Worth reading
46Recurring
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
4292400
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of Treasury Shares Through a Third-Party Allotment
Who receives how much4,292,400Shares
Treasury shares: 4,292,400 common shares
The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account 76127)410,300 shares
The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account 76128)151,800 shares
The Master Trust Bank of Japan, Ltd. (Stock Grant ESOP Trust Account 76129)3,730,300 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.
¥260 per share
Total issue value
¥1,116,024,000
Amount of funds to be raised
Total amount to be paid in: ¥1,116,024,000; estimated net proceeds: Not disclosed
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
0.19% (as a percentage of the 22,516,331 total voting rights as of 31 March 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 and other officers, directors of subsidiaries of the Company’s Group, and senior employees of the Company and its Group subsidiaries (the breakdown by participant category of the number of participants and shares allotted is Not disclosed)
Intended allottee's holding policy
The shares allotted to each trust will be delivered to scheme participants in accordance with the share grant rules. The shares are not expected to enter the stock market all at once.
Payment date
27 August 2026
Basis for determining the amount to be paid
The closing price of the Company’s shares on the Tokyo Stock Exchange on 6 August 2026 was ¥260. The discount and premium rates are both 0%.
Procedures under the Corporate Code of Conduct
Because the dilution ratio is less than 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 not required. The Audit and Supervisory Committee (comprising 3 outside directors) has stated its opinion that the payment amount does not constitute a particularly favorable amount.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of Treasury Shares Through a Third-Party Allotment |
| Number of shares to be issued or disposed of | Treasury shares: 4,292,400 common shares |
| Issue price and disposal price | ¥260 per share |
| Total issue value | ¥1,116,024,000 |
| Amount of funds to be raised | Total amount to be paid in: ¥1,116,024,000; estimated net proceeds: Not disclosed |
| Payment date | 27 August 2026 |
| Intended allottee | Name The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account 76127) / Number of Shares 410,300 shares, Name The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account 76128) / Number of Shares 151,800 shares, Name The Master Trust Bank of Japan, Ltd. (Stock Grant ESOP Trust Account 76129) / Number of Shares 3,730,300 shares |
| Intended allottee's holding policy | The shares allotted to each trust will be delivered to scheme participants in accordance with the share grant rules. The shares are not expected to enter the stock market all at once. |
| Dilution Rate | 0.19% (as a percentage of the 22,516,331 total voting rights as of 31 March 2026) |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company’s shares on the Tokyo Stock Exchange on 6 August 2026 was ¥260. The discount and premium rates are both 0%. |
| Categories and Number of Persons Covered | Directors and other officers, directors of subsidiaries of the Company’s Group, and senior employees of the Company and its Group subsidiaries (the breakdown by participant category of the number of participants and shares allotted is Not disclosed) |
| Procedures under the Corporate Code of Conduct | Because the dilution ratio is less than 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 not required. The Audit and Supervisory Committee (comprising 3 outside directors) has stated its opinion that the payment amount does not constitute a particularly favorable amount. |
Items this document does not state (15)
Estimated issuance expensesSpecific use of fundsExercise 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 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 continue the share-based compensation scheme and share grant scheme, with certain revisions to their terms, for the three consecutive fiscal years beginning with the fiscal year ending 31 March 2027.
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