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
40690
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much40,690Shares
40,690 common shares of the Company (treasury shares)
4 directors (excluding outside directors and directors who are Audit & Supervisory Committee members)15,156 shares
16 executive officers25,534 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.
¥1,710 per share
Total issue value
¥69,579,900
Amount of funds to be raised
Total payment amount: ¥69,579,900; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary remuneration claims: ¥69,579,900. The annual remuneration limit for eligible directors is ¥35 million.
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
17 July 2026–16 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the eligible officer continuously holds a position as a director of the Company or another designated position throughout the restriction period, all of the allotted shares held by the officer will be released from the restrictions upon expiration of the period. If the officer retires for a valid reason, the timing and number of shares to be released will be reasonably adjusted as necessary. In the event of a corporate reorganization or similar transaction, the number of shares to be released will be reasonably determined by resolution of the Board of Directors and released before the effective date.
Reason for acquisition without consideration
The Company will automatically acquire without consideration the shares for which the restrictions have not been released at the end of the restriction period, as well as the number of shares stipulated in the agreement if an event triggering acquisition without consideration under the allotment agreement occurs during the restriction period.
Categories and Number of Persons Covered
Category Directors (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 4 / Number of allocated shares 15,156 shares, Category Executive officers / Number of Employees 16 / Number of allocated shares 25,534 shares
Intended allottee's holding policy
During the restriction period, the allotted shares may not be transferred, pledged or otherwise disposed of. The restriction period runs from 17 July 2026 through 16 July 2056.
Payment date
17 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, ¥1,710. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
At the 167th Annual General Meeting of Shareholders held on 25 June 2025, shareholders approved the continuation of the restricted stock compensation plan and the payment of remuneration of up to ¥35 million per year, among other matters.
Impact on Business Performance
No impact on financial results from this disposal of treasury shares is 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 | 40,690 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,710 per share |
| Total issue value | ¥69,579,900 |
| Amount of funds to be raised | Total payment amount: ¥69,579,900; estimated net proceeds: Not disclosed |
| Payment date | 17 July 2026 |
| Intended allottee | Category 4 directors (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Shares 15,156 shares, Category 16 executive officers / Number of Shares 25,534 shares |
| Intended allottee's holding policy | During the restriction period, the allotted shares may not be transferred, pledged or otherwise disposed of. The restriction period runs from 17 July 2026 through 16 July 2056. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, ¥1,710. No discount or premium was stated. |
| Transfer restriction period | 17 July 2026–16 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the eligible officer continuously holds a position as a director of the Company or another designated position throughout the restriction period, all of the allotted shares held by the officer will be released from the restrictions upon expiration of the period. If the officer retires for a valid reason, the timing and number of shares to be released will be reasonably adjusted as necessary. In the event of a corporate reorganization or similar transaction, the number of shares to be released will be reasonably determined by resolution of the Board of Directors and released before the effective date. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration the shares for which the restrictions have not been released at the end of the restriction period, as well as the number of shares stipulated in the agreement if an event triggering acquisition without consideration under the allotment agreement occurs during the restriction period. |
| Categories and Number of Persons Covered | Category Directors (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 4 / Number of allocated shares 15,156 shares, Category Executive officers / Number of Employees 16 / Number of allocated shares 25,534 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims: ¥69,579,900. The annual remuneration limit for eligible directors is ¥35 million. |
| Procedures under the Corporate Code of Conduct | At the 167th Annual General Meeting of Shareholders held on 25 June 2025, shareholders approved the continuation of the restricted stock compensation plan and the payment of remuneration of up to ¥35 million per year, among other matters. |
| Impact on Business Performance | No impact on financial results from this disposal of treasury shares is stated. |
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.To provide an incentive for the sustainable enhancement of corporate value and further promote the sharing of value between the eligible officers and shareholders. The Company also took into consideration the purpose of the plan, the Company's performance, the scope of responsibilities of each eligible officer and other relevant factors.
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