Details of issuance or disposal
Extinguishment of the 11th Series of Stock Acquisition Rights, which are trust-type stock options
156,000 shares (corresponding to the 39,000 stock acquisition rights to be extinguished)
| Item | Details |
|---|---|
| Type of issuance or disposal | Extinguishment of the 11th Series of Stock Acquisition Rights, which are trust-type stock options |
| Number of shares to be issued or disposed of | 156,000 shares (corresponding to the 39,000 stock acquisition rights to be extinguished) |
| Intended allottee | Enami Yoshihiro (榎並慶浩), the existing allotment recipient |
| Exercise price | ¥1,050. Whether there is an adjustment provision and the lower limit of adjustment: Not disclosed |
| Exercise period | From 1 November 2019 to 30 October 2029 |
| Number of Stock Acquisition Rights | Total issued: 69,000 options; unexercised balance: 39,000 options (0 options after extinguishment) |
| Impact on Business Performance | The impact of the extinguishment of these stock acquisition rights on financial results will be immaterial. |
Items this document does not state (21)
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 expected incentive effect has not been achieved because the Company's share price is substantially below the exercise price, among other factors. The new stock acquisition rights will feature an exercise price aligned with current market conditions and the current share price, as well as new performance targets, with the aim of aligning the interests of the eligible recipients and shareholders and achieving sustainable growth.