Worth reading
44Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
10000
Shares (maximum number of shares to be delivered upon exercise of the stock acquisition rights)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options
発行・処分する株式数
Up to 100 share acquisition rights (100 shares per share acquisition right; up to 10,000 shares to be delivered upon exercise)
Intended allottee
Directors of the Company's subsidiaries (number of recipients and individual share allocations are Not disclosed)
The share acquisition rights will be issued free of charge
Amount of funds to be raised
No payment is required for the share acquisition rights. The total payment amount and estimated net proceeds upon issuance of the shares are Not disclosed
発行済株式総数
Shares may be delivered upon exercise of the share acquisition rights
Terms of the stock acquisition rights
Exercise price
The higher of the average closing price on each trading day during the month preceding the month in which the allotment date falls multiplied by 1.05, and the closing price on the allotment date. Adjustment provisions apply in connection with stock splits, reverse stock splits, and the issuance of shares at certain low prices. The floor is Not disclosed
Exercise period
A period to be determined by the Board of Directors between the date falling 2 years after the date of the resolution granting the rights and the date falling 10 years after that date
Number of Stock Acquisition Rights
The total number to be issued is capped at 100. The number of unexercised rights remaining is Not disclosed
Reason for acquisition without consideration
If a holder becomes unable to exercise the rights under the exercise conditions or the allotment agreement, or if a prescribed proposal concerning a merger, company split, share exchange, share transfer, amendment to the Articles of Incorporation or other matter is approved at a general meeting of shareholders, or, where a shareholder resolution is not required, by resolution of 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 continuously hold, at the time of exercise, a position as a director, Audit & Supervisory Board member, executive officer, corporate officer, employee or other equivalent position at the Company or one of its subsidiaries. An exception applies if the Board of Directors approves the continuation of the rights
Categories and Number of Persons Covered
Directors of the Company's subsidiaries. The number of recipients and allocated shares are Not disclosed
Basis for determining the amount to be paid
The exercise price will be the higher of (i) the average closing price of the Company's common shares on each trading day in the Tokyo Stock Exchange Standard Market during the month preceding the month in which the allotment date falls, multiplied by 1.05, and (ii) the closing price on the allotment date. The stated formula includes a 5% premium
Procedures under the Corporate Code of Conduct
The Company has resolved to submit a proposal to the annual general meeting of shareholders scheduled for 28 April 2026
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | Up to 100 share acquisition rights (100 shares per share acquisition right; up to 10,000 shares to be delivered upon exercise) |
| Issue price and disposal price | The share acquisition rights will be issued free of charge |
| Amount of funds to be raised | No payment is required for the share acquisition rights. The total payment amount and estimated net proceeds upon issuance of the shares are Not disclosed |
| Intended allottee | Directors of the Company's subsidiaries (number of recipients and individual share allocations are Not disclosed) |
| Total number of issued shares | Shares may be delivered upon exercise of the share acquisition rights |
| Basis for determining the amount to be paid | The exercise price will be the higher of (i) the average closing price of the Company's common shares on each trading day in the Tokyo Stock Exchange Standard Market during the month preceding the month in which the allotment date falls, multiplied by 1.05, and (ii) the closing price on the allotment date. The stated formula includes a 5% premium |
| Exercise price | The higher of the average closing price on each trading day during the month preceding the month in which the allotment date falls multiplied by 1.05, and the closing price on the allotment date. Adjustment provisions apply in connection with stock splits, reverse stock splits, and the issuance of shares at certain low prices. The floor is Not disclosed |
| Exercise period | A period to be determined by the Board of Directors between the date falling 2 years after the date of the resolution granting the rights and the date falling 10 years after that date |
| Number of Stock Acquisition Rights | The total number to be issued is capped at 100. The number of unexercised rights remaining is Not disclosed |
| Conditions for lifting transfer restrictions | The holder must continuously hold, at the time of exercise, a position as a director, Audit & Supervisory Board member, executive officer, corporate officer, employee or other equivalent position at the Company or one of its subsidiaries. An exception applies if the Board of Directors approves the continuation of the rights |
| Reason for acquisition without consideration | If a holder becomes unable to exercise the rights under the exercise conditions or the allotment agreement, or if a prescribed proposal concerning a merger, company split, share exchange, share transfer, amendment to the Articles of Incorporation or other matter is approved at a general meeting of shareholders, or, where a shareholder resolution is not required, by resolution of the Board of Directors |
| Categories and Number of Persons Covered | Directors of the Company's subsidiaries. The number of recipients and allocated shares are Not disclosed |
| Procedures under the Corporate Code of Conduct | The Company has resolved to submit a proposal to the annual general meeting of shareholders scheduled for 28 April 2026 |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTransfer 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 provide directors of the Company's subsidiaries with an incentive to achieve sustained growth in the Company's corporate value and to promote further value sharing with shareholders.
How to read this page
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