Worth reading
57In focus
Scored from 2 of 5 sectionsDirection
Deterioration
Direction inferred from the company’s description.Scale
47
¥ per warrant (reduction in exercise price)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Adjustment to the exercise price of Series 8 Stock Acquisition Rights with an exercise price adjustment clause
Terms of the stock acquisition rights
Exercise price
¥236 before adjustment and ¥189 after adjustment. An exercise price adjustment clause applies. Floor exercise price: ¥189
Basis for determining the amount to be paid
As 90% of the closing price of the Company's common shares on the Tokyo Stock Exchange on the trading day immediately preceding the date of today's Board of Directors resolution, ¥171, was below the floor exercise price of ¥189, the floor exercise price of ¥189 was applied.
Most recent equity financing
Timing 18 February 2026 / Type Issuance of new shares and Series 8 Stock Acquisition Rights with an exercise price adjustment clause through a third-party allotment / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Adjustment to the exercise price of Series 8 Stock Acquisition Rights with an exercise price adjustment clause |
| Basis for determining the amount to be paid | As 90% of the closing price of the Company's common shares on the Tokyo Stock Exchange on the trading day immediately preceding the date of today's Board of Directors resolution, ¥171, was below the floor exercise price of ¥189, the floor exercise price of ¥189 was applied. |
| Exercise price | ¥236 before adjustment and ¥189 after adjustment. An exercise price adjustment clause applies. Floor exercise price: ¥189 |
| Most recent equity financing | Timing 18 February 2026 / Type Issuance of new shares and Series 8 Stock Acquisition Rights with an exercise price adjustment clause through a third-party allotment / Amount Not disclosed |
Items this document does not state (24)
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 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.In consideration of recent trends in the market price of the Company's shares, to secure in a flexible and reliable manner the funds essential for executing its business plan by promoting the exercise of these Stock Acquisition Rights.
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.