Worth reading
41Recurring
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
9500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much9,500Shares
9,500 common shares (treasury shares)
7 of the Company's directors, excluding part-time directors, directors residing overseas and outside directors; 9,500 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,961 per share
Total issue value
¥18,629,500
Total Stock-Based Compensation
Total monetary claims of ¥18,629,500 (within the compensation limit of ¥60 million per year)
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
30 years, from 22 May 2026 to 21 May 2056
Conditions for lifting transfer restrictions
Subject to continuous service during the transfer restriction period in any of the following positions at the Company or one of its subsidiaries—director, executive officer not concurrently serving as a director, Audit & Supervisory Board member, adviser, consultant, employee or other equivalent position—the transfer restrictions will be fully lifted upon expiration of the period. If the recipient retires or leaves employment upon expiration of the term of office or for another legitimate reason, the restrictions will be lifted for the number of shares corresponding to the period of service.
Reason for acquisition without consideration
If, during the transfer restriction period, the recipient engages in an act that violates laws or regulations or otherwise falls under any of the specified events set forth in the restricted stock allotment agreement, the Company will acquire all of the shares without consideration. Shares for which the transfer restrictions remain in place after the restrictions are lifted will also be acquired without consideration.
Categories and Number of Persons Covered
7 eligible directors; 9,500 shares
Intended allottee's holding policy
During the transfer restriction period, transfers to third parties, the creation of security interests and all other dispositions are prohibited. The shares will be managed in a dedicated account.
Payment date
22 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 22 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,961. No discount or premium was applied.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 9,500 common shares (treasury shares) |
| Issue price and disposal price | ¥1,961 per share |
| Total issue value | ¥18,629,500 |
| Payment date | 22 May 2026 |
| Intended allottee | 7 of the Company's directors, excluding part-time directors, directors residing overseas and outside directors; 9,500 shares |
| Intended allottee's holding policy | During the transfer restriction period, transfers to third parties, the creation of security interests and all other dispositions are prohibited. The shares will be managed in a dedicated account. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 22 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,961. No discount or premium was applied. |
| Transfer restriction period | 30 years, from 22 May 2026 to 21 May 2056 |
| Conditions for lifting transfer restrictions | Subject to continuous service during the transfer restriction period in any of the following positions at the Company or one of its subsidiaries—director, executive officer not concurrently serving as a director, Audit & Supervisory Board member, adviser, consultant, employee or other equivalent position—the transfer restrictions will be fully lifted upon expiration of the period. If the recipient retires or leaves employment upon expiration of the term of office or for another legitimate reason, the restrictions will be lifted for the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If, during the transfer restriction period, the recipient engages in an act that violates laws or regulations or otherwise falls under any of the specified events set forth in the restricted stock allotment agreement, the Company will acquire all of the shares without consideration. Shares for which the transfer restrictions remain in place after the restrictions are lifted will also be acquired without consideration. |
| Categories and Number of Persons Covered | 7 eligible directors; 9,500 shares |
| Total Stock-Based Compensation | Total monetary claims of ¥18,629,500 (within the compensation limit of ¥60 million per year) |
Items this document does not state (15)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 the eligible directors with an incentive to achieve sustained growth in corporate value and to promote the sharing of value with shareholders 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.