Worth reading
35Immaterial
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 of the Company's ordinary shares (treasury shares)
6 directors (excluding outside directors), 9,500 shares
The lower thin line represents the existing number of shares to which these shares will be added.
No monetary payment or contribution of property is required. The fair value is ¥2,470 per share.
Total issue value
¥23,465,000 (total fair value)
Total Stock-Based Compensation
Up to ¥90 million per year (compensation limit under the plan)
発行済株式総数
The total number of issued shares will not increase (disposal of treasury shares)
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 7 August 2026 until the date on which the recipient ceases to serve as a director of the Company. However, if the point immediately after 1 July 2027 is later than that date, the restriction will continue until that point.
Conditions for lifting transfer restrictions
The recipient must continuously remain a director of the Company throughout the service period, from the date of the Company's annual general meeting of shareholders immediately preceding the allocation date through the date of the annual general meeting of shareholders held in the following year. If the recipient ceases to serve as a director due to death or another reason deemed legitimate by the Board of Directors, the restriction will be partially lifted in proportion to the number of months served.
Reason for acquisition without consideration
At the expiration of the restricted transfer period, the Company will automatically acquire without consideration any allocated shares for which the transfer restriction has not been lifted, effective immediately thereafter.
Categories and Number of Persons Covered
6 directors (excluding outside directors), 9,500 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of.
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 15 July 2026, ¥2,470, was used as the fair value.
Procedures under the Corporate Code of Conduct
At the 66th Annual General Meeting of Shareholders held on 27 June 2024, shareholders approved the restricted stock compensation plan and a limit of up to ¥90 million per year and 30,000 shares per year.
| 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 of the Company's ordinary shares (treasury shares) |
| Issue price and disposal price | No monetary payment or contribution of property is required. The fair value is ¥2,470 per share. |
| Total issue value | ¥23,465,000 (total fair value) |
| Intended allottee | 6 directors (excluding outside directors), 9,500 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. |
| Total number of issued shares | The total number of issued shares will not increase (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 15 July 2026, ¥2,470, was used as the fair value. |
| Transfer restriction period | From 7 August 2026 until the date on which the recipient ceases to serve as a director of the Company. However, if the point immediately after 1 July 2027 is later than that date, the restriction will continue until that point. |
| Conditions for lifting transfer restrictions | The recipient must continuously remain a director of the Company throughout the service period, from the date of the Company's annual general meeting of shareholders immediately preceding the allocation date through the date of the annual general meeting of shareholders held in the following year. If the recipient ceases to serve as a director due to death or another reason deemed legitimate by the Board of Directors, the restriction will be partially lifted in proportion to the number of months served. |
| Reason for acquisition without consideration | At the expiration of the restricted transfer period, the Company will automatically acquire without consideration any allocated shares for which the transfer restriction has not been lifted, effective immediately thereafter. |
| Categories and Number of Persons Covered | 6 directors (excluding outside directors), 9,500 shares |
| Total Stock-Based Compensation | Up to ¥90 million per year (compensation limit under the plan) |
| Procedures under the Corporate Code of Conduct | At the 66th Annual General Meeting of Shareholders held on 27 June 2024, shareholders approved the restricted stock compensation plan and a limit of up to ¥90 million per year and 30,000 shares per year. |
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution RateExercise 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.To provide an incentive to achieve sustained growth in corporate value over the long term and further align the interests of the directors with those of shareholders.
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.