Worth reading
50Recurring
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
12894
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much12,894Shares
12,894 common shares of the Company (treasury shares)
4 of the Company's directors, excluding outside directors10,424 shares
4 executive officers of the Company2,470 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.
¥4,375 per share
Total issue value
¥56,411,250
Amount of funds to be raised
Total payment amount: ¥56,411,250. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total of monetary compensation claims and monetary claims: ¥56,411,250. The annual limit for monetary compensation claims as compensation for the eligible directors is ¥100 million or less.
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
Not applicable (disposal of treasury shares only)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
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 14 May 2026 (the payment date) until the date on which the holder ceases to hold either the position of director or executive officer of the Company
Conditions for lifting transfer restrictions
Provided that the holder continuously holds either the position of director or executive officer of the Company from 14 May 2026 until the conclusion of the Company's annual general meeting of shareholders for the fiscal year ending December 2026, all of the shares allotted under this plan will be released from the transfer restrictions upon expiration of the restriction period. If the holder ceases to hold the position due to death or another reason deemed justified by the Company's Board of Directors, the number of shares corresponding to the prescribed period of service will be released from the restrictions.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or any other prescribed date specified in the agreement, the Company will automatically acquire without consideration any shares allotted under this plan for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 10,424 shares, Category The Company's executive officers / Number of Employees 4 / Number of allocated shares 2,470 shares
Intended allottee's holding policy
From 14 May 2026 until the date on which the holder ceases to hold either the position of director or executive officer of the Company, the shares may not be transferred, pledged as collateral or otherwise disposed of.
Payment date
14 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 14 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥4,375. No discount or premium rate was stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 12,894 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥4,375 per share |
| Total issue value | ¥56,411,250 |
| Amount of funds to be raised | Total payment amount: ¥56,411,250. Estimated net proceeds: Not disclosed |
| Payment date | 14 May 2026 |
| Intended allottee | Category 4 of the Company's directors, excluding outside directors / Number of Shares 10,424 shares, Category 4 executive officers of the Company / Number of Shares 2,470 shares |
| Intended allottee's holding policy | From 14 May 2026 until the date on which the holder ceases to hold either the position of director or executive officer of the Company, the shares may not be transferred, pledged as collateral or otherwise disposed of. |
| Dilution Rate | Not applicable (disposal of treasury shares only) |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 14 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥4,375. No discount or premium rate was stated. |
| Transfer restriction period | From 14 May 2026 (the payment date) until the date on which the holder ceases to hold either the position of director or executive officer of the Company |
| Conditions for lifting transfer restrictions | Provided that the holder continuously holds either the position of director or executive officer of the Company from 14 May 2026 until the conclusion of the Company's annual general meeting of shareholders for the fiscal year ending December 2026, all of the shares allotted under this plan will be released from the transfer restrictions upon expiration of the restriction period. If the holder ceases to hold the position due to death or another reason deemed justified by the Company's Board of Directors, the number of shares corresponding to the prescribed period of service will be released from the restrictions. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or any other prescribed date specified in the agreement, the Company will automatically acquire without consideration any shares allotted under this plan for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 10,424 shares, Category The Company's executive officers / Number of Employees 4 / Number of allocated shares 2,470 shares |
| Total Stock-Based Compensation | Total of monetary compensation claims and monetary claims: ¥56,411,250. The annual limit for monetary compensation claims as compensation for the eligible directors is ¥100 million or less. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 for the sustainable enhancement of corporate and shareholder value over the medium to long term and to promote greater value sharing with shareholders. The Company also considered the purpose of the plan, its performance, the scope of responsibilities of each allottee and other relevant factors.
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