Worth reading
49Recurring
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
35700
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much35,700Shares
35,700 common shares of the Company (treasury shares)
Directors (excluding outside directors)4 / 15,000 shares
Executive officers who do not concurrently serve as directors13 / 20,700 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.
¥1,444 per share
Amount of funds to be raised
Total monetary claims of ¥51,550,800, with the eligible recipients making a contribution in kind of the full amount, resulting in cash proceeds and estimated net proceeds of Not disclosed
Total Stock-Based Compensation
Total monetary claims of ¥51,550,800 (the annual compensation limit for eligible directors is ¥60 million)
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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
30 years (17 July 2026 to 16 July 2056)
Conditions for lifting transfer restrictions
The restrictions will be fully lifted upon expiration of the restricted period, provided that the recipient has continuously held the position of director or employee of the Company throughout the restricted period. In the event of retirement upon expiration of a term of office, mandatory retirement, or retirement for another legitimate reason, the restrictions will be lifted in proportion to the period of service. In the event of death, the restrictions will be lifted at a time separately determined by the Board of Directors.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any of the allocated shares for which the restrictions have not been lifted as of the expiration of the restricted period or the date on which the restrictions are lifted.
Categories and Number of Persons Covered
Category Directors (excluding outside directors) / Number of Employees 4 / Number of allocated shares 15,000 shares, Category Executive officers who do not concurrently serve as directors / Number of Employees 13 / Number of allocated shares 20,700 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period runs from 17 July 2026 to 16 July 2056.
Payment date
17 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 22 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,444. No discount or premium was applied.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 35,700 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,444 per share |
| Amount of funds to be raised | Total monetary claims of ¥51,550,800, with the eligible recipients making a contribution in kind of the full amount, resulting in cash proceeds and estimated net proceeds of Not disclosed |
| Payment date | 17 July 2026 |
| Intended allottee | Name Directors (excluding outside directors) / Number of Employees 4 / Number of Shares 15,000 shares, Name Executive officers who do not concurrently serve as directors / Number of Employees 13 / Number of Shares 20,700 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period runs from 17 July 2026 to 16 July 2056. |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 22 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,444. No discount or premium was applied. |
| Transfer restriction period | 30 years (17 July 2026 to 16 July 2056) |
| Conditions for lifting transfer restrictions | The restrictions will be fully lifted upon expiration of the restricted period, provided that the recipient has continuously held the position of director or employee of the Company throughout the restricted period. In the event of retirement upon expiration of a term of office, mandatory retirement, or retirement for another legitimate reason, the restrictions will be lifted in proportion to the period of service. In the event of death, the restrictions will be lifted at a time separately determined by the Board of Directors. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any of the allocated shares for which the restrictions have not been lifted as of the expiration of the restricted period or the date on which the restrictions are lifted. |
| Categories and Number of Persons Covered | Category Directors (excluding outside directors) / Number of Employees 4 / Number of allocated shares 15,000 shares, Category Executive officers who do not concurrently serve as directors / Number of Employees 13 / Number of allocated shares 20,700 shares |
| Total Stock-Based Compensation | Total monetary claims of ¥51,550,800 (the annual compensation limit for eligible directors is ¥60 million) |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
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 enhancing corporate value over the medium to long term and to align the interests of the eligible directors and others with those of shareholders. The number of shares to be disposed of and other details were determined after taking into consideration the purpose of the plan, the Company's business performance, the scope of responsibilities of each eligible director and others, and other relevant factors.
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