Worth reading
48Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
3500000
Number of potential sharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Approval of the partial transfer of the Ninth Series of Stock Acquisition Rights
Who receives how much
35,000 rights (100 shares per right, equivalent to 3,500,000 shares)
Seacastle Singapore Pte. Ltd.35,000 rights (equivalent to 3,500,000 shares)
The lower thin line represents the existing number of shares to which these shares will be added.
Terms of the stock acquisition rights
Exercise price
¥150 per share (fixed), with no adjustment clause
Exercise period
From 1 April 2026 to 31 March 2028
Number of Stock Acquisition Rights
Total issued: 213,334 rights; remaining unexercised: 213,334 rights (178,334 rights remaining unexercised and held by KANDB after the transfer)
Intended allottee's holding policy
For investment purposes only. The common shares acquired through exercise may be sold depending on market conditions.
Procedures under the Corporate Code of Conduct
Approval by the Company based on a resolution of the Board of Directors. The Company received an investigative report on antisocial forces and other matters from a third-party investigative organization on 28 May 2026.
Most recent equity financing
Timing 31 March 2026 / Type Issuance of new shares and 9th Series Stock Acquisition Rights through a third-party allotment / Amount ¥2,773,342 raised through the issuance of stock acquisition rights and ¥3,200,010,000 raised through the exercise of stock acquisition rights
Impact on Business Performance
The transfer of these stock acquisition rights will have no impact on the Company's operating results. However, as the transfer is expected to lead to early exercise, the Company believes that it will contribute to progress under its business plan and help enhance corporate value over the medium to long term.
| Item | Details |
|---|---|
| Type of issuance or disposal | Approval of the partial transfer of the Ninth Series of Stock Acquisition Rights |
| Number of shares to be issued or disposed of | 35,000 rights (100 shares per right, equivalent to 3,500,000 shares) |
| Intended allottee | Name Seacastle Singapore Pte. Ltd. / Number of Shares 35,000 rights (equivalent to 3,500,000 shares) |
| Intended allottee's holding policy | For investment purposes only. The common shares acquired through exercise may be sold depending on market conditions. |
| Exercise price | ¥150 per share (fixed), with no adjustment clause |
| Exercise period | From 1 April 2026 to 31 March 2028 |
| Number of Stock Acquisition Rights | Total issued: 213,334 rights; remaining unexercised: 213,334 rights (178,334 rights remaining unexercised and held by KANDB after the transfer) |
| Procedures under the Corporate Code of Conduct | Approval by the Company based on a resolution of the Board of Directors. The Company received an investigative report on antisocial forces and other matters from a third-party investigative organization on 28 May 2026. |
| Most recent equity financing | Timing 31 March 2026 / Type Issuance of new shares and 9th Series Stock Acquisition Rights through a third-party allotment / Amount ¥2,773,342 raised through the issuance of stock acquisition rights and ¥3,200,010,000 raised through the exercise of stock acquisition rights |
| Impact on Business Performance | The transfer of these stock acquisition rights will have no impact on the Company's operating results. However, as the transfer is expected to lead to early exercise, the Company believes that it will contribute to progress under its business plan and help enhance corporate value over the medium to long term. |
Items this document does not state (18)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor shareholders after the offering
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.Because there are concerns that exercise by KANDB may be delayed due to the weak share price, a portion of the rights will be transferred to an investor intending to exercise them over the medium to long term, with the aim of increasing the likelihood of meeting funding needs and stabilizing the financial base through early and reliable exercise.
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.