Notice on Finalization of Details of Issuance of Stock Compensation-type Stock Options (Stock Subscription Rights)

25 Sep 2008
Terms and conditions of Stock Subscription Rights, in the form of stock options, to be allotted to the Company's directors (except external directors), executive directors, executive officers, and, riji, were resolved at the Board of Directors meeting held on 28 August 2008, and the details of issuance of the Stock Subscription rights were finalized today as follows.

1. Allotment Date of Stock Subscription Rights

27 September, 2008

2. Number of Stock Subscription Rights to be Issued

(Number of shares to be issued or transferred upon exercise of a Stock Subscription Right : 1,000)

3. Amount to be Paid In upon Allotment of Stock Subscription Rights

497,510 yen per Stock Subscription Right (497.51 yen per share)

The amount to be paid in, however, shall be offset against the corresponding compensation obligation of the Company to the directors, etc. The amount above was figured out in accordance with the Black-Scholes model based on the closing stock price of the previous day of the Allotment Date.

4. Amount to be paid with the exercise of Stock Subscription Rights

1 yen per share.

5. Allottees of Stock Subscription Rights and the number of rights to be granted

Allottees (Number of Allottees)

Number of Stock Subscription Rights per Person

Total Number of Stock Subscription Rights to be granted

Directors and Executive Directors of the Company (excluding external Directors) (4)

between 22 and 53


Executive Officers of the Company (11)

between 13 and 22


Riji of the Company (10)



Total (25)



We value your privacy

We use cookies on this website for analytics, remarketing, social media (optional) and content (essential) purposes.

By clicking ‘Accept All’ you consent to the use of cookies for non-essential functions and the related processing of personal data. Alternatively you can reject non-essential cookies by clicking ‘Essential Only’. You can adjust your preferences at any time by visiting our Cookie Policy and access the settings on that page.

For more information please read our