Details of issuance or disposal
8th Series Stock Acquisition Rights through a third-party allotment (with an option to adjust the exercise price), 9th Series Stock Acquisition Rights (with an option to adjust the exercise price), and 10th Series Stock Acquisition Rights (with an option to adjust the exercise price)
24,561 8th Series Stock Acquisition Rights (potential shares: 2,456,100), 20,467 9th Series Stock Acquisition Rights (potential shares: 2,046,700), and 14,018 10th Series Stock Acquisition Rights (potential shares: 1,401,800), for a total of 59,046 rights (potential shares: 5,904,600)
The lower thin line represents the existing number of shares to which these shares will be added.
¥4,129,362
| Item | Details |
|---|---|
| Type of issuance or disposal | 8th Series Stock Acquisition Rights through a third-party allotment (with an option to adjust the exercise price), 9th Series Stock Acquisition Rights (with an option to adjust the exercise price), and 10th Series Stock Acquisition Rights (with an option to adjust the exercise price) |
| Number of shares to be issued or disposed of | 24,561 8th Series Stock Acquisition Rights (potential shares: 2,456,100), 20,467 9th Series Stock Acquisition Rights (potential shares: 2,046,700), and 14,018 10th Series Stock Acquisition Rights (potential shares: 1,401,800), for a total of 59,046 rights (potential shares: 5,904,600) |
| Issue price and disposal price | ¥77 per Series 8 stock acquisition right, ¥71 per Series 9 stock acquisition right, and ¥56 per Series 10 stock acquisition right |
| Total issue value | ¥4,129,362 |
| Amount of funds to be raised | ¥2,004,059,662 (estimated net proceeds: ¥1,989,059,662) |
| Estimated issuance expenses | ¥15,000,000 |
| Payment date | 17 June 2026 |
| Intended allottee | Cantor Fitzgerald Europe (59,046 rights) |
| Exercise price | The initial exercise prices are ¥285 for the 8th Series, ¥342 for the 9th Series and ¥428 for the 10th Series. They may be adjusted by resolution of the Board of Directors, with the adjusted exercise price set at approximately 90% of the closing price on the final trading day of the week preceding the week in which the adjustment date falls. The minimum exercise price is ¥127.5. |
| Exercise period | 18 June 2026 to 15 June 2029 |
| Number of Stock Acquisition Rights | Total issued: 59,046 rights. Unexercised balance: Not disclosed. |
| Procedures under the Corporate Code of Conduct | The Company will implement restrictions on the exercise of these Stock Acquisition Rights in accordance with Article 434, Paragraph 1 of the TSE Securities Listing Regulations and Article 436, Paragraphs 1 through 5 of the Enforcement Rules thereof, as well as the Japan Securities Dealers Association's Rules Concerning the Handling of Third-Party Allotments and Other Matters. |
Items this document does not state (16)
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 Company states that it may exercise the option to adjust the exercise price when it determines that doing so is necessary for financing purposes. It also explains that adjusting the exercise price weekly will mitigate the impact of short-term share price fluctuations on the likelihood of exercise, while securing the benefit of raising funds at a higher exercise price when the share price rises.