Worth reading
51Recurring
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
31477
unitsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Acquisition and cancellation of share acquisition rights with an exercise price adjustment clause
Intended allottee
Cantor Fitzgerald Europe (already issued; allottee subject to the acquisition and cancellation)
Terms of the stock acquisition rights
Exercise price
Only the inclusion of an exercise price adjustment clause is disclosed. The adjustment floor is Not disclosed
Number of Stock Acquisition Rights
Total issued: 98,000 units; exercised: 66,523 units; subject to acquisition and cancellation: 31,477 units; remaining after cancellation: 0 units
Most recent equity financing
Timing 29 August 2025 / Type Issuance of Series 5 Stock Acquisition Rights (with Exercise Price Adjustment Clause) and Series 6 Stock Acquisition Rights / Amount Not disclosed
Impact on Business Performance
The acquisition and cancellation of these stock acquisition rights will have no impact on financial results for the current fiscal year.
| Item | Details |
|---|---|
| Type of issuance or disposal | Acquisition and cancellation of share acquisition rights with an exercise price adjustment clause |
| Intended allottee | Cantor Fitzgerald Europe (already issued; allottee subject to the acquisition and cancellation) |
| Exercise price | Only the inclusion of an exercise price adjustment clause is disclosed. The adjustment floor is Not disclosed |
| Number of Stock Acquisition Rights | Total issued: 98,000 units; exercised: 66,523 units; subject to acquisition and cancellation: 31,477 units; remaining after cancellation: 0 units |
| Most recent equity financing | Timing 29 August 2025 / Type Issuance of Series 5 Stock Acquisition Rights (with Exercise Price Adjustment Clause) and Series 6 Stock Acquisition Rights / Amount Not disclosed |
| Impact on Business Performance | The acquisition and cancellation of these stock acquisition rights will have no impact on financial results for the current fiscal year. |
Items this document does not state (22)
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 periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor shareholders after the offering
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 Company has largely achieved the financing it anticipated at the time of issuance, and its financing environment has improved through measures including the execution of long-term loan agreements with multiple financial institutions, reducing the need to raise funds through an additional share issuance. After also considering the need to limit further dilution of existing shareholders, the Company determined that it was appropriate to acquire and cancel the outstanding units.
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.