Worth reading
40Recurring
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
16684
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much16,684Shares
16,684 shares of the Company's common stock (treasury shares)
Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members)4 / 7,794 shares
The Company's executive officers9 / 8,890 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.
¥4,715 per share
Total issue value
¥78,665,060
Amount of funds to be raised
Total amount to be paid: ¥78,665,060 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥78,665,060
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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 7 July 2026 through 6 July 2056 (30 years)
Conditions for lifting transfer restrictions
In principle, all of the allocated shares held at the end of the restriction period will be released from the restrictions, provided that the holder remains a director or executive officer through the date of the first annual general meeting of shareholders held after the start of the restriction period (or, for executive officers, the last day of the first fiscal year to occur). If the holder retires for a valid reason, part of the restrictions will be released in proportion to the period of service.
Reason for acquisition without consideration
If the holder retires from both the position of director and the position of executive officer without a valid reason before the prescribed date, if the restrictions have not been released at the end of the restriction period, or if the restrictions are not released in connection with a corporate reorganization or similar event.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 4 / Number of allocated shares 7,794 shares, Category The Company's executive officers / Number of Employees 9 / Number of allocated shares 8,890 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred to any third party, pledged, made subject to a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of. The restriction period runs from 7 July 2026 through 6 July 2056, for a period of 30 years.
Payment date
7 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 18 June 2026, which was ¥4,715. No discount or premium rate is stated.
Impact on Business Performance
No impact of this disposal of treasury shares on results for the fiscal year ending March 2027 is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 16,684 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥4,715 per share |
| Total issue value | ¥78,665,060 |
| Amount of funds to be raised | Total amount to be paid: ¥78,665,060 (estimated net proceeds: Not disclosed) |
| Payment date | 7 July 2026 |
| Intended allottee | Name Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 4 / Number of Shares 7,794 shares, Name The Company's executive officers / Number of Employees 9 / Number of Shares 8,890 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred to any third party, pledged, made subject to a security interest by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of. The restriction period runs from 7 July 2026 through 6 July 2056, for a period of 30 years. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| 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 common stock on the Tokyo Stock Exchange on 18 June 2026, which was ¥4,715. No discount or premium rate is stated. |
| Transfer restriction period | From 7 July 2026 through 6 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | In principle, all of the allocated shares held at the end of the restriction period will be released from the restrictions, provided that the holder remains a director or executive officer through the date of the first annual general meeting of shareholders held after the start of the restriction period (or, for executive officers, the last day of the first fiscal year to occur). If the holder retires for a valid reason, part of the restrictions will be released in proportion to the period of service. |
| Reason for acquisition without consideration | If the holder retires from both the position of director and the position of executive officer without a valid reason before the prescribed date, if the restrictions have not been released at the end of the restriction period, or if the restrictions are not released in connection with a corporate reorganization or similar event. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 4 / Number of allocated shares 7,794 shares, Category The Company's executive officers / Number of Employees 9 / Number of allocated shares 8,890 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥78,665,060 |
| Impact on Business Performance | No impact of this disposal of treasury shares on results for the fiscal year ending March 2027 is stated. |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 shareholders by sharing the benefits and risks of share price fluctuations, and to increase their motivation to contribute to higher share prices and greater corporate value. The Company states that setting a long restriction period is intended to achieve this objective for as long as possible.
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