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
109032
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much109,032Shares
109,032 common shares of the Company (treasury shares)
Directors of the Company (excluding directors who are Audit and Supervisory Committee members)13 / 109,032 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥520 per share
Amount of funds to be raised
The total amount of monetary claims of ¥56,696,640 will be contributed in kind. The estimated net proceeds are Not disclosed.
Total Stock-Based Compensation
Total monetary claims of ¥56,696,640
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 24 July 2026 through 23 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the recipient has continuously held one of the following positions during the transfer restriction period, all transfer restrictions will be lifted upon expiration of the transfer restriction period: director or executive officer of the Company or one of its subsidiaries, executive officer who does not concurrently serve as a director, corporate auditor, adviser, counselor, employee, or any other equivalent position. If the recipient retires or leaves the Company upon expiration of the term of office, mandatory retirement, or for another legitimate reason, the transfer restrictions will be lifted immediately after retirement or departure with respect to the number of shares corresponding to the period of service.
Reason for acquisition without consideration
If the recipient engages in an act that violates laws or regulations during the transfer restriction period or falls under any other specified event set forth in the restricted stock allotment agreement, the Company will acquire all of the allotted shares held by the recipient without consideration. The Company will also acquire without consideration all shares for which the transfer restrictions have not been lifted as of the date on which the transfer restrictions are lifted.
Stock Split RatioThree common shares for each common share; effective date: 1 July 2024
Categories and Number of Persons Covered
13 directors of the Company, excluding directors who are Audit and Supervisory Committee members; 109,032 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
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 25 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥520. The Company explains that this does not constitute an especially favorable price. The discount rate and premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
The matter was deliberated by the Nomination and Compensation Committee, a voluntary advisory body composed of a majority of independent outside directors.
Impact on Business Performance
No disclosure has been made regarding the impact on financial results: Not 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 | 109,032 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥520 per share |
| Amount of funds to be raised | The total amount of monetary claims of ¥56,696,640 will be contributed in kind. The estimated net proceeds are Not disclosed. |
| Payment date | 24 July 2026 |
| Intended allottee | Name Directors of the Company (excluding directors who are Audit and Supervisory Committee members) / Number of Employees 13 / Number of Shares 109,032 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. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 25 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥520. The Company explains that this does not constitute an especially favorable price. The discount rate and premium rate are Not disclosed. |
| Transfer restriction period | From 24 July 2026 through 23 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient has continuously held one of the following positions during the transfer restriction period, all transfer restrictions will be lifted upon expiration of the transfer restriction period: director or executive officer of the Company or one of its subsidiaries, executive officer who does not concurrently serve as a director, corporate auditor, adviser, counselor, employee, or any other equivalent position. If the recipient retires or leaves the Company upon expiration of the term of office, mandatory retirement, or for another legitimate reason, the transfer restrictions will be lifted immediately after retirement or departure with respect to the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If the recipient engages in an act that violates laws or regulations during the transfer restriction period or falls under any other specified event set forth in the restricted stock allotment agreement, the Company will acquire all of the allotted shares held by the recipient without consideration. The Company will also acquire without consideration all shares for which the transfer restrictions have not been lifted as of the date on which the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | 13 directors of the Company, excluding directors who are Audit and Supervisory Committee members; 109,032 shares |
| Total Stock-Based Compensation | Total monetary claims of ¥56,696,640 |
| Stock Split Ratio | Three common shares for each common share; effective date: 1 July 2024 |
| Procedures under the Corporate Code of Conduct | The matter was deliberated by the Nomination and Compensation Committee, a voluntary advisory body composed of a majority of independent outside directors. |
| Impact on Business Performance | No disclosure has been made regarding the impact on financial results: Not disclosed |
Items this document does not state (12)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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.The purpose is to provide incentives for the sustained enhancement of corporate value, share value with shareholders, share shareholder value over the medium to long term, and further increase the motivation of the eligible directors.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.