Worth reading
72In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
1642000
Underlying shares (16,420 stock acquisition rights × 100 shares per right)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Permission to exercise the Eighth Series Stock Acquisition Rights with Exercise Price Adjustment Clause
Who receives how much
16,420 rights (100 shares per right; maximum of 1,642,000 shares)
SMBC Nikko Securities Inc.16,420 rights (equivalent to a maximum of 1,642,000 shares)
The lower thin line represents the existing number of shares to which these shares will be added.
Terms of the stock acquisition rights
Exercise price
Adjusted to 90.5% of the volume-weighted average price at the close of trading on the trading day immediately preceding the effective date of each exercise request. Minimum exercise price: ¥588
Exercise period
17 September 2026 to 13 September 2027 (240 trading days)
Number of Stock Acquisition Rights
Total issued: Not disclosed; exercise permission: 16,420 rights; remaining unexercised: Not disclosed
Offering structure
Underwriter / lead underwriter
SMBC Nikko Securities Inc.
Basis for determining the amount to be paid
90.5% of the volume-weighted average price for regular trading on the Tokyo Stock Exchange at the close of trading on the trading day immediately preceding the effective date of the exercise request. If the adjusted price is below the minimum exercise price of ¥588, the minimum exercise price will be ¥588.
Most recent equity financing
On 31 August 2026, the company disclosed the issuance of the Eighth Series Stock Acquisition Rights (with Exercise Price Adjustment Clause) through a third-party allotment and the execution of the Facility Agreement.
| Item | Details |
|---|---|
| Type of issuance or disposal | Permission to exercise the Eighth Series Stock Acquisition Rights with Exercise Price Adjustment Clause |
| Number of shares to be issued or disposed of | 16,420 rights (100 shares per right; maximum of 1,642,000 shares) |
| Intended allottee | Name SMBC Nikko Securities Inc. / Number of Shares 16,420 rights (equivalent to a maximum of 1,642,000 shares) |
| Basis for determining the amount to be paid | 90.5% of the volume-weighted average price for regular trading on the Tokyo Stock Exchange at the close of trading on the trading day immediately preceding the effective date of the exercise request. If the adjusted price is below the minimum exercise price of ¥588, the minimum exercise price will be ¥588. |
| Exercise price | Adjusted to 90.5% of the volume-weighted average price at the close of trading on the trading day immediately preceding the effective date of each exercise request. Minimum exercise price: ¥588 |
| Exercise period | 17 September 2026 to 13 September 2027 (240 trading days) |
| Number of Stock Acquisition Rights | Total issued: Not disclosed; exercise permission: 16,420 rights; remaining unexercised: Not disclosed |
| Underwriter / lead underwriter | SMBC Nikko Securities Inc. |
| Most recent equity financing | On 31 August 2026, the company disclosed the issuance of the Eighth Series Stock Acquisition Rights (with Exercise Price Adjustment Clause) through a third-party allotment and the execution of the Facility Agreement. |
Items this document does not state (19)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationOverallotmentStock 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.To enable SMBC Nikko Securities Inc. to exercise these stock acquisition rights pursuant to the exercise permission provisions of the Facility Agreement.
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.