Worth reading
58In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
26626
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much26,626Shares
26,626 common shares (new shares)
The Company's directors (excluding directors who are Audit and Supervisory Committee members and non-executive directors)7 / 26,626 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,031 per share
Total issue value
¥27,451,406
Amount of funds to be raised
Total amount payable: ¥27,451,406; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables of ¥27,451,406. The compensation limit is ¥35,000 thousand per year.
Specific use of funds
Not applicable (contribution in kind of monetary compensation receivables from the eligible directors)
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
The period from 15 May 2026 until the date on which the eligible holder retires as a director of the Company
Conditions for lifting transfer restrictions
The holder must remain a director of the Company (excluding a director who is an Audit & Supervisory Committee member) continuously through the date of the first annual general meeting of shareholders to be held after the commencement date of this transfer restriction period. In the event of retirement for a valid reason, a portion of the restrictions will be lifted based on the number of months in office.
Reason for acquisition without consideration
If the holder retires before the day preceding the date of the first annual general meeting of shareholders to be held after the commencement date of this transfer restriction period, except where the Board of Directors recognizes a valid reason, and if any shares remain subject to transfer restrictions when the period expires. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares not eligible for release from the transfer restrictions.
Categories and Number of Persons Covered
The Company's directors (excluding directors who are Audit and Supervisory Committee members and non-executive directors): 7 people, 26,626 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged, used to establish a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of in any manner. The transfer restriction period runs from 15 May 2026 until the date on which the eligible holder retires as a director of the Company.
Payment date
15 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 16 April 2026, ¥1,031. The discount and premium rates are both 0%.
Procedures under the Corporate Code of Conduct
At the 62nd Annual General Meeting of Shareholders held on 27 March 2026, approval was obtained for the total amount of compensation receivables, the maximum number of shares and the transfer restriction period, among other matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 26,626 common shares (new shares) |
| Issue price and disposal price | ¥1,031 per share |
| Total issue value | ¥27,451,406 |
| Amount of funds to be raised | Total amount payable: ¥27,451,406; estimated net proceeds: Not disclosed |
| Specific use of funds | Not applicable (contribution in kind of monetary compensation receivables from the eligible directors) |
| Payment date | 15 May 2026 |
| Intended allottee | Name The Company's directors (excluding directors who are Audit and Supervisory Committee members and non-executive directors) / Number of Employees 7 / Number of Shares 26,626 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged, used to establish a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of in any manner. The transfer restriction period runs from 15 May 2026 until the date on which the eligible holder retires as a director of the Company. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 16 April 2026, ¥1,031. The discount and premium rates are both 0%. |
| Transfer restriction period | The period from 15 May 2026 until the date on which the eligible holder retires as a director of the Company |
| Conditions for lifting transfer restrictions | The holder must remain a director of the Company (excluding a director who is an Audit & Supervisory Committee member) continuously through the date of the first annual general meeting of shareholders to be held after the commencement date of this transfer restriction period. In the event of retirement for a valid reason, a portion of the restrictions will be lifted based on the number of months in office. |
| Reason for acquisition without consideration | If the holder retires before the day preceding the date of the first annual general meeting of shareholders to be held after the commencement date of this transfer restriction period, except where the Board of Directors recognizes a valid reason, and if any shares remain subject to transfer restrictions when the period expires. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares not eligible for release from the transfer restrictions. |
| Categories and Number of Persons Covered | The Company's directors (excluding directors who are Audit and Supervisory Committee members and non-executive directors): 7 people, 26,626 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥27,451,406. The compensation limit is ¥35,000 thousand per year. |
| Procedures under the Corporate Code of Conduct | At the 62nd Annual General Meeting of Shareholders held on 27 March 2026, approval was obtained for the total amount of compensation receivables, the maximum number of shares and the transfer restriction period, among other matters. |
Items this document does not state (12)
Estimated issuance expensesDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 align the directors' interests with shareholders by sharing the benefits and risks of share price fluctuations and to enhance their motivation to contribute to an increase in the share price and corporate value.
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.