Worth reading
69In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
1000000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Exercise status of the 16th stock acquisition rights issued through third-party allotment (with Exercise Price Adjustment Clause)
発行・処分する株式数1,000,000Shares
1,000,000 new shares
Intended allottee
Macquarie Bank Limited (allottee of the previously issued stock acquisition rights)
Existing Shares and Increase
+0.40%Rate of increase
295,121,340 shares296,121,340Shares
0.4% (exercise ratio subject to the exercise restriction)
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
During the relevant month: ¥23.0, ¥22.0, ¥21.0, ¥20.0, ¥19.0 and ¥18.0. An adjustment clause applies. The adjustment floor is not disclosed.
Number of Stock Acquisition Rights
Total issued: 50,000 rights; exercised during the relevant month: 10,000 rights; unexercised as of the end of the relevant month: 35,000 rights
Basis for determining the amount to be paid
The adjusted exercise price is an amount equivalent to 92% of the closing price on the trading day preceding the date on which the company receives notice of each exercise request, with amounts below ¥1 rounded down.
Procedures under the Corporate Code of Conduct
The disclosure describes compliance with the exercise restriction under Article 434 of the Listing Regulations. Whether an independent third-party opinion was obtained or shareholder approval was sought is not disclosed.
Most recent equity financing
Announced on 24 March 2025: issuance through a third-party allotment of the 15th and 16th stock acquisition rights, both with exercise price adjustment clauses, and unsecured bonds (privately placed bonds). The amount is not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Exercise status of the 16th stock acquisition rights issued through third-party allotment (with Exercise Price Adjustment Clause) |
| Number of shares to be issued or disposed of | 1,000,000 new shares |
| Intended allottee | Macquarie Bank Limited (allottee of the previously issued stock acquisition rights) |
| Dilution Rate | 0.4% (exercise ratio subject to the exercise restriction) |
| Total number of issued shares | 295,121,340 shares (as of the end of the month preceding the subject month) → 296,121,340 shares (as of the end of the relevant month, calculated to reflect the new shares issued during the month) |
| Basis for determining the amount to be paid | The adjusted exercise price is an amount equivalent to 92% of the closing price on the trading day preceding the date on which the company receives notice of each exercise request, with amounts below ¥1 rounded down. |
| Exercise price | During the relevant month: ¥23.0, ¥22.0, ¥21.0, ¥20.0, ¥19.0 and ¥18.0. An adjustment clause applies. The adjustment floor is not disclosed. |
| Number of Stock Acquisition Rights | Total issued: 50,000 rights; exercised during the relevant month: 10,000 rights; unexercised as of the end of the relevant month: 35,000 rights |
| Procedures under the Corporate Code of Conduct | The disclosure describes compliance with the exercise restriction under Article 434 of the Listing Regulations. Whether an independent third-party opinion was obtained or shareholder approval was sought is not disclosed. |
| Most recent equity financing | Announced on 24 March 2025: issuance through a third-party allotment of the 15th and 16th stock acquisition rights, both with exercise price adjustment clauses, and unsecured bonds (privately placed bonds). The amount is not disclosed. |
Items this document does not state (18)
Issue price and disposal priceTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateIntended allottee's holding policyExercise periodTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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 report the monthly exercise status. The document does not explain the reason for the exercises.
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.