Worth reading
43Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
2000
Units (maximum)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options for directors (excluding directors who are Audit and Supervisory Committee members and outside directors)
発行・処分する株式数
100 shares per stock acquisition right. The total number of stock acquisition rights will be capped at 2,000, to be allocated within one year from the date of the annual shareholders' meeting for each fiscal year.
Intended allottee
Directors, excluding directors who are Audit and Supervisory Committee members and outside directors
No monetary payment is required in exchange for the stock acquisition rights.
Amount of funds to be raised
Total amount to be paid: ¥0. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Not more than ¥100 million per year
Terms of the stock acquisition rights
Exercise price
The closing price of the Company's common shares in regular trading on the Tokyo Stock Exchange on the date the stock acquisition rights are allocated. Adjustment provisions apply in the event of a share split or consolidation, an issuance of new shares or disposal of treasury shares at a price below market value, a merger, company split or other such event. Floor for adjustments: Not disclosed
Exercise period
A period determined by resolution of the Board of Directors, commencing on a date two years after the date of the Board of Directors' resolution determining the offering terms for the stock acquisition rights and ending no later than 10 years after that resolution date.
Number of Stock Acquisition Rights
Total issued: capped at 2,000 stock acquisition rights to be allocated within one year from the date of the annual shareholders' meeting for each fiscal year. Unexercised balance: Not disclosed
Reason for acquisition without consideration
If, before exercise, the stock acquisition rights become non-exercisable under the exercise conditions or the stock acquisition rights allocation agreement. If a merger, company split, share exchange, share transfer, amendment to the Articles of Incorporation or other specified proposal is approved.
Categories and Number of Persons Covered
Directors (excluding directors who are Audit and Supervisory Committee members and outside directors): number of persons and number of shares allocated: Not disclosed
Basis for determining the amount to be paid
The exercise price will be the closing price of the Company's common shares in regular trading on the Tokyo Stock Exchange on the date the stock acquisition rights are allocated, or, if there is no closing price on that date, the closing price on the most recent preceding trading day.
Procedures under the Corporate Code of Conduct
The proposal will be submitted to the 11th Annual Shareholders' Meeting, scheduled to be held on 24 June 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options for directors (excluding directors who are Audit and Supervisory Committee members and outside directors) |
| Number of shares to be issued or disposed of | 100 shares per stock acquisition right. The total number of stock acquisition rights will be capped at 2,000, to be allocated within one year from the date of the annual shareholders' meeting for each fiscal year. |
| Issue price and disposal price | No monetary payment is required in exchange for the stock acquisition rights. |
| Amount of funds to be raised | Total amount to be paid: ¥0. Estimated net proceeds: Not disclosed |
| Intended allottee | Directors, excluding directors who are Audit and Supervisory Committee members and outside directors |
| Basis for determining the amount to be paid | The exercise price will be the closing price of the Company's common shares in regular trading on the Tokyo Stock Exchange on the date the stock acquisition rights are allocated, or, if there is no closing price on that date, the closing price on the most recent preceding trading day. |
| Exercise price | The closing price of the Company's common shares in regular trading on the Tokyo Stock Exchange on the date the stock acquisition rights are allocated. Adjustment provisions apply in the event of a share split or consolidation, an issuance of new shares or disposal of treasury shares at a price below market value, a merger, company split or other such event. Floor for adjustments: Not disclosed |
| Exercise period | A period determined by resolution of the Board of Directors, commencing on a date two years after the date of the Board of Directors' resolution determining the offering terms for the stock acquisition rights and ending no later than 10 years after that resolution date. |
| Number of Stock Acquisition Rights | Total issued: capped at 2,000 stock acquisition rights to be allocated within one year from the date of the annual shareholders' meeting for each fiscal year. Unexercised balance: Not disclosed |
| Reason for acquisition without consideration | If, before exercise, the stock acquisition rights become non-exercisable under the exercise conditions or the stock acquisition rights allocation agreement. If a merger, company split, share exchange, share transfer, amendment to the Articles of Incorporation or other specified proposal is approved. |
| Categories and Number of Persons Covered | Directors (excluding directors who are Audit and Supervisory Committee members and outside directors): number of persons and number of shares allocated: Not disclosed |
| Total Stock-Based Compensation | Not more than ¥100 million per year |
| Procedures under the Corporate Code of Conduct | The proposal will be submitted to the 11th Annual Shareholders' Meeting, scheduled to be held on 24 June 2026. |
Items this document does not state (15)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended 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 enhance directors' motivation and morale to contribute to improving the Company's medium- to long-term performance and corporate value, and to share with shareholders not only the benefits of a rising share price but also the risks associated with share-price fluctuations.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.