Worth reading
57In focus
Scored from 4 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
1.28
% (dilution ratio relative to total shares issued)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Stock price commitment-type stock acquisition rights (paid stock options)
Who receives how much
34,000 common shares (340 stock acquisition rights, 100 shares per right)
2 directors of the Company24,000 shares (240 stock acquisition rights)
2 executive officers of the Company10,000 shares (100 stock acquisition rights)
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.
¥4,700 per stock acquisition right
Total issue value
¥1,598,000 (¥4,700 × 340 rights)
Amount of funds to be raised
Total amount payable: ¥1,598,000; estimated net proceeds: Not disclosed
発行済株式総数
Increase of 34,000 shares (if all of these stock acquisition rights are exercised)
1.28% (relative to the total number of shares issued)
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
¥750 per share. Adjustment provisions apply in the event of a share split, share consolidation or other similar event, or the issuance of new shares or disposal of treasury shares at a price below the market price. Floor for adjustments: Not disclosed
Exercise period
From 31 August 2026 through 30 August 2032
Number of Stock Acquisition Rights
Total number issued: 340 rights; number of rights remaining unexercised: Not disclosed
Reason for acquisition without consideration
If prescribed approvals or other actions relating to a merger, company split, share exchange, share transfer or share delivery are completed, the Company may acquire all of the rights without consideration upon the arrival of a date separately determined by the Company's Board of Directors.
Categories and Number of Persons Covered
2 directors of the Company, 240 rights (24,000 shares); 2 executive officers of the Company, 100 rights (10,000 shares)
Payment date
31 August 2026
Basis for determining the amount to be paid
¥4,700 per stock acquisition right. The amount was determined with reference to a valuation by a third-party valuation institution using a Monte Carlo simulation, taking share price information and other factors into account. The periods used for the reference closing price and average share price, and the discount and premium rates: Not disclosed
Procedures under the Corporate Code of Conduct
The rights will be issued for consideration at fair value and on terms that are not particularly favorable, so the issuance will be conducted without shareholder approval
| Item | Details |
|---|---|
| Type of issuance or disposal | Stock price commitment-type stock acquisition rights (paid stock options) |
| Number of shares to be issued or disposed of | 34,000 common shares (340 stock acquisition rights, 100 shares per right) |
| Issue price and disposal price | ¥4,700 per stock acquisition right |
| Total issue value | ¥1,598,000 (¥4,700 × 340 rights) |
| Amount of funds to be raised | Total amount payable: ¥1,598,000; estimated net proceeds: Not disclosed |
| Payment date | 31 August 2026 |
| Intended allottee | Name 2 directors of the Company / Number of Shares 24,000 shares (240 stock acquisition rights), Name 2 executive officers of the Company / Number of Shares 10,000 shares (100 stock acquisition rights) |
| Dilution Rate | 1.28% (relative to the total number of shares issued) |
| Total number of issued shares | Increase of 34,000 shares (if all of these stock acquisition rights are exercised) |
| Basis for determining the amount to be paid | ¥4,700 per stock acquisition right. The amount was determined with reference to a valuation by a third-party valuation institution using a Monte Carlo simulation, taking share price information and other factors into account. The periods used for the reference closing price and average share price, and the discount and premium rates: Not disclosed |
| Exercise price | ¥750 per share. Adjustment provisions apply in the event of a share split, share consolidation or other similar event, or the issuance of new shares or disposal of treasury shares at a price below the market price. Floor for adjustments: Not disclosed |
| Exercise period | From 31 August 2026 through 30 August 2032 |
| Number of Stock Acquisition Rights | Total number issued: 340 rights; number of rights remaining unexercised: Not disclosed |
| Reason for acquisition without consideration | If prescribed approvals or other actions relating to a merger, company split, share exchange, share transfer or share delivery are completed, the Company may acquire all of the rights without consideration upon the arrival of a date separately determined by the Company's Board of Directors. |
| Categories and Number of Persons Covered | 2 directors of the Company, 240 rights (24,000 shares); 2 executive officers of the Company, 100 rights (10,000 shares) |
| Procedures under the Corporate Code of Conduct | The rights will be issued for consideration at fair value and on terms that are not particularly favorable, so the issuance will be conducted without shareholder approval |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyTransfer 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 increase the motivation and morale of the directors and executive officers and strengthen their unity toward medium- to long-term earnings growth and increased corporate value. By requiring exercise when the share price declines and having them share the risk of share price fluctuations with existing shareholders, the Company seeks to discourage corporate activities that could cause the share price to decline and provide an incentive for the share price to rise.
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.