Worth reading
67In focus
Scored from 3 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
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Displayed only when the document provides numerical figures.Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of convertible bonds with stock acquisition rights subject to conversion price adjustment through a third-party allotment and issuance of stock acquisition rights through a third-party allotment
Who receives how much
Series 1 Convertible Bonds with Stock Acquisition Rights: 864,680 shares (potential shares); Fifth Series Stock Acquisition Rights: 3,300,000 shares (potential shares); Sixth Series Stock Acquisition Rights: 3,600,000 shares (potential shares)
LCAOEquivalent to 864,680 shares for the Series 1 Convertible Bonds with Stock Acquisition Rights; 24,420 Fifth Series Stock Acquisition Rights (equivalent to 2,442,000 shares)
MAP246Equivalent to 86,468 shares for the Series 1 Convertible Bonds with Stock Acquisition Rights; 2,640 Fifth Series Stock Acquisition Rights (equivalent to 264,000 shares)
BEMAPEquivalent to 129,702 shares for the Series 1 Convertible Bonds with Stock Acquisition Rights; 5,940 Fifth Series Stock Acquisition Rights (equivalent to 594,000 shares)
Seacastle23,436 Sixth Series Stock Acquisition Rights (equivalent to 2,343,600 shares)
Showcase Capital4,536 Sixth Series Stock Acquisition Rights (equivalent to 453,600 shares)
Universal Digital6,660 Sixth Series Stock Acquisition Rights (equivalent to 666,000 shares)
Soul Ventures1,368 Sixth Series Stock Acquisition Rights (equivalent to 136,800 shares)
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
Series 1 Convertible Bonds with Stock Acquisition Rights: ¥180,000,000 in total (¥90 per ¥100 principal amount of each bond); Fifth Series Stock Acquisition Rights: ¥123 per right; Sixth Series Stock Acquisition Rights: ¥131 per right
Total issue value
Series 1 Convertible Bonds with Stock Acquisition Rights: ¥180,000,000; Fifth Series Stock Acquisition Rights: ¥4,059,000; Sixth Series Stock Acquisition Rights: ¥4,716,000
Amount of funds to be raised
Series 1 Convertible Bonds with Stock Acquisition Rights: ¥180,000,000 in total; Fifth Series Stock Acquisition Rights: ¥852,159,000 (¥4,059,000 from issuance and ¥848,100,000 from exercise); Sixth Series Stock Acquisition Rights: ¥929,916,000 (¥4,716,000 from issuance and ¥925,200,000 from exercise)
Terms of the stock acquisition rights
Exercise price
Fifth and Sixth Series Stock Acquisition Rights: ¥257 per share. Conversion price of the Series 1 Convertible Bonds with Stock Acquisition Rights: ¥231.3. The conversion price may be adjusted on 7 December 2026, and the floor conversion price is ¥206.
Exercise period
Series 1 Convertible Bonds with Stock Acquisition Rights: from 8 June 2026 to 5 June 2028. Fifth and Sixth Series Stock Acquisition Rights: from 8 June 2026 to 5 June 2029
Number of Stock Acquisition Rights
Series 1 Convertible Bonds with Stock Acquisition Rights: 20. Fifth Series Stock Acquisition Rights: 33,000. Sixth Series Stock Acquisition Rights: 36,000. Unexercised balance: Not disclosed
Reason for acquisition without consideration
Fifth Series Stock Acquisition Rights: The Company may purchase all remaining rights at the same price as the payment amount. Sixth Series Stock Acquisition Rights: The Company may acquire the rights pursuant to a resolution of the Board of Directors and will acquire all rights remaining at the end of the exercise period.
