Worth reading
51Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
192
unitsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock compensation-type stock options subject to a stock price condition
Who receives how much
192 options (300 shares per option; maximum of 57,600 shares)
1 former executive officer who does not concurrently serve as a director: 192 options
The lower thin line represents the existing number of shares to which these shares will be added.
Not applicable (no cash payment is required in exchange for the stock acquisition rights)
Total issue value
None
Amount of funds to be raised
Not applicable (no payment is required for the stock options; the exercise price is ¥1 per share)
Specific use of funds
Not applicable (the options are granted as compensation, and no payment is required at issuance)
Terms of the stock acquisition rights
Exercise price
The initial exercise price is ¥1 per share. The adjustment provision for the exercise price is Not disclosed.
Exercise period
From 8 June 2026 to 6 July 2050
Number of Stock Acquisition Rights
Total issued: 192 options. Number of unexercised options: Not disclosed.
Reason for acquisition without consideration
No acquisition provisions have been established for the stock options offered.
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 vesting percentage varies according to the Company's share price growth rate, calculated by dividing the Company's TSR by the growth rate of TOPIX. The vesting percentage is 100% if the Company's share price growth rate is 125% or higher, is determined according to a formula if it is 75% or higher but less than 125%, and is 40% if it is less than 75%. The vesting percentage under this plan is 100%.
Offering structure
Underwriter / lead underwriter
None
Overallotment
None
Categories and Number of Persons Covered
1 former executive officer who does not concurrently serve as a director: 192 options
Intended allottee's holding policy
The acquisition of the stock acquisition rights by transfer requires the approval of the Company's Board of Directors.
Payment date
Not applicable (no cash payment is required in exchange for the stock acquisition rights)
Basis for determining the amount to be paid
Not applicable (no cash payment is required in exchange for the stock acquisition rights)
Procedures under the Corporate Code of Conduct
At a meeting of the Board of Directors held on 19 May 2026, the offering terms were determined in accordance with Article 236, Paragraph 1, Article 238, Paragraphs 1 and 2, and Article 240, Paragraph 1 of the Companies Act. Obtaining an opinion from an independent third party and confirming shareholders' intentions: Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock compensation-type stock options subject to a stock price condition |
| Number of shares to be issued or disposed of | 192 options (300 shares per option; maximum of 57,600 shares) |
| Issue price and disposal price | Not applicable (no cash payment is required in exchange for the stock acquisition rights) |
| Total issue value | None |
| Amount of funds to be raised | Not applicable (no payment is required for the stock options; the exercise price is ¥1 per share) |
| Specific use of funds | Not applicable (the options are granted as compensation, and no payment is required at issuance) |
| Payment date | Not applicable (no cash payment is required in exchange for the stock acquisition rights) |
| Intended allottee | 1 former executive officer who does not concurrently serve as a director: 192 options |
| Intended allottee's holding policy | The acquisition of the stock acquisition rights by transfer requires the approval of the Company's Board of Directors. |
| Basis for determining the amount to be paid | Not applicable (no cash payment is required in exchange for the stock acquisition rights) |
| Exercise price | The initial exercise price is ¥1 per share. The adjustment provision for the exercise price is Not disclosed. |
| Exercise period | From 8 June 2026 to 6 July 2050 |
| Number of Stock Acquisition Rights | Total issued: 192 options. Number of unexercised options: Not disclosed. |
| Conditions for lifting transfer restrictions | The vesting percentage varies according to the Company's share price growth rate, calculated by dividing the Company's TSR by the growth rate of TOPIX. The vesting percentage is 100% if the Company's share price growth rate is 125% or higher, is determined according to a formula if it is 75% or higher but less than 125%, and is 40% if it is less than 75%. The vesting percentage under this plan is 100%. |
| Reason for acquisition without consideration | No acquisition provisions have been established for the stock options offered. |
| Categories and Number of Persons Covered | 1 former executive officer who does not concurrently serve as a director: 192 options |
| Underwriter / lead underwriter | None |
| Overallotment | None |
| Procedures under the Corporate Code of Conduct | At a meeting of the Board of Directors held on 19 May 2026, the offering terms were determined in accordance with Article 236, Paragraph 1, Article 238, Paragraphs 1 and 2, and Article 240, Paragraph 1 of the Companies Act. Obtaining an opinion from an independent third party and confirming shareholders' intentions: Not disclosed. |
Items this document does not state (9)
Estimated issuance expensesDilution RateTotal number of issued sharesTransfer restriction periodTotal Stock-Based CompensationStock 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 motivation and morale to improve the Company’s performance and promote the sharing of value with shareholders.
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.