Worth reading
53Recurring
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
276100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much276,100Shares
276,100 shares of the Company's common stock (treasury shares)
The Company's directors (excluding outside directors)6 / Performance-linked: 22,100 shares; continued-service: 7,600 shares
The Company's executive officers (excluding non-residents of Japan)Performance-linked: 35; continued-service: 36 / Performance-linked: 68,400 shares; continued-service: 13,800 shares
The Company's employees46 / 55,200 shares
Directors of the company's subsidiariesPerformance-linked: 52; continued-service: 22 / Performance-linked: 70,900 shares; continued-service: 8,100 shares
Executive officers of the company’s subsidiariesPerformance-linked: 22; continued-service: 18 / Performance-linked: 26,400 shares; continued-service: 3,600 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.
¥2,817.5 per share
Total issue value
¥777,911,750
Amount of funds to be raised
Total payment amount: ¥777,911,750; estimated net proceeds: Not disclosed (in-kind contribution of monetary compensation receivables)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥777,911,750. The annual upper limits for compensation receivables for eligible directors are ¥80 million for the performance-linked type and ¥50 million for the continued-service type.
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
Performance-linked: 25 August 2026 to 24 August 2029 (approximately 3 years); continued-service: 25 August 2026 to 24 August 2056 (30 years)
Conditions for lifting transfer restrictions
For the performance-linked type, the restrictions will be lifted at the end of the period for the number of shares determined according to the degree of achievement of consolidated operating profit and other performance targets set in advance by the Board of Directors, provided that the recipient has continuously held the position of director or another designated position during the restriction period. For the continued-service type, the restrictions on all shares held will be lifted at the end of the period, provided that the recipient has continuously held a designated position during the period. If the recipient loses the position for a valid reason, the terms will be reasonably adjusted.
Reason for acquisition without consideration
If the recipient retires before the end of the restriction period for a reason other than a valid reason, or otherwise falls under any of the circumstances stipulated in the relevant allocation agreement. Shares for which the restrictions have not been lifted as of the date on which the restrictions are lifted will also be acquired without consideration.
Stock Split Ratio2-for-1 stock split, effective 1 April 2024 (adjustment of the plan limits)
Categories and Number of Persons Covered
6 of the Company's directors (performance-linked: 22,100 shares; continued-service: 7,600 shares), 35 and 36 of the Company's executive officers, 46 of the Company's employees, 52 and 22 directors of the Company's subsidiaries, and 22 and 18 executive officers of the Company's subsidiaries (the number of shares by type is as stated under the planned recipients).
Intended allottee's holding policy
During the restriction period, the shares may not be transferred, pledged or otherwise disposed of, and will be managed in a dedicated account.
Payment date
25 August 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 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,817.5. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
The plan and the upper limit on compensation receivables were approved at the Annual General Meeting of Shareholders held on 21 June 2019. At the Annual General Meeting of Shareholders held on 25 June 2025, the annual upper limit on compensation receivables for the performance-linked type was approved at ¥80 million or less.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 276,100 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥2,817.5 per share |
| Total issue value | ¥777,911,750 |
| Amount of funds to be raised | Total payment amount: ¥777,911,750; estimated net proceeds: Not disclosed (in-kind contribution of monetary compensation receivables) |
| Payment date | 25 August 2026 |
| Intended allottee | Name The Company's directors (excluding outside directors) / Number of Employees 6 / Number of Shares Performance-linked: 22,100 shares; continued-service: 7,600 shares, Name The Company's executive officers (excluding non-residents of Japan) / Number of Employees Performance-linked: 35; continued-service: 36 / Number of Shares Performance-linked: 68,400 shares; continued-service: 13,800 shares, Name The Company's employees / Number of Employees 46 / Number of Shares 55,200 shares, Name Directors of the company's subsidiaries / Number of Employees Performance-linked: 52; continued-service: 22 / Number of Shares Performance-linked: 70,900 shares; continued-service: 8,100 shares, Name Executive officers of the company’s subsidiaries / Number of Employees Performance-linked: 22; continued-service: 18 / Number of Shares Performance-linked: 26,400 shares; continued-service: 3,600 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred, pledged or otherwise disposed of, and will be managed in a dedicated account. |
| 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 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,817.5. No discount or premium was applied. |
| Transfer restriction period | Performance-linked: 25 August 2026 to 24 August 2029 (approximately 3 years); continued-service: 25 August 2026 to 24 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | For the performance-linked type, the restrictions will be lifted at the end of the period for the number of shares determined according to the degree of achievement of consolidated operating profit and other performance targets set in advance by the Board of Directors, provided that the recipient has continuously held the position of director or another designated position during the restriction period. For the continued-service type, the restrictions on all shares held will be lifted at the end of the period, provided that the recipient has continuously held a designated position during the period. If the recipient loses the position for a valid reason, the terms will be reasonably adjusted. |
| Reason for acquisition without consideration | If the recipient retires before the end of the restriction period for a reason other than a valid reason, or otherwise falls under any of the circumstances stipulated in the relevant allocation agreement. Shares for which the restrictions have not been lifted as of the date on which the restrictions are lifted will also be acquired without consideration. |
| Categories and Number of Persons Covered | 6 of the Company's directors (performance-linked: 22,100 shares; continued-service: 7,600 shares), 35 and 36 of the Company's executive officers, 46 of the Company's employees, 52 and 22 directors of the Company's subsidiaries, and 22 and 18 executive officers of the Company's subsidiaries (the number of shares by type is as stated under the planned recipients). |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥777,911,750. The annual upper limits for compensation receivables for eligible directors are ¥80 million for the performance-linked type and ¥50 million for the continued-service type. |
| Stock Split Ratio | 2-for-1 stock split, effective 1 April 2024 (adjustment of the plan limits) |
| Procedures under the Corporate Code of Conduct | The plan and the upper limit on compensation receivables were approved at the Annual General Meeting of Shareholders held on 21 June 2019. At the Annual General Meeting of Shareholders held on 25 June 2025, the annual upper limit on compensation receivables for the performance-linked type was approved at ¥80 million or less. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 the eligible directors and others with incentives to enhance corporate value over the medium to long term and promote the sharing of value between the directors and shareholders. The Company also considered the purpose of the plan, its business conditions and the scope of the responsibilities of the eligible directors and others.
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.