Worth reading
46Recurring
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
36995400
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much66,300Shares
66,300 common shares of the Company (treasury shares)
2 directors of a subsidiary66,300 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥558 per share
Total issue value
¥36,995,400
Amount of funds to be raised
Total payment amount: ¥36,995,400 (the entire amount of monetary claims paid to the recipients will be contributed in kind as property contributed for payment), net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary claims: ¥36,995,400
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
1 person: 3 years (27 April 2026 to 26 April 2029); 1 person: 2 years (27 April 2026 to 26 April 2028)
Conditions for lifting transfer restrictions
The transfer restrictions will be lifted upon expiration of the transfer restriction period, provided that the recipient has continuously held one of the following positions during the transfer restriction period: director of the Company or one of its subsidiaries, executive officer who does not concurrently serve as a director, director who is an Audit and Supervisory Committee member, employee, adviser, counselor or other equivalent position. In the event of retirement or resignation due to expiration of the term of office, mandatory retirement or another legitimate reason, the restrictions will be lifted immediately after retirement or resignation. In the event of death, the restrictions will be lifted at a time separately determined by the Board of Directors.
Reason for acquisition without consideration
The Company will automatically acquire without consideration all of the shares subject to this allocation for which the transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the time of lifting of the transfer restrictions.
Categories and Number of Persons Covered
2 directors of a subsidiary, 66,300 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. Depending on the recipient, the transfer restriction period will run from 27 April 2026 to 26 April 2029 or from 27 April 2026 to 26 April 2028.
Payment date
27 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Standard Market of the Tokyo Stock Exchange on 24 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥558. No discount or premium rate was disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 66,300 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥558 per share |
| Total issue value | ¥36,995,400 |
| Amount of funds to be raised | Total payment amount: ¥36,995,400 (the entire amount of monetary claims paid to the recipients will be contributed in kind as property contributed for payment), net proceeds: Not disclosed |
| Payment date | 27 April 2026 |
| Intended allottee | Name 2 directors of a subsidiary / Number of Shares 66,300 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. Depending on the recipient, the transfer restriction period will run from 27 April 2026 to 26 April 2029 or from 27 April 2026 to 26 April 2028. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Standard Market of the Tokyo Stock Exchange on 24 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥558. No discount or premium rate was disclosed. |
| Transfer restriction period | 1 person: 3 years (27 April 2026 to 26 April 2029); 1 person: 2 years (27 April 2026 to 26 April 2028) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be lifted upon expiration of the transfer restriction period, provided that the recipient has continuously held one of the following positions during the transfer restriction period: director of the Company or one of its subsidiaries, executive officer who does not concurrently serve as a director, director who is an Audit and Supervisory Committee member, employee, adviser, counselor or other equivalent position. In the event of retirement or resignation due to expiration of the term of office, mandatory retirement or another legitimate reason, the restrictions will be lifted immediately after retirement or resignation. In the event of death, the restrictions will be lifted at a time separately determined by the Board of Directors. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration all of the shares subject to this allocation for which the transfer restrictions have not been lifted as of the expiration of the transfer restriction period or the time of lifting of the transfer restrictions. |
| Categories and Number of Persons Covered | 2 directors of a subsidiary, 66,300 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥36,995,400 |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise 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.To further enhance the motivation of each eligible director, taking into consideration the Company's business performance, the scope of each eligible director's responsibilities and other circumstances. The purpose is also to realize the sharing of shareholder value over the medium to long term.
How to read this page
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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.