Worth reading
50Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
133000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share acquisition rights as stock options
発行・処分する株式数
133,000 common shares (100 shares per stock acquisition right)
Intended allottee
Category The Company's employees / Number of Employees 43 / Number of stock acquisition rights 1,330 stock acquisition rights
Not applicable (the Stock Acquisition Rights will be issued at no cost)
Total issue value
Not applicable (no monetary payment is required in exchange for the stock acquisition rights)
Amount of funds to be raised
Not applicable (issued free of charge)
Specific use of funds
Not applicable (issued free of charge)
Terms of the stock acquisition rights
Exercise price
Average closing price for the month preceding the allocation month × 1.05 (fractions of less than ¥1 rounded up). If this is lower than the closing price on the allocation date, the closing price on the allocation date will apply. Adjustment provisions apply in the event of a stock split, consolidation or other such event. The explicit floor price is Not disclosed.
Exercise period
Start Date 23 July 2028 / End date 21 July 2036
Number of Stock Acquisition Rights
Total number issued 1,330 stock acquisition rights / Unexercised balance Not disclosed
Reason for acquisition without consideration
If approval or other authorization for a corporate reorganization is obtained at a shareholders meeting, the Company may acquire all or part of the stock acquisition rights without consideration on a date designated by the Company., If a holder of stock acquisition rights ceases to satisfy the exercise conditions before exercising the rights, the Company may acquire all or part of the applicable stock acquisition rights without consideration on a date designated by the Company.
Categories and Number of Persons Covered
43 employees of the Company, 1,330 stock acquisition rights
Intended allottee's holding policy
The acquisition of the stock acquisition rights by transfer requires the approval of the Company's Board of Directors.
Payment date
Not applicable (no payment is required)
Basis for determining the amount to be paid
An amount equal to the average closing price of the Company's common shares on the Tokyo Stock Exchange on each trading day during the month preceding the month in which the date of allocation of these stock acquisition rights falls, multiplied by 1.05. However, if this amount is lower than the closing price on the allocation date, the closing price on the allocation date will apply.
Impact on Business Performance
The impact of the issuance of these stock acquisition rights on business performance is Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share acquisition rights as stock options |
| Number of shares to be issued or disposed of | 133,000 common shares (100 shares per stock acquisition right) |
| Issue price and disposal price | Not applicable (the Stock Acquisition Rights will be issued at no cost) |
| Total issue value | Not applicable (no monetary payment is required in exchange for the stock acquisition rights) |
| Amount of funds to be raised | Not applicable (issued free of charge) |
| Specific use of funds | Not applicable (issued free of charge) |
| Payment date | Not applicable (no payment is required) |
| Intended allottee | Category The Company's employees / Number of Employees 43 / Number of stock acquisition rights 1,330 stock acquisition rights |
| Intended allottee's holding policy | The acquisition of the stock acquisition rights by transfer requires the approval of the Company's Board of Directors. |
| Basis for determining the amount to be paid | An amount equal to the average closing price of the Company's common shares on the Tokyo Stock Exchange on each trading day during the month preceding the month in which the date of allocation of these stock acquisition rights falls, multiplied by 1.05. However, if this amount is lower than the closing price on the allocation date, the closing price on the allocation date will apply. |
| Exercise price | Average closing price for the month preceding the allocation month × 1.05 (fractions of less than ¥1 rounded up). If this is lower than the closing price on the allocation date, the closing price on the allocation date will apply. Adjustment provisions apply in the event of a stock split, consolidation or other such event. The explicit floor price is Not disclosed. |
| Exercise period | Start Date 23 July 2028 / End date 21 July 2036 |
| Number of Stock Acquisition Rights | Total number issued 1,330 stock acquisition rights / Unexercised balance Not disclosed |
| Reason for acquisition without consideration | If approval or other authorization for a corporate reorganization is obtained at a shareholders meeting, the Company may acquire all or part of the stock acquisition rights without consideration on a date designated by the Company., If a holder of stock acquisition rights ceases to satisfy the exercise conditions before exercising the rights, the Company may acquire all or part of the applicable stock acquisition rights without consideration on a date designated by the Company. |
| Categories and Number of Persons Covered | 43 employees of the Company, 1,330 stock acquisition rights |
| Impact on Business Performance | The impact of the issuance of these stock acquisition rights on business performance is Not disclosed |
Items this document does not state (12)
Estimated issuance expensesDilution RateTotal number of issued sharesTransfer 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 improve employee motivation and morale and further strengthen the Company's unity as it seeks to achieve sustained growth in its business performance and increase corporate value over the medium to long term.
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.