Worth reading
50Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
52
unitsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as equity compensation stock options
Who receives how much
52 stock acquisition rights, covering 100 shares per right (maximum of 5,200 shares)
4 directors, 52 rights
The lower thin line represents the existing number of shares to which these shares will be added.
No cash payment is required in exchange for the stock acquisition rights. The issue price will be the accounting fair value on the allotment date.
Amount of funds to be raised
¥0 in payments from the issuance of stock acquisition rights. Estimated net proceeds: Not disclosed
Terms of the stock acquisition rights
Exercise price
¥1 per share. Adjustment provisions apply in the event of a share split or share consolidation. The floor for adjustments is Not disclosed
Exercise period
From 16 July 2026 to 15 July 2041
Number of Stock Acquisition Rights
Total to be issued: 52 rights. Number of unexercised rights: Not disclosed
Reason for acquisition without consideration
The stock acquisition rights will lapse upon expiration of the exercise period or 5 years after the retirement date. The Company may acquire the rights without consideration by resolution of the Board of Directors if the holder commits a material violation of laws, regulations or internal rules, assumes or agrees to assume a position as an officer or employee of a competing company, or in other similar circumstances.
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.
Transfer restriction period
If a holder of the stock acquisition rights retires as a director or audit & supervisory board member, the rights may be exercised only within 5 years from the retirement date.
Conditions for lifting transfer restrictions
The holder must remain a director or audit & supervisory board member. Following retirement, the rights may be exercised only within 5 years from the retirement date. Performance conditions: Not disclosed
Categories and Number of Persons Covered
Directors of the Company: 4 people, 52 rights
Intended allottee's holding policy
Transfer or pledging of the stock acquisition rights is prohibited. The holder must remain a director or audit & supervisory board member, and following retirement may exercise the rights only within 5 years from the retirement date.
Payment date
Not applicable (no cash payment is required in exchange for the stock acquisition rights)
Basis for determining the amount to be paid
The issue price of the stock acquisition rights will be the accounting fair value on the allotment date. The closing price and average share price used as the basis, as well as the discount rate and premium rate, are Not disclosed
Procedures under the Corporate Code of Conduct
The specific terms of issuance were approved at the Board of Directors meeting held on 14 May 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as equity compensation stock options |
| Number of shares to be issued or disposed of | 52 stock acquisition rights, covering 100 shares per right (maximum of 5,200 shares) |
| Issue price and disposal price | No cash payment is required in exchange for the stock acquisition rights. The issue price will be the accounting fair value on the allotment date. |
| Amount of funds to be raised | ¥0 in payments from the issuance of stock acquisition rights. Estimated net proceeds: Not disclosed |
| Payment date | Not applicable (no cash payment is required in exchange for the stock acquisition rights) |
| Intended allottee | 4 directors, 52 rights |
| Intended allottee's holding policy | Transfer or pledging of the stock acquisition rights is prohibited. The holder must remain a director or audit & supervisory board member, and following retirement may exercise the rights only within 5 years from the retirement date. |
| Basis for determining the amount to be paid | The issue price of the stock acquisition rights will be the accounting fair value on the allotment date. The closing price and average share price used as the basis, as well as the discount rate and premium rate, are Not disclosed |
| Exercise price | ¥1 per share. Adjustment provisions apply in the event of a share split or share consolidation. The floor for adjustments is Not disclosed |
| Exercise period | From 16 July 2026 to 15 July 2041 |
| Number of Stock Acquisition Rights | Total to be issued: 52 rights. Number of unexercised rights: Not disclosed |
| Transfer restriction period | If a holder of the stock acquisition rights retires as a director or audit & supervisory board member, the rights may be exercised only within 5 years from the retirement date. |
| Conditions for lifting transfer restrictions | The holder must remain a director or audit & supervisory board member. Following retirement, the rights may be exercised only within 5 years from the retirement date. Performance conditions: Not disclosed |
| Reason for acquisition without consideration | The stock acquisition rights will lapse upon expiration of the exercise period or 5 years after the retirement date. The Company may acquire the rights without consideration by resolution of the Board of Directors if the holder commits a material violation of laws, regulations or internal rules, assumes or agrees to assume a position as an officer or employee of a competing company, or in other similar circumstances. |
| Categories and Number of Persons Covered | Directors of the Company: 4 people, 52 rights |
| Procedures under the Corporate Code of Conduct | The specific terms of issuance were approved at the Board of Directors meeting held on 14 May 2026. |
Items this document does not state (12)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesTotal 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 issue stock compensation-type stock options as compensation for directors as prescribed in Article 361 of the Companies Act.
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.