TOKYO, Jun 19 (Pulse News Wire) – Kuradashi.co.,ltd. (5884.T) announced today that its board of directors resolved to issue paid stock options (subscription rights) based on Article 236, Article 238, and Article 240 of the Companies Act.
The issuance will occur without shareholder approval due to fair pricing conditions. The purpose of issuing these subscription rights is to enhance employee motivation and cohesion towards achieving long-term performance growth and increased enterprise value. The exercise price of the subscription rights will adjust according to predefined performance targets: consolidated sales exceeding ¥7 billion and consolidated EBITDA exceeding ¥500 million for the fiscal year ending June 2027. If these targets are met, the exercise price will revert to the closing price on the trading day prior to the issuance decision, which was June 18, 2026.
Eight employees will receive a total of 1,160 subscription rights, each exercisable for 100 common shares of Kuradashi. The issuance price per right is set at \(¥400\). Adjustments to the number of shares and exercise prices will be made in case of share splits, mergers, or other corporate actions. Subscription rights holders must remain employed by Kuradashi or its affiliates during the exercise period from July 10, 2026, to July 9, 2036.
Upon exercise, capital increase calculations will follow the Capital Calculation Rules, with adjustments made accordingly.
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