Worth reading
52Recurring
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
25500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much25,500Shares
25,500 common shares of the Company (treasury shares)
2 of the Company's directors (excluding directors who are Audit & Supervisory Committee members and outside directors)25,500 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥856 per share
Total issue value
¥21,828,000
Amount of funds to be raised
No cash proceeds will be raised because the full amount of these monetary claims will be contributed in kind. There will also be no estimated net proceeds.
Total Stock-Based Compensation
These monetary claims: ¥21,828,000
発行済株式総数
No increase (disposal of treasury shares)
As this is a disposal of treasury shares, the total number of issued shares will not increase
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.
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 13 April 2026 until immediately after the recipient ceases to hold any position as a director, executive officer, executive officer not concurrently serving as a director, corporate auditor or employee of the Company or any of its subsidiaries.
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a designated position with the Company or one of its subsidiaries throughout the service provision period, the transfer restrictions on all of the allocated shares will be released upon expiration of the transfer restriction period. If the recipient ceases to hold office or leaves employment due to expiration of the term of office or another legitimate reason, the transfer restrictions will be released immediately thereafter with respect to the number of shares corresponding to the number of months of service.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any allocated shares whose transfer restrictions have not been released as of the expiration of the transfer restriction period or the time of release of the transfer restrictions.
Categories and Number of Persons Covered
2 directors of the Company, excluding directors who are Audit & Supervisory Committee members and outside directors; 25,500 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to third parties, pledged as collateral or otherwise disposed of in any way. The shares will be managed in a designated account.
Payment date
13 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 25 March 2025 was ¥856. The disposal price was set at the closing price on the immediately preceding business day.
Procedures under the Corporate Code of Conduct
The matter was referred for consultation to the Independent Officers Meeting composed of independent officers designated by the Tokyo Stock Exchange.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 25,500 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥856 per share |
| Total issue value | ¥21,828,000 |
| Amount of funds to be raised | No cash proceeds will be raised because the full amount of these monetary claims will be contributed in kind. There will also be no estimated net proceeds. |
| Payment date | 13 April 2026 |
| Intended allottee | Name 2 of the Company's directors (excluding directors who are Audit & Supervisory Committee members and outside directors) / Number of Shares 25,500 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to third parties, pledged as collateral or otherwise disposed of in any way. The shares will be managed in a designated account. |
| Dilution Rate | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Total number of issued shares | No increase (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 25 March 2025 was ¥856. The disposal price was set at the closing price on the immediately preceding business day. |
| Transfer restriction period | From 13 April 2026 until immediately after the recipient ceases to hold any position as a director, executive officer, executive officer not concurrently serving as a director, corporate auditor or employee of the Company or any of its subsidiaries. |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a designated position with the Company or one of its subsidiaries throughout the service provision period, the transfer restrictions on all of the allocated shares will be released upon expiration of the transfer restriction period. If the recipient ceases to hold office or leaves employment due to expiration of the term of office or another legitimate reason, the transfer restrictions will be released immediately thereafter with respect to the number of shares corresponding to the number of months of service. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any allocated shares whose transfer restrictions have not been released as of the expiration of the transfer restriction period or the time of release of the transfer restrictions. |
| Categories and Number of Persons Covered | 2 directors of the Company, excluding directors who are Audit & Supervisory Committee members and outside directors; 25,500 shares |
| Total Stock-Based Compensation | These monetary claims: ¥21,828,000 |
| Procedures under the Corporate Code of Conduct | The matter was referred for consultation to the Independent Officers Meeting composed of independent officers designated by the Tokyo Stock Exchange. |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise 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 provide the eligible directors with an incentive to achieve sustained growth in corporate value and promote value sharing with shareholders. The Company will also grant stock-based compensation as an incentive to create shareholder value.
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.