Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
3.6
Percentage of total shares issued (%)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of stock acquisition rights for subscription (paid stock options)
発行・処分する株式数
10,100 stock acquisition rights, 100 common shares per right, for a total of 1,010,000 shares to be delivered upon exercise
Intended allottee
The company's directors and employees, and the directors and employees of its subsidiaries. Number of recipients and number of rights allocated to each: Not disclosed
¥480 per stock acquisition right
Total issue value
¥4,848,000 (¥480 × 10,100 rights)
Amount of funds to be raised
Total payment for the stock acquisition rights: ¥4,848,000. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
These rights will be subscribed for on a paid basis based on individual investment decisions, rather than being granted as compensation. Total share-based compensation: Not disclosed
発行済株式総数
An increase of 1,010,000 shares if all stock acquisition rights are exercised
3.6% (the ratio of the total number of common shares that would be added if all stock acquisition rights were exercised to the total number of shares issued as of 30 September 2026)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Terms of the stock acquisition rights
Exercise price
The initial exercise price is ¥577 per share. Adjustment provisions apply in the event of a share split or consolidation, the issuance of new shares or disposal of treasury shares at a price below market value, or other unavoidable circumstances. Lower limit of the adjusted price: Not disclosed
Exercise period
From 1 January 2030 to 31 December 2035
Number of Stock Acquisition Rights
Total issued: 10,100 rights. Number of unexercised rights: Not disclosed
Reason for acquisition without consideration
If a holder of the stock acquisition rights ceases to satisfy the exercise conditions, the company may acquire the rights for no consideration by resolution of its board of directors. In addition, if a specified proposal concerning a reorganisation or other matter is approved, the company may acquire the rights at an amount equal to their issue price.
Categories and Number of Persons Covered
The company's directors and employees, and the directors and employees of its subsidiaries. Number of recipients and number of shares allocated by category: Not disclosed
Payment date
18 December 2026
Basis for determining the amount to be paid
Determined with reference to the results calculated by the third-party valuation institution 株式会社赤坂国際会計 using a Monte Carlo simulation, taking into consideration the company's share price information and other factors. Reference period for the closing price and average share price, and discount and premium rates: Not disclosed
Procedures under the Corporate Code of Conduct
Because the rights are issued for consideration at fair value and on terms that are not particularly favorable, the issuance will be carried out without obtaining approval at a general meeting of shareholders.
Impact on Business Performance
The specific amount of the impact on financial results is Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of stock acquisition rights for subscription (paid stock options) |
| Number of shares to be issued or disposed of | 10,100 stock acquisition rights, 100 common shares per right, for a total of 1,010,000 shares to be delivered upon exercise |
| Issue price and disposal price | ¥480 per stock acquisition right |
| Total issue value | ¥4,848,000 (¥480 × 10,100 rights) |
| Amount of funds to be raised | Total payment for the stock acquisition rights: ¥4,848,000. Estimated net proceeds: Not disclosed |
| Payment date | 18 December 2026 |
| Intended allottee | The company's directors and employees, and the directors and employees of its subsidiaries. Number of recipients and number of rights allocated to each: Not disclosed |
| Dilution Rate | 3.6% (the ratio of the total number of common shares that would be added if all stock acquisition rights were exercised to the total number of shares issued as of 30 September 2026) |
| Total number of issued shares | An increase of 1,010,000 shares if all stock acquisition rights are exercised |
| Basis for determining the amount to be paid | Determined with reference to the results calculated by the third-party valuation institution 株式会社赤坂国際会計 using a Monte Carlo simulation, taking into consideration the company's share price information and other factors. Reference period for the closing price and average share price, and discount and premium rates: Not disclosed |
| Exercise price | The initial exercise price is ¥577 per share. Adjustment provisions apply in the event of a share split or consolidation, the issuance of new shares or disposal of treasury shares at a price below market value, or other unavoidable circumstances. Lower limit of the adjusted price: Not disclosed |
| Exercise period | From 1 January 2030 to 31 December 2035 |
| Number of Stock Acquisition Rights | Total issued: 10,100 rights. Number of unexercised rights: Not disclosed |
| Reason for acquisition without consideration | If a holder of the stock acquisition rights ceases to satisfy the exercise conditions, the company may acquire the rights for no consideration by resolution of its board of directors. In addition, if a specified proposal concerning a reorganisation or other matter is approved, the company may acquire the rights at an amount equal to their issue price. |
| Categories and Number of Persons Covered | The company's directors and employees, and the directors and employees of its subsidiaries. Number of recipients and number of shares allocated by category: Not disclosed |
| Total Stock-Based Compensation | These rights will be subscribed for on a paid basis based on individual investment decisions, rather than being granted as compensation. Total share-based compensation: Not disclosed |
| Procedures under the Corporate Code of Conduct | Because the rights are issued for consideration at fair value and on terms that are not particularly favorable, the issuance will be carried out without obtaining approval at a general meeting of shareholders. |
| Impact on Business Performance | The specific amount of the impact on financial results is Not disclosed |
Items this document does not state (10)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyTransfer restriction periodConditions for lifting transfer restrictionsUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offering
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 willingness and morale of the eligible recipients to improve performance and enhance corporate value, and to share value with shareholders, with a view to medium- to long-term business growth and increased corporate value.
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.