Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
574000
SharesWording
Definitive
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
574,000 shares (5,740 stock acquisition rights, 100 shares per right)
Intended allottee
Category The Company's directors (excluding outside directors) / Number of Employees 2 / Number of stock acquisition rights 2,644 stock acquisition rights, Category The Company's employees / Number of Employees 34 / Number of stock acquisition rights 3,096 stock acquisition rights
Not applicable (the stock acquisition rights will be issued for no consideration)
Total issue value
Not applicable (the stock acquisition rights will be issued for no consideration)
Amount of funds to be raised
Not applicable (no payment is required upon issuance of the stock acquisition rights)
Specific use of funds
None
Terms of the stock acquisition rights
Exercise price
Average closing price for the month preceding the month of allotment × 1.05 (fractions below ¥1 rounded up). If this is lower than the closing price on the allotment date, the closing price on the allotment date will apply. Adjustment provisions apply in the event of a stock split, consolidation or similar event. The minimum price is Not disclosed.
Exercise period
Start Date 26 March 2028 / End date 25 March 2036
Number of Stock Acquisition Rights
Total number issued 5,740 / Number of unexercised units Not disclosed
Reason for acquisition without consideration
The company may acquire the stock acquisition rights at no cost if a merger or similar transaction in which the company is the disappearing company is approved by a shareholders meeting or otherwise authorized, or if a holder becomes unable to exercise the rights under the exercise conditions.
Offering structure
Underwriter / lead underwriter
None
Overallotment
None
Categories and Number of Persons Covered
Category The Company's directors (excluding outside directors) / Number of Employees 2 / Number of allocated shares Equivalent to 264,400 shares, Category The Company's employees / Number of Employees 34 / Number of allocated shares Equivalent to 309,600 shares
Payment date
Not applicable (no monetary payment is required in exchange for the stock acquisition rights)
Basis for determining the amount to be paid
The exercise price will be calculated by multiplying the average closing price of the company's common shares on the Tokyo Stock Exchange on each trading day in the month preceding the month of allotment by 1.05. However, if this price is lower than the closing price on the allotment date, the closing price on the allotment date will apply. The specific share price and amount are Not disclosed.
Procedures under the Corporate Code of Conduct
The issuance was approved by the Board of Directors pursuant to Articles 236, 238 and 240 of the Companies Act. The company has not disclosed whether it obtained an opinion from an independent third party or confirmed shareholders' intentions.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | 574,000 shares (5,740 stock acquisition rights, 100 shares per right) |
| Issue price and disposal price | Not applicable (the stock acquisition rights will be issued for no consideration) |
| Total issue value | Not applicable (the stock acquisition rights will be issued for no consideration) |
| Amount of funds to be raised | Not applicable (no payment is required upon issuance of the stock acquisition rights) |
| Specific use of funds | None |
| Payment date | Not applicable (no monetary payment is required in exchange for the stock acquisition rights) |
| Intended allottee | Category The Company's directors (excluding outside directors) / Number of Employees 2 / Number of stock acquisition rights 2,644 stock acquisition rights, Category The Company's employees / Number of Employees 34 / Number of stock acquisition rights 3,096 stock acquisition rights |
| Basis for determining the amount to be paid | The exercise price will be calculated by multiplying the average closing price of the company's common shares on the Tokyo Stock Exchange on each trading day in the month preceding the month of allotment by 1.05. However, if this price is lower than the closing price on the allotment date, the closing price on the allotment date will apply. The specific share price and amount are Not disclosed. |
| Exercise price | Average closing price for the month preceding the month of allotment × 1.05 (fractions below ¥1 rounded up). If this is lower than the closing price on the allotment date, the closing price on the allotment date will apply. Adjustment provisions apply in the event of a stock split, consolidation or similar event. The minimum price is Not disclosed. |
| Exercise period | Start Date 26 March 2028 / End date 25 March 2036 |
| Number of Stock Acquisition Rights | Total number issued 5,740 / Number of unexercised units Not disclosed |
| Reason for acquisition without consideration | The company may acquire the stock acquisition rights at no cost if a merger or similar transaction in which the company is the disappearing company is approved by a shareholders meeting or otherwise authorized, or if a holder becomes unable to exercise the rights under the exercise conditions. |
| Categories and Number of Persons Covered | Category The Company's directors (excluding outside directors) / Number of Employees 2 / Number of allocated shares Equivalent to 264,400 shares, Category The Company's employees / Number of Employees 34 / Number of allocated shares Equivalent to 309,600 shares |
| Underwriter / lead underwriter | None |
| Overallotment | None |
| Procedures under the Corporate Code of Conduct | The issuance was approved by the Board of Directors pursuant to Articles 236, 238 and 240 of the Companies Act. The company has not disclosed whether it obtained an opinion from an independent third party or confirmed shareholders' intentions. |
Items this document does not state (11)
Estimated issuance expensesIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationStock 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 motivate directors and employees, strengthen their unity, and attract talented personnel with a view to increasing 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.