Worth reading
62In focus
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
54000
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights for subscription (paid stock options)
Who receives how much
54,000 shares of common stock (540 subscription rights to shares, 100 shares per right)
5 directors of the Company22,000 shares
5 employees of the Company25,000 shares
2 directors of a subsidiary of the Company7,000 shares
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.
Not applicable. ¥1,525 per subscription right to shares
Total issue value
Not applicable. The total issue price of the subscription rights to shares is 540 rights × ¥1,525
Amount of funds to be raised
Total payment for the subscription rights to shares: ¥825,000. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Not applicable. These rights are issued for consideration and do not constitute compensation to the eligible recipients.
Existing Shares and Increase
+2.82%Rate of increase
1,914,733 shares1,968,733Shares
2.82% (voting rights ratio: 2.96%)
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 initial exercise price is ¥4,765 per share. Adjustment provisions apply in the event of a share split or consolidation, or the issuance of new shares or disposal of treasury shares at a price below market value, among other events. The lower limit for adjustments is Not disclosed
Exercise period
Start Date 13 July 2026 / End date 12 July 2028
Number of Stock Acquisition Rights
Total number issued: 540 rights. Number of outstanding unexercised rights: Not disclosed
Reason for acquisition without consideration
If approval is obtained at a shareholders meeting for a corporate reorganization or in other specified circumstances, or if the rights can no longer be exercised because of the exercise conditions, the Company may acquire all or the relevant subscription rights to shares without consideration on a date determined by the Board of Directors.
Categories and Number of Persons Covered
Category Directors of the company / Number of Employees 5 / Number of allocated shares 22,000 shares, Category The Company's employees / Number of Employees 5 / Number of allocated shares 25,000 shares, Category Directors of the company's subsidiaries / Number of Employees 2 / Number of allocated shares 7,000 shares
Payment date
10 July 2026
Basis for determining the amount to be paid
The issue price of ¥1,525 per subscription right to shares is equal to the fair value calculated by 東京フィナンシャル・アドバイザーズ株式会社, an independent third-party valuation institution, using a Monte Carlo simulation and taking into account share price information and other factors. The exercise price is ¥4,765, the closing price on 24 June 2026.
Procedures under the Corporate Code of Conduct
An independent third-party valuation institution, 東京フィナンシャル・アドバイザーズ株式会社, has assessed the fair value. Shareholders' meeting approval is not required.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights for subscription (paid stock options) |
| Number of shares to be issued or disposed of | 54,000 shares of common stock (540 subscription rights to shares, 100 shares per right) |
| Issue price and disposal price | Not applicable. ¥1,525 per subscription right to shares |
| Total issue value | Not applicable. The total issue price of the subscription rights to shares is 540 rights × ¥1,525 |
| Amount of funds to be raised | Total payment for the subscription rights to shares: ¥825,000. Estimated net proceeds: Not disclosed |
| Payment date | 10 July 2026 |
| Intended allottee | Category 5 directors of the Company / Number of units 220 rights / Number of Shares 22,000 shares, Category 5 employees of the Company / Number of units 250 rights / Number of Shares 25,000 shares, Category 2 directors of a subsidiary of the Company / Number of units 70 rights / Number of Shares 7,000 shares |
| Dilution Rate | 2.82% (voting rights ratio: 2.96%) |
| Total number of issued shares | 1,914,733 shares → 1,968,733 shares (if all of these subscription rights to shares are exercised)（2.82％） |
| Basis for determining the amount to be paid | The issue price of ¥1,525 per subscription right to shares is equal to the fair value calculated by 東京フィナンシャル・アドバイザーズ株式会社, an independent third-party valuation institution, using a Monte Carlo simulation and taking into account share price information and other factors. The exercise price is ¥4,765, the closing price on 24 June 2026. |
| Exercise price | The initial exercise price is ¥4,765 per share. Adjustment provisions apply in the event of a share split or consolidation, or the issuance of new shares or disposal of treasury shares at a price below market value, among other events. The lower limit for adjustments is Not disclosed |
| Exercise period | Start Date 13 July 2026 / End date 12 July 2028 |
| Number of Stock Acquisition Rights | Total number issued: 540 rights. Number of outstanding unexercised rights: Not disclosed |
| Reason for acquisition without consideration | If approval is obtained at a shareholders meeting for a corporate reorganization or in other specified circumstances, or if the rights can no longer be exercised because of the exercise conditions, the Company may acquire all or the relevant subscription rights to shares without consideration on a date determined by the Board of Directors. |
| Categories and Number of Persons Covered | Category Directors of the company / Number of Employees 5 / Number of allocated shares 22,000 shares, Category The Company's employees / Number of Employees 5 / Number of allocated shares 25,000 shares, Category Directors of the company's subsidiaries / Number of Employees 2 / Number of allocated shares 7,000 shares |
| Total Stock-Based Compensation | Not applicable. These rights are issued for consideration and do not constitute compensation to the eligible recipients. |
| Procedures under the Corporate Code of Conduct | An independent third-party valuation institution, 東京フィナンシャル・アドバイザーズ株式会社, has assessed the fair value. Shareholders' meeting approval is not required. |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyTransfer 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 enhance the motivation and morale of the eligible recipients toward expanding the Company's performance and increasing corporate value, and to further strengthen the Company's unity. In addition, by making the achievement of a share price target an exercise condition, the Company aims to have the eligible recipients and shareholders share the benefits of an increase in the share price and to secure their commitment to improving 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.