Worth reading
32Immaterial
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
—
Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Share subscription rights as equity compensation stock options (No. 14 (A) performance-based medium-term share subscription rights and No. 14 (B) performance-based long-term share subscription rights)
Intended allottee
The company's directors (executive directors), executive officers who do not concurrently serve as directors, and senior employees at department-head level (number of people and shares: Not disclosed)
Categories and Number of Persons Covered
The company's directors (executive directors), executive officers who do not concurrently serve as directors, and senior employees at department-head level (number of people and allocated shares: Not disclosed)
Procedures under the Corporate Code of Conduct
The company commissioned the third-party valuation firm 株式会社プルータス・コンサルティング to calculate the fair value and, based on the valuation results, confirmed with an external law firm that this change does not constitute a favorable issuance of share subscription rights
| Item | Details |
|---|---|
| Type of issuance or disposal | Share subscription rights as equity compensation stock options (No. 14 (A) performance-based medium-term share subscription rights and No. 14 (B) performance-based long-term share subscription rights) |
| Intended allottee | The company's directors (executive directors), executive officers who do not concurrently serve as directors, and senior employees at department-head level (number of people and shares: Not disclosed) |
| Categories and Number of Persons Covered | The company's directors (executive directors), executive officers who do not concurrently serve as directors, and senior employees at department-head level (number of people and allocated shares: Not disclosed) |
| Procedures under the Corporate Code of Conduct | The company commissioned the third-party valuation firm 株式会社プルータス・コンサルティング to calculate the fair value and, based on the valuation results, confirmed with an external law firm that this change does not constitute a favorable issuance of share subscription rights |
Items this document does not state (24)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal 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.The treatment upon loss of eligibility to exercise the rights and the definition of the eligible period were revised so that the incentive function originally intended by this plan, namely to promote long-term and medium-term increases in corporate value, can operate more appropriately.
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.