Worth reading
44Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
593700
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options
発行・処分する株式数
5,937 stock acquisition rights, each covering 100 common shares (maximum of 593,700 shares)
Intended allottee
Category The Company's directors (excluding outside directors) / Number of Employees 4 / Number of stock acquisition rights 5,557 share acquisition rights, Category Executive officers of the Company / Number of Employees 3 / Number of stock acquisition rights 380 share acquisition rights
Nil per stock acquisition right
Total issue value
No consideration
Terms of the stock acquisition rights
Exercise price
The closing price in regular trading on the Tokyo Stock Exchange on the allotment date. Adjustment provisions apply in connection with share splits, share consolidations, the issuance of new shares or disposal of treasury shares at a price below market value, corporate reorganizations and other events. The floor price is Not disclosed.
Exercise period
Start Date 1 April 2027 / End date 26 July 2036
Number of Stock Acquisition Rights
Total number issued 5,937 stock acquisition rights (number scheduled for allotment) / Unexercised balance Not disclosed
Reason for acquisition without consideration
If, before exercising the rights, a holder becomes unable to exercise the stock acquisition rights under the exercise conditions or the stock acquisition rights allotment agreement, the Company may acquire the rights for no consideration as of a date separately determined by the Board of Directors.
Categories and Number of Persons Covered
Category The Company's directors (excluding outside directors) / Number of Employees 4 / Number of allocated stock acquisition rights 5,557 share acquisition rights, Category Executive officers of the Company / Number of Employees 3 / Number of allocated stock acquisition rights 380 share acquisition rights
Intended allottee's holding policy
Pledging the stock acquisition rights or otherwise disposing of them is not permitted. The acquisition of stock acquisition rights through transfer requires the approval of the Company’s Board of Directors.
Basis for determining the amount to be paid
The exercise price of the stock acquisition rights will be the closing price of the Company’s common shares in regular trading on the Tokyo Stock Exchange on the allotment date, or, if no trade is executed, the closing price on the most recent trading day. The discount and premium rates are Not disclosed.
Procedures under the Corporate Code of Conduct
The disclosure states that the issuance was decided by the Board of Directors following prior decisions by the Company’s required decision-making bodies. Whether an independent third party opinion was obtained and whether shareholder approval was sought are Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | 5,937 stock acquisition rights, each covering 100 common shares (maximum of 593,700 shares) |
| Issue price and disposal price | Nil per stock acquisition right |
| Total issue value | No consideration |
| Intended allottee | Category The Company's directors (excluding outside directors) / Number of Employees 4 / Number of stock acquisition rights 5,557 share acquisition rights, Category Executive officers of the Company / Number of Employees 3 / Number of stock acquisition rights 380 share acquisition rights |
| Intended allottee's holding policy | Pledging the stock acquisition rights or otherwise disposing of them is not permitted. The acquisition of stock acquisition rights through transfer requires the approval of the Company’s Board of Directors. |
| Basis for determining the amount to be paid | The exercise price of the stock acquisition rights will be the closing price of the Company’s common shares in regular trading on the Tokyo Stock Exchange on the allotment date, or, if no trade is executed, the closing price on the most recent trading day. The discount and premium rates are Not disclosed. |
| Exercise price | The closing price in regular trading on the Tokyo Stock Exchange on the allotment date. Adjustment provisions apply in connection with share splits, share consolidations, the issuance of new shares or disposal of treasury shares at a price below market value, corporate reorganizations and other events. The floor price is Not disclosed. |
| Exercise period | Start Date 1 April 2027 / End date 26 July 2036 |
| Number of Stock Acquisition Rights | Total number issued 5,937 stock acquisition rights (number scheduled for allotment) / Unexercised balance Not disclosed |
| Reason for acquisition without consideration | If, before exercising the rights, a holder becomes unable to exercise the stock acquisition rights under the exercise conditions or the stock acquisition rights allotment agreement, the Company may acquire the rights for no consideration as of a date separately determined by the Board of Directors. |
| Categories and Number of Persons Covered | Category The Company's directors (excluding outside directors) / Number of Employees 4 / Number of allocated stock acquisition rights 5,557 share acquisition rights, Category Executive officers of the Company / Number of Employees 3 / Number of allocated stock acquisition rights 380 share acquisition rights |
| Procedures under the Corporate Code of Conduct | The disclosure states that the issuance was decided by the Board of Directors following prior decisions by the Company’s required decision-making bodies. Whether an independent third party opinion was obtained and whether shareholder approval was sought are Not disclosed. |
Items this document does not state (15)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution 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 increase recipients’ motivation to contribute to a rise in the share price and enhancement of corporate value, and to share with shareholders the benefits and risks of share-price movements. The rights will be issued as compensation under which benefits are realized only if the share price rises.
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.