Worth reading
52Recurring
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
92000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much92,000Shares
92,000 treasury shares
6 Company directors, excluding outside directors and directors who are Audit & Supervisory Committee Members72,000 shares
10 Senior Executive Officers who do not concurrently serve as Company directors14,400 shares
14 Company executive officers5,600 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.
¥2,494 per share
Total issue value
¥229,448,000
Amount of funds to be raised
Total payment amount: ¥229,448,000; estimated net proceeds: Not disclosed, as payment will be made through an in-kind contribution of monetary remuneration claims
Total Stock-Based Compensation
Total monetary remuneration claims: ¥229,448,000
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
Not applicable (disposal of treasury shares only)
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.
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
21 August 2026 to 21 August 2056 (30 years)
Conditions for lifting transfer restrictions
The eligible directors and Senior Executive Officers who do not concurrently serve as directors must continuously hold, throughout the transfer restriction period, one of the following positions at the Company or one of its subsidiaries: director or executive officer who does not concurrently serve as a director. The eligible executive officers must continuously hold, throughout the transfer restriction period, one of the following positions at the Company or one of its subsidiaries: director, executive officer who does not concurrently serve as a director, or employee. Conditions for lifting the transfer restrictions upon retirement or resignation for legitimate reasons, such as expiry of a term of office or reaching retirement age, and upon death, are also provided.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any of the shares allotted under this arrangement for which the transfer restrictions have not been lifted when the transfer restriction period expires or at the prescribed time for lifting the transfer restrictions. The Company will also acquire without consideration any shares for which the restrictions have not been lifted in connection with a corporate reorganization.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 6 / Number of allocated shares 72,000 shares, Category Senior Executive Officers who do not concurrently serve as Company directors / Number of Employees 10 / Number of allocated shares 14,400 shares, Category Executive officers of the Company / Number of Employees 14 / Number of allocated shares 5,600 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The purpose is to promote long-term, stable share ownership.
Payment date
21 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 21 July 2026, ¥2,494. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the 23rd Annual General Meeting of Shareholders held on 27 June 2024, approval was obtained for the payment to eligible directors of monetary remuneration claims of up to ¥300 million per year and for a 30-year transfer restriction period.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 92,000 treasury shares |
| Issue price and disposal price | ¥2,494 per share |
| Total issue value | ¥229,448,000 |
| Amount of funds to be raised | Total payment amount: ¥229,448,000; estimated net proceeds: Not disclosed, as payment will be made through an in-kind contribution of monetary remuneration claims |
| Payment date | 21 August 2026 |
| Intended allottee | Category 6 Company directors, excluding outside directors and directors who are Audit & Supervisory Committee Members / Number of Shares 72,000 shares, Category 10 Senior Executive Officers who do not concurrently serve as Company directors / Number of Shares 14,400 shares, Category 14 Company executive officers / Number of Shares 5,600 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The purpose is to promote long-term, stable share ownership. |
| Dilution Rate | Not applicable (disposal of treasury shares only) |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 21 July 2026, ¥2,494. No discount or premium rate is stated. |
| Transfer restriction period | 21 August 2026 to 21 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | The eligible directors and Senior Executive Officers who do not concurrently serve as directors must continuously hold, throughout the transfer restriction period, one of the following positions at the Company or one of its subsidiaries: director or executive officer who does not concurrently serve as a director. The eligible executive officers must continuously hold, throughout the transfer restriction period, one of the following positions at the Company or one of its subsidiaries: director, executive officer who does not concurrently serve as a director, or employee. Conditions for lifting the transfer restrictions upon retirement or resignation for legitimate reasons, such as expiry of a term of office or reaching retirement age, and upon death, are also provided. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any of the shares allotted under this arrangement for which the transfer restrictions have not been lifted when the transfer restriction period expires or at the prescribed time for lifting the transfer restrictions. The Company will also acquire without consideration any shares for which the restrictions have not been lifted in connection with a corporate reorganization. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 6 / Number of allocated shares 72,000 shares, Category Senior Executive Officers who do not concurrently serve as Company directors / Number of Employees 10 / Number of allocated shares 14,400 shares, Category Executive officers of the Company / Number of Employees 14 / Number of allocated shares 5,600 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims: ¥229,448,000 |
| Procedures under the Corporate Code of Conduct | At the 23rd Annual General Meeting of Shareholders held on 27 June 2024, approval was obtained for the payment to eligible directors of monetary remuneration claims of up to ¥300 million per year and for a 30-year transfer restriction period. |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / 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.The purpose is to provide directors with medium- to long-term incentives, promote long-term, stable share ownership, share value with shareholders, and further enhance the motivation of the eligible directors and other recipients.
How to read this page
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