Worth reading
45Recurring
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
10962
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much10,962Shares
10,962 treasury shares
7 directors of the Company (excluding outside directors)10,962 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,027 per share
Amount of funds to be raised
Total amount of monetary claims: ¥22,219,974 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary claims: ¥22,219,974 (the annual compensation limit is ¥50 million)
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 14 July 2026 to 13 July 2056 (30 years)
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiration of the restriction period, provided that the recipient has continuously held the position of director of the Company throughout the period. If the recipient leaves office upon expiration of the term or for another legitimate reason, some or all of the restrictions will be lifted in accordance with the prescribed calculation method.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any of the allocated shares for which the transfer restrictions have not been lifted at the expiration of the transfer restriction period or when the transfer restrictions are lifted.
Categories and Number of Persons Covered
7 directors of the Company, excluding outside directors: 10,962 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged as collateral or otherwise disposed of. The transfer restriction period runs from 14 July 2026 to 13 July 2056.
Payment date
14 July 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 15 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,027. The discount rate and premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
At the 80th Annual General Meeting of Shareholders held on 17 June 2025, approval was obtained for the payment of monetary claims of up to ¥50 million per year and the issuance or disposal of up to 70,000 common shares per year, among other matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 10,962 treasury shares |
| Issue price and disposal price | ¥2,027 per share |
| Amount of funds to be raised | Total amount of monetary claims: ¥22,219,974 (estimated net proceeds: Not disclosed) |
| Payment date | 14 July 2026 |
| Intended allottee | Name 7 directors of the Company (excluding outside directors) / Number of Shares 10,962 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged as collateral or otherwise disposed of. The transfer restriction period runs from 14 July 2026 to 13 July 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 15 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,027. The discount rate and premium rate are Not disclosed. |
| Transfer restriction period | From 14 July 2026 to 13 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the restriction period, provided that the recipient has continuously held the position of director of the Company throughout the period. If the recipient leaves office upon expiration of the term or for another legitimate reason, some or all of the restrictions will be lifted in accordance with the prescribed calculation method. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any of the allocated shares for which the transfer restrictions have not been lifted at the expiration of the transfer restriction period or when the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | 7 directors of the Company, excluding outside directors: 10,962 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥22,219,974 (the annual compensation limit is ¥50 million) |
| Procedures under the Corporate Code of Conduct | At the 80th Annual General Meeting of Shareholders held on 17 June 2025, approval was obtained for the payment of monetary claims of up to ¥50 million per year and the issuance or disposal of up to 70,000 common shares per year, among other matters. |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 further enhance the motivation of the eligible directors and promote greater sharing of value with shareholders.
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.