Categories and Number of Persons Covered
LCAO、MAP246、BEMAP、Seacastle、Showcase Capital、Universal Digital、Soul Ventures
Payment date
5 June 2026
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of convertible bonds with stock acquisition rights subject to conversion price adjustment through a third-party allotment and issuance of stock acquisition rights through a third-party allotment |
| Number of shares to be issued or disposed of | Series 1 Convertible Bonds with Stock Acquisition Rights: 864,680 shares (potential shares); Fifth Series Stock Acquisition Rights: 3,300,000 shares (potential shares); Sixth Series Stock Acquisition Rights: 3,600,000 shares (potential shares) |
| Issue price and disposal price | Series 1 Convertible Bonds with Stock Acquisition Rights: ¥180,000,000 in total (¥90 per ¥100 principal amount of each bond); Fifth Series Stock Acquisition Rights: ¥123 per right; Sixth Series Stock Acquisition Rights: ¥131 per right |
| Total issue value | Series 1 Convertible Bonds with Stock Acquisition Rights: ¥180,000,000; Fifth Series Stock Acquisition Rights: ¥4,059,000; Sixth Series Stock Acquisition Rights: ¥4,716,000 |
| Amount of funds to be raised | Series 1 Convertible Bonds with Stock Acquisition Rights: ¥180,000,000 in total; Fifth Series Stock Acquisition Rights: ¥852,159,000 (¥4,059,000 from issuance and ¥848,100,000 from exercise); Sixth Series Stock Acquisition Rights: ¥929,916,000 (¥4,716,000 from issuance and ¥925,200,000 from exercise) |
| Payment date | 5 June 2026 |
| Intended allottee | Name LCAO / Number of Shares Equivalent to 864,680 shares for the Series 1 Convertible Bonds with Stock Acquisition Rights; 24,420 Fifth Series Stock Acquisition Rights (equivalent to 2,442,000 shares), Name MAP246 / Number of Shares Equivalent to 86,468 shares for the Series 1 Convertible Bonds with Stock Acquisition Rights; 2,640 Fifth Series Stock Acquisition Rights (equivalent to 264,000 shares), Name BEMAP / Number of Shares Equivalent to 129,702 shares for the Series 1 Convertible Bonds with Stock Acquisition Rights; 5,940 Fifth Series Stock Acquisition Rights (equivalent to 594,000 shares), Name Seacastle / Number of Shares 23,436 Sixth Series Stock Acquisition Rights (equivalent to 2,343,600 shares), Name Showcase Capital / Number of Shares 4,536 Sixth Series Stock Acquisition Rights (equivalent to 453,600 shares), Name Universal Digital / Number of Shares 6,660 Sixth Series Stock Acquisition Rights (equivalent to 666,000 shares), Name Soul Ventures / Number of Shares 1,368 Sixth Series Stock Acquisition Rights (equivalent to 136,800 shares) |
| Exercise price | Fifth and Sixth Series Stock Acquisition Rights: ¥257 per share. Conversion price of the Series 1 Convertible Bonds with Stock Acquisition Rights: ¥231.3. The conversion price may be adjusted on 7 December 2026, and the floor conversion price is ¥206. |
| Exercise period | Series 1 Convertible Bonds with Stock Acquisition Rights: from 8 June 2026 to 5 June 2028. Fifth and Sixth Series Stock Acquisition Rights: from 8 June 2026 to 5 June 2029 |
| Number of Stock Acquisition Rights | Series 1 Convertible Bonds with Stock Acquisition Rights: 20. Fifth Series Stock Acquisition Rights: 33,000. Sixth Series Stock Acquisition Rights: 36,000. Unexercised balance: Not disclosed |
| Reason for acquisition without consideration | Fifth Series Stock Acquisition Rights: The Company may purchase all remaining rights at the same price as the payment amount. Sixth Series Stock Acquisition Rights: The Company may acquire the rights pursuant to a resolution of the Board of Directors and will acquire all rights remaining at the end of the exercise period. |
| Categories and Number of Persons Covered | LCAO、MAP246、BEMAP、Seacastle、Showcase Capital、Universal Digital、Soul Ventures |
Items this document does not state (16)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesBasis for determining the amount to be paidTransfer restriction periodConditions for lifting transfer restrictionsTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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.Because payment of the total amount payable was completed on 5 June 2026.
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.
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