Worth reading
49Recurring
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
51483600
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much37,800Shares
37,800 common shares of the Company (treasury shares)
Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors)5 / 30,400 shares
Employees of the Company4 / 7,400 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.
¥1,362 per share
Total issue value
¥51,483,600
Amount of funds to be raised
Total payment amount: ¥51,483,600. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary receivables: ¥51,483,600 (the annual compensation limit for eligible directors is ¥140 million or less)
発行済株式総数
No increase, as this is a disposal of treasury shares
As this is a disposal of treasury shares, the total number of issued shares will not increase (ratio: Not disclosed)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
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
Eligible directors: 50-year continuous-service period (24 April 2026 to 23 April 2076) and 3-year performance-based period (24 April 2026 to 23 April 2029). Eligible employees: 5 years (24 April 2026 to 23 April 2031)
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the eligible directors and other recipients have continuously held a specified position with the Company or one of its subsidiaries throughout the transfer restriction period. The conditions for lifting the restrictions upon retirement or resignation due to expiration of the term of office, mandatory retirement, death or other legitimate reasons are as described in the main body of the notice. The restrictions will also be lifted for eligible employees who become non-residents due to an overseas transfer or other circumstances.
Reason for acquisition without consideration
If, during the transfer restriction period, a recipient commits a violation of laws or regulations or otherwise falls under any of the specified circumstances set out in the allotment agreement, the Company will acquire all of the recipient's shares without consideration. The Company will also acquire without consideration any shares for which the transfer restrictions have not been lifted upon expiration of the transfer restriction period or at other applicable times. The treatment of the shares in the event of a corporate reorganization is as described in the main body of the notice.
Categories and Number of Persons Covered
5 directors, 30,400 shares; 4 employees, 7,400 shares
Intended allottee's holding policy
During the restricted transfer period, recipients are prohibited from transferring the shares to third parties, creating security interests over them or otherwise disposing of them in any manner.
Payment date
24 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 27 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,362. Discount/premium: None
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 37,800 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,362 per share |
| Total issue value | ¥51,483,600 |
| Amount of funds to be raised | Total payment amount: ¥51,483,600. Estimated net proceeds: Not disclosed |
| Payment date | 24 April 2026 |
| 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 30,400 shares, Name Employees of the Company / Number of Employees 4 / Number of Shares 7,400 shares |
| Intended allottee's holding policy | During the restricted transfer period, recipients are prohibited from transferring the shares to third parties, creating security interests over them or otherwise disposing of them in any manner. |
| Dilution Rate | As this is a disposal of treasury shares, the total number of issued shares will not increase (ratio: Not disclosed) |
| Total number of issued shares | No increase, as this is a disposal of treasury shares |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 27 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,362. Discount/premium: None |
| Transfer restriction period | Eligible directors: 50-year continuous-service period (24 April 2026 to 23 April 2076) and 3-year performance-based period (24 April 2026 to 23 April 2029). Eligible employees: 5 years (24 April 2026 to 23 April 2031) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the eligible directors and other recipients have continuously held a specified position with the Company or one of its subsidiaries throughout the transfer restriction period. The conditions for lifting the restrictions upon retirement or resignation due to expiration of the term of office, mandatory retirement, death or other legitimate reasons are as described in the main body of the notice. The restrictions will also be lifted for eligible employees who become non-residents due to an overseas transfer or other circumstances. |
| Reason for acquisition without consideration | If, during the transfer restriction period, a recipient commits a violation of laws or regulations or otherwise falls under any of the specified circumstances set out in the allotment agreement, the Company will acquire all of the recipient's shares without consideration. The Company will also acquire without consideration any shares for which the transfer restrictions have not been lifted upon expiration of the transfer restriction period or at other applicable times. The treatment of the shares in the event of a corporate reorganization is as described in the main body of the notice. |
| Categories and Number of Persons Covered | 5 directors, 30,400 shares; 4 employees, 7,400 shares |
| Total Stock-Based Compensation | Total monetary receivables: ¥51,483,600 (the annual compensation limit for eligible directors is ¥140 million or less) |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsExercise 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.The purpose is to provide incentives for the sustained enhancement of corporate value, promote the sharing of value with shareholders, and improve the motivation of the eligible directors and other recipients. The shares will provide long-term and medium-term incentives to the eligible directors and incentives to the eligible employees aimed at medium-term business performance and an increase in the share price.
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