Worth reading
52Recurring
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
38000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
38,000 shares of the Company's common stock (32,000 shares granted without consideration to eligible directors and 6,000 shares granted through a contribution-in-kind to eligible executive officers)
4 eligible directors32,000 shares
3 eligible executive officers6,000 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.
¥2,950 per share
Total issue value
¥112,100,000
Amount of funds to be raised
Total payment amount: ¥112,100,000. Approximate net proceeds: Not disclosed (the shares for eligible directors will be granted without consideration)
Total Stock-Based Compensation
Total disposal amount of the allotted shares for eligible directors and eligible executive officers: ¥112,100,000. The plan's annual upper limit is 60,000 shares and a total share value of no more than ¥200 million.
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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
For eligible directors: from 20 April 2026 until the date on which they cease to hold any position as an officer or other designated position. For eligible executive officers: from 20 April 2026 through 19 April 2029.
Conditions for lifting transfer restrictions
For eligible directors: the transfer restrictions will be fully lifted upon expiration of the transfer restriction period, subject to continuous service in an officer or other designated position for 5 years from 20 April 2026. However, if an individual ceases to hold such a position due to expiration of the term of office, death or other legitimate reason, the number of shares subject to release and the timing of release may be reasonably adjusted. For eligible executive officers: the transfer restrictions will be fully lifted after expiration of the transfer restriction period, subject to continuous service in an officer or other designated position throughout the transfer restriction period. However, in the event of mandatory retirement, death or other legitimate reason, the number of shares subject to release and the timing of release may be reasonably adjusted.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any allocated shares on which the transfer restrictions have not been lifted when the transfer restriction period expires.
Categories and Number of Persons Covered
4 eligible directors: 32,000 shares; 3 eligible executive officers: 6,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. For eligible directors, the period runs from 20 April 2026 until the date on which they cease to hold any position as an officer or other designated position. For eligible executive officers, the period runs from 20 April 2026 through 19 April 2029.
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 26 March 2026, which was ¥2,950. Discount/premium: none.
Procedures under the Corporate Code of Conduct
At the 10th and 13th Annual General Meetings of Shareholders, approval was obtained to introduce a new restricted stock compensation plan for eligible directors.
Impact on Business Performance
No impact on financial results from this treasury share disposal has been 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 | 38,000 shares of the Company's common stock (32,000 shares granted without consideration to eligible directors and 6,000 shares granted through a contribution-in-kind to eligible executive officers) |
| Issue price and disposal price | ¥2,950 per share |
| Total issue value | ¥112,100,000 |
| Amount of funds to be raised | Total payment amount: ¥112,100,000. Approximate net proceeds: Not disclosed (the shares for eligible directors will be granted without consideration) |
| Intended allottee | Name 4 eligible directors / Number of Shares 32,000 shares, Name 3 eligible executive officers / Number of Shares 6,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. For eligible directors, the period runs from 20 April 2026 until the date on which they cease to hold any position as an officer or other designated position. For eligible executive officers, the period runs from 20 April 2026 through 19 April 2029. |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 26 March 2026, which was ¥2,950. Discount/premium: none. |
| Transfer restriction period | For eligible directors: from 20 April 2026 until the date on which they cease to hold any position as an officer or other designated position. For eligible executive officers: from 20 April 2026 through 19 April 2029. |
| Conditions for lifting transfer restrictions | For eligible directors: the transfer restrictions will be fully lifted upon expiration of the transfer restriction period, subject to continuous service in an officer or other designated position for 5 years from 20 April 2026. However, if an individual ceases to hold such a position due to expiration of the term of office, death or other legitimate reason, the number of shares subject to release and the timing of release may be reasonably adjusted. For eligible executive officers: the transfer restrictions will be fully lifted after expiration of the transfer restriction period, subject to continuous service in an officer or other designated position throughout the transfer restriction period. However, in the event of mandatory retirement, death or other legitimate reason, the number of shares subject to release and the timing of release may be reasonably adjusted. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any allocated shares on which the transfer restrictions have not been lifted when the transfer restriction period expires. |
| Categories and Number of Persons Covered | 4 eligible directors: 32,000 shares; 3 eligible executive officers: 6,000 shares |
| Total Stock-Based Compensation | Total disposal amount of the allotted shares for eligible directors and eligible executive officers: ¥112,100,000. The plan's annual upper limit is 60,000 shares and a total share value of no more than ¥200 million. |
| Procedures under the Corporate Code of Conduct | At the 10th and 13th Annual General Meetings of Shareholders, approval was obtained to introduce a new restricted stock compensation plan for eligible directors. |
| Impact on Business Performance | No impact on financial results from this treasury share disposal has been disclosed. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsPayment dateDilution RateExercise 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 directors and executive officers with an incentive to achieve sustained and continuous enhancement of the Company's corporate value and to further promote value sharing 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.