Worth reading
68In focus
Scored from 2 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
1050000
¥Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of the Sixth Series of Stock Acquisition Rights by Third-Party Allotment (With the Right to Convert into Stock Acquisition Rights with an Adjustable Exercise Price)
Who receives how much
1,500,000 potential shares (15,000 stock acquisition rights, with each stock acquisition right representing 100 shares)
Long Corridor Alpha Opportunities Master FundEquivalent to 1,110,000 shares (11,100 stock acquisition rights)
MAP246 Segregated PortfolioEquivalent to 120,000 shares (1,200 stock acquisition rights)
BEMAP Master Fund Ltd.Equivalent to 270,000 shares (2,700 stock acquisition rights)
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
¥70 per stock acquisition right
Total issue value
¥1,050,000
Amount of funds to be raised
Total amount payable: ¥601,050,000; estimated net proceeds: ¥578,466,325
Estimated issuance expenses
¥22,583,675 (the amount obtained by deducting estimated net proceeds of ¥578,466,325 from total funds raised of ¥601,050,000)
Terms of the stock acquisition rights
Exercise price
Initial exercise price: ¥400. If a resolution is adopted to elect an exercise-price adjustment, the exercise price will be adjusted to an amount equivalent to 90% of the closing price on the calculation base date, rounded up to the nearest yen. Minimum exercise price: ¥300. No maximum exercise price.
Exercise period
From 24 August 2026 to 21 August 2029 (if the final day is not a business day, the preceding business day)
Number of Stock Acquisition Rights
Total issued: 15,000 stock acquisition rights; unexercised balance: Not disclosed
Payment date
21 August 2026
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of the Sixth Series of Stock Acquisition Rights by Third-Party Allotment (With the Right to Convert into Stock Acquisition Rights with an Adjustable Exercise Price) |
| Number of shares to be issued or disposed of | 1,500,000 potential shares (15,000 stock acquisition rights, with each stock acquisition right representing 100 shares) |
| Issue price and disposal price | ¥70 per stock acquisition right |
| Total issue value | ¥1,050,000 |
| Amount of funds to be raised | Total amount payable: ¥601,050,000; estimated net proceeds: ¥578,466,325 |
| Estimated issuance expenses | ¥22,583,675 (the amount obtained by deducting estimated net proceeds of ¥578,466,325 from total funds raised of ¥601,050,000) |
| Payment date | 21 August 2026 |
| Intended allottee | Name Long Corridor Alpha Opportunities Master Fund / Number of Shares Equivalent to 1,110,000 shares (11,100 stock acquisition rights), Name MAP246 Segregated Portfolio / Number of Shares Equivalent to 120,000 shares (1,200 stock acquisition rights), Name BEMAP Master Fund Ltd. / Number of Shares Equivalent to 270,000 shares (2,700 stock acquisition rights) |
| Exercise price | Initial exercise price: ¥400. If a resolution is adopted to elect an exercise-price adjustment, the exercise price will be adjusted to an amount equivalent to 90% of the closing price on the calculation base date, rounded up to the nearest yen. Minimum exercise price: ¥300. No maximum exercise price. |
| Exercise period | From 24 August 2026 to 21 August 2029 (if the final day is not a business day, the preceding business day) |
| Number of Stock Acquisition Rights | Total issued: 15,000 stock acquisition rights; unexercised balance: Not disclosed |
Items this document does not state (17)
Specific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal 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.Payment of the issuance price for these stock acquisition rights, issued pursuant to a resolution of the Board of Directors dated 5 August 2026, has been completed. If an exercise-price adjustment is necessary for financing purposes, a resolution may be adopted to elect to adjust the exercise price.
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