Worth reading
42Recurring
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
150000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights (tax-qualified stock options) to directors
Who receives how much
150,000 common shares (1,500 stock acquisition rights, 100 shares per stock acquisition right)
1 Company director, excluding directors serving as Audit and Supervisory Committee members and outside directors: 1,500 stock acquisition rights
The lower thin line represents the existing number of shares to which these shares will be added.
The payment amount for the stock acquisition rights is nil. The exercise price per share will be the closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the allotment date, or, if no closing price is available on that date, the closing price on the most recent preceding trading day.
Terms of the stock acquisition rights
Exercise price
The closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the allotment date. Adjustment provisions apply in the event of a share split, share consolidation or similar event. Floor for adjustments: Not disclosed
Exercise period
From 25 June 2028 to 24 June 2036
Number of Stock Acquisition Rights
Total number issued: 1,500. Number of unexercised stock acquisition rights: Not disclosed
Reason for acquisition without consideration
If a holder of the stock acquisition rights becomes unable to exercise the rights. Also, if a proposal concerning a merger, company split, share exchange, share transfer, conversion into a company with transfer restrictions or similar transaction is approved
Categories and Number of Persons Covered
1 Company director, excluding directors serving as Audit and Supervisory Committee members and outside directors: 1,500 stock acquisition rights
Payment date
Not applicable (no monetary payment is required in exchange for the stock acquisition rights)
Basis for determining the amount to be paid
The exercise price will be the closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the allotment date, or, if no closing price is available on that date, the closing price on the most recent preceding trading day. Discount rate/premium rate: Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights (tax-qualified stock options) to directors |
| Number of shares to be issued or disposed of | 150,000 common shares (1,500 stock acquisition rights, 100 shares per stock acquisition right) |
| Issue price and disposal price | The payment amount for the stock acquisition rights is nil. The exercise price per share will be the closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the allotment date, or, if no closing price is available on that date, the closing price on the most recent preceding trading day. |
| Payment date | Not applicable (no monetary payment is required in exchange for the stock acquisition rights) |
| Intended allottee | 1 Company director, excluding directors serving as Audit and Supervisory Committee members and outside directors: 1,500 stock acquisition rights |
| Basis for determining the amount to be paid | The exercise price will be the closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the allotment date, or, if no closing price is available on that date, the closing price on the most recent preceding trading day. Discount rate/premium rate: Not disclosed |
| Exercise price | The closing price for regular trading of the Company's common shares on the Tokyo Stock Exchange on the allotment date. Adjustment provisions apply in the event of a share split, share consolidation or similar event. Floor for adjustments: Not disclosed |
| Exercise period | From 25 June 2028 to 24 June 2036 |
| Number of Stock Acquisition Rights | Total number issued: 1,500. Number of unexercised stock acquisition rights: Not disclosed |
| Reason for acquisition without consideration | If a holder of the stock acquisition rights becomes unable to exercise the rights. Also, if a proposal concerning a merger, company split, share exchange, share transfer, conversion into a company with transfer restrictions or similar transaction is approved |
| Categories and Number of Persons Covered | 1 Company director, excluding directors serving as Audit and Supervisory Committee members and outside directors: 1,500 stock acquisition rights |
Items this document does not state (17)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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.The purpose is to further increase the motivation and morale of the Company's directors 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.
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.