Worth reading
50Recurring
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
29100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much29,100Shares
Number of shares to be issued/disposed of: 29,100 treasury shares
3 directors (excluding outside directors and directors who are Audit and Supervisory Committee members)29,100 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,024 per share
Total issue value
¥58,898,400
Amount of funds to be raised
In-kind contribution of monetary compensation claims totaling ¥58,898,400. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Monetary compensation claims totaling ¥58,898,400. The total annual compensation under the plan is capped at ¥400 million.
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
Not applicable (disposal of treasury shares)
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 23 October 2026 through 22 October 2056 (30 years)
Conditions for lifting transfer restrictions
All of the shares held at the end of the transfer restriction period will be released from the restrictions, provided that the director remains in office through the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period. In the event of retirement for a valid reason, the number of shares to be released will be adjusted reasonably based on the period in office.
Reason for acquisition without consideration
If the director retires without a valid reason by the day preceding the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period. Also, if any shares remain subject to transfer restrictions at the end of the period, or if any shares remain subject to transfer restrictions on the business day preceding the effective date of a corporate reorganisation or other similar event.
Categories and Number of Persons Covered
3 directors (excluding outside directors and directors who are Audit and Supervisory Committee members), 29,100 shares
Intended allottee's holding policy
The shares are to be held on a long-term, stable basis and to promote value sharing with shareholders. All transfers and other dispositions will be restricted from 23 October 2026 through 22 October 2056.
Payment date
23 October 2026
Basis for determining the amount to be paid
Closing price of the company's common shares on the Tokyo Stock Exchange on 24 September 2026, the business day preceding the date of the Board of Directors' resolution: ¥2,024. Discount rate/premium rate: Not applicable
Procedures under the Corporate Code of Conduct
Approval to continue the plan and related matters was obtained at the 14th annual general meeting of shareholders held on 21 September 2018 and the 19th annual general meeting of shareholders held on 26 September 2023
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | Number of shares to be issued/disposed of: 29,100 treasury shares |
| Issue price and disposal price | ¥2,024 per share |
| Total issue value | ¥58,898,400 |
| Amount of funds to be raised | In-kind contribution of monetary compensation claims totaling ¥58,898,400. Estimated net proceeds: Not disclosed |
| Payment date | 23 October 2026 |
| Intended allottee | Name 3 directors (excluding outside directors and directors who are Audit and Supervisory Committee members) / Number of Shares 29,100 shares |
| Intended allottee's holding policy | The shares are to be held on a long-term, stable basis and to promote value sharing with shareholders. All transfers and other dispositions will be restricted from 23 October 2026 through 22 October 2056. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | Closing price of the company's common shares on the Tokyo Stock Exchange on 24 September 2026, the business day preceding the date of the Board of Directors' resolution: ¥2,024. Discount rate/premium rate: Not applicable |
| Transfer restriction period | From 23 October 2026 through 22 October 2056 (30 years) |
| Conditions for lifting transfer restrictions | All of the shares held at the end of the transfer restriction period will be released from the restrictions, provided that the director remains in office through the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period. In the event of retirement for a valid reason, the number of shares to be released will be adjusted reasonably based on the period in office. |
| Reason for acquisition without consideration | If the director retires without a valid reason by the day preceding the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period. Also, if any shares remain subject to transfer restrictions at the end of the period, or if any shares remain subject to transfer restrictions on the business day preceding the effective date of a corporate reorganisation or other similar event. |
| Categories and Number of Persons Covered | 3 directors (excluding outside directors and directors who are Audit and Supervisory Committee members), 29,100 shares |
| Total Stock-Based Compensation | Monetary compensation claims totaling ¥58,898,400. The total annual compensation under the plan is capped at ¥400 million. |
| Procedures under the Corporate Code of Conduct | Approval to continue the plan and related matters was obtained at the 14th annual general meeting of shareholders held on 21 September 2018 and the 19th annual general meeting of shareholders held on 26 September 2023 |
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 encourage directors to hold the company's shares on a long-term, stable basis, provide incentives for the sustained enhancement of the corporate value of the company group, and further promote value sharing 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.