Worth reading
45Recurring
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
150746
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much150,746Shares
150,746 shares of the Company's common stock (treasury shares)
The Company's directors (including 6 outside directors)11 / 70,193 shares
The Company's executive officers4 / 10,341 shares
Directors of subsidiaries of the Company5 / 15,664 shares
Executive officers of the Company's subsidiaries19 / 54,548 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.
¥1,507.5 per share
Amount of funds to be raised
Total payment amount: ¥227,249,595 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥227,249,595 (the annual compensation limit for directors is ¥275 million or less, of which the portion for outside directors is ¥25 million or less)
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 29 July 2026 until the date on which the recipient ceases to be either a director or executive officer of the Company or its subsidiaries
Conditions for lifting transfer restrictions
The recipient must continuously hold the position of director or executive officer of the Company or its subsidiaries throughout the service provision period. If the recipient ceases to hold the position due to death or another reason deemed justifiable by the Board of Directors, the transfer restrictions will be partially lifted in proportion to the period of service.
Reason for acquisition without consideration
At the end of the restriction period, the Company will automatically acquire without consideration any of the allotted shares for which the restrictions have not been released.
Categories and Number of Persons Covered
11 directors of the Company, 70,193 shares; 4 executive officers of the Company, 10,341 shares; 5 directors of the Company's subsidiaries, 15,664 shares; 19 executive officers of the Company's subsidiaries, 54,548 shares
Intended allottee's holding policy
The shares may not be transferred, pledged, or otherwise disposed of from the payment date until the date on which the recipient ceases to be either a director or executive officer of the Company or its subsidiaries.
Payment date
29 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 26 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,507.5. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
The Company obtained opinions from 9 outside directors and officers who are independent officers independent of the controlling shareholder, stating that the transaction would not disadvantage minority shareholders. The 3 individuals who concurrently serve as officers of the controlling shareholder did not participate in the Board of Directors' resolution.
Impact on Business Performance
No impact on business performance from this disposal of treasury shares is stated in the filing.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 150,746 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,507.5 per share |
| Amount of funds to be raised | Total payment amount: ¥227,249,595 (estimated net proceeds: Not disclosed) |
| Payment date | 29 July 2026 |
| Intended allottee | Category The Company's directors (including 6 outside directors) / Number of Employees 11 / Number of Shares 70,193 shares, Category The Company's executive officers / Number of Employees 4 / Number of Shares 10,341 shares, Category Directors of subsidiaries of the Company / Number of Employees 5 / Number of Shares 15,664 shares, Category Executive officers of the Company's subsidiaries / Number of Employees 19 / Number of Shares 54,548 shares |
| Intended allottee's holding policy | The shares may not be transferred, pledged, or otherwise disposed of from the payment date until the date on which the recipient ceases to be either a director or executive officer of the Company or its subsidiaries. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 26 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,507.5. No discount or premium was applied. |
| Transfer restriction period | From 29 July 2026 until the date on which the recipient ceases to be either a director or executive officer of the Company or its subsidiaries |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the position of director or executive officer of the Company or its subsidiaries throughout the service provision period. If the recipient ceases to hold the position due to death or another reason deemed justifiable by the Board of Directors, the transfer restrictions will be partially lifted in proportion to the period of service. |
| Reason for acquisition without consideration | At the end of the restriction period, the Company will automatically acquire without consideration any of the allotted shares for which the restrictions have not been released. |
| Categories and Number of Persons Covered | 11 directors of the Company, 70,193 shares; 4 executive officers of the Company, 10,341 shares; 5 directors of the Company's subsidiaries, 15,664 shares; 19 executive officers of the Company's subsidiaries, 54,548 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥227,249,595 (the annual compensation limit for directors is ¥275 million or less, of which the portion for outside directors is ¥25 million or less) |
| Procedures under the Corporate Code of Conduct | The Company obtained opinions from 9 outside directors and officers who are independent officers independent of the controlling shareholder, stating that the transaction would not disadvantage minority shareholders. The 3 individuals who concurrently serve as officers of the controlling shareholder did not participate in the Board of Directors' resolution. |
| Impact on Business Performance | No impact on business performance from this disposal of treasury shares is stated in the filing. |
Items this document does not state (13)
Total issue valueEstimated 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 directors and executive officers of the Company and its subsidiaries with an incentive to achieve sustained growth in corporate value and to promote the sharing of 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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.