Worth reading
47Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
29300
Shares (293 share subscription rights × 100 shares per right)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock compensation-type stock options (stock acquisition rights)
Who receives how much
100 shares per right; a maximum of 29,300 shares for 293 rights
55 executive officers and employees of the company at the section manager level and above; 293 rights
The lower thin line represents the existing number of shares to which these shares will be added.
An amount calculated by multiplying the fair value per share calculated using the Black-Scholes model on the allotment date by the number of shares underlying the grant
Amount of funds to be raised
No cash payment is required; offset against compensation receivables. No estimated net proceeds will arise.
Total Stock-Based Compensation
Compensation receivables equivalent to the fair value of the share subscription rights. Amount: Not disclosed
Terms of the stock acquisition rights
Exercise price
¥1 per share. Amendment provisions are Not disclosed (stated as a fixed amount).
Exercise period
From 1 December 2029 to 30 November 2031
Number of Stock Acquisition Rights
Total issued: 293 rights. Number of rights remaining unexercised: Not disclosed
Reason for acquisition without consideration
If the rights can no longer be exercised, or if a proposal concerning a merger, company split, share exchange, share transfer or similar transaction is approved, the company may acquire the share subscription rights without consideration.
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.
Transfer restriction period
Exercise is not permitted for 3 years from the grant date.
Conditions for lifting transfer restrictions
The holder must hold a position as a director, executive officer or employee of the company or one of its group companies when exercising the rights. This does not apply in cases such as expiry of the holder’s term of office, mandatory retirement or other legitimate reasons.
Categories and Number of Persons Covered
55 executive officers and employees of the company at the section manager level and above; 293 rights
Intended allottee's holding policy
The acquisition of the stock acquisition rights through transfer requires approval from the Company's Board of Directors.
Basis for determining the amount to be paid
The fair value per share subscription right calculated using the Black-Scholes model on the allotment date. Discount and premium rates: Not disclosed
Procedures under the Corporate Code of Conduct
Issuance was resolved at the board of directors’ meeting held on 13 November 2026. Whether an independent third-party opinion was obtained and whether shareholder approval was sought: Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock compensation-type stock options (stock acquisition rights) |
| Number of shares to be issued or disposed of | 100 shares per right; a maximum of 29,300 shares for 293 rights |
| Issue price and disposal price | An amount calculated by multiplying the fair value per share calculated using the Black-Scholes model on the allotment date by the number of shares underlying the grant |
| Amount of funds to be raised | No cash payment is required; offset against compensation receivables. No estimated net proceeds will arise. |
| Intended allottee | 55 executive officers and employees of the company at the section manager level and above; 293 rights |
| Intended allottee's holding policy | The acquisition of the stock acquisition rights through transfer requires approval from the Company's Board of Directors. |
| Basis for determining the amount to be paid | The fair value per share subscription right calculated using the Black-Scholes model on the allotment date. Discount and premium rates: Not disclosed |
| Exercise price | ¥1 per share. Amendment provisions are Not disclosed (stated as a fixed amount). |
| Exercise period | From 1 December 2029 to 30 November 2031 |
| Number of Stock Acquisition Rights | Total issued: 293 rights. Number of rights remaining unexercised: Not disclosed |
| Transfer restriction period | Exercise is not permitted for 3 years from the grant date. |
| Conditions for lifting transfer restrictions | The holder must hold a position as a director, executive officer or employee of the company or one of its group companies when exercising the rights. This does not apply in cases such as expiry of the holder’s term of office, mandatory retirement or other legitimate reasons. |
| Reason for acquisition without consideration | If the rights can no longer be exercised, or if a proposal concerning a merger, company split, share exchange, share transfer or similar transaction is approved, the company may acquire the share subscription rights without consideration. |
| Categories and Number of Persons Covered | 55 executive officers and employees of the company at the section manager level and above; 293 rights |
| Total Stock-Based Compensation | Compensation receivables equivalent to the fair value of the share subscription rights. Amount: Not disclosed |
| Procedures under the Corporate Code of Conduct | Issuance was resolved at the board of directors’ meeting held on 13 November 2026. Whether an independent third-party opinion was obtained and whether shareholder approval was sought: Not disclosed |
Items this document does not state (12)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesUnderwriter / 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 increase employees’ motivation to contribute to achieving the company’s performance targets and enhancing 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.