Worth reading
49Recurring
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
53500000
¥Wording
Avoiding a definitive answer
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as performance-linked restricted stock compensation
Intended allottee
The company's directors (excluding directors who are Audit and Supervisory Committee members and outside directors), executive officers and eligible employees; and the directors (excluding outside directors), executive officers and eligible employees of the company's principal subsidiaries
Amount of funds to be raised
Reasonably expected total payment amount: ¥53,500,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Reasonably expected total payment amount: ¥53,500,000
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
From 25 July 2026 until the recipient ceases to be a director, executive officer or eligible employee of the company or its subsidiaries. However, if the recipient ceases to hold such position before 30 June 2027, the restriction will remain in effect until 1 July 2027.
Conditions for lifting transfer restrictions
All of the allocated shares held by each recipient will be released from the restrictions upon expiration of the restriction period. Shares will be delivered according to the degree of achievement of numerical targets and other performance criteria during the performance evaluation period.
Reason for acquisition without consideration
If a recipient ceases to be a director, executive officer or eligible employee of the company or its subsidiaries, unless the company's Board of Directors determines that there is a valid reason. The company may also acquire the shares without consideration if the restrictions have not been released upon expiration of the restriction period or remain unreleased due to a corporate reorganization or other event.
Intended allottee's holding policy
During the restriction period, the shares may not be transferred to a third party, pledged, made subject to a security interest, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any manner.
Basis for determining the amount to be paid
The simple average closing price of the common shares on the Tokyo Stock Exchange during the latest one-month period through the business day immediately preceding the date of the Board of Directors' resolution (25 May 2026 to 24 June 2026). Discount rate/premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
The introduction of the plan was approved at the 14th annual general meeting of shareholders held on 29 June 2023.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as performance-linked restricted stock compensation |
| Issue price and disposal price | The simple average closing price of the company's common shares on the Tokyo Stock Exchange during the latest one-month period through the business day immediately preceding the date of the Board of Directors' resolution (25 May 2026 to 24 June 2026) |
| Amount of funds to be raised | Reasonably expected total payment amount: ¥53,500,000; estimated net proceeds: Not disclosed |
| Intended allottee | The company's directors (excluding directors who are Audit and Supervisory Committee members and outside directors), executive officers and eligible employees; and the directors (excluding outside directors), executive officers and eligible employees of the company's principal subsidiaries |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred to a third party, pledged, made subject to a security interest, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any manner. |
| Basis for determining the amount to be paid | The simple average closing price of the common shares on the Tokyo Stock Exchange during the latest one-month period through the business day immediately preceding the date of the Board of Directors' resolution (25 May 2026 to 24 June 2026). Discount rate/premium rate: Not disclosed |
| Transfer restriction period | From 25 July 2026 until the recipient ceases to be a director, executive officer or eligible employee of the company or its subsidiaries. However, if the recipient ceases to hold such position before 30 June 2027, the restriction will remain in effect until 1 July 2027. |
| Conditions for lifting transfer restrictions | All of the allocated shares held by each recipient will be released from the restrictions upon expiration of the restriction period. Shares will be delivered according to the degree of achievement of numerical targets and other performance criteria during the performance evaluation period. |
| Reason for acquisition without consideration | If a recipient ceases to be a director, executive officer or eligible employee of the company or its subsidiaries, unless the company's Board of Directors determines that there is a valid reason. The company may also acquire the shares without consideration if the restrictions have not been released upon expiration of the restriction period or remain unreleased due to a corporate reorganization or other event. |
| Total Stock-Based Compensation | Reasonably expected total payment amount: ¥53,500,000 |
| Procedures under the Corporate Code of Conduct | The introduction of the plan was approved at the 14th annual general meeting of shareholders held on 29 June 2023. |
Items this document does not state (17)
Number of shares to be issued or disposed ofTotal issue valueEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsCategories and Number of Persons CoveredUnderwriter / 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 implement the share-based compensation approved at the annual general meeting of shareholders held on 29 June 2023 under the performance-linked restricted stock compensation plan.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.