Worth reading
74In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
3500000
Shares (potential shares)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of the First Stock Acquisition Rights with Exercise Price Adjustment Provisions through a Third-Party Allotment
Who receives how much
3,500,000 common shares (35,000 stock acquisition rights; 100 common shares per stock acquisition right, if all rights are exercised)
Apricus Partners LLC: 35,000 stock acquisition rights (equivalent to 3.5 million common shares)
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,736 per stock acquisition right
Total issue value
¥60,760,000
Amount of funds to be raised
¥6,136,760,000 (estimated net proceeds: ¥6,056,760,000) / proceeds from the issuance of stock acquisition rights: ¥60,760,000; proceeds from the exercise of stock acquisition rights: ¥6,076,000,000
Estimated issuance expenses
¥80,000,000 (calculated as the difference between total proceeds of ¥6,136,760,000 and estimated net proceeds of ¥6,056,760,000)
Terms of the stock acquisition rights
Exercise price
Initial exercise price: ¥1,736. Subject to adjustment provisions. Adjusted to an amount equivalent to 90% of the closing price on the trading day immediately preceding the adjustment date. Minimum exercise price: ¥955; no upper limit
Exercise period
From 17 March 2026 (inclusive) through 17 March 2028 (inclusive)
Number of Stock Acquisition Rights
Total issued: 35,000 stock acquisition rights. Number of unexercised rights: not disclosed
Intended allottee's holding policy
The transfer of these stock acquisition rights is subject to the approval of the Company's Board of Directors. Details of the holding policy and lock-up: not disclosed
Payment date
16 March 2026
Basis for determining the amount to be paid
The initial exercise price is ¥1,736. The exercise price will be adjusted to an amount equivalent to 90% of the closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the trading day immediately preceding the adjustment date, rounded up to the nearest yen, when the resulting price is at least ¥1 higher or lower than the preceding exercise price. The minimum exercise price is ¥955, with no upper limit. The basis for determining the issue price of ¥1,736 per stock acquisition right: not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of the First Stock Acquisition Rights with Exercise Price Adjustment Provisions through a Third-Party Allotment |
| Number of shares to be issued or disposed of | 3,500,000 common shares (35,000 stock acquisition rights; 100 common shares per stock acquisition right, if all rights are exercised) |
| Issue price and disposal price | ¥1,736 per stock acquisition right |
| Total issue value | ¥60,760,000 |
| Amount of funds to be raised | ¥6,136,760,000 (estimated net proceeds: ¥6,056,760,000) / proceeds from the issuance of stock acquisition rights: ¥60,760,000; proceeds from the exercise of stock acquisition rights: ¥6,076,000,000 |
| Estimated issuance expenses | ¥80,000,000 (calculated as the difference between total proceeds of ¥6,136,760,000 and estimated net proceeds of ¥6,056,760,000) |
| Payment date | 16 March 2026 |
| Intended allottee | Apricus Partners LLC: 35,000 stock acquisition rights (equivalent to 3.5 million common shares) |
| Intended allottee's holding policy | The transfer of these stock acquisition rights is subject to the approval of the Company's Board of Directors. Details of the holding policy and lock-up: not disclosed |
| Basis for determining the amount to be paid | The initial exercise price is ¥1,736. The exercise price will be adjusted to an amount equivalent to 90% of the closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the trading day immediately preceding the adjustment date, rounded up to the nearest yen, when the resulting price is at least ¥1 higher or lower than the preceding exercise price. The minimum exercise price is ¥955, with no upper limit. The basis for determining the issue price of ¥1,736 per stock acquisition right: not disclosed |
| Exercise price | Initial exercise price: ¥1,736. Subject to adjustment provisions. Adjusted to an amount equivalent to 90% of the closing price on the trading day immediately preceding the adjustment date. Minimum exercise price: ¥955; no upper limit |
| Exercise period | From 17 March 2026 (inclusive) through 17 March 2028 (inclusive) |
| Number of Stock Acquisition Rights | Total issued: 35,000 stock acquisition rights. Number of unexercised rights: not disclosed |
Items this document does not state (15)
Specific use of fundsDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal 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.Payment of the total issue price for the stock acquisition rights approved by the Board of Directors on 27 February 2026 was completed on 16 March 2026.
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.