Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
400
unitsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock-based stock options for Directors
Who receives how much
40,000 common shares (400 stock acquisition rights, 100 shares per right)
Directors of the Company who are not Audit and Supervisory Committee Members2 / 400 rights
The lower thin line represents the existing number of shares to which these shares will be added.
No payment is required in exchange for the stock acquisition rights. The exercise price is ¥1 per share.
Amount of funds to be raised
The amount paid upon issuance of the stock acquisition rights is ¥0. The total amount payable upon exercise is ¥40,000 if all rights are exercised.
Total Stock-Based Compensation
Director compensation equivalent to the fair accounting value on the allotment date. Amount: not disclosed
Terms of the stock acquisition rights
Exercise price
The initial exercise price is ¥1 per share. No adjustment provision linked to the share price or adjustment floor is disclosed.
Exercise period
Start Date 17 April 2028 / End date 17 April 2036
Number of Stock Acquisition Rights
Total number issued 400 rights / Number of unexercised units Not disclosed
Reason for acquisition without consideration
Approval is granted at a shareholders meeting, or by resolution of the Board of Directors if shareholder approval is not required, for a merger agreement under which the Company becomes the non-surviving company, a company split agreement or plan under which the Company becomes the splitting company, or a share exchange agreement or share transfer plan under which the Company becomes a wholly owned subsidiary., Before exercising the rights, a holder of the stock acquisition rights becomes unable to exercise these stock acquisition rights under the prescribed exercise conditions.
Categories and Number of Persons Covered
2 Directors of the Company who are not Audit and Supervisory Committee Members, 400 rights
Payment date
No payment is required upon issuance of the stock acquisition rights.
Basis for determining the amount to be paid
The issuance price of the stock acquisition rights is ¥0 because they will be issued as Director compensation equivalent to their fair accounting value on the allotment date. The exercise price is ¥1 per share.
Procedures under the Corporate Code of Conduct
Resolved at a meeting of the Board of Directors held on 1 April 2026. Whether an independent third-party opinion was obtained or shareholder intentions were confirmed: not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock-based stock options for Directors |
| Number of shares to be issued or disposed of | 40,000 common shares (400 stock acquisition rights, 100 shares per right) |
| Issue price and disposal price | No payment is required in exchange for the stock acquisition rights. The exercise price is ¥1 per share. |
| Amount of funds to be raised | The amount paid upon issuance of the stock acquisition rights is ¥0. The total amount payable upon exercise is ¥40,000 if all rights are exercised. |
| Payment date | No payment is required upon issuance of the stock acquisition rights. |
| Intended allottee | Name Directors of the Company who are not Audit and Supervisory Committee Members / Number of Employees 2 / Number of rights allotted 400 rights |
| Basis for determining the amount to be paid | The issuance price of the stock acquisition rights is ¥0 because they will be issued as Director compensation equivalent to their fair accounting value on the allotment date. The exercise price is ¥1 per share. |
| Exercise price | The initial exercise price is ¥1 per share. No adjustment provision linked to the share price or adjustment floor is disclosed. |
| Exercise period | Start Date 17 April 2028 / End date 17 April 2036 |
| Number of Stock Acquisition Rights | Total number issued 400 rights / Number of unexercised units Not disclosed |
| Reason for acquisition without consideration | Approval is granted at a shareholders meeting, or by resolution of the Board of Directors if shareholder approval is not required, for a merger agreement under which the Company becomes the non-surviving company, a company split agreement or plan under which the Company becomes the splitting company, or a share exchange agreement or share transfer plan under which the Company becomes a wholly owned subsidiary., Before exercising the rights, a holder of the stock acquisition rights becomes unable to exercise these stock acquisition rights under the prescribed exercise conditions. |
| Categories and Number of Persons Covered | 2 Directors of the Company who are not Audit and Supervisory Committee Members, 400 rights |
| Total Stock-Based Compensation | Director compensation equivalent to the fair accounting value on the allotment date. Amount: not disclosed |
| Procedures under the Corporate Code of Conduct | Resolved at a meeting of the Board of Directors held on 1 April 2026. Whether an independent third-party opinion was obtained or shareholder intentions were confirmed: not disclosed |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsUnderwriter / 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 promote sound management by having Directors share with shareholders not only the benefits of a rise in the share price but also the risk of a decline, thereby increasing their motivation to contribute to enhancing corporate value.
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.