Worth reading
50Recurring
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
54000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much54,000Shares
54,000 shares of the Company's common stock (treasury shares)
2 directors (excluding directors who are Audit and Supervisory Committee members and outside directors)20,000 shares
9 executive officers34,000 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.
¥603 per share
Total issue value
¥32,562,000
Amount of funds to be raised
Total payment amount: ¥32,562,000; estimated net proceeds: not stated
Total Stock-Based Compensation
Total monetary compensation receivables: ¥32,562,000. The annual compensation limit for eligible directors is ¥50 million or less.
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
Not applicable (disposal of treasury shares)
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
21 July 2026 to 20 July 2056 (30 years)
Conditions for lifting transfer restrictions
As a general rule, all restrictions will be lifted upon expiration of the restricted transfer period, provided that the eligible directors and others have continuously held a position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or one of its subsidiaries throughout the restricted transfer period. In the event of death, expiration of the term of office, mandatory retirement or resignation or retirement for other legitimate reasons, restrictions will be lifted on the number of shares corresponding to the number of months in office. In the event of a corporate reorganization or similar transaction, restrictions will likewise be lifted on the number of shares corresponding to the prescribed number of months in office.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any shares for which the restrictions are not lifted, immediately after it is determined that the restrictions will not be lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares that remain subject to the restrictions.
Categories and Number of Persons Covered
Category Directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Employees 2 / Number of allocated shares 20,000 shares, Category Executive officers / Number of Employees 9 / Number of allocated shares 34,000 shares
Intended allottee's holding policy
During the restricted transfer period, the shares may not be transferred, pledged as collateral or otherwise disposed of, and will be managed by the eligible recipients in dedicated accounts. The restricted transfer period is 30 years, from 21 July 2026 to 20 July 2056.
Payment date
21 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 22 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥603. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
At the 32nd Annual General Meeting of Shareholders held on 28 June 2022, approval was obtained for the restricted stock compensation system and the payment of monetary compensation receivables, among other matters.
Impact on Business Performance
No impact on business performance stated
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 54,000 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥603 per share |
| Total issue value | ¥32,562,000 |
| Amount of funds to be raised | Total payment amount: ¥32,562,000; estimated net proceeds: not stated |
| Payment date | 21 July 2026 |
| Intended allottee | Category 2 directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Shares 20,000 shares, Category 9 executive officers / Number of Shares 34,000 shares |
| Intended allottee's holding policy | During the restricted transfer period, the shares may not be transferred, pledged as collateral or otherwise disposed of, and will be managed by the eligible recipients in dedicated accounts. The restricted transfer period is 30 years, from 21 July 2026 to 20 July 2056. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange Prime Market on 22 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥603. No discount or premium rate was stated. |
| Transfer restriction period | 21 July 2026 to 20 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | As a general rule, all restrictions will be lifted upon expiration of the restricted transfer period, provided that the eligible directors and others have continuously held a position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or one of its subsidiaries throughout the restricted transfer period. In the event of death, expiration of the term of office, mandatory retirement or resignation or retirement for other legitimate reasons, restrictions will be lifted on the number of shares corresponding to the number of months in office. In the event of a corporate reorganization or similar transaction, restrictions will likewise be lifted on the number of shares corresponding to the prescribed number of months in office. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any shares for which the restrictions are not lifted, immediately after it is determined that the restrictions will not be lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares that remain subject to the restrictions. |
| Categories and Number of Persons Covered | Category Directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Employees 2 / Number of allocated shares 20,000 shares, Category Executive officers / Number of Employees 9 / Number of allocated shares 34,000 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥32,562,000. The annual compensation limit for eligible directors is ¥50 million or less. |
| Procedures under the Corporate Code of Conduct | At the 32nd Annual General Meeting of Shareholders held on 28 June 2022, approval was obtained for the restricted stock compensation system and the payment of monetary compensation receivables, among other matters. |
| Impact on Business Performance | No impact on business performance stated |
Items this document does not state (10)
Estimated issuance expensesSpecific use of fundsExercise 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 the eligible directors and others with incentives to sustainably enhance corporate value and promote value sharing with shareholders. The Company also considered the purpose of the system, the Company's performance, the scope of responsibilities of each eligible director and other relevant factors.
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.