Worth reading
38Recurring
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
1.11
% (dilution rate relative to the total number of issued shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares through a third-party allotment (to the employee shareholding ESOP trust account)
Who receives how much3,819,800Shares
3,819,800 common shares (treasury shares)
The Master Trust Bank of Japan, Ltd. (employee shareholding ESOP trust account)3,819,800 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,508 per share
Total issue value
¥13,399,858,400
発行済株式総数
1.11% (based on total shares issued), 1.17% (based on total voting rights)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Categories and Number of Persons Covered
Employees of the Company’s employee shareholding association who satisfy the beneficiary requirements (no breakdown by number of recipients or allotted shares is provided)
Intended allottee's holding policy
The allotted shares will be transferred to the Company’s employee shareholding association during the trust period. The trust period runs from 18 May 2026 to 15 June 2031.
Payment date
22 May 2026
Basis for determining the amount to be paid
The closing price of the Company’s shares on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors’ resolution, ¥3,508. No discount or premium is stated.
Procedures under the Corporate Code of Conduct
Because the dilution rate is below 25% and there is no change in the controlling shareholder, obtaining an opinion from an independent third party and confirming shareholders’ intentions, as stipulated in Article 432 of the Tokyo Stock Exchange’s Securities Listing Regulations, is not required. The Audit and Supervisory Committee, consisting of 4 members, including 3 outside directors, expressed the opinion that the disposal price is reasonable, does not constitute a particularly favorable disposal price, and is lawful.
Impact on Business Performance
The impact on the stock market is expected to be minor, and the number of shares disposed of and the extent of dilution are considered reasonable. The purpose is to enhance corporate value over the medium to long term.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares through a third-party allotment (to the employee shareholding ESOP trust account) |
| Number of shares to be issued or disposed of | 3,819,800 common shares (treasury shares) |
| Issue price and disposal price | ¥3,508 per share |
| Total issue value | ¥13,399,858,400 |
| Payment date | 22 May 2026 |
| Intended allottee | Name The Master Trust Bank of Japan, Ltd. (employee shareholding ESOP trust account) / Number of Shares 3,819,800 shares |
| Intended allottee's holding policy | The allotted shares will be transferred to the Company’s employee shareholding association during the trust period. The trust period runs from 18 May 2026 to 15 June 2031. |
| Dilution Rate | 1.11% (based on total shares issued), 1.17% (based on total voting rights) |
| Total number of issued shares | 344,594,895 shares (as of 31 March 2026) → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company’s shares on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors’ resolution, ¥3,508. No discount or premium is stated. |
| Categories and Number of Persons Covered | Employees of the Company’s employee shareholding association who satisfy the beneficiary requirements (no breakdown by number of recipients or allotted shares is provided) |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is below 25% and there is no change in the controlling shareholder, obtaining an opinion from an independent third party and confirming shareholders’ intentions, as stipulated in Article 432 of the Tokyo Stock Exchange’s Securities Listing Regulations, is not required. The Audit and Supervisory Committee, consisting of 4 members, including 3 outside directors, expressed the opinion that the disposal price is reasonable, does not constitute a particularly favorable disposal price, and is lawful. |
| Impact on Business Performance | The impact on the stock market is expected to be minor, and the number of shares disposed of and the extent of dilution are considered reasonable. The purpose is to enhance corporate value over the medium to long term. |
Items this document does not state (15)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / 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 invigorate the employee shareholding association, promote employees’ stable asset formation, increase engagement, awareness of participation in management and incentives to improve performance, and enhance corporate value over the medium to long term.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.