Worth reading
56In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
2500
SharesWording
Definitive
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
2,500 shares of the Company's common stock (25 stock acquisition rights, 100 shares per right)
Intended allottee
Category Directors of the company's subsidiaries / Number of Employees 1 / Number of stock acquisition rights 25
The stock acquisition rights will be issued without consideration. The exercise price will be determined based on the average closing price for the month preceding the month in which the allotment date falls or the closing price on the allotment date.
Terms of the stock acquisition rights
Exercise price
The average closing price for the month preceding the month in which the allotment date falls. However, if this is lower than the closing price on the allotment date, the closing price on the allotment date will apply. Adjustment provisions apply in the event of a stock split, reverse stock split, or issuance of new shares at a price below market value. The lower limit for adjustments is Not disclosed.
Exercise period
From the date 2 years after the allotment date through the date 10 years after the allotment date
Number of Stock Acquisition Rights
Total number issued: 25 rights. Number of rights remaining unexercised: Not disclosed
Reason for acquisition without consideration
Where a corporate reorganization is approved at a shareholders meeting, among other cases, or where the holder loses eligibility to exercise the stock acquisition rights
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
The rights may be exercised from the date 2 years after the allotment date through the date 10 years after the allotment date. Any acquisition through transfer requires the approval of the Board of Directors.
Conditions for lifting transfer restrictions
At the time of exercise, the holder must still be a director, excluding an outside director, or an employee of the Company or one of its subsidiaries. Exceptions apply where the holder has submitted an application to exercise the rights in accordance with the prescribed procedures by the time of retirement, among other cases.
Categories and Number of Persons Covered
1 director of a subsidiary of the Company, 25 rights
Intended allottee's holding policy
Pledging or otherwise disposing of the stock acquisition rights is prohibited. Any acquisition through transfer requires the approval of the Company's Board of Directors.
Basis for determining the amount to be paid
The exercise price will be based on the average closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange on each trading day during the month preceding the month in which the allotment date falls, rounded up to the nearest yen. If this amount is lower than the closing price on the allotment date, the closing price on the allotment date will apply. The discount rate and premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
Pursuant to a resolution of the 13th Annual General Meeting of Shareholders held on 27 March 2026, authority to determine the issuance terms has been delegated to the Board of Directors.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights as stock options |
| Number of shares to be issued or disposed of | 2,500 shares of the Company's common stock (25 stock acquisition rights, 100 shares per right) |
| Issue price and disposal price | The stock acquisition rights will be issued without consideration. The exercise price will be determined based on the average closing price for the month preceding the month in which the allotment date falls or the closing price on the allotment date. |
| Intended allottee | Category Directors of the company's subsidiaries / Number of Employees 1 / Number of stock acquisition rights 25 |
| Intended allottee's holding policy | Pledging or otherwise disposing of the stock acquisition rights is prohibited. Any acquisition through transfer requires the approval of the Company's Board of Directors. |
| Basis for determining the amount to be paid | The exercise price will be based on the average closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange on each trading day during the month preceding the month in which the allotment date falls, rounded up to the nearest yen. If this amount is lower than the closing price on the allotment date, the closing price on the allotment date will apply. The discount rate and premium rate are Not disclosed. |
| Exercise price | The average closing price for the month preceding the month in which the allotment date falls. However, if this is lower than the closing price on the allotment date, the closing price on the allotment date will apply. Adjustment provisions apply in the event of a stock split, reverse stock split, or issuance of new shares at a price below market value. The lower limit for adjustments is Not disclosed. |
| Exercise period | From the date 2 years after the allotment date through the date 10 years after the allotment date |
| Number of Stock Acquisition Rights | Total number issued: 25 rights. Number of rights remaining unexercised: Not disclosed |
| Transfer restriction period | The rights may be exercised from the date 2 years after the allotment date through the date 10 years after the allotment date. Any acquisition through transfer requires the approval of the Board of Directors. |
| Conditions for lifting transfer restrictions | At the time of exercise, the holder must still be a director, excluding an outside director, or an employee of the Company or one of its subsidiaries. Exceptions apply where the holder has submitted an application to exercise the rights in accordance with the prescribed procedures by the time of retirement, among other cases. |
| Reason for acquisition without consideration | Where a corporate reorganization is approved at a shareholders meeting, among other cases, or where the holder loses eligibility to exercise the stock acquisition rights |
| Categories and Number of Persons Covered | 1 director of a subsidiary of the Company, 25 rights |
| Procedures under the Corporate Code of Conduct | Pursuant to a resolution of the 13th Annual General Meeting of Shareholders held on 27 March 2026, authority to determine the issuance terms has been delegated to the Board of Directors. |
Items this document does not state (14)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesTotal 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 increase the motivation of the Company's group officers and employees to contribute to the enhancement of corporate value over the medium to long term, secure and retain talented personnel, and encourage contributions to improved performance and a higher share price.
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