Worth reading
42Recurring
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
2354
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much2,354Shares
2,354 common shares (treasury shares)
Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors)5 / 2,354 shares
The lower thin line represents the existing number of shares to which these shares will be added.
Total issue value
¥6,228,684 (amount used as the basis for fair value assessment)
Amount of funds to be raised
No payment; no approximate net proceeds
Total Stock-Based Compensation
Up to ¥36,000 thousand per year (compensation limit under the plan)
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 17 July 2026 until the date on which the recipient ceases to hold any position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries
Conditions for lifting transfer restrictions
The recipient must continuously hold a position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries from 17 July 2026 until the conclusion of the annual general meeting of shareholders for the fiscal year ending March 2027. If the recipient ceases to hold such a position due to death or another reason deemed valid by the Board of Directors, part of the restrictions will be lifted in proportion to the number of months of service.
Reason for acquisition without consideration
At the expiration of the restricted period or another time specified in the agreement, the Company will automatically acquire without consideration any shares for which the restrictions have not been lifted.
Categories and Number of Persons Covered
5 directors (excluding directors who are Audit & Supervisory Committee members and outside directors), totaling 2,354 shares
Intended allottee's holding policy
Transfers and other dealings will be prohibited from 17 July 2026 until the date on which the recipient ceases to hold any position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries. The transfer restrictions will be lifted if the specified service conditions are met.
Basis for determining the amount to be paid
No-cost allocation method. Fair value was calculated based on the closing price of ¥2,646 on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors' resolution, 18 June 2026. The discount and premium rates are Not disclosed.
Procedures under the Corporate Code of Conduct
At the 78th annual general meeting of shareholders held on 27 June 2025, approval was obtained for the restricted stock compensation plan and a compensation limit of up to 7,500 shares per year and ¥36,000 thousand per year.
Most recent equity financing
Timing 15 May 2025 / Type Resolution to introduce a restricted stock compensation plan / Amount Not disclosed
Impact on Business Performance
The impact of this disposal of treasury shares on results for the fiscal year ending March 2027 is 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 | 2,354 common shares (treasury shares) |
| Total issue value | ¥6,228,684 (amount used as the basis for fair value assessment) |
| Amount of funds to be raised | No payment; no approximate net proceeds |
| Intended allottee | Name Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of Shares 2,354 shares |
| Intended allottee's holding policy | Transfers and other dealings will be prohibited from 17 July 2026 until the date on which the recipient ceases to hold any position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries. The transfer restrictions will be lifted if the specified service conditions are met. |
| Basis for determining the amount to be paid | No-cost allocation method. Fair value was calculated based on the closing price of ¥2,646 on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors' resolution, 18 June 2026. The discount and premium rates are Not disclosed. |
| Transfer restriction period | From 17 July 2026 until the date on which the recipient ceases to hold any position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries |
| Conditions for lifting transfer restrictions | The recipient must continuously hold a position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries from 17 July 2026 until the conclusion of the annual general meeting of shareholders for the fiscal year ending March 2027. If the recipient ceases to hold such a position due to death or another reason deemed valid by the Board of Directors, part of the restrictions will be lifted in proportion to the number of months of service. |
| Reason for acquisition without consideration | At the expiration of the restricted period or another time specified in the agreement, the Company will automatically acquire without consideration any shares for which the restrictions have not been lifted. |
| Categories and Number of Persons Covered | 5 directors (excluding directors who are Audit & Supervisory Committee members and outside directors), totaling 2,354 shares |
| Total Stock-Based Compensation | Up to ¥36,000 thousand per year (compensation limit under the plan) |
| Procedures under the Corporate Code of Conduct | At the 78th annual general meeting of shareholders held on 27 June 2025, approval was obtained for the restricted stock compensation plan and a compensation limit of up to 7,500 shares per year and ¥36,000 thousand per year. |
| Most recent equity financing | Timing 15 May 2025 / Type Resolution to introduce a restricted stock compensation plan / Amount Not disclosed |
| Impact on Business Performance | The impact of this disposal of treasury shares on results for the fiscal year ending March 2027 is Not disclosed. |
Items this document does not state (13)
Issue price and disposal priceEstimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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 sustained enhancement of the corporate value of the Company Group and promote value sharing between the directors and shareholders. The Company also considered the purpose of the plan, the Company's performance and the scope of responsibilities of each eligible director.
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.