Worth reading
44Recurring
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
500000
Shares (maximum number of shares to be delivered upon exercise of the stock acquisition rights)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights as stock options
発行・処分する株式数
Up to 500,000 common shares (5,000 stock acquisition rights, with 100 shares per right)
Intended allottee
Directors of the company and its subsidiaries, excluding outside directors; executive officers; corporate officers; executive advisors; and employees. The number of recipients and the number of shares allocated to each recipient are not disclosed.
The stock acquisition rights will be issued for no consideration. The amount payable per share upon exercise will be the average closing price on each trading day in the month preceding the month of issuance multiplied by 1.05. However, if this amount is below the closing price on the business day preceding the issuance date, the latter closing price will apply.
Terms of the stock acquisition rights
Exercise price
The amount payable per share will be determined based on 105% of the average closing price for the preceding month. Adjustment provisions apply in the event of a stock split, reverse stock split, or issuance of new shares or disposal of treasury shares at a price below market value. The lower limit for adjustments is not disclosed.
Exercise period
A period to be determined by the Board of Directors within the period from 21 June 2028 to 20 June 2036
Number of Stock Acquisition Rights
Maximum total issuance of 5,000 stock acquisition rights. The number of unexercised rights outstanding is not disclosed.
Reason for acquisition without consideration
No acquisition provision will be established.
Categories and Number of Persons Covered
Directors of the company and its subsidiaries, excluding outside directors; executive officers; corporate officers; executive advisors; and employees. The number of recipients and the number of shares allocated are not disclosed.
Intended allottee's holding policy
Any transfer of the stock acquisition rights requires approval by the Board of Directors.
Basis for determining the amount to be paid
The amount will be calculated by multiplying the average closing price of the company's common stock in ordinary trading on the Tokyo Stock Exchange on each trading day in the month preceding the month containing the issuance date by 1.05. If the calculated amount is below the closing price on the business day preceding the issuance date, that closing price will apply.
Procedures under the Corporate Code of Conduct
The delegation proposal will be submitted to the 84th Annual General Meeting of Shareholders, scheduled for 20 June 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | Up to 500,000 common shares (5,000 stock acquisition rights, with 100 shares per right) |
| Issue price and disposal price | The stock acquisition rights will be issued for no consideration. The amount payable per share upon exercise will be the average closing price on each trading day in the month preceding the month of issuance multiplied by 1.05. However, if this amount is below the closing price on the business day preceding the issuance date, the latter closing price will apply. |
| Intended allottee | Directors of the company and its subsidiaries, excluding outside directors; executive officers; corporate officers; executive advisors; and employees. The number of recipients and the number of shares allocated to each recipient are not disclosed. |
| Intended allottee's holding policy | Any transfer of the stock acquisition rights requires approval by the Board of Directors. |
| Basis for determining the amount to be paid | The amount will be calculated by multiplying the average closing price of the company's common stock in ordinary trading on the Tokyo Stock Exchange on each trading day in the month preceding the month containing the issuance date by 1.05. If the calculated amount is below the closing price on the business day preceding the issuance date, that closing price will apply. |
| Exercise price | The amount payable per share will be determined based on 105% of the average closing price for the preceding month. Adjustment provisions apply in the event of a stock split, reverse stock split, or issuance of new shares or disposal of treasury shares at a price below market value. The lower limit for adjustments is not disclosed. |
| Exercise period | A period to be determined by the Board of Directors within the period from 21 June 2028 to 20 June 2036 |
| Number of Stock Acquisition Rights | Maximum total issuance of 5,000 stock acquisition rights. The number of unexercised rights outstanding is not disclosed. |
| Reason for acquisition without consideration | No acquisition provision will be established. |
| Categories and Number of Persons Covered | Directors of the company and its subsidiaries, excluding outside directors; executive officers; corporate officers; executive advisors; and employees. The number of recipients and the number of shares allocated are not disclosed. |
| Procedures under the Corporate Code of Conduct | The delegation proposal will be submitted to the 84th Annual General Meeting of Shareholders, scheduled for 20 June 2026. |
Items this document does not state (16)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal 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 enhance the motivation and morale of the group's directors, officers and employees to improve business performance, and to become a sustainably growing company by recruiting outstanding personnel.
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.