Worth reading
48Recurring
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
9626
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much9,626Shares
9,626 common shares (treasury shares)
5 directors of the Company, excluding outside directors5,792 shares
18 executive officers who do not concurrently serve as directors of the Company3,834 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.
¥2,004 per share
Amount of funds to be raised
Total payment amount: ¥19,290,504; estimated net proceeds: Not disclosed (in-kind contribution of compensation receivables)
Total Stock-Based Compensation
Total monetary receivables: ¥19,290,504 (the annual compensation limit for directors is ¥50 million or less)
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
6 August 2026 to 5 August 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds the position of director of the Company or executive officer who does not concurrently serve as a director during the transfer restriction period, all of the allotted shares will be released from the transfer restrictions upon expiration of the transfer restriction period. If the recipient leaves office upon expiration of the term of office or for another legitimate reason, the restrictions will be released immediately after departure with respect to the number of shares corresponding to the period of service.
Reason for acquisition without consideration
If the recipient commits a violation of laws or regulations during the transfer restriction period or otherwise falls under certain conditions stipulated in the allotment agreement, the Company will acquire all of the allotted shares held by the recipient without consideration. Any shares that remain subject to transfer restrictions after the restrictions are released will also be acquired without consideration.
Stock Split Ratio2-for-1 stock split, effective 1 March 2025
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 5 / Number of allocated shares 5,792 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 18 / Number of allocated shares 3,834 shares
Intended allottee's holding policy
During the transfer restriction period, the recipients are prohibited from transferring the shares to any third party, creating security interests over them or otherwise disposing of them. The transfer restriction period runs from 6 August 2026 to 5 August 2056.
Payment date
6 August 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 10 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,004. No discount or premium rate was disclosed.
Procedures under the Corporate Code of Conduct
The matter was deliberated by the Nomination and Compensation Committee.
Impact on Business Performance
The impact of this disposal of treasury shares on financial results is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 9,626 common shares (treasury shares) |
| Issue price and disposal price | ¥2,004 per share |
| Amount of funds to be raised | Total payment amount: ¥19,290,504; estimated net proceeds: Not disclosed (in-kind contribution of compensation receivables) |
| Payment date | 6 August 2026 |
| Intended allottee | Name 5 directors of the Company, excluding outside directors / Number of Shares 5,792 shares, Name 18 executive officers who do not concurrently serve as directors of the Company / Number of Shares 3,834 shares |
| Intended allottee's holding policy | During the transfer restriction period, the recipients are prohibited from transferring the shares to any third party, creating security interests over them or otherwise disposing of them. The transfer restriction period runs from 6 August 2026 to 5 August 2056. |
| 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 10 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,004. No discount or premium rate was disclosed. |
| Transfer restriction period | 6 August 2026 to 5 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds the position of director of the Company or executive officer who does not concurrently serve as a director during the transfer restriction period, all of the allotted shares will be released from the transfer restrictions upon expiration of the transfer restriction period. If the recipient leaves office upon expiration of the term of office or for another legitimate reason, the restrictions will be released immediately after departure with respect to the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If the recipient commits a violation of laws or regulations during the transfer restriction period or otherwise falls under certain conditions stipulated in the allotment agreement, the Company will acquire all of the allotted shares held by the recipient without consideration. Any shares that remain subject to transfer restrictions after the restrictions are released will also be acquired without consideration. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 5 / Number of allocated shares 5,792 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 18 / Number of allocated shares 3,834 shares |
| Total Stock-Based Compensation | Total monetary receivables: ¥19,290,504 (the annual compensation limit for directors is ¥50 million or less) |
| Stock Split Ratio | 2-for-1 stock split, effective 1 March 2025 |
| Procedures under the Corporate Code of Conduct | The matter was deliberated by the Nomination and Compensation Committee. |
| Impact on Business Performance | The impact of this disposal of treasury shares on financial results is Not disclosed. |
Items this document does not state (12)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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.To provide the eligible directors and other recipients with an incentive to continuously enhance corporate value and promote further value sharing with shareholders, as well as to further enhance their motivation.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.