Worth reading
35Immaterial
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
55999560
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much59,574Shares
59,574 common shares of the Company (treasury shares)
2 directors of the Company (excluding outside directors)38,662 shares
7 of the Company's executive officers20,912 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.
¥940 per share
Total issue value
¥55,999,560
Total Stock-Based Compensation
Total monetary compensation receivables of ¥55,999,560 (total annual compensation limited to ¥56 million)
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
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 date the restricted stock is delivered until the date on which the allottee ceases to hold both the position of director and the position of executive officer of the Company. However, if that date is on or before 31 March 2027, the restriction period will continue until 1 April 2027.
Conditions for lifting transfer restrictions
The allottee must continue to hold either the position of director or executive officer of the Company through the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period. If the allottee ceases to hold office for a legitimate reason, the restrictions will be lifted in part based on the period of service.
Reason for acquisition without consideration
Shares for which the allottee ceases to hold both the position of director and the position of executive officer without a legitimate reason before the day preceding the date of the first annual general meeting of shareholders, shares for which the transfer restrictions are not lifted because the conditions for lifting them are not satisfied, and shares for which the restrictions remain in place when the allottee ceases to hold office in connection with a corporate reorganization or similar event will be acquired by the Company without consideration.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 2 / Number of allocated shares 38,662 shares, Category The Company's executive officers / Number of Employees 7 / Number of allocated shares 20,912 shares
Intended allottee's holding policy
Until the transfer restrictions are lifted, the shares may not be transferred to any third party, pledged, granted as security by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of. Until the restrictions are lifted, the shares will be held and maintained in a designated account at SMBC Nikko Securities Inc.
Payment date
12 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 14 April 2026, ¥940. No discount or premium applies.
Impact on Business Performance
The filing does not state the impact of this disposal of treasury shares on the Company's business performance.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 59,574 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥940 per share |
| Total issue value | ¥55,999,560 |
| Payment date | 12 May 2026 |
| Intended allottee | Category 2 directors of the Company (excluding outside directors) / Number of Shares 38,662 shares, Category 7 of the Company's executive officers / Number of Shares 20,912 shares |
| Intended allottee's holding policy | Until the transfer restrictions are lifted, the shares may not be transferred to any third party, pledged, granted as security by way of transfer, gifted during the holder's lifetime, bequeathed or otherwise disposed of. Until the restrictions are lifted, the shares will be held and maintained in a designated account at SMBC Nikko Securities Inc. |
| Total number of issued shares | The total number of issued shares will not increase because 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 on 14 April 2026, ¥940. No discount or premium applies. |
| Transfer restriction period | From the date the restricted stock is delivered until the date on which the allottee ceases to hold both the position of director and the position of executive officer of the Company. However, if that date is on or before 31 March 2027, the restriction period will continue until 1 April 2027. |
| Conditions for lifting transfer restrictions | The allottee must continue to hold either the position of director or executive officer of the Company through the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period. If the allottee ceases to hold office for a legitimate reason, the restrictions will be lifted in part based on the period of service. |
| Reason for acquisition without consideration | Shares for which the allottee ceases to hold both the position of director and the position of executive officer without a legitimate reason before the day preceding the date of the first annual general meeting of shareholders, shares for which the transfer restrictions are not lifted because the conditions for lifting them are not satisfied, and shares for which the restrictions remain in place when the allottee ceases to hold office in connection with a corporate reorganization or similar event will be acquired by the Company without consideration. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 2 / Number of allocated shares 38,662 shares, Category The Company's executive officers / Number of Employees 7 / Number of allocated shares 20,912 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥55,999,560 (total annual compensation limited to ¥56 million) |
| Impact on Business Performance | The filing does not state the impact of this disposal of treasury shares on the Company's business performance. |
Items this document does not state (13)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 enable directors and other officers to share with shareholders the benefits and risks of share price movements, and to increase their motivation to contribute to higher share prices and enhanced corporate value.
How to read this page
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