Worth reading
67In focus
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
2
AnnualWording
Avoiding a definitive answer
How definitive the wording is.Details of issuance or disposal
Extension of the exercise period for the Third Stock Acquisition Rights
発行・処分する株式数
3,113,000 shares of the Company's common stock (283 stock acquisition rights, with 11,000 shares per right)
Intended allottee
Category Directors of the company / Number of Employees 2 / Number of stock acquisition rights 270 rights, Category The Company's employees / Number of Employees 3 / Number of stock acquisition rights 13
Issue price: ¥0 per stock acquisition right
Total issue value
¥0
Amount of funds to be raised
Total payment amount: ¥227,249,000 (exercise price); approximate net proceeds: Not disclosed
Specific use of funds
Funds for promoting focus businesses, including expansion of the Company's robust earnings base, its battery storage facilities business and its hotel business; amount: Not disclosed; scheduled spending period: Not disclosed
Terms of the stock acquisition rights
Exercise price
Initial exercise price: ¥73 per share. Modification clause and floor for modification: Not disclosed
Exercise period
Before the change: from 1 June 2025 to 30 April 2027. After the change: from 1 June 2025 to 30 April 2029
Number of Stock Acquisition Rights
Total number issued: 283. Number unexercised: 278 as of 31 July 2026
Categories and Number of Persons Covered
2 Company directors, 270 rights; 3 Company employees, 13 rights
Basis for determining the amount to be paid
Exercise price: ¥73 per share. The share price used as the basis for the calculation was ¥358 as of 3 July 2026. Discount rate/premium rate: Not disclosed. The fair value calculated using a binomial model is ¥3,135,000 per right, or ¥285 per share, both before and after the change.
Procedures under the Corporate Code of Conduct
The Company obtained advice on the value of these stock acquisition rights from Deloitte Tohmatsu LLC, an independent professional third-party organization independent of the Company's management. The Company also obtained opinions from outside counsel and the Company's outside directors who are Audit and Supervisory Committee members that the transaction was fair and reasonable and did not constitute an issuance on favorable terms, among other matters. The transaction is subject to approval at a general meeting of shareholders.
Impact on Business Performance
This change in the terms will have no impact on the Company's results.
| Item | Details |
|---|---|
| Type of issuance or disposal | Extension of the exercise period for the Third Stock Acquisition Rights |
| Number of shares to be issued or disposed of | 3,113,000 shares of the Company's common stock (283 stock acquisition rights, with 11,000 shares per right) |
| Issue price and disposal price | Issue price: ¥0 per stock acquisition right |
| Total issue value | ¥0 |
| Amount of funds to be raised | Total payment amount: ¥227,249,000 (exercise price); approximate net proceeds: Not disclosed |
| Specific use of funds | Funds for promoting focus businesses, including expansion of the Company's robust earnings base, its battery storage facilities business and its hotel business; amount: Not disclosed; scheduled spending period: Not disclosed |
| Intended allottee | Category Directors of the company / Number of Employees 2 / Number of stock acquisition rights 270 rights, Category The Company's employees / Number of Employees 3 / Number of stock acquisition rights 13 |
| Basis for determining the amount to be paid | Exercise price: ¥73 per share. The share price used as the basis for the calculation was ¥358 as of 3 July 2026. Discount rate/premium rate: Not disclosed. The fair value calculated using a binomial model is ¥3,135,000 per right, or ¥285 per share, both before and after the change. |
| Exercise price | Initial exercise price: ¥73 per share. Modification clause and floor for modification: Not disclosed |
| Exercise period | Before the change: from 1 June 2025 to 30 April 2027. After the change: from 1 June 2025 to 30 April 2029 |
| Number of Stock Acquisition Rights | Total number issued: 283. Number unexercised: 278 as of 31 July 2026 |
| Categories and Number of Persons Covered | 2 Company directors, 270 rights; 3 Company employees, 13 rights |
| Procedures under the Corporate Code of Conduct | The Company obtained advice on the value of these stock acquisition rights from Deloitte Tohmatsu LLC, an independent professional third-party organization independent of the Company's management. The Company also obtained opinions from outside counsel and the Company's outside directors who are Audit and Supervisory Committee members that the transaction was fair and reasonable and did not constitute an issuance on favorable terms, among other matters. The transaction is subject to approval at a general meeting of shareholders. |
| Impact on Business Performance | This change in the terms will have no impact on the Company's results. |
Items this document does not state (14)
Estimated issuance expensesPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offering
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 ensure that holders of unexercised stock acquisition rights have an opportunity to exercise them and to spread out the funds required for exercise and the associated tax burden. The extension will also enable the Company to secure the funds required for its focus businesses at a more favorable financing cost than borrowing from financial institutions or similar sources.
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.