Worth reading
46Recurring
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
30000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
30,000 shares of the Company's common stock (20,000 shares for 3 directors and 10,000 shares for 10 executive officers)
3 directors (excluding outside directors)20,000 shares
10 executive officers10,000 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.
¥324 per share
Total issue value
¥9,720,000
Amount of funds to be raised
As total monetary compensation receivables of ¥9,720,000 will be contributed in kind, no cash proceeds will be raised through payment. Estimated net proceeds: Not applicable
Total Stock-Based Compensation
Total monetary compensation receivables of ¥9,720,000
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase.
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 27 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company or its subsidiaries
Conditions for lifting transfer restrictions
The recipient must continuously hold a position as a director, executive officer or employee of the Company or its subsidiaries from 27 July 2026 through the conclusion of the annual general meeting of shareholders for the fiscal year ending March 2027. If the recipient ceases to hold the position due to death, expiration of the term of office or another reason deemed valid by the Board of Directors, the restrictions will be partially lifted in proportion to the number of months of service.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or any other time specified in the agreement, the Company will automatically acquire without consideration any shares for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
Category Directors (excluding outside directors) / Number of Employees 3 / Number of allocated shares 20,000 shares, Category Executive officers / Number of Employees 10 / Number of allocated shares 10,000 shares
Intended allottee's holding policy
From 27 July 2026 until the date on which they cease to hold any position as a director, executive officer or employee of the Company or its subsidiaries, the recipients may not transfer the shares, create security interests over them or otherwise dispose of them. The Company will acquire without consideration any shares for which the transfer restrictions have not been lifted.
Payment date
27 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Standard Market on 26 June 2026, ¥324. No discount or premium.
Procedures under the Corporate Code of Conduct
At the 85th Annual General Meeting of Shareholders held on 29 June 2026, approval was obtained to limit the number of shares to 80,000 per year and the total value of the shares to ¥30 million per year, among other matters.
Impact on Business Performance
No impact on business results from this disposal of treasury shares is 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 | 30,000 shares of the Company's common stock (20,000 shares for 3 directors and 10,000 shares for 10 executive officers) |
| Issue price and disposal price | ¥324 per share |
| Total issue value | ¥9,720,000 |
| Amount of funds to be raised | As total monetary compensation receivables of ¥9,720,000 will be contributed in kind, no cash proceeds will be raised through payment. Estimated net proceeds: Not applicable |
| Payment date | 27 July 2026 |
| Intended allottee | Category 3 directors (excluding outside directors) / Number of Shares 20,000 shares, Category 10 executive officers / Number of Shares 10,000 shares |
| Intended allottee's holding policy | From 27 July 2026 until the date on which they cease to hold any position as a director, executive officer or employee of the Company or its subsidiaries, the recipients may not transfer the shares, create security interests over them or otherwise dispose of them. The Company will acquire without consideration any shares for which the transfer restrictions have not been lifted. |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Standard Market on 26 June 2026, ¥324. No discount or premium. |
| Transfer restriction period | From 27 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company or its subsidiaries |
| Conditions for lifting transfer restrictions | The recipient must continuously hold a position as a director, executive officer or employee of the Company or its subsidiaries from 27 July 2026 through the conclusion of the annual general meeting of shareholders for the fiscal year ending March 2027. If the recipient ceases to hold the position due to death, expiration of the term of office or another reason deemed valid by the Board of Directors, the restrictions will be partially lifted in proportion to the number of months of service. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or any other time specified in the agreement, the Company will automatically acquire without consideration any shares for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors (excluding outside directors) / Number of Employees 3 / Number of allocated shares 20,000 shares, Category Executive officers / Number of Employees 10 / Number of allocated shares 10,000 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥9,720,000 |
| Procedures under the Corporate Code of Conduct | At the 85th Annual General Meeting of Shareholders held on 29 June 2026, approval was obtained to limit the number of shares to 80,000 per year and the total value of the shares to ¥30 million per year, among other matters. |
| Impact on Business Performance | No impact on business results from this disposal of treasury shares is disclosed. |
Items this document does not state (11)
Estimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offering
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 and executive officers with an incentive to promote the sustained enhancement of the Company's corporate value and to further align the value interests of the directors and 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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.