Worth reading
47Recurring
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
0.11
% (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 as stock compensation
発行・処分する株式数68,600Shares
Treasury shares, common stock, 68,600 shares
Intended allottee
The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account)
¥2,382 per share
Total issue value
¥163,405,200
発行済株式総数
0.11% (as a percentage of total shares issued; also 0.11% as a percentage of the 632,875 total voting rights as of 30 September 2026)
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
Directors, excluding outside directors and non-residents. The breakdown of the number of recipients and shares allocated is Not disclosed.
Intended allottee's holding policy
The Company’s shares allocated through this treasury share disposal will be delivered to the directors in accordance with the share delivery rules. No voting rights will be exercised.
Basis for determining the amount to be paid
The closing price of the Company’s shares on the Tokyo Stock Exchange on 12 November 2026 was ¥2,382. This was the market price immediately before the Board of Directors’ resolution and was considered highly objective and reasonable. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
Because the dilution ratio is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholder intent are unnecessary. All 4 Audit & Supervisory Board Members, including 2 outside Audit & Supervisory Board Members, expressed the opinion that the basis for calculating the transfer price is reasonable and that the price does not constitute a particularly favorable transfer price.
Impact on Business Performance
The impact on the stock market is expected to be minor. The number of shares transferred and the scale of dilution are considered reasonable.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as stock compensation |
| Number of shares to be issued or disposed of | Treasury shares, common stock, 68,600 shares |
| Issue price and disposal price | ¥2,382 per share |
| Total issue value | ¥163,405,200 |
| Intended allottee | The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account) |
| Intended allottee's holding policy | The Company’s shares allocated through this treasury share disposal will be delivered to the directors in accordance with the share delivery rules. No voting rights will be exercised. |
| Dilution Rate | 0.11% (as a percentage of total shares issued; also 0.11% as a percentage of the 632,875 total voting rights as of 30 September 2026) |
| Basis for determining the amount to be paid | The closing price of the Company’s shares on the Tokyo Stock Exchange on 12 November 2026 was ¥2,382. This was the market price immediately before the Board of Directors’ resolution and was considered highly objective and reasonable. No discount or premium rate was stated. |
| Categories and Number of Persons Covered | Directors, excluding outside directors and non-residents. The breakdown of the number of recipients and shares allocated is Not disclosed. |
| Procedures under the Corporate Code of Conduct | Because the dilution ratio is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholder intent are unnecessary. All 4 Audit & Supervisory Board Members, including 2 outside Audit & Supervisory Board Members, expressed the opinion that the basis for calculating the transfer price is reasonable and that the price does not constitute a particularly favorable transfer price. |
| Impact on Business Performance | The impact on the stock market is expected to be minor. The number of shares transferred and the scale of dilution are considered reasonable. |
Items this document does not state (17)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateTotal number of issued sharesExercise 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 clarify the link between directors’ compensation and business performance and share value, and to raise awareness of the contribution to improving business performance and increasing corporate value over the medium to long term. In addition, because the shares will be delivered in accordance with the share delivery rules and will not enter the market all at once, the impact on the stock market is expected to be minor, and the number of shares transferred and the scale of dilution are considered reasonable.
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.