Worth reading
56In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
19100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much19,100Shares
19,100 common shares (new shares)
3 directors (excluding outside directors and directors who are Audit and Supervisory Committee members)9,300 shares
8 executive officers who do not concurrently serve as directors9,800 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.
¥2,455 per share
Total issue value
¥46,890,500
Amount of funds to be raised
Total payment amount: ¥46,890,500; estimated net proceeds: Not disclosed (as the shares are issued in exchange for an in-kind contribution)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥46,550,000
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
5 August 2026 to 4 August 2056 (30 years)
Conditions for lifting transfer restrictions
The transfer restrictions on all of the allocated shares will be lifted upon expiration of the transfer restriction period, provided that the eligible director or other recipient has continuously held one of the following positions at the Company or one of its subsidiaries throughout the transfer restriction period: director, Audit & Supervisory Board member, executive officer who does not concurrently serve as a director, employee, adviser, counselor, or another equivalent position. If the recipient retires or leaves employment due to expiration of the term of office, mandatory retirement, or another legitimate reason, the restrictions will be lifted for the number of shares determined according to the period of service.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or when the transfer restrictions are lifted, the Company will automatically acquire for no consideration any allocated shares for which the restrictions have not been lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire for no consideration any shares whose restrictions remain in place after the transfer restrictions are lifted.
Categories and Number of Persons Covered
Category Directors (excluding outside directors and directors serving as Audit and Supervisory Committee members) / Number of Employees 3 / Number of allocated shares 9,300 shares, Category Executive officers who do not concurrently serve as directors / Number of Employees 8 independent officers / Number of allocated shares 9,800 shares
Intended allottee's holding policy
During the transfer restriction period, the recipients may not transfer, create security interests over, or otherwise dispose of the allocated shares. The restrictions will be lifted upon expiration of the transfer restriction period, provided that the recipient remains continuously in a specified position.
Payment date
5 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 9 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,455. No discount or premium rate is specified.
Procedures under the Corporate Code of Conduct
A written resolution in lieu of a Board of Directors' resolution pursuant to Article 370 of the Companies Act and Article 24 of the Company's Articles of Incorporation.
Impact on Business Performance
No impact on operating performance from this issuance of new shares is specified.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 19,100 common shares (new shares) |
| Issue price and disposal price | ¥2,455 per share |
| Total issue value | ¥46,890,500 |
| Amount of funds to be raised | Total payment amount: ¥46,890,500; estimated net proceeds: Not disclosed (as the shares are issued in exchange for an in-kind contribution) |
| Payment date | 5 August 2026 |
| Intended allottee | Category 3 directors (excluding outside directors and directors who are Audit and Supervisory Committee members) / Number of Shares 9,300 shares, Category 8 executive officers who do not concurrently serve as directors / Number of Shares 9,800 shares |
| Intended allottee's holding policy | During the transfer restriction period, the recipients may not transfer, create security interests over, or otherwise dispose of the allocated shares. The restrictions will be lifted upon expiration of the transfer restriction period, provided that the recipient remains continuously in a specified position. |
| 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 9 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,455. No discount or premium rate is specified. |
| Transfer restriction period | 5 August 2026 to 4 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions on all of the allocated shares will be lifted upon expiration of the transfer restriction period, provided that the eligible director or other recipient has continuously held one of the following positions at the Company or one of its subsidiaries throughout the transfer restriction period: director, Audit & Supervisory Board member, executive officer who does not concurrently serve as a director, employee, adviser, counselor, or another equivalent position. If the recipient retires or leaves employment due to expiration of the term of office, mandatory retirement, or another legitimate reason, the restrictions will be lifted for the number of shares determined according to the period of service. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or when the transfer restrictions are lifted, the Company will automatically acquire for no consideration any allocated shares for which the restrictions have not been lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire for no consideration any shares whose restrictions remain in place after the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | Category Directors (excluding outside directors and directors serving as Audit and Supervisory Committee members) / Number of Employees 3 / Number of allocated shares 9,300 shares, Category Executive officers who do not concurrently serve as directors / Number of Employees 8 independent officers / Number of allocated shares 9,800 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥46,550,000 |
| Procedures under the Corporate Code of Conduct | A written resolution in lieu of a Board of Directors' resolution pursuant to Article 370 of the Companies Act and Article 24 of the Company's Articles of Incorporation. |
| Impact on Business Performance | No impact on operating performance from this issuance of new shares is specified. |
Items this document does not state (12)
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 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 issuance is intended to further enhance the motivation of the eligible directors and other recipients, taking into consideration the purpose of the plan, the Company's operating performance, the scope of responsibilities of each eligible director and other recipient, and other relevant circumstances.
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