Worth reading
55In focus
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
460400
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares by third-party allotment (Employee Stock Ownership Plan Trust-Type ESOP)
発行・処分する株式数460,400Shares
460,400 treasury common shares
Intended allottee
Sumitomo Mitsui Trust Bank, Limited (trust account) (re-trustee: Japan Custody Bank, Ltd. (trust account))
¥3,015 per share
Amount of funds to be raised
Total payment amount: ¥1,388,106,000; estimated net proceeds: Not disclosed
発行済株式総数
Approximately 3.72% of the total number of issued shares and approximately 3.88% of the total number of voting rights
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.
Payment date
5 June 2026
Basis for determining the amount to be paid
The closing price on the Tokyo Stock Exchange on 14 May 2026 was ¥3,015. This represents a discount of 2.05% from the average closing price of ¥3,078 for the most recent one-month period, a discount of 2.62% from the average of ¥3,096 for the most recent three-month period, and a discount of 3.49% from the average of ¥3,124 for the most recent six-month period.
Procedures under the Corporate Code of Conduct
Because the dilution rate is less than 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholders’ intentions are not required.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares by third-party allotment (Employee Stock Ownership Plan Trust-Type ESOP) |
| Number of shares to be issued or disposed of | 460,400 treasury common shares |
| Issue price and disposal price | ¥3,015 per share |
| Amount of funds to be raised | Total payment amount: ¥1,388,106,000; estimated net proceeds: Not disclosed |
| Payment date | 5 June 2026 |
| Intended allottee | Sumitomo Mitsui Trust Bank, Limited (trust account) (re-trustee: Japan Custody Bank, Ltd. (trust account)) |
| Dilution Rate | Approximately 3.72% of the total number of issued shares and approximately 3.88% of the total number of voting rights |
| Total number of issued shares | 12,359,740 shares → Not disclosed |
| Basis for determining the amount to be paid | The closing price on the Tokyo Stock Exchange on 14 May 2026 was ¥3,015. This represents a discount of 2.05% from the average closing price of ¥3,078 for the most recent one-month period, a discount of 2.62% from the average of ¥3,096 for the most recent three-month period, and a discount of 3.49% from the average of ¥3,124 for the most recent six-month period. |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is less than 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholders’ intentions are not required. |
Items this document does not state (18)
Total issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
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 revitalize the employee stock ownership plan and promote employees’ stable asset formation, while strengthening their awareness of participation in the Company’s management and their incentives to improve performance, thereby enhancing corporate value over the medium to long term.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.