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
255119
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock
Who receives how much
Directors 34,239 shares / Executive officers 59,680 shares / Employees 161,200 shares / Total 255,119 shares
The Company's directors5 / 34,239 shares
The Company's executive officers who do not concurrently serve as directors18 / 59,680 shares
Employees of the Company1,300 / 161,200 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.
Directors No consideration / Executive officers ¥807 per share / Employees ¥807 per share
Total issue value
Directors ¥27,630,873 (fair value) / Executive officers ¥48,161,760 / Employees ¥130,088,400 / Total ¥205,881,033
Total Stock-Based Compensation
Directors ¥27,630,873 (fair value) / Executive officers ¥48,161,760 / Employees ¥130,088,400
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
From 24 July 2026 (the allotment date) until the date on which the recipient ceases to hold either the position of director or executive officer of the Company (for directors)
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds either the position of director or executive officer of the Company from 24 July 2026 through 1 July 2027, all of the shares allotted under this plan will be released from the transfer restrictions upon expiration of the restriction period. In the event of retirement due to death, expiration of the term of office or other legitimate reasons, the restrictions will be released in part according to the number of months in office.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or other time specified in the agreement, the Company will acquire without consideration any shares allocated under this arrangement that remain subject to the transfer restrictions.
Categories and Number of Persons Covered
5 directors · 34,239 shares, 18 executive officers who do not concurrently serve as directors · 59,680 shares, 1,300 employees · 161,200 shares
Payment date
24 July 2026 (directors), 24 July 2026 (executive officers), 18 September 2026 (employees)
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥807. No discount or premium rate is disclosed.
Procedures under the Corporate Code of Conduct
At the 86th Annual General Meeting of Shareholders held on 25 June 2021, approval was obtained for the restricted stock compensation plan and the annual maximum number of shares and total compensation amount.
Impact on Business Performance
No impact on business performance was stated
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock |
| Number of shares to be issued or disposed of | Directors 34,239 shares / Executive officers 59,680 shares / Employees 161,200 shares / Total 255,119 shares |
| Issue price and disposal price | Directors No consideration / Executive officers ¥807 per share / Employees ¥807 per share |
| Total issue value | Directors ¥27,630,873 (fair value) / Executive officers ¥48,161,760 / Employees ¥130,088,400 / Total ¥205,881,033 |
| Payment date | 24 July 2026 (directors), 24 July 2026 (executive officers), 18 September 2026 (employees) |
| Intended allottee | Category The Company's directors / Number of Employees 5 / Number of Shares 34,239 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 18 / Number of Shares 59,680 shares, Category Employees of the Company / Number of Employees 1,300 / Number of Shares 161,200 shares |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥807. No discount or premium rate is disclosed. |
| Transfer restriction period | From 24 July 2026 (the allotment date) until the date on which the recipient ceases to hold either the position of director or executive officer of the Company (for directors) |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds either the position of director or executive officer of the Company from 24 July 2026 through 1 July 2027, all of the shares allotted under this plan will be released from the transfer restrictions upon expiration of the restriction period. In the event of retirement due to death, expiration of the term of office or other legitimate reasons, the restrictions will be released in part according to the number of months in office. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or other time specified in the agreement, the Company will acquire without consideration any shares allocated under this arrangement that remain subject to the transfer restrictions. |
| Categories and Number of Persons Covered | 5 directors · 34,239 shares, 18 executive officers who do not concurrently serve as directors · 59,680 shares, 1,300 employees · 161,200 shares |
| Total Stock-Based Compensation | Directors ¥27,630,873 (fair value) / Executive officers ¥48,161,760 / Employees ¥130,088,400 |
| Procedures under the Corporate Code of Conduct | At the 86th Annual General Meeting of Shareholders held on 25 June 2021, approval was obtained for the restricted stock compensation plan and the annual maximum number of shares and total compensation amount. |
| Impact on Business Performance | No impact on business performance was stated |
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 incentives for the sustained enhancement of the Company's corporate value and to promote greater value sharing with shareholders. The Company also took into consideration the purpose of the plan, the Company's performance, the scope of the responsibilities of each proposed allottee and other relevant circumstances.
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