Worth reading
44Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
52000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock options (stock acquisition rights) to the Company's employees
Who receives how much
52,000 common shares (52,000 stock acquisition rights, each representing 1 share)
8 employees of the Company: 52,000 stock acquisition rights
The lower thin line represents the existing number of shares to which these shares will be added.
The stock acquisition rights will be issued without consideration. The exercise price will be the closing price of the Company's common shares in regular trading on the Tokyo Stock Exchange on the day preceding the execution date of the allotment agreement.
Amount of funds to be raised
Payment at the time of issuance of the stock acquisition rights: ¥0; estimated net proceeds: Not disclosed. Total payment upon exercise: Not disclosed
Terms of the stock acquisition rights
Exercise price
Calculated based on the closing price on the day preceding the execution date of the allotment agreement. Adjustment provisions apply in the event of a stock split or consolidation, an issuance of new shares or disposal of treasury shares at a price below market value, a merger or other such event. The floor price is Not disclosed.
Exercise period
From 14 November 2028 to 13 November 2036
Number of Stock Acquisition Rights
Total number issued: 52,000. Number of unexercised rights: Not disclosed
Reason for acquisition without consideration
If the holder ceases to satisfy the conditions for exercise, a corporate reorganization is carried out, the holder waives the rights, or any of the following occurs: criminal punishment, violation of laws or regulations, disciplinary dismissal, competition with the Company, death, commencement of guardianship or other equivalent proceedings, commencement of bankruptcy or other insolvency proceedings, a relationship with antisocial forces, or a breach of the allotment agreement.
Categories and Number of Persons Covered
8 employees of the Company: 52,000 stock acquisition rights
Intended allottee's holding policy
The acquisition of the stock acquisition rights through transfer requires the approval of the Company's Board of Directors.
Payment date
No monetary payment is required.
Basis for determining the amount to be paid
The closing price of the Company's common shares in regular trading on the Tokyo Stock Exchange on the day preceding the execution date of the allotment agreement, or, if no trading takes place on that day, the closing price on the most recent preceding trading day. The discount rate and premium rate are Not disclosed.
Impact on Business Performance
The impact of this matter on consolidated results for the current fiscal year will be minor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock options (stock acquisition rights) to the Company's employees |
| Number of shares to be issued or disposed of | 52,000 common shares (52,000 stock acquisition rights, each representing 1 share) |
| Issue price and disposal price | The stock acquisition rights will be issued without consideration. The exercise price will be the closing price of the Company's common shares in regular trading on the Tokyo Stock Exchange on the day preceding the execution date of the allotment agreement. |
| Amount of funds to be raised | Payment at the time of issuance of the stock acquisition rights: ¥0; estimated net proceeds: Not disclosed. Total payment upon exercise: Not disclosed |
| Payment date | No monetary payment is required. |
| Intended allottee | 8 employees of the Company: 52,000 stock acquisition rights |
| Intended allottee's holding policy | The acquisition of the stock acquisition rights through transfer requires the approval of the Company's Board of Directors. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares in regular trading on the Tokyo Stock Exchange on the day preceding the execution date of the allotment agreement, or, if no trading takes place on that day, the closing price on the most recent preceding trading day. The discount rate and premium rate are Not disclosed. |
| Exercise price | Calculated based on the closing price on the day preceding the execution date of the allotment agreement. Adjustment provisions apply in the event of a stock split or consolidation, an issuance of new shares or disposal of treasury shares at a price below market value, a merger or other such event. The floor price is Not disclosed. |
| Exercise period | From 14 November 2028 to 13 November 2036 |
| Number of Stock Acquisition Rights | Total number issued: 52,000. Number of unexercised rights: Not disclosed |
| Reason for acquisition without consideration | If the holder ceases to satisfy the conditions for exercise, a corporate reorganization is carried out, the holder waives the rights, or any of the following occurs: criminal punishment, violation of laws or regulations, disciplinary dismissal, competition with the Company, death, commencement of guardianship or other equivalent proceedings, commencement of bankruptcy or other insolvency proceedings, a relationship with antisocial forces, or a breach of the allotment agreement. |
| Categories and Number of Persons Covered | 8 employees of the Company: 52,000 stock acquisition rights |
| Impact on Business Performance | The impact of this matter on consolidated results for the current fiscal year will be minor. |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 increase the Company's employees' motivation and morale to improve performance and thereby contribute to enhancing the Company's 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.