Worth reading
56In focus
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
1.7
% (dilution ratio relative to total shares issued)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights offered by subscription (paid stock options) (Series 8 stock acquisition rights)
Who receives how much
75,000 common shares (750 stock acquisition rights, 100 shares per right)
3 directors of the Company750 stock acquisition rights (equivalent to 75,000 common shares)
The lower thin line represents the existing number of shares to which these shares will be added.
¥14,500 per stock acquisition right
Total issue value
¥10,875,000 (¥14,500 × 750 rights)
Amount of funds to be raised
Total payment amount: ¥10,875,000; estimated net proceeds: Not disclosed
発行済株式総数
1.7% (if all of these stock acquisition rights are exercised)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Terms of the stock acquisition rights
Exercise price
¥2,893 per share. Based on the closing share price on the business day preceding the date of the Board of Directors’ resolution, with adjustment provisions applying in cases such as share splits, share consolidations and the issuance of shares below market value. Floor: Not disclosed
Exercise period
From 1 November 2027 to 29 September 2036
Number of Stock Acquisition Rights
Total number of rights issued: 750; number of unexercised rights: Not disclosed
Reason for acquisition without consideration
The company may acquire the rights without consideration if shareholder approval or similar approval is obtained for a corporate reorganisation or other event, or if the rights can no longer be exercised because the exercise conditions cannot be met.
Categories and Number of Persons Covered
3 directors of the company; 750 stock acquisition rights
Payment date
30 September 2026
Basis for determining the amount to be paid
The exercise price was set at ¥14,500 per stock acquisition right, with reference to the valuation calculated by an independent valuation agency using a Monte Carlo simulation that took share price information and other factors into account.
Procedures under the Corporate Code of Conduct
The rights will be issued for consideration at fair value and on terms that are not particularly favorable, so the issuance will be conducted without shareholder approval
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights offered by subscription (paid stock options) (Series 8 stock acquisition rights) |
| Number of shares to be issued or disposed of | 75,000 common shares (750 stock acquisition rights, 100 shares per right) |
| Issue price and disposal price | ¥14,500 per stock acquisition right |
| Total issue value | ¥10,875,000 (¥14,500 × 750 rights) |
| Amount of funds to be raised | Total payment amount: ¥10,875,000; estimated net proceeds: Not disclosed |
| Payment date | 30 September 2026 |
| Intended allottee | Name 3 directors of the Company / Number of Shares 750 stock acquisition rights (equivalent to 75,000 common shares) |
| Dilution Rate | 1.7% (if all of these stock acquisition rights are exercised) |
| Basis for determining the amount to be paid | The exercise price was set at ¥14,500 per stock acquisition right, with reference to the valuation calculated by an independent valuation agency using a Monte Carlo simulation that took share price information and other factors into account. |
| Exercise price | ¥2,893 per share. Based on the closing share price on the business day preceding the date of the Board of Directors’ resolution, with adjustment provisions applying in cases such as share splits, share consolidations and the issuance of shares below market value. Floor: Not disclosed |
| Exercise period | From 1 November 2027 to 29 September 2036 |
| Number of Stock Acquisition Rights | Total number of rights issued: 750; number of unexercised rights: Not disclosed |
| Reason for acquisition without consideration | The company may acquire the rights without consideration if shareholder approval or similar approval is obtained for a corporate reorganisation or other event, or if the rights can no longer be exercised because the exercise conditions cannot be met. |
| Categories and Number of Persons Covered | 3 directors of the company; 750 stock acquisition rights |
| Procedures under the Corporate Code of Conduct | The rights will be issued for consideration at fair value and on terms that are not particularly favorable, so the issuance will be conducted without shareholder approval |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 enhance the directors’ motivation and morale and strengthen unity with a view to long-term and sustainable earnings growth and an increase in corporate value. The company explained that exercise of the paid stock options is conditional on achieving standalone net sales targets and can contribute to the interests of existing 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.