Worth reading
60In focus
Scored from 3 of 5 sectionsDirection
Mixed performance
Direction inferred from the company’s description.Scale
92
Percentage of the closing price (%)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Decision to revise the exercise price of the 16th Series of Stock Acquisition Rights with an Exercise Price Revision Option
Intended allottee
Macquarie Bank Limited (allotted on 9 April 2025)
Terms of the stock acquisition rights
Exercise price
Initially fixed; subject to a revision provision. Revised to 92% of the closing price on the preceding trading day, with a floor of ¥9
Number of Stock Acquisition Rights
Total issued: 50,000; subject to exercise price revision: 50,000 (100 shares per right)
Basis for determining the amount to be paid
92% of the closing price on the trading day preceding each revision date, rounded down to the nearest yen
Most recent equity financing
Timing 9 April 2025 / Type 15th Series and 16th Series of Stock Acquisition Rights and unsecured bonds (privately placed bonds) issued through a third-party allotment / Amount Not disclosed
Impact on Business Performance
There will be no impact on consolidated results for the current fiscal year.
| Item | Details |
|---|---|
| Type of issuance or disposal | Decision to revise the exercise price of the 16th Series of Stock Acquisition Rights with an Exercise Price Revision Option |
| Intended allottee | Macquarie Bank Limited (allotted on 9 April 2025) |
| Basis for determining the amount to be paid | 92% of the closing price on the trading day preceding each revision date, rounded down to the nearest yen |
| Exercise price | Initially fixed; subject to a revision provision. Revised to 92% of the closing price on the preceding trading day, with a floor of ¥9 |
| Number of Stock Acquisition Rights | Total issued: 50,000; subject to exercise price revision: 50,000 (100 shares per right) |
| Most recent equity financing | Timing 9 April 2025 / Type 15th Series and 16th Series of Stock Acquisition Rights and unsecured bonds (privately placed bonds) issued through a third-party allotment / Amount Not disclosed |
| Impact on Business Performance | There will be no impact on consolidated results for the current fiscal year. |
Items this document does not state (21)
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 allottee's holding policyDilution RateTotal number of issued sharesExercise periodTransfer 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 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.Following consideration of the optimization of its capital policy in light of share price trends since issuance and changes in market conditions, the company aims to enhance the flexibility and certainty of its financing. The company states that this change will secure flexibility in financing while seeking to enhance corporate value over the medium to long term.
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.