Details of issuance or disposal
42nd Stock Acquisition Rights issued through a third-party allotment
Shares delivered during the period covered: 5,270,000; cumulative shares delivered: 16,900,000. Shares subject to cancellation: 4,460,000
Total exercise proceeds: ¥658,750 thousand (¥100,000 thousand + ¥20,000 thousand + ¥538,750 thousand). Estimated net proceeds: Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | 42nd Stock Acquisition Rights issued through a third-party allotment |
| Number of shares to be issued or disposed of | Shares delivered during the period covered: 5,270,000; cumulative shares delivered: 16,900,000. Shares subject to cancellation: 4,460,000 |
| Amount of funds to be raised | Total exercise proceeds: ¥658,750 thousand (¥100,000 thousand + ¥20,000 thousand + ¥538,750 thousand). Estimated net proceeds: Not disclosed |
| Intended allottee | Name QL Limited Liability Partnership / Number of Shares Not disclosed, Name QL No. 2 Limited Liability Partnership / Number of Shares Includes a portion of the 40,000 rights (4,000,000 shares), Name 株式会社 Tiger Japan Investment / Number of Shares Of the 33,600 rights (3,360,000 shares), 25,600 rights (2,560,000 shares) are subject to cancellation, Name 合同会社つながる / Number of Shares Not disclosed |
| Intended allottee's holding policy | Agreement not to exercise the unexercised stock acquisition rights |
| Exercise price | Initial exercise price: ¥125 per share. The rights have a fixed exercise price, which will not be revised |
| Exercise period | Start Date 28 November 2025 / End date 29 May 2026 |
| Number of Stock Acquisition Rights | Total issued: 213,600 rights. Exercised to date: 169,000 rights. Unexercised at the end of the period covered: 44,600 rights. After cancellation: 0 rights |
| Reason for acquisition without consideration | The rights were cancelled because an agreement was reached not to exercise the unexercised stock acquisition rights and the exercise period expired |
| Most recent equity financing | 28 November 2025: Issuance of Series 42 Stock Acquisition Rights through a third-party allotment. Total issued: 213,600 rights (21,360,000 shares) |
| Impact on Business Performance | A gain on the reversal of stock acquisition rights of ¥25,377 thousand is expected to be recorded as extraordinary income in the consolidated accounting period comprising the fourth quarter of the fiscal year ending May 2026. The impact on earnings is currently under review |
Items this document does not state (17)
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.Following discussions with the allottees, an agreement was reached not to exercise the unexercised stock acquisition rights. Accordingly, they were cancelled upon expiration of the exercise period.