Worth reading
33Immaterial
Scored from 4 of 5 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
8
Ratio of potential shares to the total number of issued shares (%)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Acquisition and cancellation, free of charge, of Series 7 Stock Acquisition Rights
Intended allottee
The company’s 4 directors at the time of issuance (not the allottees in this transaction)
発行済株式総数
Reduction of potential shares equivalent to 8.0% of the total number of issued shares
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Terms of the stock acquisition rights
Exercise price
¥1,202; adjustment clause and adjustment floor: Not disclosed
Exercise period
21 August 2020 to 20 August 2030
Number of Stock Acquisition Rights
Total issued: 5,000; acquired and cancelled: 5,000; remaining unexercised: 5,000
Reason for acquisition without consideration
3 of the 4 rights holders have already resigned as directors of the company, limiting the expected contribution to increasing the company’s corporate value going forward.
Categories and Number of Persons Covered
The company’s 4 directors at the time of issuance
Impact on Business Performance
The company expects to record a ¥12 million gain on cancellation of treasury stock acquisition rights as extraordinary income in the second quarter of the fiscal year ending February 2027. The impact on consolidated earnings forecasts for the current fiscal year is being reviewed, including the effects of other factors.
| Item | Details |
|---|---|
| Type of issuance or disposal | Acquisition and cancellation, free of charge, of Series 7 Stock Acquisition Rights |
| Intended allottee | The company’s 4 directors at the time of issuance (not the allottees in this transaction) |
| Dilution Rate | Reduction of potential shares equivalent to 8.0% of the total number of issued shares |
| Exercise price | ¥1,202; adjustment clause and adjustment floor: Not disclosed |
| Exercise period | 21 August 2020 to 20 August 2030 |
| Number of Stock Acquisition Rights | Total issued: 5,000; acquired and cancelled: 5,000; remaining unexercised: 5,000 |
| Reason for acquisition without consideration | 3 of the 4 rights holders have already resigned as directors of the company, limiting the expected contribution to increasing the company’s corporate value going forward. |
| Categories and Number of Persons Covered | The company’s 4 directors at the time of issuance |
| Impact on Business Performance | The company expects to record a ¥12 million gain on cancellation of treasury stock acquisition rights as extraordinary income in the second quarter of the fiscal year ending February 2027. The impact on consolidated earnings forecasts for the current fiscal year is being reviewed, including the effects of other factors. |
Items this document does not state (19)
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 policyTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / 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 reduce existing potential shares under the policy of committing to continued EPS growth by preventing dilution over the next 3 years. Another reason is that 3 of the 4 rights holders have resigned as directors, limiting the expected contribution to increasing corporate value going forward.
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.