Worth reading
49Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
6100
Shares (potential shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as equity compensation stock options
Who receives how much
6,100 ordinary shares (61 share subscription rights × 100 shares per right)
4 directors, excluding Directors who are Audit & Supervisory Committee Members and Outside Directors, 61 rights
The lower thin line represents the existing number of shares to which these shares will be added.
The payment amount for each share subscription right will be calculated on the allotment date based on the Black-Scholes model. The exercise price is ¥1 per share.
Terms of the stock acquisition rights
Exercise price
The initial exercise price is ¥1 per share. The adjustment provisions and the adjustment floor are Not disclosed.
Exercise period
Within 30 days from the day following the first Annual General Meeting of Shareholders held after the allotment date of the share subscription rights. If the 30th day is a holiday, the period ends on the preceding business day.
Number of Stock Acquisition Rights
Total issued: 61 rights. The number of unexercised rights is Not disclosed.
Reason for acquisition without consideration
If prescribed approvals or other actions are obtained in connection with a merger, company split, share exchange or share transfer, an amendment to the Articles of Incorporation making all shares subject to transfer restrictions, or an amendment to the Articles of Incorporation providing that the company may acquire the underlying shares without approval or acquire all of them.
Categories and Number of Persons Covered
4 directors, excluding Directors who are Audit & Supervisory Committee Members and Outside Directors, 61 rights
Basis for determining the amount to be paid
Calculated on the allotment date based on the Black-Scholes model. The period used for the reference closing price and average share price, and the discount and premium rates, are Not disclosed.
Procedures under the Corporate Code of Conduct
Resolution of the Board of Directors. Whether an independent third-party opinion was obtained or shareholder approval was sought is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as equity compensation stock options |
| Number of shares to be issued or disposed of | 6,100 ordinary shares (61 share subscription rights × 100 shares per right) |
| Issue price and disposal price | The payment amount for each share subscription right will be calculated on the allotment date based on the Black-Scholes model. The exercise price is ¥1 per share. |
| Intended allottee | 4 directors, excluding Directors who are Audit & Supervisory Committee Members and Outside Directors, 61 rights |
| Basis for determining the amount to be paid | Calculated on the allotment date based on the Black-Scholes model. The period used for the reference closing price and average share price, and the discount and premium rates, are Not disclosed. |
| Exercise price | The initial exercise price is ¥1 per share. The adjustment provisions and the adjustment floor are Not disclosed. |
| Exercise period | Within 30 days from the day following the first Annual General Meeting of Shareholders held after the allotment date of the share subscription rights. If the 30th day is a holiday, the period ends on the preceding business day. |
| Number of Stock Acquisition Rights | Total issued: 61 rights. The number of unexercised rights is Not disclosed. |
| Reason for acquisition without consideration | If prescribed approvals or other actions are obtained in connection with a merger, company split, share exchange or share transfer, an amendment to the Articles of Incorporation making all shares subject to transfer restrictions, or an amendment to the Articles of Incorporation providing that the company may acquire the underlying shares without approval or acquire all of them. |
| Categories and Number of Persons Covered | 4 directors, excluding Directors who are Audit & Supervisory Committee Members and Outside Directors, 61 rights |
| Procedures under the Corporate Code of Conduct | Resolution of the Board of Directors. Whether an independent third-party opinion was obtained or shareholder approval was sought is Not disclosed. |
Items this document does not state (17)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended 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 align directors with shareholders in sharing the benefits and risks of share price fluctuations, heighten their motivation and morale to contribute to improved performance and increased corporate value, and promote the achievement of the management plan.
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.