Worth reading
44Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
147
unitsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options
Who receives how much
14,700 common shares (147 stock acquisition rights × 100 shares per right)
6 directors of the company: 147 stock acquisition rights
The lower thin line represents the existing number of shares to which these shares will be added.
The payment amount for the stock acquisition rights is the option price per share calculated using the Black-Scholes model multiplied by the number of shares granted. The specific amount is not disclosed. The exercise price is ¥1 per share.
Total Stock-Based Compensation
Monetary compensation equivalent to the total payment amount for the stock acquisition rights. The specific amount is not disclosed.
Terms of the stock acquisition rights
Exercise price
The initial exercise price is ¥1 per share. The adjustment provisions are Not disclosed.
Exercise period
From 28 August 2026 to 27 August 2056
Number of Stock Acquisition Rights
Total issued: 147 rights. The number of outstanding unexercised rights is not disclosed.
Reason for acquisition without consideration
The company may acquire the stock acquisition rights without consideration if, among other cases, a proposal concerning a merger, company split, share exchange or share transfer, an amendment to the Articles of Incorporation to become a company with transfer restrictions, or an amendment to the Articles of Incorporation to establish an acquisition provision for the relevant class shares is approved at a shareholders meeting.
Categories and Number of Persons Covered
6 directors of the company: 147 stock acquisition rights
Payment date
27 August 2026
Basis for determining the amount to be paid
Black-Scholes model. The share price is the closing price for regular trading of the company's common shares on the Tokyo Stock Exchange on 27 August 2026. The expected remaining period is 4 years, and share price volatility is calculated based on closing prices on each trading day from 27 August 2022 through 27 August 2026. The specific closing price and discount and premium rates are not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | 14,700 common shares (147 stock acquisition rights × 100 shares per right) |
| Issue price and disposal price | The payment amount for the stock acquisition rights is the option price per share calculated using the Black-Scholes model multiplied by the number of shares granted. The specific amount is not disclosed. The exercise price is ¥1 per share. |
| Payment date | 27 August 2026 |
| Intended allottee | 6 directors of the company: 147 stock acquisition rights |
| Basis for determining the amount to be paid | Black-Scholes model. The share price is the closing price for regular trading of the company's common shares on the Tokyo Stock Exchange on 27 August 2026. The expected remaining period is 4 years, and share price volatility is calculated based on closing prices on each trading day from 27 August 2022 through 27 August 2026. The specific closing price and discount and premium rates are not disclosed. |
| Exercise price | The initial exercise price is ¥1 per share. The adjustment provisions are Not disclosed. |
| Exercise period | From 28 August 2026 to 27 August 2056 |
| Number of Stock Acquisition Rights | Total issued: 147 rights. The number of outstanding unexercised rights is not disclosed. |
| Reason for acquisition without consideration | The company may acquire the stock acquisition rights without consideration if, among other cases, a proposal concerning a merger, company split, share exchange or share transfer, an amendment to the Articles of Incorporation to become a company with transfer restrictions, or an amendment to the Articles of Incorporation to establish an acquisition provision for the relevant class shares is approved at a shareholders meeting. |
| Categories and Number of Persons Covered | 6 directors of the company: 147 stock acquisition rights |
| Total Stock-Based Compensation | Monetary compensation equivalent to the total payment amount for the stock acquisition rights. The specific amount is not disclosed. |
Items this document does not state (16)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 share the benefits and risks of share price movements with shareholders and further encourage the directors to contribute to higher share prices and improved 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.