Worth reading
42Recurring
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
22830
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
22,830 common shares of the Company (16,830 shares for 8 directors and 6,000 shares for 33 employees)
The Company's directors (excluding directors who are Audit & Supervisory Committee Members)8 independent officers / 16,830 shares
Employees of the Company33 / 6,000 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.
¥1,010 per share
Total issue value
¥23,058,300
Amount of funds to be raised
As the shares will be issued through a contribution in kind of monetary compensation claims, the total amount payable is ¥23,058,300, and the estimated net proceeds are Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims of ¥23,058,300. Monetary compensation claims granted to the eligible directors are capped at ¥50 million per year.
Specific use of funds
not disclosed (this is not a cash financing transaction; the consideration consists of an in-kind contribution of monetary compensation claims)
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
Directors: 23 April 2026 to 21 April 2056. Employees: 23 April 2026 to 22 April 2027.
Conditions for lifting transfer restrictions
Provided that each allottee continuously remains a director or employee of the Company throughout the transfer restriction period, all of the allotted shares held at the end of the period will have their transfer restrictions lifted. If an allottee retires as a director or leaves the Company before the end of the period, the timing of the lifting of restrictions and the number of shares will be reasonably adjusted.
Reason for acquisition without consideration
The Company will acquire for no consideration the shares whose transfer restrictions have not been lifted at the end of the transfer restriction period, as well as the prescribed number of shares if an event triggering acquisition for no consideration under the relevant allotment agreement occurs during the transfer restriction period.
Categories and Number of Persons Covered
Category The Company's directors (excluding directors who are Audit & Supervisory Committee Members) / Number of Employees 8 independent officers / Number of allocated shares 16,830 shares, Category Employees of the Company / Number of Employees 33 / Number of allocated shares 6,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. During this period, they will be managed in dedicated accounts at SMBC Nikko Securities Inc.
Payment date
23 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 26 March 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥1,010. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the annual general meeting of shareholders held on 30 March 2021, approval was obtained to introduce the scheme for eligible directors and to establish the applicable limits for monetary compensation claims and share grants.
Impact on Business Performance
The impact of this disposal of treasury shares on financial results is 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 | 22,830 common shares of the Company (16,830 shares for 8 directors and 6,000 shares for 33 employees) |
| Issue price and disposal price | ¥1,010 per share |
| Total issue value | ¥23,058,300 |
| Amount of funds to be raised | As the shares will be issued through a contribution in kind of monetary compensation claims, the total amount payable is ¥23,058,300, and the estimated net proceeds are Not disclosed |
| Specific use of funds | not disclosed (this is not a cash financing transaction; the consideration consists of an in-kind contribution of monetary compensation claims) |
| Payment date | 23 April 2026 |
| Intended allottee | Category The Company's directors (excluding directors who are Audit & Supervisory Committee Members) / Number of Employees 8 independent officers / Number of Shares 16,830 shares, Category Employees of the Company / Number of Employees 33 / Number of Shares 6,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. During this period, they will be managed in dedicated accounts at SMBC Nikko Securities Inc. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 26 March 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥1,010. No discount or premium rate is stated. |
| Transfer restriction period | Directors: 23 April 2026 to 21 April 2056. Employees: 23 April 2026 to 22 April 2027. |
| Conditions for lifting transfer restrictions | Provided that each allottee continuously remains a director or employee of the Company throughout the transfer restriction period, all of the allotted shares held at the end of the period will have their transfer restrictions lifted. If an allottee retires as a director or leaves the Company before the end of the period, the timing of the lifting of restrictions and the number of shares will be reasonably adjusted. |
| Reason for acquisition without consideration | The Company will acquire for no consideration the shares whose transfer restrictions have not been lifted at the end of the transfer restriction period, as well as the prescribed number of shares if an event triggering acquisition for no consideration under the relevant allotment agreement occurs during the transfer restriction period. |
| Categories and Number of Persons Covered | Category The Company's directors (excluding directors who are Audit & Supervisory Committee Members) / Number of Employees 8 independent officers / Number of allocated shares 16,830 shares, Category Employees of the Company / Number of Employees 33 / Number of allocated shares 6,000 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥23,058,300. Monetary compensation claims granted to the eligible directors are capped at ¥50 million per year. |
| Procedures under the Corporate Code of Conduct | At the annual general meeting of shareholders held on 30 March 2021, approval was obtained to introduce the scheme for eligible directors and to establish the applicable limits for monetary compensation claims and share grants. |
| Impact on Business Performance | The impact of this disposal of treasury shares on financial results is Not disclosed. |
Items this document does not state (11)
Estimated issuance expensesDilution 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.The purpose is to provide directors with incentives for the sustained enhancement of corporate value and to promote the sharing of value with shareholders. For employees, the purpose is to enhance employee benefits, foster a sense of unity, promote the sharing of value with shareholders, and increase motivation to enhance corporate value.
How to read this page
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