Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
120000
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of new shares through a third-party allotment under the Share Delivery Program
発行・処分する株式数120,000Shares
120,000 new shares
Intended allottee
ESOP trust
Total issue value
¥371,400,000
Amount of funds to be raised
Total amount paid in: ¥371,400,000; estimated net proceeds: Not disclosed
Categories and Number of Persons Covered
Managers of the Company and its group companies who meet certain requirements (breakdown of the number of people and shares allocated: Not disclosed)
Intended allottee's holding policy
The shares will be delivered to eligible employees during the trust period. If the trust is not continued, the remaining shares are expected to be transferred to the Company without consideration, after which the Company plans to cancel the shares it acquires.
Reason for acquisition without consideration
If the trust is terminated without being continued, the remaining shares are expected to be transferred without consideration from the ESOP trust to the Company.
Procedures under the Corporate Code of Conduct
A certified public accountant who is an independent third party with no interest in the target company will serve as trustee administrator.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares through a third-party allotment under the Share Delivery Program |
| Number of shares to be issued or disposed of | 120,000 new shares |
| Total issue value | ¥371,400,000 |
| Amount of funds to be raised | Total amount paid in: ¥371,400,000; estimated net proceeds: Not disclosed |
| Intended allottee | ESOP trust |
| Intended allottee's holding policy | The shares will be delivered to eligible employees during the trust period. If the trust is not continued, the remaining shares are expected to be transferred to the Company without consideration, after which the Company plans to cancel the shares it acquires. |
| Reason for acquisition without consideration | If the trust is terminated without being continued, the remaining shares are expected to be transferred without consideration from the ESOP trust to the Company. |
| Categories and Number of Persons Covered | Managers of the Company and its group companies who meet certain requirements (breakdown of the number of people and shares allocated: Not disclosed) |
| Procedures under the Corporate Code of Conduct | A certified public accountant who is an independent third party with no interest in the target company will serve as trustee administrator. |
Items this document does not state (19)
Issue price and disposal priceEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesBasis for determining the amount to be paidExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsTotal 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 raise managers’ awareness of achieving performance targets and enhancing corporate value, and to promote the sharing of value with shareholders. The plan is also intended to increase motivation to achieve performance targets and aspire to management positions, help secure and retain talented personnel, and support the sustainable growth of the Group.
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.