Worth reading
47Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
18600
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options
Who receives how much
18,600 common shares (186 share subscription rights, each representing 100 shares)
53 employees of the Company approved by the Company's Board of Directors (186 share subscription rights in total, representing 18,600 shares)
The lower thin line represents the existing number of shares to which these shares will be added.
Terms of the stock acquisition rights
Exercise price
The average closing price for the month preceding the month in which the allocation date falls multiplied by 1.03, subject to the closing price on the allocation date as the floor. The exercise price will be adjusted in connection with certain issuances of new shares or disposals of treasury shares, and stock splits or consolidations, after the issuance.
Exercise period
1 July 2028 to 30 June 2031
Number of Stock Acquisition Rights
186 share subscription rights issued in total. The number of outstanding unexercised rights is Not disclosed.
Reason for acquisition without consideration
When a proposal concerning a corporate reorganization or other relevant proposal is approved at a general meeting of shareholders (or, if shareholder approval is not required, when the Board of Directors adopts a resolution), or when a holder of the share subscription rights becomes unable to exercise them under the exercise conditions before exercising the 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, Audit & Supervisory Board member or employee of the Company at the time of exercise. However, if the holder loses that position due to the expiration of the term of office, mandatory retirement or another legitimate reason, the rights may be exercised for 1 year after the loss of that position.
Categories and Number of Persons Covered
53 employees of the Company, holding 186 share subscription rights in total (representing 18,600 shares)
Intended allottee's holding policy
The acquisition of the share subscription rights through transfer requires the approval of the Company's Board of Directors. Pledging or any other disposition is not permitted.
Basis for determining the amount to be paid
The exercise price will be the average closing price on each trading day in the month preceding the month in which the allocation date falls, multiplied by 1.03. However, if this amount is lower than the closing price on the allocation date, the closing price on the allocation date will apply.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | 18,600 common shares (186 share subscription rights, each representing 100 shares) |
| Intended allottee | 53 employees of the Company approved by the Company's Board of Directors (186 share subscription rights in total, representing 18,600 shares) |
| Intended allottee's holding policy | The acquisition of the share subscription rights through transfer requires the approval of the Company's Board of Directors. Pledging or any other disposition is not permitted. |
| Basis for determining the amount to be paid | The exercise price will be the average closing price on each trading day in the month preceding the month in which the allocation date falls, multiplied by 1.03. However, if this amount is lower than the closing price on the allocation date, the closing price on the allocation date will apply. |
| Exercise price | The average closing price for the month preceding the month in which the allocation date falls multiplied by 1.03, subject to the closing price on the allocation date as the floor. The exercise price will be adjusted in connection with certain issuances of new shares or disposals of treasury shares, and stock splits or consolidations, after the issuance. |
| Exercise period | 1 July 2028 to 30 June 2031 |
| Number of Stock Acquisition Rights | 186 share subscription rights issued in total. The number of outstanding unexercised rights is Not disclosed. |
| Conditions for lifting transfer restrictions | The holder must hold the position of director, Audit & Supervisory Board member or employee of the Company at the time of exercise. However, if the holder loses that position due to the expiration of the term of office, mandatory retirement or another legitimate reason, the rights may be exercised for 1 year after the loss of that position. |
| Reason for acquisition without consideration | When a proposal concerning a corporate reorganization or other relevant proposal is approved at a general meeting of shareholders (or, if shareholder approval is not required, when the Board of Directors adopts a resolution), or when a holder of the share subscription rights becomes unable to exercise them under the exercise conditions before exercising the rights. |
| Categories and Number of Persons Covered | 53 employees of the Company, holding 186 share subscription rights in total (representing 18,600 shares) |
Items this document does not state (17)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTransfer restriction periodTotal 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.To further enhance the willingness and morale of employees to contribute to improved business performance, while further promoting management that prioritizes shareholders.
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.