of shareholders is not required, by a resolution of 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
The holder must be a director of the Company at the time of exercise. A former director may exercise the rights only in the event of resignation or retirement, dismissal or termination (excluding disciplinary dismissal or an equivalent circumstance), death or disability, or another legitimate reason separately determined by the Board of Directors.
Categories and Number of Persons Covered
2 directors (excluding directors who are Audit and Supervisory Committee members), holding 2,749,912 rights in total (including 1 outside director holding 12,541 rights)
Procedures under the Corporate Code of Conduct
Resolved at today's meeting of the Board of Directors. The stock compensation-type stock options were also approved by resolution at the 24th Annual General Meeting of Shareholders held today.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share subscription rights as stock compensation stock options |
| Number of shares to be issued or disposed of | 2,749,912 common shares (2,749,912 stock acquisition rights, each right for 1 share) |
| Issue price and disposal price | No monetary payment is required in exchange for the stock acquisition rights. |
| Amount of funds to be raised | Payment upon issuance of the stock acquisition rights: ¥0. Estimated net proceeds: Not disclosed |
| Intended allottee | Category Directors (excluding directors who are Audit and Supervisory Committee members) / Number of Employees 2 / Number of Shares 2,749,912 shares |
| Exercise price | No payment of money or delivery of assets other than money is required upon exercise of the stock acquisition rights. Adjustment provisions and adjustment floor: Not disclosed |
| Exercise period | Through the date 10 years after the allotment date of the stock acquisition rights (allotment date: 10 April 2026) |
| Number of Stock Acquisition Rights | Total number issued: 2,749,912 rights. Unexercised balance: Not disclosed |
| Conditions for lifting transfer restrictions | The holder must be a director of the Company at the time of exercise. A former director may exercise the rights only in the event of resignation or retirement, dismissal or termination (excluding disciplinary dismissal or an equivalent circumstance), death or disability, or another legitimate reason separately determined by the Board of Directors. |
| Reason for acquisition without consideration | If a proposal concerning a corporate reorganization or similar transaction is approved at a general meeting of shareholders, or, where a resolution at a general meeting of shareholders is not required, by a resolution of 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 | 2 directors (excluding directors who are Audit and Supervisory Committee members), holding 2,749,912 rights in total (including 1 outside director holding 12,541 rights) |
| Procedures under the Corporate Code of Conduct | Resolved at today's meeting of the Board of Directors. The stock compensation-type stock options were also approved by resolution at the 24th Annual General Meeting of Shareholders held today. |
Items this document does not state (16)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodTotal 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 issue stock compensation-type stock options as compensation and other remuneration for directors.
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.