Worth reading
46Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
35000
Shares (ordinary shares underlying the stock acquisition rights)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options to employees
Who receives how much
35,000 common shares (350 stock acquisition rights, 100 shares per right)
15 employees of the Company350 rights
The lower thin line represents the existing number of shares to which these shares will be added.
No consideration per stock acquisition right
Amount of funds to be raised
No payment is required for the stock acquisition rights, and no funds will be raised
Terms of the stock acquisition rights
Exercise price
The initial exercise price, for an allocation in April 2026, will be the average closing price on each trading day in March 2026 multiplied by 1.05, subject to the closing price on the allocation date as the floor. Adjustment provisions apply in connection with share splits, reverse share splits, new share issuances and other events
Exercise period
Start Date 17 April 2028 / End date 16 April 2036
Number of Stock Acquisition Rights
Total number issued 350 rights / Number of unexercised units Not disclosed
Reason for acquisition without consideration
If approval or other authorization is obtained at a shareholders meeting for a corporate reorganization, or if a holder of the stock acquisition rights becomes unable to exercise the rights, the Company may acquire the stock acquisition rights without consideration
Categories and Number of Persons Covered
15 employees of the Company, 350 rights
Intended allottee's holding policy
The transfer of the stock acquisition rights requires approval by resolution of the Company's Board of Directors
Payment date
Not applicable (no monetary payment is required in exchange for the share acquisition rights)
Basis for determining the amount to be paid
The exercise price will be the average closing price of the Company's common shares on the Tokyo Stock Exchange on each trading day in the month preceding the month in which the stock acquisition rights are allocated, multiplied by 1.05. However, if this amount is lower than the closing price on the allocation date, the closing price on the allocation date will apply
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 options to employees |
| Number of shares to be issued or disposed of | 35,000 common shares (350 stock acquisition rights, 100 shares per right) |
| Issue price and disposal price | No consideration per stock acquisition right |
| Amount of funds to be raised | No payment is required for the stock acquisition rights, and no funds will be raised |
| Payment date | Not applicable (no monetary payment is required in exchange for the share acquisition rights) |
| Intended allottee | Category 15 employees of the Company / Number of units 350 rights |
| Intended allottee's holding policy | The transfer of the stock acquisition rights requires approval by resolution of the Company's Board of Directors |
| Basis for determining the amount to be paid | The exercise price will be the average closing price of the Company's common shares on the Tokyo Stock Exchange on each trading day in the month preceding the month in which the stock acquisition rights are allocated, multiplied by 1.05. However, if this amount is lower than the closing price on the allocation date, the closing price on the allocation date will apply |
| Exercise price | The initial exercise price, for an allocation in April 2026, will be the average closing price on each trading day in March 2026 multiplied by 1.05, subject to the closing price on the allocation date as the floor. Adjustment provisions apply in connection with share splits, reverse share splits, new share issuances and other events |
| Exercise period | Start Date 17 April 2028 / End date 16 April 2036 |
| Number of Stock Acquisition Rights | Total number issued 350 rights / Number of unexercised units Not disclosed |
| Reason for acquisition without consideration | If approval or other authorization is obtained at a shareholders meeting for a corporate reorganization, or if a holder of the stock acquisition rights becomes unable to exercise the rights, the Company may acquire the stock acquisition rights without consideration |
| Categories and Number of Persons Covered | 15 employees of the Company, 350 rights |
| 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 fundsDilution 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 employee motivation and morale and further strengthen the Company's cohesion with a view to increasing 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.