Worth reading
30Immaterial
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
895
unitsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share acquisition rights as stock options
Intended allottee
8 employees of the Company (895 units)
Terms of the stock acquisition rights
Exercise price
An amount equal to 1.05 times the average closing price of the Company's common shares on each trading day in the month preceding the month in which the allotment date falls. However, if this amount is lower than the closing price on the allotment date, the closing price on that date will apply. Adjustment provisions apply in the event of a share split, share consolidation or similar event.
Exercise period
From 23 October 2028 to 22 October 2036
Number of Stock Acquisition Rights
Total issued: 895 units; outstanding unexercised units: Not disclosed
Reason for acquisition without consideration
The Company may acquire the applicable share acquisition rights free of charge upon the arrival of a date separately specified by the Board of Directors if approval is granted at a general meeting of shareholders or otherwise for a merger agreement or similar transaction in which the Company becomes the disappearing company, or if a holder becomes unable to exercise the rights before exercising them due to the exercise conditions.
Categories and Number of Persons Covered
8 employees of the Company, 895 units
Intended allottee's holding policy
The acquisition of these share acquisition rights by transfer requires approval by resolution of the Company's Board of Directors.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share acquisition rights as stock options |
| Issue price and disposal price | No monetary payment is required in exchange for these share acquisition rights. |
| Intended allottee | 8 employees of the Company (895 units) |
| Intended allottee's holding policy | The acquisition of these share acquisition rights by transfer requires approval by resolution of the Company's Board of Directors. |
| Exercise price | An amount equal to 1.05 times the average closing price of the Company's common shares on each trading day in the month preceding the month in which the allotment date falls. However, if this amount is lower than the closing price on the allotment date, the closing price on that date will apply. Adjustment provisions apply in the event of a share split, share consolidation or similar event. |
| Exercise period | From 23 October 2028 to 22 October 2036 |
| Number of Stock Acquisition Rights | Total issued: 895 units; outstanding unexercised units: Not disclosed |
| Reason for acquisition without consideration | The Company may acquire the applicable share acquisition rights free of charge upon the arrival of a date separately specified by the Board of Directors if approval is granted at a general meeting of shareholders or otherwise for a merger agreement or similar transaction in which the Company becomes the disappearing company, or if a holder becomes unable to exercise the rights before exercising them due to the exercise conditions. |
| Categories and Number of Persons Covered | 8 employees of the Company, 895 units |
Items this document does not state (19)
Number of shares to be issued or disposed ofTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal 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 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 raise employee motivation and morale and strengthen cohesion within the Company with a view to achieving medium- to long-term earnings growth and increasing corporate value. The Company will also impose individual performance conditions to strengthen the incentive to improve performance.
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.