TOKYO, Mar 13 (Pulse News Wire) – Rakumachi,inc. (6037.T) announced today that its board of directors, held, resolved to issue paid stock options (the 12th subscription rights) to its directors without shareholder approval.
The issuance aims to enhance long-term performance and corporate value by aligning interests with existing shareholders through mandatory exercise conditions tied to the share price. Under the terms, each option grants the right to purchase 100 common shares at an exercise price of ¥1,000 per share, valid until April 9, 2031. The total number of options issued is 900, corresponding to 90,000 ordinary shares. Directors cannot abandon their options voluntarily and must fulfill exercise obligations if the average closing price of the company's shares falls below 70% of the exercise price for 21 consecutive trading days during the exercise period.
The issuance price was determined based on a valuation by independent appraiser Egg Evaluation Corp., considering factors such as the stock price, exercise price, expected remaining term, risk-free interest rate, dividend yield, and volatility. Rakumachi believes this price does not confer preferential treatment. Payment for the options is due on April 10, 2026, with applications accepted on April 9, 2026. The allocation targets four directors.
Upon exercise, capital increase limits apply according to company regulations, ensuring fair distribution among shareholders.
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