Worth reading
61In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
300000
Shares (maximum)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Free issue of share acquisition rights as stock options
発行・処分する株式数
Up to an aggregate of 300,000 shares of the Company's common stock (3,000 share acquisition rights, with 100 shares per right)
Intended allottee
Employees and other eligible persons (employees of the Company and directors and employees of the Company's subsidiaries)
The subscription price for the share acquisition rights will be nil.
Total issue value
No consideration
Amount of funds to be raised
Total subscription proceeds: ¥0; estimated net proceeds: Not disclosed
Terms of the stock acquisition rights
Exercise price
The initial exercise price will be an amount equal to 1.05 times the average closing price during the month preceding the month containing the date of allocation of the share acquisition rights, or the closing price on the allocation date if lower. The terms include adjustment provisions for share splits, consolidations and similar events; no provision is stated that sets the closing price on the allocation date as the lower limit.
Exercise period
From 1 July 2028 to 30 June 2030
Number of Stock Acquisition Rights
Maximum total number to be issued: 3,000; outstanding unexercised: Not disclosed
Reason for acquisition without consideration
If a proposal to approve an agreement for a share exchange under which the Company becomes a wholly owned subsidiary, or a proposal for a share transfer, is approved at a general meeting of shareholders, or if an allottee ceases to meet the conditions for exercise.
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Conditions for lifting transfer restrictions
At the time of exercise, the holder must be a director, executive officer or employee of the Company or one of its subsidiaries, except where the holder has left office upon expiration of the term, retired at the mandatory retirement age or has another legitimate reason.
Categories and Number of Persons Covered
Employees of the Company and directors and employees of the Company's subsidiaries. The number of eligible persons and the number of allocated shares by category: Not disclosed
Intended allottee's holding policy
Transfers of the share acquisition rights require approval by the Company's Board of Directors.
Basis for determining the amount to be paid
An amount equal to 1.05 times the average closing price of the Company's shares in ordinary trading on the Tokyo Stock Exchange on each trading day in the month preceding the month containing the date of allocation of the share acquisition rights, excluding days on which no trade was executed. However, if this amount is below the closing price on the allocation date, the closing price on the allocation date will apply.
Procedures under the Corporate Code of Conduct
Subject to approval at the annual general meeting of shareholders scheduled for 19 June 2026
| Item | Details |
|---|---|
| Type of issuance or disposal | Free issue of share acquisition rights as stock options |
| Number of shares to be issued or disposed of | Up to an aggregate of 300,000 shares of the Company's common stock (3,000 share acquisition rights, with 100 shares per right) |
| Issue price and disposal price | The subscription price for the share acquisition rights will be nil. |
| Total issue value | No consideration |
| Amount of funds to be raised | Total subscription proceeds: ¥0; estimated net proceeds: Not disclosed |
| Intended allottee | Employees and other eligible persons (employees of the Company and directors and employees of the Company's subsidiaries) |
| Intended allottee's holding policy | Transfers of the share acquisition rights require approval by the Company's Board of Directors. |
| Basis for determining the amount to be paid | An amount equal to 1.05 times the average closing price of the Company's shares in ordinary trading on the Tokyo Stock Exchange on each trading day in the month preceding the month containing the date of allocation of the share acquisition rights, excluding days on which no trade was executed. However, if this amount is below the closing price on the allocation date, the closing price on the allocation date will apply. |
| Exercise price | The initial exercise price will be an amount equal to 1.05 times the average closing price during the month preceding the month containing the date of allocation of the share acquisition rights, or the closing price on the allocation date if lower. The terms include adjustment provisions for share splits, consolidations and similar events; no provision is stated that sets the closing price on the allocation date as the lower limit. |
| Exercise period | From 1 July 2028 to 30 June 2030 |
| Number of Stock Acquisition Rights | Maximum total number to be issued: 3,000; outstanding unexercised: Not disclosed |
| Conditions for lifting transfer restrictions | At the time of exercise, the holder must be a director, executive officer or employee of the Company or one of its subsidiaries, except where the holder has left office upon expiration of the term, retired at the mandatory retirement age or has another legitimate reason. |
| Reason for acquisition without consideration | If a proposal to approve an agreement for a share exchange under which the Company becomes a wholly owned subsidiary, or a proposal for a share transfer, is approved at a general meeting of shareholders, or if an allottee ceases to meet the conditions for exercise. |
| Categories and Number of Persons Covered | Employees of the Company and directors and employees of the Company's subsidiaries. The number of eligible persons and the number of allocated shares by category: Not disclosed |
| Procedures under the Corporate Code of Conduct | Subject to approval at the annual general meeting of shareholders scheduled for 19 June 2026 |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTransfer restriction periodTotal 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 enhance the motivation and morale of employees and other eligible persons, thereby contributing to improved performance by the Company Group and greater international competitiveness.
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.