Worth reading
47Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
15900
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of share subscription rights as stock compensation stock options
Who receives how much
15,900 common shares (159 stock acquisition rights, 100 shares per right)
5 directors of the Company, excluding directors who are Audit and Supervisory Committee membersEquivalent to 15,900 shares (159 stock acquisition rights)
The lower thin line represents the existing number of shares to which these shares will be added.
The payment amount for the stock acquisition rights will be the fair value per share calculated using the Black-Scholes model on the allotment date, multiplied by the number of shares granted. The amount has not yet been determined.
Amount of funds to be raised
No cash payment will be made, as the amount will be offset against compensation receivables. The estimated net proceeds are Not disclosed.
Terms of the stock acquisition rights
Exercise price
¥1 per share. The adjustment provisions and adjustment floor are Not disclosed.
Exercise period
Start Date 13 June 2026 / End date 12 June 2056
Number of Stock Acquisition Rights
Total number issued 159 rights / Number of unexercised units Not disclosed
Reason for acquisition without consideration
The Company may acquire the rights without consideration if they become unexercisable before exercise, or if certain prescribed proposals, such as those relating to a merger, company split, share exchange or share transfer, are approved, among other circumstances.
Categories and Number of Persons Covered
5 directors of the Company, excluding directors who are Audit and Supervisory Committee members; 159 rights (equivalent to 15,900 shares)
Payment date
12 June 2026 (no cash payment will be made, as the payment amount will be offset against compensation receivables)
Basis for determining the amount to be paid
The fair value per share of the stock options calculated using the Black-Scholes model on the allotment date. The periods used for the reference closing price and average share price, and the discount and premium rates, are Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of share subscription rights as stock compensation stock options |
| Number of shares to be issued or disposed of | 15,900 common shares (159 stock acquisition rights, 100 shares per right) |
| Issue price and disposal price | The payment amount for the stock acquisition rights will be the fair value per share calculated using the Black-Scholes model on the allotment date, multiplied by the number of shares granted. The amount has not yet been determined. |
| Amount of funds to be raised | No cash payment will be made, as the amount will be offset against compensation receivables. The estimated net proceeds are Not disclosed. |
| Payment date | 12 June 2026 (no cash payment will be made, as the payment amount will be offset against compensation receivables) |
| Intended allottee | Name 5 directors of the Company, excluding directors who are Audit and Supervisory Committee members / Number of Shares Equivalent to 15,900 shares (159 stock acquisition rights) |
| Basis for determining the amount to be paid | The fair value per share of the stock options calculated using the Black-Scholes model on the allotment date. The periods used for the reference closing price and average share price, and the discount and premium rates, are Not disclosed. |
| Exercise price | ¥1 per share. The adjustment provisions and adjustment floor are Not disclosed. |
| Exercise period | Start Date 13 June 2026 / End date 12 June 2056 |
| Number of Stock Acquisition Rights | Total number issued 159 rights / Number of unexercised units Not disclosed |
| Reason for acquisition without consideration | The Company may acquire the rights without consideration if they become unexercisable before exercise, or if certain prescribed proposals, such as those relating to a merger, company split, share exchange or share transfer, are approved, among other circumstances. |
| Categories and Number of Persons Covered | 5 directors of the Company, excluding directors who are Audit and Supervisory Committee members; 159 rights (equivalent to 15,900 shares) |
Items this document does not state (16)
Total issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesTransfer 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.To share with shareholders not only the benefits of a rising share price but also the risk of a share price decline, and to increase directors’ motivation and morale to contribute to medium- to long-term earnings growth and an increase in 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.