Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
1998
unitsWording
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
199,800 shares (1,998 share acquisition rights × 100 shares per right; the actual number allotted may decrease depending on the number of applications)
Intended allottee
Category 2 of the Company's directors, excluding directors who are Audit & Supervisory Committee members and outside directors / Number of stock acquisition rights Not disclosed, Category 7 of the Company's executive officers, excluding those concurrently serving as directors / Number of stock acquisition rights Not disclosed
The amount payable in exchange for each share acquisition right is its fair value on the allocation date, calculated using the Black-Scholes model.
Amount of funds to be raised
Total amount to be paid: Not disclosed; estimated net proceeds: Not disclosed
Terms of the stock acquisition rights
Exercise price
¥1 per share. No adjustment provisions are specified.
Exercise period
From 1 August 2028 to 31 July 2034 (if the final day is a holiday, the preceding business day)
Number of Stock Acquisition Rights
Total number issued: 1,998 units. Number of outstanding unexercised rights: Not disclosed.
Reason for acquisition without consideration
The Company may acquire the share acquisition rights without consideration on a date separately determined by the Board of Directors if the shareholders approve a merger in which the Company is the disappearing company, a company split in which the Company is the splitting company, a share exchange or share transfer in which the Company becomes a wholly owned subsidiary, an amendment to the Articles of Incorporation to become a company with transfer restrictions, or similar matters, or if the Board of Directors resolves such matters where shareholder approval is not required.
Categories and Number of Persons Covered
2 of the Company's directors, excluding directors who are Audit & Supervisory Committee members and outside directors, and 7 of the Company's executive officers, excluding those concurrently serving as directors. Number of shares allotted: Not disclosed.
Basis for determining the amount to be paid
The fair value on the allocation date was calculated using the Black-Scholes model. The issuance does not constitute a favorable issue. 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 | 199,800 shares (1,998 share acquisition rights × 100 shares per right; the actual number allotted may decrease depending on the number of applications) |
| Issue price and disposal price | The amount payable in exchange for each share acquisition right is its fair value on the allocation date, calculated using the Black-Scholes model. |
| Amount of funds to be raised | Total amount to be paid: Not disclosed; estimated net proceeds: Not disclosed |
| Intended allottee | Category 2 of the Company's directors, excluding directors who are Audit & Supervisory Committee members and outside directors / Number of stock acquisition rights Not disclosed, Category 7 of the Company's executive officers, excluding those concurrently serving as directors / Number of stock acquisition rights Not disclosed |
| Basis for determining the amount to be paid | The fair value on the allocation date was calculated using the Black-Scholes model. The issuance does not constitute a favorable issue. 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. No adjustment provisions are specified. |
| Exercise period | From 1 August 2028 to 31 July 2034 (if the final day is a holiday, the preceding business day) |
| Number of Stock Acquisition Rights | Total number issued: 1,998 units. Number of outstanding unexercised rights: Not disclosed. |
| Reason for acquisition without consideration | The Company may acquire the share acquisition rights without consideration on a date separately determined by the Board of Directors if the shareholders approve a merger in which the Company is the disappearing company, a company split in which the Company is the splitting company, a share exchange or share transfer in which the Company becomes a wholly owned subsidiary, an amendment to the Articles of Incorporation to become a company with transfer restrictions, or similar matters, or if the Board of Directors resolves such matters where shareholder approval is not required. |
| Categories and Number of Persons Covered | 2 of the Company's directors, excluding directors who are Audit & Supervisory Committee members and outside directors, and 7 of the Company's executive officers, excluding those concurrently serving as directors. Number of shares allotted: Not disclosed. |
Items this document does not state (17)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / 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 enhance the motivation and morale of directors and executive officers to improve performance.
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.