Worth reading
60In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
38253
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much38,253Shares
38,253 common shares (new shares)
3 directors of the Company30,603 shares
5 employees of the Company6,120 shares
1 director of a subsidiary of the Company1,530 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.
¥1,307 per share
Total issue value
¥49,996,671
Amount of funds to be raised
Total payment amount: ¥49,996,671; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Monetary compensation receivables of ¥49,996,671. The annual compensation limit for directors is no more than ¥50 million.
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 6 July 2026 through the end of February 2029
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director, audit & supervisory board member or employee of the Company or one of its subsidiaries during the transfer restriction period, the transfer restrictions on all of the allotted shares will be lifted upon expiration of the transfer restriction period. If the recipient loses that position upon expiration of the term of office, death or for another reason deemed legitimate by the Company's Board of Directors, the transfer restrictions will be lifted for the number of shares calculated in accordance with the prescribed method. In the event of a reorganization or other similar transaction, the transfer restrictions will also be lifted for the number of shares calculated in accordance with the prescribed method.
Reason for acquisition without consideration
Upon expiration of the transfer restriction period, or immediately after the recipient ceases to hold any position as a director, audit & supervisory board member or employee of the Company or one of its subsidiaries during the transfer restriction period, the Company will automatically acquire without consideration any allotted shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
Category Directors of the company / Number of Employees 3 / Number of allocated shares 30,603 shares, Category The Company's employees / Number of Employees 5 / Number of allocated shares 6,120 shares, Category Directors of the company's subsidiaries / Number of Employees 1 / Number of allocated shares 1,530 shares
Intended allottee's holding policy
From 6 July 2026 through the end of February 2029, the shares may not be transferred, pledged or otherwise disposed of.
Payment date
6 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 17 June 2026, the business day preceding the date of the written resolution, was ¥1,307. No discount or premium applies.
Procedures under the Corporate Code of Conduct
At the 19th Annual General Meeting of Shareholders held on 30 May 2018, approval was obtained for the payment of monetary compensation receivables and other matters relating to the grant of restricted stock.
Impact on Business Performance
Impact on business performance from this issuance of new shares Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 38,253 common shares (new shares) |
| Issue price and disposal price | ¥1,307 per share |
| Total issue value | ¥49,996,671 |
| Amount of funds to be raised | Total payment amount: ¥49,996,671; estimated net proceeds: Not disclosed |
| Payment date | 6 July 2026 |
| Intended allottee | Name 3 directors of the Company / Number of Shares 30,603 shares, Name 5 employees of the Company / Number of Shares 6,120 shares, Name 1 director of a subsidiary of the Company / Number of Shares 1,530 shares |
| Intended allottee's holding policy | From 6 July 2026 through the end of February 2029, the shares may not be transferred, pledged or otherwise disposed of. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 17 June 2026, the business day preceding the date of the written resolution, was ¥1,307. No discount or premium applies. |
| Transfer restriction period | From 6 July 2026 through the end of February 2029 |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director, audit & supervisory board member or employee of the Company or one of its subsidiaries during the transfer restriction period, the transfer restrictions on all of the allotted shares will be lifted upon expiration of the transfer restriction period. If the recipient loses that position upon expiration of the term of office, death or for another reason deemed legitimate by the Company's Board of Directors, the transfer restrictions will be lifted for the number of shares calculated in accordance with the prescribed method. In the event of a reorganization or other similar transaction, the transfer restrictions will also be lifted for the number of shares calculated in accordance with the prescribed method. |
| Reason for acquisition without consideration | Upon expiration of the transfer restriction period, or immediately after the recipient ceases to hold any position as a director, audit & supervisory board member or employee of the Company or one of its subsidiaries during the transfer restriction period, the Company will automatically acquire without consideration any allotted shares whose transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors of the company / Number of Employees 3 / Number of allocated shares 30,603 shares, Category The Company's employees / Number of Employees 5 / Number of allocated shares 6,120 shares, Category Directors of the company's subsidiaries / Number of Employees 1 / Number of allocated shares 1,530 shares |
| Total Stock-Based Compensation | Monetary compensation receivables of ¥49,996,671. The annual compensation limit for directors is no more than ¥50 million. |
| Procedures under the Corporate Code of Conduct | At the 19th Annual General Meeting of Shareholders held on 30 May 2018, approval was obtained for the payment of monetary compensation receivables and other matters relating to the grant of restricted stock. |
| Impact on Business Performance | Impact on business performance from this issuance of new shares Not disclosed |
Items this document does not state (12)
Estimated 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 an incentive to achieve sustained improvement in the Company's medium- to long-term corporate value and shareholder value, and to promote further 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.
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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.