Worth reading
55In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
7503
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much7,503Shares
New shares: 7,503 common shares
2 directors of the Company (excluding outside directors)4,643 shares
4 executive officers who do not concurrently serve as directors of the Company2,860 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.
¥2,801 per share
Total issue value
¥21,015,903
Amount of funds to be raised
Total payment amount: ¥21,015,903; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary receivables: ¥21,015,903. The annual compensation limit for eligible directors is ¥90 million or less.
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
3 years (24 July 2026 to 24 July 2029)
Conditions for lifting transfer restrictions
The restrictions will be fully lifted when the restricted period expires, provided that the recipient has continuously held one of the following positions during the restricted period: director, executive officer, executive officer who does not concurrently serve as a director, corporate auditor, adviser, counselor, employee or an equivalent position of the Company or one of its subsidiaries. If the recipient leaves office or retires upon expiration of the term of office, mandatory retirement or for another legitimate reason, the restrictions will be fully lifted immediately thereafter.
Reason for acquisition without consideration
If the recipient engages in an act that violates laws or regulations during the restricted period or falls under certain other grounds specified in the share allotment agreement. The shares will also be acquired by the Company without consideration if the restrictions remain in place when they are due to be lifted upon expiration of the restricted period or upon the recipient's departure from office or retirement for a legitimate reason.
Categories and Number of Persons Covered
2 of the Company's directors, excluding outside directors: 4,643 shares; 4 executive officers who do not concurrently serve as directors of the Company: 2,860 shares
Intended allottee's holding policy
During the restricted period, the shares may not be transferred to any third party, pledged as collateral or otherwise disposed of in any manner. The restricted period runs from 24 July 2026 to 24 July 2029.
Payment date
24 July 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 23 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,801. Discount rate/premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
The matter was referred to the Nomination and Compensation Committee for consultation.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | New shares: 7,503 common shares |
| Issue price and disposal price | ¥2,801 per share |
| Total issue value | ¥21,015,903 |
| Amount of funds to be raised | Total payment amount: ¥21,015,903; estimated net proceeds: Not disclosed |
| Payment date | 24 July 2026 |
| Intended allottee | Name 2 directors of the Company (excluding outside directors) / Number of Shares 4,643 shares, Name 4 executive officers who do not concurrently serve as directors of the Company / Number of Shares 2,860 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred to any third party, pledged as collateral or otherwise disposed of in any manner. The restricted period runs from 24 July 2026 to 24 July 2029. |
| 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 23 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,801. Discount rate/premium rate: Not disclosed |
| Transfer restriction period | 3 years (24 July 2026 to 24 July 2029) |
| Conditions for lifting transfer restrictions | The restrictions will be fully lifted when the restricted period expires, provided that the recipient has continuously held one of the following positions during the restricted period: director, executive officer, executive officer who does not concurrently serve as a director, corporate auditor, adviser, counselor, employee or an equivalent position of the Company or one of its subsidiaries. If the recipient leaves office or retires upon expiration of the term of office, mandatory retirement or for another legitimate reason, the restrictions will be fully lifted immediately thereafter. |
| Reason for acquisition without consideration | If the recipient engages in an act that violates laws or regulations during the restricted period or falls under certain other grounds specified in the share allotment agreement. The shares will also be acquired by the Company without consideration if the restrictions remain in place when they are due to be lifted upon expiration of the restricted period or upon the recipient's departure from office or retirement for a legitimate reason. |
| Categories and Number of Persons Covered | 2 of the Company's directors, excluding outside directors: 4,643 shares; 4 executive officers who do not concurrently serve as directors of the Company: 2,860 shares |
| Total Stock-Based Compensation | Total monetary receivables: ¥21,015,903. The annual compensation limit for eligible directors is ¥90 million or less. |
| Procedures under the Corporate Code of Conduct | The matter was referred to the Nomination and Compensation Committee for consultation. |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise 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 the eligible directors and others with an incentive to achieve sustained growth in corporate value and promote value sharing with shareholders, as well as to further enhance their motivation.
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.