Worth reading
44Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
15900
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock-based compensation stock options
Who receives how much
15,900 shares (159 stock acquisition rights, 100 shares per right; issuance or transfer)
5 directors (excluding outside directors): 159 rights and 15,900 shares
The lower thin line represents the existing number of shares to which these shares will be added.
Accounting fair value on the allotment date (unit: yen)
Amount of funds to be raised
No cash payment is required. Estimated net proceeds: not applicable
Terms of the stock acquisition rights
Exercise price
¥1 per share. Adjustment provisions apply in the event of a share split or consolidation; the floor is Not disclosed
Exercise period
From 31 May 2026 to 30 May 2041
Number of Stock Acquisition Rights
Total number to be issued: 159 rights. Number of unexercised rights: Not disclosed
Reason for acquisition without consideration
A material violation of laws or internal rules, conviction resulting in imprisonment or a more severe penalty, assuming or accepting appointment as an officer or employee of a competing company without authorization, the death of a successor to the rights, an offer to surrender all of the stock acquisition rights, or a resolution by the Board of Directors to acquire all or part of the rights
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
The holder must be a director or audit & supervisory board member at the time of exercise. However, the rights may be exercised within 5 years after retirement or resignation
Categories and Number of Persons Covered
5 directors of the Company (excluding outside directors): 159 rights and 15,900 shares
Intended allottee's holding policy
Transfer of and provision of collateral over the stock acquisition rights are prohibited
Basis for determining the amount to be paid
The issue price of the stock acquisition rights is their accounting fair value on the allotment date. The reference share price, averaging period, discount rate and premium rate are Not disclosed
Procedures under the Corporate Code of Conduct
The disclosure states that the recipients are directors elected or re-elected at the general meeting of shareholders held on 20 May 2025. Whether opinions were obtained from independent third parties and other details are Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock-based compensation stock options |
| Number of shares to be issued or disposed of | 15,900 shares (159 stock acquisition rights, 100 shares per right; issuance or transfer) |
| Issue price and disposal price | Accounting fair value on the allotment date (unit: yen) |
| Amount of funds to be raised | No cash payment is required. Estimated net proceeds: not applicable |
| Intended allottee | 5 directors (excluding outside directors): 159 rights and 15,900 shares |
| Intended allottee's holding policy | Transfer of and provision of collateral over the stock acquisition rights are prohibited |
| Basis for determining the amount to be paid | The issue price of the stock acquisition rights is their accounting fair value on the allotment date. The reference share price, averaging period, discount rate and premium rate are Not disclosed |
| Exercise price | ¥1 per share. Adjustment provisions apply in the event of a share split or consolidation; the floor is Not disclosed |
| Exercise period | From 31 May 2026 to 30 May 2041 |
| Number of Stock Acquisition Rights | Total number to be issued: 159 rights. Number of unexercised rights: Not disclosed |
| Conditions for lifting transfer restrictions | The holder must be a director or audit & supervisory board member at the time of exercise. However, the rights may be exercised within 5 years after retirement or resignation |
| Reason for acquisition without consideration | A material violation of laws or internal rules, conviction resulting in imprisonment or a more severe penalty, assuming or accepting appointment as an officer or employee of a competing company without authorization, the death of a successor to the rights, an offer to surrender all of the stock acquisition rights, or a resolution by the Board of Directors to acquire all or part of the rights |
| Categories and Number of Persons Covered | 5 directors of the Company (excluding outside directors): 159 rights and 15,900 shares |
| Procedures under the Corporate Code of Conduct | The disclosure states that the recipients are directors elected or re-elected at the general meeting of shareholders held on 20 May 2025. Whether opinions were obtained from independent third parties and other details are Not disclosed |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTransfer 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 strengthen the link between directors’ compensation and the Company’s performance and share value, and to increase their motivation and morale to improve medium- to long-term performance and enhance corporate value by having them share with shareholders not only the benefits of a rising share price but also the risks of a decline.
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.