Worth reading
49Recurring
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
8400
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much8,400Shares
8,400 shares of the Company's common stock (treasury shares)
3 directors of the Company (excluding outside directors and part-time directors)3,200 shares
1 executive officer of the Company who does not concurrently serve as a director200 shares
7 directors of the Company's subsidiaries (excluding outside directors and part-time directors)1,800 shares
16 executive officers of the Company's subsidiaries who do not concurrently serve as directors3,200 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.
¥2,650 per share
Total issue value
¥22,260,000
Amount of funds to be raised
Total payment amount: ¥22,260,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary receivables: ¥22,260,000
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 14 May 2026 until immediately after the recipient ceases to hold any position as a director or as an executive officer who does not concurrently serve as a director of the Company or an eligible subsidiary
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds either a position as a director or as an executive officer who does not concurrently serve as a director of the Company or an eligible subsidiary throughout the service provision period, all transfer restrictions will be lifted upon expiration of the restricted transfer period. In the event of retirement from office or employment due to expiration of the term of office, mandatory retirement or another legitimate reason, the transfer restrictions on the number of shares corresponding to the period of service will be lifted immediately after retirement from office or employment.
Reason for acquisition without consideration
If, during the restricted transfer period, a recipient engages in a violation of laws or regulations or falls under any other specified event set forth in the relevant allocation agreement, all shares will be acquired without consideration. Shares for which the transfer restrictions have not been lifted at the expiration of the restricted transfer period or when the restrictions are otherwise lifted will also be acquired without consideration.
Stock Split Ratio2 shares for each 1 share; effective date: 21 January 2024
Categories and Number of Persons Covered
3 directors of the Company: 200 shares; 1 executive officer of the Company who does not concurrently serve as a director: 200 shares; 7 directors of the Company's subsidiaries: 1,800 shares; 16 executive officers of the Company's subsidiaries who do not concurrently serve as directors: 3,200 shares
Intended allottee's holding policy
During the restricted transfer period, recipients are prohibited from transferring the shares to third parties, creating security interests over them or otherwise disposing of them in any manner.
Payment date
14 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 14 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,650. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
The matter was referred to the Nomination and Compensation Committee for consultation. Obtaining an opinion from another independent third party and confirming shareholders' intentions: 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 | 8,400 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥2,650 per share |
| Total issue value | ¥22,260,000 |
| Amount of funds to be raised | Total payment amount: ¥22,260,000; estimated net proceeds: Not disclosed |
| Payment date | 14 May 2026 |
| Intended allottee | Name 3 directors of the Company (excluding outside directors and part-time directors) / Number of Shares 3,200 shares, Name 1 executive officer of the Company who does not concurrently serve as a director / Number of Shares 200 shares, Name 7 directors of the Company's subsidiaries (excluding outside directors and part-time directors) / Number of Shares 1,800 shares, Name 16 executive officers of the Company's subsidiaries who do not concurrently serve as directors / Number of Shares 3,200 shares |
| Intended allottee's holding policy | During the restricted transfer period, recipients are prohibited from transferring the shares to third parties, creating security interests over them or otherwise disposing of them in any manner. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 14 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,650. No discount or premium was stated. |
| Transfer restriction period | From 14 May 2026 until immediately after the recipient ceases to hold any position as a director or as an executive officer who does not concurrently serve as a director of the Company or an eligible subsidiary |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds either a position as a director or as an executive officer who does not concurrently serve as a director of the Company or an eligible subsidiary throughout the service provision period, all transfer restrictions will be lifted upon expiration of the restricted transfer period. In the event of retirement from office or employment due to expiration of the term of office, mandatory retirement or another legitimate reason, the transfer restrictions on the number of shares corresponding to the period of service will be lifted immediately after retirement from office or employment. |
| Reason for acquisition without consideration | If, during the restricted transfer period, a recipient engages in a violation of laws or regulations or falls under any other specified event set forth in the relevant allocation agreement, all shares will be acquired without consideration. Shares for which the transfer restrictions have not been lifted at the expiration of the restricted transfer period or when the restrictions are otherwise lifted will also be acquired without consideration. |
| Categories and Number of Persons Covered | 3 directors of the Company: 200 shares; 1 executive officer of the Company who does not concurrently serve as a director: 200 shares; 7 directors of the Company's subsidiaries: 1,800 shares; 16 executive officers of the Company's subsidiaries who do not concurrently serve as directors: 3,200 shares |
| Total Stock-Based Compensation | Total monetary receivables: ¥22,260,000 |
| Stock Split Ratio | 2 shares for each 1 share; effective date: 21 January 2024 |
| Procedures under the Corporate Code of Conduct | The matter was referred to the Nomination and Compensation Committee for consultation. Obtaining an opinion from another independent third party and confirming shareholders' intentions: Not disclosed. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 provide directors and executive officers of the Company and its subsidiaries with an incentive to achieve sustained enhancement of corporate value and promote value sharing with shareholders. The measure is also intended to further increase the motivation of each recipient.
How to read this page
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