Worth reading
49Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
11700
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much11,700Shares
11,700 common shares (new shares)
Directors of the Company (excluding outside directors)4 / 11,100 shares
The Company's executive officers2 / 400 shares
Employees of the Company2 / 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.
¥9,000 per share
Total issue value
¥105,300,000
Amount of funds to be raised
Total amount of monetary claims: ¥105,300,000 (no estimated net proceeds disclosed)
Total Stock-Based Compensation
Total monetary claims: ¥105,300,000
Specific use of funds
Not applicable (the entire amount of the monetary claims will be contributed in kind as restricted stock compensation)
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 15 May 2026 to 14 May 2029 (approximately 3 years)
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiry of the restricted period, provided that the recipient has continuously held one of the following positions at the Company or one of its subsidiaries during the restricted period: director, executive officer, executive officer who does not concurrently serve as a director, audit & supervisory board member, employee or other equivalent position. If the recipient retires or leaves employment due to expiry of the term of office, reaching mandatory retirement age or another legitimate reason, the transfer restrictions will be lifted immediately after retirement or departure with respect to the number of shares corresponding to the period of service.
Reason for acquisition without consideration
The Company will acquire without consideration any shares whose transfer restrictions have not been lifted upon expiry of the restricted period or at the time of lifting the restrictions, as well as all shares held by a recipient at the relevant time if the recipient becomes subject to any of the events specified in the restricted stock allotment agreement during the restricted period.
Categories and Number of Persons Covered
4 Company directors (excluding outside directors): 11,100 shares; 2 Company executive officers: 400 shares; 2 Company employees: 200 shares
Intended allottee's holding policy
During the restricted period, the shares may not be transferred, pledged or otherwise disposed of, and will be managed in a dedicated account.
Payment date
15 May 2026
Basis for determining the amount to be paid
Based on the closing price of the Company's common shares of ¥9,000 on the Growth Market of the Tokyo Stock Exchange on 15 April 2026, with no discount or premium.
Procedures under the Corporate Code of Conduct
The matter was submitted to the Nomination and Compensation Committee for consultation.
Impact on Business Performance
No impact on financial performance from this issuance of new shares has been disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 11,700 common shares (new shares) |
| Issue price and disposal price | ¥9,000 per share |
| Total issue value | ¥105,300,000 |
| Amount of funds to be raised | Total amount of monetary claims: ¥105,300,000 (no estimated net proceeds disclosed) |
| Specific use of funds | Not applicable (the entire amount of the monetary claims will be contributed in kind as restricted stock compensation) |
| Payment date | 15 May 2026 |
| Intended allottee | Name Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of Shares 11,100 shares, Name The Company's executive officers / Number of Employees 2 / Number of Shares 400 shares, Name Employees of the Company / Number of Employees 2 / Number of Shares 200 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred, pledged or otherwise disposed of, and will be managed in a dedicated account. |
| Basis for determining the amount to be paid | Based on the closing price of the Company's common shares of ¥9,000 on the Growth Market of the Tokyo Stock Exchange on 15 April 2026, with no discount or premium. |
| Transfer restriction period | From 15 May 2026 to 14 May 2029 (approximately 3 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiry of the restricted period, provided that the recipient has continuously held one of the following positions at the Company or one of its subsidiaries during the restricted period: director, executive officer, executive officer who does not concurrently serve as a director, audit & supervisory board member, employee or other equivalent position. If the recipient retires or leaves employment due to expiry of the term of office, reaching mandatory retirement age or another legitimate reason, the transfer restrictions will be lifted immediately after retirement or departure with respect to the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | The Company will acquire without consideration any shares whose transfer restrictions have not been lifted upon expiry of the restricted period or at the time of lifting the restrictions, as well as all shares held by a recipient at the relevant time if the recipient becomes subject to any of the events specified in the restricted stock allotment agreement during the restricted period. |
| Categories and Number of Persons Covered | 4 Company directors (excluding outside directors): 11,100 shares; 2 Company executive officers: 400 shares; 2 Company employees: 200 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥105,300,000 |
| Procedures under the Corporate Code of Conduct | The matter was submitted to the Nomination and Compensation Committee for consultation. |
| Impact on Business Performance | No impact on financial performance from this issuance of new shares has been disclosed. |
Items this document does not state (11)
Estimated issuance expensesDilution RateTotal number of issued sharesExercise 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.The purpose is to provide incentives for the sustained enhancement of corporate value, promote the sharing of value with shareholders, and further increase the motivation of the eligible recipients.
How to read this page
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