Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
2500
Shares (25 stock acquisition rights × 100 shares granted per right)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of stock compensation-type stock options (stock acquisition rights) (SHIMA SEIKI MFG.,LTD. 11th Series Stock Acquisition Rights)
Who receives how much
Up to 2,500 common shares (25 stock acquisition rights × 100 shares per right; the number may decrease if applications are not submitted, among other reasons)
3 directors (excluding directors who are Audit and Supervisory Committee members and outside directors)Equivalent to 1,400 shares (14 stock acquisition rights)
1 senior executive officerEquivalent to 300 shares (3 stock acquisition rights)
4 executive officersEquivalent to 800 shares (8 stock acquisition rights)
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 payment amount will be calculated by multiplying the option price per share calculated using the Black-Scholes model by the number of shares granted. The specific amount is scheduled to be determined on 17 July 2026. The exercise price is ¥1 per share.
Amount of funds to be raised
Total payment amount: Not disclosed. Approximate net proceeds: Not disclosed (offset against claims for remuneration)
Terms of the stock acquisition rights
Exercise price
The initial exercise price is ¥1 per share. The adjustment provisions are Not disclosed.
Exercise period
Start Date 18 July 2026 / End date 17 July 2056
Number of Stock Acquisition Rights
Total number to be issued: 25 (number allocated; the number may decrease if applications are not submitted, among other reasons). Number of outstanding unexercised rights: Not disclosed
Reason for acquisition without consideration
The Company may acquire the stock acquisition rights without consideration on a date separately determined by the Board of Directors if, as a result of a merger, company split, share exchange or share transfer, the Company becomes the disappearing company, splitting company or wholly owned subsidiary, or if a proposal for an amendment to the Articles of Incorporation concerning restrictions on the transfer of shares or other securities is approved, or, where a shareholders' meeting resolution is not required, if a resolution is adopted by the Board of Directors.
Categories and Number of Persons Covered
Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 3 / Number of allocated shares Equivalent to 1,400 shares (14 stock acquisition rights), Category Senior Executive Officer / Number of Employees 1 / Number of allocated shares Equivalent to 300 shares (3 stock acquisition rights), Category Executive officers / Number of Employees 4 / Number of allocated shares Equivalent to 800 shares (8 stock acquisition rights)
Payment date
17 July 2026
Basis for determining the amount to be paid
The Black-Scholes model will be used. The share price will be the closing price for regular trading of the common shares on the Tokyo Stock Exchange on 17 July 2026. The exercise price will be ¥1, the expected remaining term will be 15 years, and volatility will be calculated based on the closing prices on the final trading day of each week from 18 July 2011 to 17 July 2026. The discount rate and premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
The number of stock acquisition rights to be allocated will be determined based on an assessment by the voluntary Nomination and Remuneration Committee, chaired by an outside director.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock compensation-type stock options (stock acquisition rights) (SHIMA SEIKI MFG.,LTD. 11th Series Stock Acquisition Rights) |
| Number of shares to be issued or disposed of | Up to 2,500 common shares (25 stock acquisition rights × 100 shares per right; the number may decrease if applications are not submitted, among other reasons) |
| Issue price and disposal price | The payment amount will be calculated by multiplying the option price per share calculated using the Black-Scholes model by the number of shares granted. The specific amount is scheduled to be determined on 17 July 2026. The exercise price is ¥1 per share. |
| Amount of funds to be raised | Total payment amount: Not disclosed. Approximate net proceeds: Not disclosed (offset against claims for remuneration) |
| Payment date | 17 July 2026 |
| Intended allottee | Name 3 directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Shares Equivalent to 1,400 shares (14 stock acquisition rights), Name 1 senior executive officer / Number of Shares Equivalent to 300 shares (3 stock acquisition rights), Name 4 executive officers / Number of Shares Equivalent to 800 shares (8 stock acquisition rights) |
| Basis for determining the amount to be paid | The Black-Scholes model will be used. The share price will be the closing price for regular trading of the common shares on the Tokyo Stock Exchange on 17 July 2026. The exercise price will be ¥1, the expected remaining term will be 15 years, and volatility will be calculated based on the closing prices on the final trading day of each week from 18 July 2011 to 17 July 2026. The discount rate and premium rate are Not disclosed. |
| Exercise price | The initial exercise price is ¥1 per share. The adjustment provisions are Not disclosed. |
| Exercise period | Start Date 18 July 2026 / End date 17 July 2056 |
| Number of Stock Acquisition Rights | Total number to be issued: 25 (number allocated; the number may decrease if applications are not submitted, among other reasons). Number of outstanding unexercised rights: Not disclosed |
| Reason for acquisition without consideration | The Company may acquire the stock acquisition rights without consideration on a date separately determined by the Board of Directors if, as a result of a merger, company split, share exchange or share transfer, the Company becomes the disappearing company, splitting company or wholly owned subsidiary, or if a proposal for an amendment to the Articles of Incorporation concerning restrictions on the transfer of shares or other securities is approved, or, where a shareholders' meeting resolution is not required, if a resolution is adopted by the Board of Directors. |
| Categories and Number of Persons Covered | Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 3 / Number of allocated shares Equivalent to 1,400 shares (14 stock acquisition rights), Category Senior Executive Officer / Number of Employees 1 / Number of allocated shares Equivalent to 300 shares (3 stock acquisition rights), Category Executive officers / Number of Employees 4 / Number of allocated shares Equivalent to 800 shares (8 stock acquisition rights) |
| Procedures under the Corporate Code of Conduct | The number of stock acquisition rights to be allocated will be determined based on an assessment by the voluntary Nomination and Remuneration Committee, chaired by an outside director. |
Items this document does not state (15)
Total issue valueEstimated 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 encourage contributions to improving performance and corporate value over the medium to long term, and to further promote the sharing of value with shareholders.
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.