Worth reading
49Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
150000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Free issuance of share acquisition rights as stock options to employees
発行・処分する株式数150,000Shares
Up to 150,000 of the Company's ordinary shares
Intended allottee
The Company's employees, including persons who have newly obtained qualifications designated by the Company
The issue price is nil (¥0) per share acquisition right
Total issue value
¥0 (no cash payment is required in exchange for the share acquisition rights)
Terms of the stock acquisition rights
Exercise price
Per share, the highest of: the average closing price for the month preceding the month of issuance multiplied by 1.05; the closing price on the issue date; and ¥2,353. Adjustment provisions apply in the event of a share split or consolidation, the issuance of new shares at below market value, or similar events. ¥2,353 is not an explicit floor, but is specified as a reference amount for the calculation.
Exercise period
From 1 June 2028 to 31 May 2030
Number of Stock Acquisition Rights
Up to 1,500 share acquisition rights in total. The number of unexercised rights remaining is Not disclosed. Each right represents 100 shares.
Reason for acquisition without consideration
If a merger in which the Company is the disappearing company, or a share exchange or share transfer under which the Company becomes a wholly owned subsidiary, is approved at a general meeting of shareholders, or if an allottee ceases to meet the exercise conditions.
Categories and Number of Persons Covered
The Company's employees, including persons who have newly obtained qualifications designated by the Company. The number of eligible persons and the number of shares allotted by category are Not disclosed.
Intended allottee's holding policy
Transfers of the share acquisition rights require the approval of the Board of Directors
Basis for determining the amount to be paid
The highest of: the average closing price of the Company's ordinary shares in regular trading on the Tokyo Stock Exchange on each trading day in the month preceding the month in which the share acquisition rights are issued, multiplied by 1.05; the closing price on the issue date; and ¥2,353. This represents a 5% premium to the average closing price.
Procedures under the Corporate Code of Conduct
Approval at the annual general meeting of shareholders scheduled for 12 May 2026 of the issuance of share acquisition rights as stock options to employees is a condition precedent.
Most recent equity financing
The Company's 35th Series Share Acquisition Rights: exercise price of ¥2,353 (issue date and total issue amount are Not disclosed)
| Item | Details |
|---|---|
| Type of issuance or disposal | Free issuance of share acquisition rights as stock options to employees |
| Number of shares to be issued or disposed of | Up to 150,000 of the Company's ordinary shares |
| Issue price and disposal price | The issue price is nil (¥0) per share acquisition right |
| Total issue value | ¥0 (no cash payment is required in exchange for the share acquisition rights) |
| Intended allottee | The Company's employees, including persons who have newly obtained qualifications designated by the Company |
| Intended allottee's holding policy | Transfers of the share acquisition rights require the approval of the Board of Directors |
| Basis for determining the amount to be paid | The highest of: the average closing price of the Company's ordinary shares in regular trading on the Tokyo Stock Exchange on each trading day in the month preceding the month in which the share acquisition rights are issued, multiplied by 1.05; the closing price on the issue date; and ¥2,353. This represents a 5% premium to the average closing price. |
| Exercise price | Per share, the highest of: the average closing price for the month preceding the month of issuance multiplied by 1.05; the closing price on the issue date; and ¥2,353. Adjustment provisions apply in the event of a share split or consolidation, the issuance of new shares at below market value, or similar events. ¥2,353 is not an explicit floor, but is specified as a reference amount for the calculation. |
| Exercise period | From 1 June 2028 to 31 May 2030 |
| Number of Stock Acquisition Rights | Up to 1,500 share acquisition rights in total. The number of unexercised rights remaining is Not disclosed. Each right represents 100 shares. |
| Reason for acquisition without consideration | If a merger in which the Company is the disappearing company, or a share exchange or share transfer under which the Company becomes a wholly owned subsidiary, is approved at a general meeting of shareholders, or if an allottee ceases to meet the exercise conditions. |
| Categories and Number of Persons Covered | The Company's employees, including persons who have newly obtained qualifications designated by the Company. The number of eligible persons and the number of shares allotted by category are Not disclosed. |
| Procedures under the Corporate Code of Conduct | Approval at the annual general meeting of shareholders scheduled for 12 May 2026 of the issuance of share acquisition rights as stock options to employees is a condition precedent. |
| Most recent equity financing | The Company's 35th Series Share Acquisition Rights: exercise price of ¥2,353 (issue date and total issue amount are Not disclosed) |
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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 promote sound management of the Company and enhance public trust by stimulating the motivation and morale of the Company's employees to improve performance.
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.