Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
500
Units (maximum number of share acquisition rights)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Free issue of share acquisition rights as stock options
発行・処分する株式数
Up to 500 share acquisition rights, with each right entitling the holder to acquire 100 common shares (up to 50,000 underlying shares)
Intended allottee
The Company's directors (excluding outside directors) and executive officers
No cost (no monetary payment is required in exchange for the share acquisition rights)
Terms of the stock acquisition rights
Exercise price
The initial exercise price will generally be the average closing price for the month preceding the month of issuance multiplied by 1.05, rounded up to the nearest yen, with the closing price on the issue date serving as the floor. Adjustment provisions apply in the event of a stock split or consolidation, the issuance of new shares or disposal of treasury shares at a price below market value, and other such events.
Exercise period
From 25 July 2028 to 30 June 2035
Number of Stock Acquisition Rights
The total number to be issued will not exceed 500. Unexercised balance: Not disclosed.
Reason for acquisition without consideration
If a merger agreement under which the Company becomes the disappearing company, or a share exchange agreement or share transfer plan under which the Company becomes a wholly owned subsidiary, is approved, or if it is determined before exercise that the exercise conditions will not be satisfied.
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, executive officer or employee of the Company at the time of exercise. This requirement does not apply where the Board of Directors has approved the case based on the expiration of the holder's term of office, mandatory retirement or another legitimate reason equivalent thereto.
Categories and Number of Persons Covered
The Company's directors (excluding outside directors) and executive officers. The number of shares allocated by category and number of eligible persons is Not disclosed.
Basis for determining the amount to be paid
The exercise price will be calculated by multiplying by 1.05 the average closing price of the Company's common stock 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. However, if this amount is lower than the closing price on the issue date, the closing price on the issue date will apply.
Procedures under the Corporate Code of Conduct
Subject to approval by special resolution at the 74th Annual General Meeting of Shareholders scheduled for 26 June 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Free issue of share acquisition rights as stock options |
| Number of shares to be issued or disposed of | Up to 500 share acquisition rights, with each right entitling the holder to acquire 100 common shares (up to 50,000 underlying shares) |
| Issue price and disposal price | No cost (no monetary payment is required in exchange for the share acquisition rights) |
| Intended allottee | The Company's directors (excluding outside directors) and executive officers |
| Basis for determining the amount to be paid | The exercise price will be calculated by multiplying by 1.05 the average closing price of the Company's common stock 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. However, if this amount is lower than the closing price on the issue date, the closing price on the issue date will apply. |
| Exercise price | The initial exercise price will generally be the average closing price for the month preceding the month of issuance multiplied by 1.05, rounded up to the nearest yen, with the closing price on the issue date serving as the floor. Adjustment provisions apply in the event of a stock split or consolidation, the issuance of new shares or disposal of treasury shares at a price below market value, and other such events. |
| Exercise period | From 25 July 2028 to 30 June 2035 |
| Number of Stock Acquisition Rights | The total number to be issued will not exceed 500. Unexercised balance: Not disclosed. |
| Conditions for lifting transfer restrictions | The holder must be a director, executive officer or employee of the Company at the time of exercise. This requirement does not apply where the Board of Directors has approved the case based on the expiration of the holder's term of office, mandatory retirement or another legitimate reason equivalent thereto. |
| Reason for acquisition without consideration | If a merger agreement under which the Company becomes the disappearing company, or a share exchange agreement or share transfer plan under which the Company becomes a wholly owned subsidiary, is approved, or if it is determined before exercise that the exercise conditions will not be satisfied. |
| Categories and Number of Persons Covered | The Company's directors (excluding outside directors) and executive officers. The number of shares allocated by category and number of eligible persons is Not disclosed. |
| Procedures under the Corporate Code of Conduct | Subject to approval by special resolution at the 74th Annual General Meeting of Shareholders scheduled for 26 June 2026. |
Items this document does not state (16)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution 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 further increase the motivation and morale of the Company's directors and executive officers to improve performance and to achieve sustained long-term performance improvement.
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.