Worth reading
54Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
6.22
% (maximum dilution rate)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share acquisition rights as tax-qualified stock options
Who receives how much
Up to 119,100 shares (1,191 stock acquisition rights × 100 shares per right)
157 employees of the company1,191 rights
The lower thin line represents the existing number of shares to which these shares will be added.
The stock acquisition rights will be issued at no cost. The exercise price will be the closing price of the company’s common stock on the Tokyo Stock Exchange on the allotment date.
発行済株式総数
Up to 6.22%
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Terms of the stock acquisition rights
Exercise price
The closing price on the allotment date. Adjustment provisions apply in the event of a stock split or consolidation, an issuance of new shares or disposal of treasury shares at a price below market value, a merger or other such event. The lower limit for adjustments is Not disclosed.
Exercise period
Start Date 25 July 2028 / End date 24 June 2036
Number of Stock Acquisition Rights
Total number issued 1,191 rights / Unexercised balance Not disclosed
Reason for acquisition without consideration
The company may acquire the stock acquisition rights at no cost if approval is obtained at a shareholders meeting or otherwise for a merger or other transaction in which the company becomes the disappearing company, or if a holder of the stock acquisition rights ceases to satisfy the exercise conditions.
Categories and Number of Persons Covered
157 employees of the company, 1,191 rights
Intended allottee's holding policy
Transfer of the stock acquisition rights requires approval from the company’s board of directors.
Basis for determining the amount to be paid
The exercise price will be the closing price of the company’s common stock in regular trading on the Tokyo Stock Exchange on the allotment date. If no trade is executed, the exercise price will be based on the closing price on the most recent preceding trading day.
Procedures under the Corporate Code of Conduct
As the issuance is not on especially favorable terms, it will be carried out without obtaining approval at a shareholders meeting.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share acquisition rights as tax-qualified stock options |
| Number of shares to be issued or disposed of | Up to 119,100 shares (1,191 stock acquisition rights × 100 shares per right) |
| Issue price and disposal price | The stock acquisition rights will be issued at no cost. The exercise price will be the closing price of the company’s common stock on the Tokyo Stock Exchange on the allotment date. |
| Intended allottee | Category 157 employees of the company / Number of units 1,191 rights |
| Intended allottee's holding policy | Transfer of the stock acquisition rights requires approval from the company’s board of directors. |
| Dilution Rate | Up to 6.22% |
| Total number of issued shares | 1,914,733 shares → Not disclosed（Up to 6.22%） |
| Basis for determining the amount to be paid | The exercise price will be the closing price of the company’s common stock in regular trading on the Tokyo Stock Exchange on the allotment date. If no trade is executed, the exercise price will be based on the closing price on the most recent preceding trading day. |
| Exercise price | The closing price on the allotment date. Adjustment provisions apply in the event of a stock split or consolidation, an issuance of new shares or disposal of treasury shares at a price below market value, a merger or other such event. The lower limit for adjustments is Not disclosed. |
| Exercise period | Start Date 25 July 2028 / End date 24 June 2036 |
| Number of Stock Acquisition Rights | Total number issued 1,191 rights / Unexercised balance Not disclosed |
| Reason for acquisition without consideration | The company may acquire the stock acquisition rights at no cost if approval is obtained at a shareholders meeting or otherwise for a merger or other transaction in which the company becomes the disappearing company, or if a holder of the stock acquisition rights ceases to satisfy the exercise conditions. |
| Categories and Number of Persons Covered | 157 employees of the company, 1,191 rights |
| Procedures under the Corporate Code of Conduct | As the issuance is not on especially favorable terms, it will be carried out without obtaining approval at a shareholders meeting. |
Items this document does not state (14)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateTransfer 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 strengthen cohesion within the group and increase employees’ motivation and morale to contribute to improved performance. The options will also serve as an incentive to secure and retain talent and enhance 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.