Worth reading
39Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
150000
unitsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock options (stock acquisition rights) to company employees
Who receives how much
150,000 stock acquisition rights, representing 150,000 underlying common shares (1 share per stock acquisition right)
2 executive officers of the Company100,000 stock acquisition rights
2 employees of the Company50,000 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.
No consideration (¥0) per stock acquisition right
Total issue value
Not stated because the rights are issued at no cost
Amount of funds to be raised
Total payment upon issuance of the stock acquisition rights: ¥0; estimated net proceeds: Not disclosed
Terms of the stock acquisition rights
Exercise price
The initial exercise price will be the closing price on the day preceding the date on which the allocation agreements are executed. Adjustment provisions apply in the event of a stock split or reverse stock split, an issuance of new shares or disposal of treasury shares at a price below market value, a corporate reorganization or other specified events. No floor for adjustments is stated.
Exercise period
Start Date 28 April 2028 / End date 27 April 2036
Number of Stock Acquisition Rights
Total number issued 150,000 stock acquisition rights / Number of unexercised units Not disclosed
Reason for acquisition without consideration
The company may acquire the rights without consideration if the holder ceases to satisfy the conditions for exercising the rights; the company undertakes a merger or similar transaction in which it is the disappearing company; the holder waives the stock acquisition rights; or any of the following occurs: criminal sanctions, misconduct, disciplinary dismissal, competition with the company, death, commencement of adult guardianship or similar proceedings, a petition for commencement of bankruptcy or other insolvency proceedings, an affiliation with antisocial forces, or a breach of the allocation agreement.
Categories and Number of Persons Covered
Category Executive officers of the Company / Number of Employees 2 / Number of allocated shares 100,000 stock acquisition rights (100,000 underlying shares), Category The Company's employees / Number of Employees 2 / Number of allocated shares 50,000 stock acquisition rights (50,000 underlying shares)
Payment date
No monetary payment is required
Basis for determining the amount to be paid
The exercise price will be the closing price of the company’s common stock in regular trading on the Tokyo Stock Exchange on the day preceding the date on which the allocation agreements for the stock acquisition rights are executed. If there were no trades on that day, the exercise price will be the closing price on the most recent preceding trading day. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
The issuance was resolved by the Board of Directors pursuant to Articles 236, 238 and 240 of the Companies Act. No information is provided on obtaining an opinion from an independent third party or confirming shareholders’ intentions.
Impact on Business Performance
The impact of this matter on consolidated results for the current fiscal year will be minor. If an impact on results arises, the company will disclose details promptly and appropriately once they are finalized.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock options (stock acquisition rights) to company employees |
| Number of shares to be issued or disposed of | 150,000 stock acquisition rights, representing 150,000 underlying common shares (1 share per stock acquisition right) |
| Issue price and disposal price | No consideration (¥0) per stock acquisition right |
| Total issue value | Not stated because the rights are issued at no cost |
| Amount of funds to be raised | Total payment upon issuance of the stock acquisition rights: ¥0; estimated net proceeds: Not disclosed |
| Payment date | No monetary payment is required |
| Intended allottee | Name 2 executive officers of the Company / Number of Shares 100,000 stock acquisition rights, Name 2 employees of the Company / Number of Shares 50,000 stock acquisition rights |
| Basis for determining the amount to be paid | The exercise price will be the closing price of the company’s common stock in regular trading on the Tokyo Stock Exchange on the day preceding the date on which the allocation agreements for the stock acquisition rights are executed. If there were no trades on that day, the exercise price will be the closing price on the most recent preceding trading day. No discount or premium rate is stated. |
| Exercise price | The initial exercise price will be the closing price on the day preceding the date on which the allocation agreements are executed. Adjustment provisions apply in the event of a stock split or reverse stock split, an issuance of new shares or disposal of treasury shares at a price below market value, a corporate reorganization or other specified events. No floor for adjustments is stated. |
| Exercise period | Start Date 28 April 2028 / End date 27 April 2036 |
| Number of Stock Acquisition Rights | Total number issued 150,000 stock acquisition rights / Number of unexercised units Not disclosed |
| Reason for acquisition without consideration | The company may acquire the rights without consideration if the holder ceases to satisfy the conditions for exercising the rights; the company undertakes a merger or similar transaction in which it is the disappearing company; the holder waives the stock acquisition rights; or any of the following occurs: criminal sanctions, misconduct, disciplinary dismissal, competition with the company, death, commencement of adult guardianship or similar proceedings, a petition for commencement of bankruptcy or other insolvency proceedings, an affiliation with antisocial forces, or a breach of the allocation agreement. |
| Categories and Number of Persons Covered | Category Executive officers of the Company / Number of Employees 2 / Number of allocated shares 100,000 stock acquisition rights (100,000 underlying shares), Category The Company's employees / Number of Employees 2 / Number of allocated shares 50,000 stock acquisition rights (50,000 underlying shares) |
| Procedures under the Corporate Code of Conduct | The issuance was resolved by the Board of Directors pursuant to Articles 236, 238 and 240 of the Companies Act. No information is provided on obtaining an opinion from an independent third party or confirming shareholders’ intentions. |
| Impact on Business Performance | The impact of this matter on consolidated results for the current fiscal year will be minor. If an impact on results arises, the company will disclose details promptly and appropriately once they are finalized. |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal 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.The purpose is to enhance our employees’ motivation and morale to improve performance and contribute to increasing corporate value.
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.