Worth reading
49Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
15300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share acquisition rights as stock options
Who receives how much15,300Shares
15,300 common shares
The Company's employees11 / Equivalent to 11,000 shares
Employees of the company's subsidiaries7 / Equivalent to 7,000 shares
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.
The fair value of each share acquisition right as of the allotment date, calculated using the Black-Scholes model
Terms of the stock acquisition rights
Exercise price
The average closing price on each trading day in the month preceding the month containing the allotment date × 1.05. However, if this is lower than the closing price on the allotment date, the closing price on the allotment date will apply. The exercise price is subject to adjustment provisions.
Exercise period
Start Date 17 June 2028 / End date 16 June 2036
Number of Stock Acquisition Rights
Total number issued 15,300 share acquisition rights / Unexercised balance Not disclosed
Reason for acquisition without consideration
If the necessary approval resolutions or other procedures are completed in connection with a corporate reorganization, if a rights holder ceases to hold the status of an officer or employee of the Company or a subsidiary, or if any of the following occurs: a sentence of imprisonment or more severe punishment, competition with the Company, misconduct, attachment or insolvency proceedings, relations with antisocial forces, a breach of contract, grounds for disciplinary action, or a breach of the duty of loyalty.
Categories and Number of Persons Covered
Category The Company's employees / Number of Employees 11 / Number of allocated shares Equivalent to 11,000 shares, Category Employees of the company's subsidiaries / Number of Employees 7 / Number of allocated shares Equivalent to 7,000 shares
Payment date
1 July 2026 (allotment date)
Basis for determining the amount to be paid
The payment amount per share acquisition right will be calculated using the Black-Scholes model based on the fair value as of the allotment date and the closing price of the Company's common shares on the Tokyo Stock Exchange on the allotment date. The exercise price will be calculated by multiplying the average closing price on each trading day in the month preceding the month containing the allotment date by 1.05. If this amount is lower than the closing price on the allotment date, the closing price on the allotment date will apply.
Procedures under the Corporate Code of Conduct
The Company determined that the issuance does not constitute a favorable issuance because the terms are not particularly favorable and the stock options are effective as an incentive. The issuance will therefore be carried out based on an approval resolution of the Board of Directors.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share acquisition rights as stock options |
| Number of shares to be issued or disposed of | 15,300 common shares |
| Issue price and disposal price | The fair value of each share acquisition right as of the allotment date, calculated using the Black-Scholes model |
| Payment date | 1 July 2026 (allotment date) |
| Intended allottee | Name The Company's employees / Number of Employees 11 / Number of Shares Equivalent to 11,000 shares, Name Employees of the company's subsidiaries / Number of Employees 7 / Number of Shares Equivalent to 7,000 shares |
| Basis for determining the amount to be paid | The payment amount per share acquisition right will be calculated using the Black-Scholes model based on the fair value as of the allotment date and the closing price of the Company's common shares on the Tokyo Stock Exchange on the allotment date. The exercise price will be calculated by multiplying the average closing price on each trading day in the month preceding the month containing the allotment date by 1.05. If this amount is lower than the closing price on the allotment date, the closing price on the allotment date will apply. |
| Exercise price | The average closing price on each trading day in the month preceding the month containing the allotment date × 1.05. However, if this is lower than the closing price on the allotment date, the closing price on the allotment date will apply. The exercise price is subject to adjustment provisions. |
| Exercise period | Start Date 17 June 2028 / End date 16 June 2036 |
| Number of Stock Acquisition Rights | Total number issued 15,300 share acquisition rights / Unexercised balance Not disclosed |
| Reason for acquisition without consideration | If the necessary approval resolutions or other procedures are completed in connection with a corporate reorganization, if a rights holder ceases to hold the status of an officer or employee of the Company or a subsidiary, or if any of the following occurs: a sentence of imprisonment or more severe punishment, competition with the Company, misconduct, attachment or insolvency proceedings, relations with antisocial forces, a breach of contract, grounds for disciplinary action, or a breach of the duty of loyalty. |
| Categories and Number of Persons Covered | Category The Company's employees / Number of Employees 11 / Number of allocated shares Equivalent to 11,000 shares, Category Employees of the company's subsidiaries / Number of Employees 7 / Number of allocated shares Equivalent to 7,000 shares |
| Procedures under the Corporate Code of Conduct | The Company determined that the issuance does not constitute a favorable issuance because the terms are not particularly favorable and the stock options are effective as an incentive. The issuance will therefore be carried out based on an approval resolution of the Board of Directors. |
Items this document does not state (16)
Total issue valueAmount of funds to be raisedEstimated 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 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 further enhance employee motivation and morale as the Company seeks to expand the performance of the Company group and increase corporate value over the medium to long term.
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.