Worth reading
47Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
35000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options
Who receives how much
70 stock acquisition rights, 500 shares per right, for a total of 35,000 shares (to be delivered upon exercise of the stock acquisition rights)
6 of the Company’s directors (excluding outside directors)
The lower thin line represents the existing number of shares to which these shares will be added.
Total Stock-Based Compensation
Monetary compensation equivalent to the total payment amount for the stock acquisition rights. Amount: Not disclosed.
Terms of the stock acquisition rights
Exercise price
¥1 per share. The amendment provisions are Not disclosed.
Exercise period
From 17 July 2026 to 16 July 2041
Number of Stock Acquisition Rights
Total number to be issued: 70; number of outstanding unexercised rights: Not disclosed
Categories and Number of Persons Covered
6 of the Company’s directors, excluding outside directors; number of shares allocated: Not disclosed (70 stock acquisition rights, representing a total of 35,000 underlying shares)
Intended allottee's holding policy
The acquisition of the stock acquisition rights through transfer requires the approval of the Board of Directors. Other details regarding the holding policy and lock-up are Not disclosed.
Payment date
16 July 2026
Basis for determining the amount to be paid
Calculated using the Black-Scholes model. The share price will be based on the closing price of the Company’s common stock in regular trading on the Tokyo Stock Exchange on 16 July 2026, and volatility will be calculated based on closing prices over the 8-year period from 13 July 2018 to 16 July 2026. The discount rate and premium rate are Not disclosed.
Impact on Business Performance
No disclosure has been made regarding the impact on financial results: Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | 70 stock acquisition rights, 500 shares per right, for a total of 35,000 shares (to be delivered upon exercise of the stock acquisition rights) |
| Payment date | 16 July 2026 |
| Intended allottee | 6 of the Company’s directors (excluding outside directors) |
| Intended allottee's holding policy | The acquisition of the stock acquisition rights through transfer requires the approval of the Board of Directors. Other details regarding the holding policy and lock-up are Not disclosed. |
| Basis for determining the amount to be paid | Calculated using the Black-Scholes model. The share price will be based on the closing price of the Company’s common stock in regular trading on the Tokyo Stock Exchange on 16 July 2026, and volatility will be calculated based on closing prices over the 8-year period from 13 July 2018 to 16 July 2026. The discount rate and premium rate are Not disclosed. |
| Exercise price | ¥1 per share. The amendment provisions are Not disclosed. |
| Exercise period | From 17 July 2026 to 16 July 2041 |
| Number of Stock Acquisition Rights | Total number to be issued: 70; number of outstanding unexercised rights: Not disclosed |
| Categories and Number of Persons Covered | 6 of the Company’s directors, excluding outside directors; number of shares allocated: Not disclosed (70 stock acquisition rights, representing a total of 35,000 underlying shares) |
| Total Stock-Based Compensation | Monetary compensation equivalent to the total payment amount for the stock acquisition rights. Amount: Not disclosed. |
| Impact on Business Performance | No disclosure has been made regarding the impact on financial results: Not disclosed |
Items this document does not state (16)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor 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.To increase the directors’ motivation and morale to contribute to improved performance over the medium to long term, and thereby enhance corporate value, by providing them with an incentive to foster a management mindset that prioritizes shareholders.
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.