Worth reading
49Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
356000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock options (stock acquisition rights) to employees
発行・処分する株式数
356,000 ordinary shares (3,560 share acquisition rights, 100 shares per right)
Intended allottee
Category 384 employees of the Company / Number of stock acquisition rights 3,498 rights, Category 8 employees of the Company's subsidiaries / Number of stock acquisition rights 62 rights
No consideration per stock acquisition right
Terms of the stock acquisition rights
Exercise price
The higher of the average closing price for the month preceding the month in which the allocation date falls or the closing price on the allocation date. The terms provide for adjustments in the event of a stock split, consolidation of shares or similar event, or the issuance of new shares or disposal of treasury shares at a price below market value. The floor is Not disclosed.
Exercise period
Start Date 20 March 2029 / End date 31 December 2032
Number of Stock Acquisition Rights
Total number issued 3,560 rights / Unexercised balance Not disclosed
Reason for acquisition without consideration
The Company may acquire some or all of the share acquisition rights free of charge if a proposal for a merger, company split, share exchange, share transfer, share delivery, conversion into a company with transfer restrictions or similar transaction is approved, or if the rights can no longer be exercised under the exercise conditions.
Categories and Number of Persons Covered
Category Employees of the Company / Number of Employees 384 / Number of allocated stock acquisition rights 3,498 rights, Category Employees of the Company’s subsidiaries / Number of Employees 8 independent officers / Number of allocated stock acquisition rights 62 rights
Payment date
No cash payment is required in exchange for the stock acquisition rights.
Basis for determining the amount to be paid
The exercise price will be the higher of the average closing price for regular trading of the Company's ordinary shares on the Tokyo Stock Exchange on each trading day in the month preceding the month in which the allocation date falls, or the closing price on the allocation date. The discount rate and premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
The issuance was resolved at a meeting of the Board of Directors held today. Whether an opinion was obtained from an independent third party or the intentions of shareholders were confirmed is Not disclosed.
Impact on Business Performance
The impact of the change to this plan on the Company's consolidated results for the current fiscal year will be immaterial.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock options (stock acquisition rights) to employees |
| Number of shares to be issued or disposed of | 356,000 ordinary shares (3,560 share acquisition rights, 100 shares per right) |
| Issue price and disposal price | No consideration per stock acquisition right |
| Payment date | No cash payment is required in exchange for the stock acquisition rights. |
| Intended allottee | Category 384 employees of the Company / Number of stock acquisition rights 3,498 rights, Category 8 employees of the Company's subsidiaries / Number of stock acquisition rights 62 rights |
| Basis for determining the amount to be paid | The exercise price will be the higher of the average closing price for regular trading of the Company's ordinary shares on the Tokyo Stock Exchange on each trading day in the month preceding the month in which the allocation date falls, or the closing price on the allocation date. The discount rate and premium rate are Not disclosed. |
| Exercise price | The higher of the average closing price for the month preceding the month in which the allocation date falls or the closing price on the allocation date. The terms provide for adjustments in the event of a stock split, consolidation of shares or similar event, or the issuance of new shares or disposal of treasury shares at a price below market value. The floor is Not disclosed. |
| Exercise period | Start Date 20 March 2029 / End date 31 December 2032 |
| Number of Stock Acquisition Rights | Total number issued 3,560 rights / Unexercised balance Not disclosed |
| Reason for acquisition without consideration | The Company may acquire some or all of the share acquisition rights free of charge if a proposal for a merger, company split, share exchange, share transfer, share delivery, conversion into a company with transfer restrictions or similar transaction is approved, or if the rights can no longer be exercised under the exercise conditions. |
| Categories and Number of Persons Covered | Category Employees of the Company / Number of Employees 384 / Number of allocated stock acquisition rights 3,498 rights, Category Employees of the Company’s subsidiaries / Number of Employees 8 independent officers / Number of allocated stock acquisition rights 62 rights |
| Procedures under the Corporate Code of Conduct | The issuance was resolved at a meeting of the Board of Directors held today. Whether an opinion was obtained from an independent third party or the intentions of shareholders were confirmed is Not disclosed. |
| Impact on Business Performance | The impact of the change to this plan on the Company's consolidated results for the current fiscal year will be immaterial. |
Items this document does not state (15)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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.The purpose is to provide incentives for long-term business growth and enhancement of corporate value, while further promoting value sharing with shareholders. In addition, due to the increase in the number of eligible employees accompanying the expansion of the business scale and strengthening of the organizational structure, the annual aggregate issuance limit under the tax-qualified stock option plan will be changed from 3,200 rights to 5,200 rights.
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.