Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
6000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock options (new share acquisition rights)
Who receives how much
6,000 shares of the Company's common stock (60 share acquisition rights, 100 shares per right)
2 executive officers of the Company: 60 share acquisition rights
The lower thin line represents the existing number of shares to which these shares will be added.
No monetary payment is required in exchange for the stock acquisition rights.
Amount of funds to be raised
There will be no proceeds from the issuance of the share acquisition rights. The total exercise price payable upon exercise of the share acquisition rights and the estimated net proceeds are Not disclosed
Terms of the stock acquisition rights
Exercise price
Average closing price for each day in the month preceding the month containing the allotment date × 1.05 (fractions of less than ¥1 rounded up). The closing price on the allotment date is the floor. Adjustment provisions apply in the event of a stock split, reverse stock split or other similar event.
Exercise period
From 5 June 2028 to 4 June 2031
Number of Stock Acquisition Rights
Total issued: 60 share acquisition rights. Unexercised balance: Not disclosed
Reason for acquisition without consideration
If a proposal concerning a corporate reorganization is approved, if the holder of the share acquisition rights no longer satisfies the exercise conditions, or if the holder waives the share acquisition rights.
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
The holder must hold the position of director or employee of the Company or one of its affiliated companies at the time of exercise. This does not apply in the event of retirement upon expiry of the term of office, mandatory retirement or other legitimate reasons.
Categories and Number of Persons Covered
2 executive officers of the Company: 60 share acquisition rights
Intended allottee's holding policy
The acquisition of the stock acquisition rights through transfer requires approval from the Company's Board of Directors.
Basis for determining the amount to be paid
The exercise price is the average closing price for each day in the month preceding the month containing the allotment date, multiplied by 1.05. However, if this amount is lower than the closing price on the allotment date, the closing price on the allotment date will apply.
Procedures under the Corporate Code of Conduct
Approved by resolution of the Board of Directors pursuant to Articles 236, 238 and 240 of the Companies Act.
Impact on Business Performance
No impact on the Company's performance is disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock options (new share acquisition rights) |
| Number of shares to be issued or disposed of | 6,000 shares of the Company's common stock (60 share acquisition rights, 100 shares per right) |
| Issue price and disposal price | No monetary payment is required in exchange for the stock acquisition rights. |
| Amount of funds to be raised | There will be no proceeds from the issuance of the share acquisition rights. The total exercise price payable upon exercise of the share acquisition rights and the estimated net proceeds are Not disclosed |
| Intended allottee | 2 executive officers of the Company: 60 share acquisition rights |
| Intended allottee's holding policy | The acquisition of the stock acquisition rights through transfer requires approval from the Company's Board of Directors. |
| Basis for determining the amount to be paid | The exercise price is the average closing price for each day in the month preceding the month containing the allotment date, multiplied by 1.05. However, if this amount is lower than the closing price on the allotment date, the closing price on the allotment date will apply. |
| Exercise price | Average closing price for each day in the month preceding the month containing the allotment date × 1.05 (fractions of less than ¥1 rounded up). The closing price on the allotment date is the floor. Adjustment provisions apply in the event of a stock split, reverse stock split or other similar event. |
| Exercise period | From 5 June 2028 to 4 June 2031 |
| Number of Stock Acquisition Rights | Total issued: 60 share acquisition rights. Unexercised balance: Not disclosed |
| Conditions for lifting transfer restrictions | The holder must hold the position of director or employee of the Company or one of its affiliated companies at the time of exercise. This does not apply in the event of retirement upon expiry of the term of office, mandatory retirement or other legitimate reasons. |
| Reason for acquisition without consideration | If a proposal concerning a corporate reorganization is approved, if the holder of the share acquisition rights no longer satisfies the exercise conditions, or if the holder waives the share acquisition rights. |
| Categories and Number of Persons Covered | 2 executive officers of the Company: 60 share acquisition rights |
| Procedures under the Corporate Code of Conduct | Approved by resolution of the Board of Directors pursuant to Articles 236, 238 and 240 of the Companies Act. |
| Impact on Business Performance | No impact on the Company's performance is disclosed. |
Items this document does not state (13)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTransfer restriction periodTotal 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.To promote management that is mindful of shareholders and the share price, further increase corporate value, and enhance the motivation and morale to improve the consolidated performance of the Company Group.
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.