Worth reading
47Recurring
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
200000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares in connection with the introduction of a performance-linked stock compensation plan
Who receives how much200,000Shares
200,000 common shares (treasury shares)
The Japan Custody Bank, Ltd. (Trust E Account): 200,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,735 per share
Total issue value
¥747,000,000
発行済株式総数
0.65% (based on 30,865,469 issued shares and 305,359 total 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.
Categories and Number of Persons Covered
Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) and executive officers. The number of eligible persons and the number of shares allocated by category are Not disclosed.
Intended allottee's holding policy
This is a trust account established to hold and dispose of the Company's shares for the operation of the plan, and the shares will be used for delivery to directors and other eligible persons.
Payment date
27 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, ¥3,735. No discount or premium.
Procedures under the Corporate Code of Conduct
Approved as executive compensation at the 20th Annual General Meeting of Shareholders held on 24 June 2026. A third party with no relationship of interest with the Company was selected as the trust administrator.
Most recent equity financing
Timing 12 May 2026 / Type Disclosure regarding the introduction of a performance-linked share compensation plan / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares in connection with the introduction of a performance-linked stock compensation plan |
| Number of shares to be issued or disposed of | 200,000 common shares (treasury shares) |
| Issue price and disposal price | ¥3,735 per share |
| Total issue value | ¥747,000,000 |
| Payment date | 27 August 2026 |
| Intended allottee | The Japan Custody Bank, Ltd. (Trust E Account): 200,000 shares |
| Intended allottee's holding policy | This is a trust account established to hold and dispose of the Company's shares for the operation of the plan, and the shares will be used for delivery to directors and other eligible persons. |
| Dilution Rate | 0.65% (based on 30,865,469 issued shares and 305,359 total voting rights) |
| Total number of issued shares | 30,865,469 shares → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, ¥3,735. No discount or premium. |
| Categories and Number of Persons Covered | Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) and executive officers. The number of eligible persons and the number of shares allocated by category are Not disclosed. |
| Procedures under the Corporate Code of Conduct | Approved as executive compensation at the 20th Annual General Meeting of Shareholders held on 24 June 2026. A third party with no relationship of interest with the Company was selected as the trust administrator. |
| Most recent equity financing | Timing 12 May 2026 / Type Disclosure regarding the introduction of a performance-linked share compensation plan / Amount Not disclosed |
Items this document does not state (15)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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 secure the shares expected to be delivered to directors and other eligible persons during the trust period under the performance-linked share compensation plan. The number of shares to be disposed of corresponds to 5 fiscal years, and the Company considers the resulting scale of dilution reasonable in light of the purpose of the plan.
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.