Worth reading
49Recurring
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
57000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
発行・処分する株式数57,000Shares
57,000 shares of the Company's common stock (treasury shares)
Intended allottee
Category 6 of the Company's directors, excluding outside directors / Number of Shares 44,800 shares, Category 5 executive officers with titles of the Company / Number of Shares Total number of shares acquired during this period
¥1,202.5 per share
Total issue value
¥68,542,500
Amount of funds to be raised
Total payment amount: ¥68,542,500; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥68,542,500. The annual remuneration limit for directors is ¥120 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
30 years (10 August 2026 to 9 August 2056)
Conditions for lifting transfer restrictions
Provided that the holder remains a director or executive officer with titles until the first annual general meeting of shareholders held after 10 August 2026 (or, for executive officers with titles, until the end of the first fiscal year thereafter), all of the allocated shares held at the end of the period will be released from the transfer restriction. If the holder leaves office before then for a valid reason, part of the restriction will be released based on the number of months in office. No performance or share price conditions are stated.
Reason for acquisition without consideration
If the holder leaves both the position of director and the position of executive officer with titles before the prescribed date, except where the Board of Directors recognizes a valid reason; if the transfer restriction remains in place at the end of the restriction period; or if the transfer restriction remains in place on the business day preceding the effective date of a corporate reorganization or similar transaction.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 6 / Number of allocated shares 44,800 shares, Category Executive officers of the Company with titles / Number of Employees 5 / Number of allocated shares Total number of shares acquired during this period
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged, made subject to a transfer security interest, gifted during the holder's lifetime, bequeathed or otherwise disposed of. The transfer restriction period runs from 10 August 2026 to 9 August 2056.
Payment date
10 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 16 July 2026, ¥1,202.5. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the annual general meeting of shareholders held on 28 June 2018, approval was obtained for the total amount of monetary compensation claims, the maximum number of shares to be allocated, the transfer restriction period and other matters.
Impact on Business Performance
No impact on business results from this disposal of treasury shares is disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 57,000 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,202.5 per share |
| Total issue value | ¥68,542,500 |
| Amount of funds to be raised | Total payment amount: ¥68,542,500; estimated net proceeds: Not disclosed |
| Payment date | 10 August 2026 |
| Intended allottee | Category 6 of the Company's directors, excluding outside directors / Number of Shares 44,800 shares, Category 5 executive officers with titles of the Company / Number of Shares Total number of shares acquired during this period |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged, made subject to a transfer security interest, gifted during the holder's lifetime, bequeathed or otherwise disposed of. The transfer restriction period runs from 10 August 2026 to 9 August 2056. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 16 July 2026, ¥1,202.5. No discount or premium rate is stated. |
| Transfer restriction period | 30 years (10 August 2026 to 9 August 2056) |
| Conditions for lifting transfer restrictions | Provided that the holder remains a director or executive officer with titles until the first annual general meeting of shareholders held after 10 August 2026 (or, for executive officers with titles, until the end of the first fiscal year thereafter), all of the allocated shares held at the end of the period will be released from the transfer restriction. If the holder leaves office before then for a valid reason, part of the restriction will be released based on the number of months in office. No performance or share price conditions are stated. |
| Reason for acquisition without consideration | If the holder leaves both the position of director and the position of executive officer with titles before the prescribed date, except where the Board of Directors recognizes a valid reason; if the transfer restriction remains in place at the end of the restriction period; or if the transfer restriction remains in place on the business day preceding the effective date of a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 6 / Number of allocated shares 44,800 shares, Category Executive officers of the Company with titles / Number of Employees 5 / Number of allocated shares Total number of shares acquired during this period |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥68,542,500. The annual remuneration limit for directors is ¥120 million. |
| Procedures under the Corporate Code of Conduct | At the annual general meeting of shareholders held on 28 June 2018, approval was obtained for the total amount of monetary compensation claims, the maximum number of shares to be allocated, the transfer restriction period and other matters. |
| Impact on Business Performance | No impact on business results from this disposal of treasury shares is disclosed. |
Items this document does not state (12)
Estimated 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 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 align the interests of directors and executive officers with titles with shareholders by having them share the benefits and risks of share price movements, and to increase their incentive to contribute to share price appreciation and the enhancement of corporate value.
How to read this page
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