Worth reading
45Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
131000000
Yen (total grant reference amount)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Issuance of the Company’s shares or disposal of treasury shares under the performance-conditioned post-delivery transfer-restricted stock compensation plan
Intended allottee
Executive officers and senior employees (the number of recipients and the number of shares allocated to each recipient are Not disclosed)
Total Stock-Based Compensation
Total grant reference amount of ¥131,000,000 (may increase if recipients join the Company during the applicable period)
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 the delivery date of the shares until the date on which the recipient leaves office or employment in any capacity as a director, executive officer or employee of the Company
Conditions for lifting transfer restrictions
Once the transfer restriction period expires, all transfer restrictions on the allocated shares held by the recipient will be lifted. If the recipient leaves office or employment in connection with a corporate reorganization, the restrictions will be lifted before the effective date
Reason for acquisition without consideration
If the recipient engages in certain misconduct during the transfer restriction period or otherwise falls under certain specified circumstances
Categories and Number of Persons Covered
Executive officers and senior employees (the number of recipients and the number of shares allocated are Not disclosed)
Intended allottee's holding policy
The shares will be subject to transfer restrictions from the delivery date until the date on which the recipient leaves office or employment in any capacity as a director, executive officer or employee of the Company
Basis for determining the amount to be paid
To be determined based on the closing price for regular trading on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors’ resolution regarding the delivery, within a range that does not constitute a particularly favorable amount for the recipients. The discount rate and premium rate are Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of the Company’s shares or disposal of treasury shares under the performance-conditioned post-delivery transfer-restricted stock compensation plan |
| Issue price and disposal price | To be determined based on the closing price on the business day preceding the date of the Board of Directors’ resolution regarding the delivery, within a range that does not constitute a particularly favorable amount for the recipients |
| Intended allottee | Executive officers and senior employees (the number of recipients and the number of shares allocated to each recipient are Not disclosed) |
| Intended allottee's holding policy | The shares will be subject to transfer restrictions from the delivery date until the date on which the recipient leaves office or employment in any capacity as a director, executive officer or employee of the Company |
| Basis for determining the amount to be paid | To be determined based on the closing price for regular trading on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors’ resolution regarding the delivery, within a range that does not constitute a particularly favorable amount for the recipients. The discount rate and premium rate are Not disclosed |
| Transfer restriction period | From the delivery date of the shares until the date on which the recipient leaves office or employment in any capacity as a director, executive officer or employee of the Company |
| Conditions for lifting transfer restrictions | Once the transfer restriction period expires, all transfer restrictions on the allocated shares held by the recipient will be lifted. If the recipient leaves office or employment in connection with a corporate reorganization, the restrictions will be lifted before the effective date |
| Reason for acquisition without consideration | If the recipient engages in certain misconduct during the transfer restriction period or otherwise falls under certain specified circumstances |
| Categories and Number of Persons Covered | Executive officers and senior employees (the number of recipients and the number of shares allocated are Not disclosed) |
| Total Stock-Based Compensation | Total grant reference amount of ¥131,000,000 (may increase if recipients join the Company during the applicable period) |
Items this document does not state (18)
Number of shares to be issued or disposed ofTotal issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateDilution 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 an incentive that further strengthens the recipients’ commitment to achieving the performance targets. The shares will be subject to transfer restrictions in order to maintain the incentive effect over time.
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.