Worth reading
56In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
171000
sharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of Stock Acquisition Rights as Stock Options (Fourth Series Stock Acquisition Rights)
Who receives how much
Equivalent to 171,000 common shares (1,710 Stock Acquisition Rights, 100 shares per right)
51 company employees: 1,710 rights
The lower thin line represents the existing number of shares to which these shares will be added.
Not applicable (the Stock Acquisition Rights will be issued at no cost)
Total issue value
Not applicable (the Stock Acquisition Rights will be issued at no cost)
Amount of funds to be raised
Not applicable (no payment is required upon issuance of the Stock Acquisition Rights)
Specific use of funds
None
Terms of the stock acquisition rights
Exercise price
¥803 per share. The exercise price is subject to adjustment in the event of a stock split, reverse stock split or similar event, or the issuance of new shares or disposal of treasury shares at a price below market value. Lower limit: Not disclosed.
Exercise period
From 30 September 2028 through 29 September 2036 (if the final date is not a bank business day, the preceding bank business day)
Number of Stock Acquisition Rights
Total issuance: 1,710 rights. Number of rights remaining unexercised: Not disclosed.
Reason for acquisition without consideration
If shareholder approval or similar approval is obtained for a corporate reorganisation, or if the rights can no longer be exercised under the exercise conditions, the company may acquire all or the applicable portion of the rights without consideration upon the arrival of a date separately specified by the Board of Directors.
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
If operating profit exceeds ¥1,000 million at least once in the fiscal year ending June 2027 or the fiscal year ending June 2028, up to 30% of the rights may be exercised; if it exceeds ¥2,000 million at least once during the fiscal years ending June 2028 through June 2030, up to 50% may be exercised; and if it exceeds ¥3,000 million at least once during the same period, up to 100% may be exercised. The holder must also be a director, Audit & Supervisory Board Member or employee of the company or one of its affiliated companies at the time of exercise.
Categories and Number of Persons Covered
51 company employees: 1,710 rights
Intended allottee's holding policy
The acquisition of Stock Acquisition Rights through a transfer requires approval by resolution of the company's Board of Directors.
Payment date
Not applicable (no monetary payment is required in exchange for the stock acquisition rights)
Procedures under the Corporate Code of Conduct
The Board of Directors resolved the issuance at its meeting held on 29 September 2026. Whether an independent third-party opinion was obtained or shareholder intent was confirmed: Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of Stock Acquisition Rights as Stock Options (Fourth Series Stock Acquisition Rights) |
| Number of shares to be issued or disposed of | Equivalent to 171,000 common shares (1,710 Stock Acquisition Rights, 100 shares per right) |
| Issue price and disposal price | Not applicable (the Stock Acquisition Rights will be issued at no cost) |
| Total issue value | Not applicable (the Stock Acquisition Rights will be issued at no cost) |
| Amount of funds to be raised | Not applicable (no payment is required upon issuance of the Stock Acquisition Rights) |
| Specific use of funds | None |
| Payment date | Not applicable (no monetary payment is required in exchange for the stock acquisition rights) |
| Intended allottee | 51 company employees: 1,710 rights |
| Intended allottee's holding policy | The acquisition of Stock Acquisition Rights through a transfer requires approval by resolution of the company's Board of Directors. |
| Exercise price | ¥803 per share. The exercise price is subject to adjustment in the event of a stock split, reverse stock split or similar event, or the issuance of new shares or disposal of treasury shares at a price below market value. Lower limit: Not disclosed. |
| Exercise period | From 30 September 2028 through 29 September 2036 (if the final date is not a bank business day, the preceding bank business day) |
| Number of Stock Acquisition Rights | Total issuance: 1,710 rights. Number of rights remaining unexercised: Not disclosed. |
| Conditions for lifting transfer restrictions | If operating profit exceeds ¥1,000 million at least once in the fiscal year ending June 2027 or the fiscal year ending June 2028, up to 30% of the rights may be exercised; if it exceeds ¥2,000 million at least once during the fiscal years ending June 2028 through June 2030, up to 50% may be exercised; and if it exceeds ¥3,000 million at least once during the same period, up to 100% may be exercised. The holder must also be a director, Audit & Supervisory Board Member or employee of the company or one of its affiliated companies at the time of exercise. |
| Reason for acquisition without consideration | If shareholder approval or similar approval is obtained for a corporate reorganisation, or if the rights can no longer be exercised under the exercise conditions, the company may acquire all or the applicable portion of the rights without consideration upon the arrival of a date separately specified by the Board of Directors. |
| Categories and Number of Persons Covered | 51 company employees: 1,710 rights |
| Procedures under the Corporate Code of Conduct | The Board of Directors resolved the issuance at its meeting held on 29 September 2026. Whether an independent third-party opinion was obtained or shareholder intent was confirmed: Not disclosed. |
Items this document does not state (12)
Estimated issuance expensesDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer 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 improve employee motivation and morale and further strengthen the company's unity in pursuing medium- to long-term growth in performance and an increase in corporate value.
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.