Worth reading
52Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
100
Share acquisition rights (100 shares per right, for a maximum of 10,000 shares)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of share acquisition rights as stock options (No. 14 share acquisition rights)
Who receives how much
Maximum of 10,000 shares (100 share acquisition rights × 100 shares per right)
1 director of a subsidiaryMaximum of 10,000 shares (100 share acquisition rights)
The lower thin line represents the existing number of shares to which these shares will be added.
Nil per stock acquisition right
Amount of funds to be raised
Total amount to be paid: Not applicable (the share acquisition rights will be issued without consideration); estimated net proceeds: Not applicable
Terms of the stock acquisition rights
Exercise price
Initial exercise price: the higher of the average closing price for the month preceding the month in which the allocation date falls multiplied by 1.05, and the closing price on the allocation date. Adjustment provisions apply in the event of a share split or similar event. Floor: Not disclosed
Exercise period
From 28 May 2028 to 27 May 2036
Number of Stock Acquisition Rights
Total number to be issued: maximum of 100; unexercised balance: Not disclosed
Reason for acquisition without consideration
The Company may acquire the share acquisition rights without consideration if they can no longer be exercised under the exercise conditions or the allocation agreement, or if specified proposals, including a merger, company split, share exchange, share transfer or amendment to the Articles of Incorporation, are approved.
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
Continued service requirement. The holder must continue to hold the position of director or other officer of the Company or a subsidiary at the time of exercise, except where approved by the Board of Directors.
Categories and Number of Persons Covered
1 director of a subsidiary, maximum of 100 share acquisition rights (maximum of 10,000 shares)
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 the Tokyo Stock Exchange Standard Market during the month preceding the month in which the allocation date falls, multiplied by 1.05, and (ii) the closing price on the allocation date. The specific amount will be determined by the allocation date.
Procedures under the Corporate Code of Conduct
The proposal to issue share acquisition rights as stock options was approved at the annual general meeting of shareholders held on 28 April 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share acquisition rights as stock options (No. 14 share acquisition rights) |
| Number of shares to be issued or disposed of | Maximum of 10,000 shares (100 share acquisition rights × 100 shares per right) |
| Issue price and disposal price | Nil per stock acquisition right |
| Amount of funds to be raised | Total amount to be paid: Not applicable (the share acquisition rights will be issued without consideration); estimated net proceeds: Not applicable |
| Intended allottee | Name 1 director of a subsidiary / Number of Shares Maximum of 10,000 shares (100 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 the Tokyo Stock Exchange Standard Market during the month preceding the month in which the allocation date falls, multiplied by 1.05, and (ii) the closing price on the allocation date. The specific amount will be determined by the allocation date. |
| Exercise price | Initial exercise price: the higher of the average closing price for the month preceding the month in which the allocation date falls multiplied by 1.05, and the closing price on the allocation date. Adjustment provisions apply in the event of a share split or similar event. Floor: Not disclosed |
| Exercise period | From 28 May 2028 to 27 May 2036 |
| Number of Stock Acquisition Rights | Total number to be issued: maximum of 100; unexercised balance: Not disclosed |
| Conditions for lifting transfer restrictions | Continued service requirement. The holder must continue to hold the position of director or other officer of the Company or a subsidiary at the time of exercise, except where approved by the Board of Directors. |
| Reason for acquisition without consideration | The Company may acquire the share acquisition rights without consideration if they can no longer be exercised under the exercise conditions or the allocation agreement, or if specified proposals, including a merger, company split, share exchange, share transfer or amendment to the Articles of Incorporation, are approved. |
| Categories and Number of Persons Covered | 1 director of a subsidiary, maximum of 100 share acquisition rights (maximum of 10,000 shares) |
| Procedures under the Corporate Code of Conduct | The proposal to issue share acquisition rights as stock options was approved at the annual general meeting of shareholders held on 28 April 2026. |
Items this document does not state (15)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer 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 the sharing of value with 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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.