Worth reading
43Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
5090
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock compensation-type stock options (stock acquisition rights)
Who receives how much
509 stock acquisition rights (10 common shares per stock acquisition right; maximum of 5,090 shares)
15 directors, excluding outside directors, and executive officers; the breakdown of the number of allocated shares is not disclosed
The lower thin line represents the existing number of shares to which these shares will be added.
The fair value calculated using the Black-Scholes model on the allotment date of the stock acquisition rights
Amount of funds to be raised
Because the payment for the stock acquisition rights will be offset against compensation receivables, both the total payment amount and the estimated net proceeds are not disclosed
Total Stock-Based Compensation
The payment for the stock acquisition rights will be the fair value calculated using the Black-Scholes model on the allotment date. The amount is not disclosed
Terms of the stock acquisition rights
Exercise price
¥1 per share. Amendment provisions: Not disclosed
Exercise period
29 July 2026 to 28 July 2076
Number of Stock Acquisition Rights
509 stock acquisition rights in total (planned number to be allotted; this may decrease if applications are not submitted, etc.); the number of unexercised rights is not disclosed
Reason for acquisition without consideration
The Company may acquire the unexercised stock acquisition rights without consideration if the holder becomes unable to exercise them before exercising the rights under the exercise conditions or the stock acquisition rights allotment agreement, or if a proposal seeking approval for an organizational restructuring is approved
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
Acquisition of stock acquisition rights through transfer requires approval by the Company's Board of Directors. Exercise is permitted only during the period from the day following the date on which the holder ceases to be a director or executive officer through the date 10 days thereafter, and must be made in a single exercise
Categories and Number of Persons Covered
The Company's directors, excluding outside directors, and 15 executive officers. The number of persons and allocated shares by category are not disclosed
Basis for determining the amount to be paid
The fair value calculated using the Black-Scholes model on the allotment date. The period used for the reference closing price and average share price, and the discount and premium rates, are not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock compensation-type stock options (stock acquisition rights) |
| Number of shares to be issued or disposed of | 509 stock acquisition rights (10 common shares per stock acquisition right; maximum of 5,090 shares) |
| Issue price and disposal price | The fair value calculated using the Black-Scholes model on the allotment date of the stock acquisition rights |
| Amount of funds to be raised | Because the payment for the stock acquisition rights will be offset against compensation receivables, both the total payment amount and the estimated net proceeds are not disclosed |
| Intended allottee | 15 directors, excluding outside directors, and executive officers; the breakdown of the number of allocated shares is not disclosed |
| Basis for determining the amount to be paid | The fair value calculated using the Black-Scholes model on the allotment date. The period used for the reference closing price and average share price, and the discount and premium rates, are not disclosed |
| Exercise price | ¥1 per share. Amendment provisions: Not disclosed |
| Exercise period | 29 July 2026 to 28 July 2076 |
| Number of Stock Acquisition Rights | 509 stock acquisition rights in total (planned number to be allotted; this may decrease if applications are not submitted, etc.); the number of unexercised rights is not disclosed |
| Conditions for lifting transfer restrictions | Acquisition of stock acquisition rights through transfer requires approval by the Company's Board of Directors. Exercise is permitted only during the period from the day following the date on which the holder ceases to be a director or executive officer through the date 10 days thereafter, and must be made in a single exercise |
| Reason for acquisition without consideration | The Company may acquire the unexercised stock acquisition rights without consideration if the holder becomes unable to exercise them before exercising the rights under the exercise conditions or the stock acquisition rights allotment agreement, or if a proposal seeking approval for an organizational restructuring is approved |
| Categories and Number of Persons Covered | The Company's directors, excluding outside directors, and 15 executive officers. The number of persons and allocated shares by category are not disclosed |
| Total Stock-Based Compensation | The payment for the stock acquisition rights will be the fair value calculated using the Black-Scholes model on the allotment date. The amount is not disclosed |
Items this document does not state (15)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodUnderwriter / 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 emphasize the linkage between compensation and the share price, which reflects corporate value, and to strengthen management's shareholder-focused mindset.
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.