Details of issuance or disposal
Disposal of treasury shares in connection with the continuation of the performance-linked share-based compensation plan (executive compensation BIP trust)
169,000 common shares (treasury shares)
¥315,861,000
0.28% of the total number of issued shares and 0.31% of the 541,487 total voting rights as of 28 February 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.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares in connection with the continuation of the performance-linked share-based compensation plan (executive compensation BIP trust) |
| Number of shares to be issued or disposed of | 169,000 common shares (treasury shares) |
| Issue price and disposal price | ¥1,869 per share |
| Total issue value | ¥315,861,000 |
| Payment date | 30 July 2026 |
| Intended allottee | The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account) |
| Intended allottee's holding policy | The shares will be delivered to the eligible directors in accordance with the share delivery rules. They are not expected to enter the stock market all at once. |
| Dilution Rate | 0.28% of the total number of issued shares and 0.31% of the 541,487 total voting rights as of 28 February 2026 |
| Basis for determining the amount to be paid | The closing price of the Company's shares on the Tokyo Stock Exchange on 9 July 2026, ¥1,869. No discount or premium applies. |
| Categories and Number of Persons Covered | Eligible directors (excluding outside directors). The number of eligible directors and the breakdown of shares allocated are Not disclosed. |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is less than 25% and there will be no change in the controlling shareholder, it is not necessary to obtain an opinion from an independent third party or confirm shareholders' intentions under Article 432 of the Tokyo Stock Exchange's Securities Listing Regulations. All 4 Audit & Supervisory Committee members, including 3 outside directors, expressed the opinion that the disposal price is reasonable and is not a particularly favorable disposal price. |
Items this document does not state (17)
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 further promote the sharing of value between the eligible directors and shareholders and maximize the Company's social and economic value. The shares will be delivered to the eligible directors in accordance with the share delivery rules and are not expected to enter the market all at once. Accordingly, the Company has determined that the impact on the stock market will be minor and that the number of shares disposed of and the scale of dilution are reasonable.