Worth reading
47Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
100800
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options (tax-qualified stock options)
発行・処分する株式数
1,008 share options, representing 100,800 underlying common shares (100 shares per option)
Intended allottee
Category 24 employees of the Company / Number of stock acquisition rights 353 share options, Category 14 directors and employees of the Company's subsidiaries / Number of stock acquisition rights 655 share options
The share options will be issued free of charge. The exercise price will be determined based on 1.05 times the average closing price for the month preceding the month containing the allotment date (the specific amount per share has not yet been determined).
Total issue value
The issue price of the share options is ¥0.
Terms of the stock acquisition rights
Exercise price
The initial exercise price will be 1.05 times the average closing price for the month preceding the month containing the allotment date, subject to a floor equal to the closing price on the allotment date. Adjustment provisions apply in connection with stock splits, reverse stock splits, and the issuance of new shares at a price below market value.
Exercise period
From 22 August 2028 to 21 August 2036
Number of Stock Acquisition Rights
A total of 1,008 share options will be issued. The number of outstanding unexercised options is Not disclosed.
Reason for acquisition without consideration
If prescribed approvals or other requirements are met in connection with a merger or other corporate reorganization, or if a holder becomes unable to exercise the share options because the exercise conditions are no longer satisfied, the Company may acquire all or the applicable portion of those share options free of charge.
Categories and Number of Persons Covered
24 employees of the Company, 353 share options; 14 directors and employees of the Company's subsidiaries, 655 share options
Payment date
Not applicable (no monetary payment is required in exchange for the share acquisition rights)
Basis for determining the amount to be paid
The exercise price will be 1.05 times the average closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange on each trading day in the month preceding the month containing the allotment date. However, if this amount is below the closing price on the allotment date, the closing price will apply. The specific share price and amount have not yet been determined.
Procedures under the Corporate Code of Conduct
The share options will be issued as incentive compensation and implemented without shareholder approval because the fact that no monetary payment is required does not constitute a particularly favorable condition. The issuance was resolved at a Board of Directors meeting held on 14 August 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options (tax-qualified stock options) |
| Number of shares to be issued or disposed of | 1,008 share options, representing 100,800 underlying common shares (100 shares per option) |
| Issue price and disposal price | The share options will be issued free of charge. The exercise price will be determined based on 1.05 times the average closing price for the month preceding the month containing the allotment date (the specific amount per share has not yet been determined). |
| Total issue value | The issue price of the share options is ¥0. |
| Payment date | Not applicable (no monetary payment is required in exchange for the share acquisition rights) |
| Intended allottee | Category 24 employees of the Company / Number of stock acquisition rights 353 share options, Category 14 directors and employees of the Company's subsidiaries / Number of stock acquisition rights 655 share options |
| Basis for determining the amount to be paid | The exercise price will be 1.05 times the average closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange on each trading day in the month preceding the month containing the allotment date. However, if this amount is below the closing price on the allotment date, the closing price will apply. The specific share price and amount have not yet been determined. |
| Exercise price | The initial exercise price will be 1.05 times the average closing price for the month preceding the month containing the allotment date, subject to a floor equal to the closing price on the allotment date. Adjustment provisions apply in connection with stock splits, reverse stock splits, and the issuance of new shares at a price below market value. |
| Exercise period | From 22 August 2028 to 21 August 2036 |
| Number of Stock Acquisition Rights | A total of 1,008 share options will be issued. The number of outstanding unexercised options is Not disclosed. |
| Reason for acquisition without consideration | If prescribed approvals or other requirements are met in connection with a merger or other corporate reorganization, or if a holder becomes unable to exercise the share options because the exercise conditions are no longer satisfied, the Company may acquire all or the applicable portion of those share options free of charge. |
| Categories and Number of Persons Covered | 24 employees of the Company, 353 share options; 14 directors and employees of the Company's subsidiaries, 655 share options |
| Procedures under the Corporate Code of Conduct | The share options will be issued as incentive compensation and implemented without shareholder approval because the fact that no monetary payment is required does not constitute a particularly favorable condition. The issuance was resolved at a Board of Directors meeting held on 14 August 2026. |
Items this document does not state (15)
Amount 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 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 further enhance motivation and morale and strengthen the Company's cohesion as it seeks to expand its performance and increase 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.