Worth reading
43Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Neutral
Direction inferred from the company’s description.Scale
7300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
7,300 common shares of the Company (of which 6,400 shares are for the Company's directors)
4 directors of the Company, excluding directors serving as Audit & Supervisory Committee members6,400 shares
1 director of a subsidiary of the Company900 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
¥718 per share
Amount of funds to be raised
Total payment amount: ¥5,241,400; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Monetary compensation claims of ¥5,241,400 (of which ¥4,595,200 relates to the Company's directors)
Conditions on transfer restrictions
Restricted stock is stock awarded as compensation that cannot be sold during a specified period, with the restrictions lifted once the applicable conditions are met.
Transfer restriction period
22 May 2026 to 20 March 2028
Conditions for lifting transfer restrictions
All of the allocated shares will be released from the transfer restrictions upon expiration of the restricted transfer period, provided that the eligible director has continuously held one of the following positions during the restricted transfer period: director of the Company or one of its subsidiaries, executive officer who does not concurrently serve as a director, Audit & Supervisory Board member, employee, advisor, counselor, or any equivalent position. In the event of retirement or resignation upon expiration of the term of office, mandatory retirement, or another legitimate reason, all restrictions will be released immediately after the retirement or resignation. In the event of death, all restrictions will be released immediately after death. The restrictions will also be released subject to prescribed conditions in the event of a corporate reorganization or similar transaction.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been released as of the expiration of the transfer restriction period or the date on which the transfer restrictions are released.
Categories and Number of Persons Covered
4 directors of the Company (excluding directors who are Audit and Supervisory Committee members): 6,400 shares; 1 director of a subsidiary of the Company: 900 shares
Intended allottee's holding policy
During the restricted transfer period, the shares may not be transferred, pledged, or otherwise disposed of. The restricted transfer period runs from 22 May 2026 to 20 March 2028.
Payment date
22 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 23 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥718. No discount or premium rate is stated.
Impact on Business Performance
No impact on financial results from this disposal of treasury shares is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 7,300 common shares of the Company (of which 6,400 shares are for the Company's directors) |
| Issue price and disposal price | ¥718 per share |
| Amount of funds to be raised | Total payment amount: ¥5,241,400; estimated net proceeds: Not disclosed |
| Payment date | 22 May 2026 |
| Intended allottee | Name 4 directors of the Company, excluding directors serving as Audit & Supervisory Committee members / Number of Shares 6,400 shares, Name 1 director of a subsidiary of the Company / Number of Shares 900 shares |
| Intended allottee's holding policy | During the restricted transfer period, the shares may not be transferred, pledged, or otherwise disposed of. The restricted transfer period runs from 22 May 2026 to 20 March 2028. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 23 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥718. No discount or premium rate is stated. |
| Transfer restriction period | 22 May 2026 to 20 March 2028 |
| Conditions for lifting transfer restrictions | All of the allocated shares will be released from the transfer restrictions upon expiration of the restricted transfer period, provided that the eligible director has continuously held one of the following positions during the restricted transfer period: director of the Company or one of its subsidiaries, executive officer who does not concurrently serve as a director, Audit & Supervisory Board member, employee, advisor, counselor, or any equivalent position. In the event of retirement or resignation upon expiration of the term of office, mandatory retirement, or another legitimate reason, all restrictions will be released immediately after the retirement or resignation. In the event of death, all restrictions will be released immediately after death. The restrictions will also be released subject to prescribed conditions in the event of a corporate reorganization or similar transaction. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been released as of the expiration of the transfer restriction period or the date on which the transfer restrictions are released. |
| Categories and Number of Persons Covered | 4 directors of the Company (excluding directors who are Audit and Supervisory Committee members): 6,400 shares; 1 director of a subsidiary of the Company: 900 shares |
| Total Stock-Based Compensation | Monetary compensation claims of ¥5,241,400 (of which ¥4,595,200 relates to the Company's directors) |
| Impact on Business Performance | No impact on financial results from this disposal of treasury shares is stated. |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor 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.The purpose is to further enhance the motivation of the eligible directors, provide them with a sustained incentive, and share shareholder value. In determining the disposal, the Company considered the purpose of the program, the Company's operating performance, the scope of the eligible directors' responsibilities, and other relevant factors.
How to read this page
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