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
85800
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much85,800Shares
85,800 shares of the Company’s common stock (treasury shares)
3 of the Company's directors, excluding outside directors50,500 shares
7 of the Company’s executive officers35,300 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.
¥2,313 per share
Total issue value
¥198,455,400
Amount of funds to be raised
Total payment amount: ¥198,455,400. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary remuneration claims: ¥198,455,400
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 24 April 2026 until the recipients cease to serve as directors or executive officers of the Company or any of its subsidiaries
Conditions for lifting transfer restrictions
Provided that the recipients continuously hold the position of director or executive officer of the Company or any of its subsidiaries throughout the service provision period, all of the shares allotted under this arrangement will be released from the transfer restrictions upon expiration of the transfer restriction period. In the event of retirement due to death, expiration of the term of office or any other reason deemed reasonable by the Board of Directors, the number of shares released will correspond to the number of months in office.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any shares allotted under this arrangement that remain subject to transfer restrictions upon expiration of the transfer restriction period.
Categories and Number of Persons Covered
3 directors of the Company (excluding outside directors), 50,500 shares; 7 executive officers of the Company, 35,300 shares
Intended allottee's holding policy
The shares may not be transferred, pledged as collateral or otherwise disposed of from 24 April 2026 until the recipients cease to serve as directors or executive officers of the Company or any of its subsidiaries.
Payment date
24 April 2026
Basis for determining the amount to be paid
The closing price of the Company’s common stock on the Tokyo Stock Exchange on 25 March 2026 was ¥2,313. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
The Company obtained opinions from 3 outside directors who have no interests in the controlling shareholder that the transaction is not detrimental to minority shareholders. Directors with ties to the controlling shareholder did not participate in the resolution.
Impact on Business Performance
The specific impact on business performance was Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 85,800 shares of the Company’s common stock (treasury shares) |
| Issue price and disposal price | ¥2,313 per share |
| Total issue value | ¥198,455,400 |
| Amount of funds to be raised | Total payment amount: ¥198,455,400. Estimated net proceeds: Not disclosed |
| Payment date | 24 April 2026 |
| Intended allottee | Name 3 of the Company's directors, excluding outside directors / Number of Shares 50,500 shares, Name 7 of the Company’s executive officers / Number of Shares 35,300 shares |
| Intended allottee's holding policy | The shares may not be transferred, pledged as collateral or otherwise disposed of from 24 April 2026 until the recipients cease to serve as directors or executive officers of the Company or any of its subsidiaries. |
| Basis for determining the amount to be paid | The closing price of the Company’s common stock on the Tokyo Stock Exchange on 25 March 2026 was ¥2,313. No discount or premium rate was stated. |
| Transfer restriction period | From 24 April 2026 until the recipients cease to serve as directors or executive officers of the Company or any of its subsidiaries |
| Conditions for lifting transfer restrictions | Provided that the recipients continuously hold the position of director or executive officer of the Company or any of its subsidiaries throughout the service provision period, all of the shares allotted under this arrangement will be released from the transfer restrictions upon expiration of the transfer restriction period. In the event of retirement due to death, expiration of the term of office or any other reason deemed reasonable by the Board of Directors, the number of shares released will correspond to the number of months in office. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any shares allotted under this arrangement that remain subject to transfer restrictions upon expiration of the transfer restriction period. |
| Categories and Number of Persons Covered | 3 directors of the Company (excluding outside directors), 50,500 shares; 7 executive officers of the Company, 35,300 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims: ¥198,455,400 |
| Procedures under the Corporate Code of Conduct | The Company obtained opinions from 3 outside directors who have no interests in the controlling shareholder that the transaction is not detrimental to minority shareholders. Directors with ties to the controlling shareholder did not participate in the resolution. |
| Impact on Business Performance | The specific impact on business performance was Not disclosed |
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 to continuously enhance the corporate value of the Company Group and further promote shared value with shareholders.
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.