Worth reading
39Recurring
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
395
Share acquisition rights (220 for directors and 175 for executive officers)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share subscription rights as stock compensation stock options
発行・処分する株式数
395 share acquisition rights (220 for directors and 175 for executive officers), with 50 common shares per share acquisition right (maximum of 19,750 shares)
Intended allottee
Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of stock acquisition rights 220 rights, Category Executive officers / Number of Employees 7 / Number of stock acquisition rights 175 rights
The value calculated using the Black-Scholes model on the allotment date of the share acquisition rights
Amount of funds to be raised
Payment to the company will be made by offsetting compensation receivables. The total payment amount and estimated net proceeds are not disclosed
Total Stock-Based Compensation
not disclosed (the payment amount for the share acquisition rights will be calculated using the Black-Scholes model and offset against compensation receivables)
Terms of the stock acquisition rights
Exercise price
¥1 per share. The adjustment provisions and adjustment floor are not disclosed
Exercise period
Start Date 25 August 2026 / End date 24 August 2056
Number of Stock Acquisition Rights
Total number issued 395 (220 for directors and 175 for executive officers) / Number of unexercised units Not disclosed
Reason for acquisition without consideration
If, before exercising the rights, a holder of the share acquisition rights becomes unable to exercise them under the provisions of the share acquisition rights allotment agreement, If, when a proposal approving a merger agreement under which the Bank is the disappearing company, an absorption-type company split agreement or incorporation-type company split plan under which the Bank is the split company, or a share exchange agreement or share transfer plan under which the Bank becomes a wholly owned subsidiary is approved, the rights have not been exercised as of that date
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
not disclosed. Acquisition through transfer requires approval from the Bank's Board of Directors
Stock Split Rationot disclosed (the number of shares underlying the rights will be adjusted in the event of a stock split or reverse stock split)
Categories and Number of Persons Covered
Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of allocated shares Equivalent to 11,000 shares (220 share acquisition rights × 50 shares), Category Executive officers / Number of Employees 7 / Number of allocated shares Equivalent to 8,750 shares (175 share acquisition rights × 50 shares)
Basis for determining the amount to be paid
The value calculated using the Black-Scholes model on the allotment date of the share acquisition rights. The closing price and average share price used as the basis, as well as the discount and premium rates, are not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share subscription rights as stock compensation stock options |
| Number of shares to be issued or disposed of | 395 share acquisition rights (220 for directors and 175 for executive officers), with 50 common shares per share acquisition right (maximum of 19,750 shares) |
| Issue price and disposal price | The value calculated using the Black-Scholes model on the allotment date of the share acquisition rights |
| Amount of funds to be raised | Payment to the company will be made by offsetting compensation receivables. The total payment amount and estimated net proceeds are not disclosed |
| Intended allottee | Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of stock acquisition rights 220 rights, Category Executive officers / Number of Employees 7 / Number of stock acquisition rights 175 rights |
| Basis for determining the amount to be paid | The value calculated using the Black-Scholes model on the allotment date of the share acquisition rights. The closing price and average share price used as the basis, as well as the discount and premium rates, are not disclosed |
| Exercise price | ¥1 per share. The adjustment provisions and adjustment floor are not disclosed |
| Exercise period | Start Date 25 August 2026 / End date 24 August 2056 |
| Number of Stock Acquisition Rights | Total number issued 395 (220 for directors and 175 for executive officers) / Number of unexercised units Not disclosed |
| Transfer restriction period | not disclosed. Acquisition through transfer requires approval from the Bank's Board of Directors |
| Reason for acquisition without consideration | If, before exercising the rights, a holder of the share acquisition rights becomes unable to exercise them under the provisions of the share acquisition rights allotment agreement, If, when a proposal approving a merger agreement under which the Bank is the disappearing company, an absorption-type company split agreement or incorporation-type company split plan under which the Bank is the split company, or a share exchange agreement or share transfer plan under which the Bank becomes a wholly owned subsidiary is approved, the rights have not been exercised as of that date |
| Categories and Number of Persons Covered | Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of allocated shares Equivalent to 11,000 shares (220 share acquisition rights × 50 shares), Category Executive officers / Number of Employees 7 / Number of allocated shares Equivalent to 8,750 shares (175 share acquisition rights × 50 shares) |
| Total Stock-Based Compensation | not disclosed (the payment amount for the share acquisition rights will be calculated using the Black-Scholes model and offset against compensation receivables) |
| Stock Split Ratio | not disclosed (the number of shares underlying the rights will be adjusted in the event of a stock split or reverse stock split) |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesConditions for lifting transfer restrictionsUnderwriter / lead underwriterOverallotmentProcedures 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 enhance the motivation of directors, excluding directors who are Audit & Supervisory Committee members and outside directors, and executive officers to contribute to improved performance and corporate value, and further promote management that places importance on 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.