Details of issuance or disposal
Monthly exercise status of stock acquisition rights with an exercise price adjustment clause
1,950,000 shares (new shares)
Exercise ratio under the exercise restriction: 13.22% (1,950,000 shares delivered / 14,749,500 listed shares as of the payment date for the issuance)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
| Item | Details |
|---|---|
| Type of issuance or disposal | Monthly exercise status of stock acquisition rights with an exercise price adjustment clause |
| Number of shares to be issued or disposed of | 1,950,000 shares (new shares) |
| Dilution Rate | Exercise ratio under the exercise restriction: 13.22% (1,950,000 shares delivered / 14,749,500 listed shares as of the payment date for the issuance) |
| Total number of issued shares | 15,049,600 shares (as of the end of the month preceding the subject month) → 17, - Not disclosed |
| Basis for determining the amount to be paid | The exercise price on 10 March 2026 was adjusted to ¥265, the closing price on the issuance resolution date (17 December 2025). |
| Exercise price | Exercise prices during the subject month were ¥191, ¥214 and ¥265. Adjustment provisions apply. The adjustment floor is Not disclosed. |
| Number of Stock Acquisition Rights | Total issued: 36,800 rights; exercised during the subject month: 19,500 rights; unexercised at the end of the subject month: 14,299 rights |
| Procedures under the Corporate Code of Conduct | The status of the exercise restriction and the conditions for exercising beyond the restriction are described. |
| Most recent equity financing | Timing Issued on 5 January 2026 / Type Stock Acquisition Rights with Exercise Price Adjustment Clauses / Amount Not disclosed |
Items this document does not state (19)
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.With respect to the exercise on 10 March 2026, the exercise price was adjusted to ¥265, the closing price on the date of the issuance resolution, and the conditions for exercising beyond the restriction under the Enforcement Rules of the Securities Listing Regulations were met. Accordingly, the rights were exercised in excess of the exercise restriction.