Worth reading
19Immaterial
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Deterioration
Direction inferred from the company’s description.Scale
7.9
Reduction in the conversion price in yen per shareWording
Definitive
How definitive the wording is.Details of issuance or disposal
Adjustment of the conversion price for convertible bonds with stock acquisition rights
Basis for determining the amount to be paid
Because the subscription price for the new shares issued through a third-party allotment is below the market value specified in the terms of issue of these bonds with stock acquisition rights
Most recent equity financing
Timing 6 October 2023 / Type First Series Unsecured Convertible Bonds with Stock Acquisition Rights / Amount Not disclosed, Timing 25 February 2026 / Type Issuance of new shares by third-party allotment / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Adjustment of the conversion price for convertible bonds with stock acquisition rights |
| Basis for determining the amount to be paid | Because the subscription price for the new shares issued through a third-party allotment is below the market value specified in the terms of issue of these bonds with stock acquisition rights |
| Most recent equity financing | Timing 6 October 2023 / Type First Series Unsecured Convertible Bonds with Stock Acquisition Rights / Amount Not disclosed, Timing 25 February 2026 / Type Issuance of new shares by third-party allotment / Amount Not disclosed |
Items this document does not state (25)
Number of shares to be issued or disposed ofIssue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allotteeIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor 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.Because the subscription price for the new shares issued through a third-party allotment, as resolved at the Board of Directors meeting held on 25 February 2026, is below the market value specified in the terms of issue of these bonds with stock acquisition rights, the conversion price will be adjusted in accordance with the conversion price adjustment provisions.
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.