Worth reading
41Recurring
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
14041
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much14,041Shares
14,041 shares of the Company's common stock (treasury shares)
5 directors of the Company, excluding outside directors14,041 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,205 per share
Total issue value
¥16,919,405
Total Stock-Based Compensation
Total monetary compensation receivables of ¥16,919,405 (the annual compensation limit is ¥25 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
From 22 July 2026, the payment date, until the date on which the recipient ceases to hold any position as a director of the Company or any of its subsidiaries.
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director of the Company or any of its subsidiaries from 22 July 2026 through 1 July 2027, all of the allocated shares will be released from the transfer restrictions upon expiration of the restricted transfer period. If the recipient ceases to hold the position due to death, expiration of the term of office or any other reason deemed justifiable by the Board of Directors, the number of shares to be released will be calculated by multiplying the allocated shares by the number of months from July 2026 through the month that includes the date on which the recipient ceases to hold the position, divided by 12.
Reason for acquisition without consideration
At the expiration of the restricted transfer period or other prescribed time specified in the agreement, the Company will acquire without consideration any allocated shares that remain subject to the transfer restrictions.
Categories and Number of Persons Covered
5 of the Company's directors (excluding outside directors), 14,041 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of.
Payment date
22 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 22 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,205. No discount or premium applies.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 14,041 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,205 per share |
| Total issue value | ¥16,919,405 |
| Payment date | 22 July 2026 |
| Intended allottee | Name 5 directors of the Company, excluding outside directors / Number of Shares 14,041 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 22 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,205. No discount or premium applies. |
| Transfer restriction period | From 22 July 2026, the payment date, until the date on which the recipient ceases to hold any position as a director of the Company or any of its subsidiaries. |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director of the Company or any of its subsidiaries from 22 July 2026 through 1 July 2027, all of the allocated shares will be released from the transfer restrictions upon expiration of the restricted transfer period. If the recipient ceases to hold the position due to death, expiration of the term of office or any other reason deemed justifiable by the Board of Directors, the number of shares to be released will be calculated by multiplying the allocated shares by the number of months from July 2026 through the month that includes the date on which the recipient ceases to hold the position, divided by 12. |
| Reason for acquisition without consideration | At the expiration of the restricted transfer period or other prescribed time specified in the agreement, the Company will acquire without consideration any allocated shares that remain subject to the transfer restrictions. |
| Categories and Number of Persons Covered | 5 of the Company's directors (excluding outside directors), 14,041 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥16,919,405 (the annual compensation limit is ¥25 million) |
Items this document does not state (15)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise 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 the Company's directors with incentives to achieve sustained enhancement of corporate value and shareholder value over the medium to long term, and to promote value sharing with shareholders. The Company also took into consideration the purpose of the plan, the Company's performance, the scope of responsibilities of each allocation recipient and other relevant circumstances.
How to read this page
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