Worth reading
47Recurring
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
961400
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock
Who receives how much961,400Shares
961,400 shares of the Company’s common stock (treasury shares)
134 employees of the Company961,400 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥117 per share
Total issue value
¥112,483,800
Amount of funds to be raised
Total payment amount: ¥112,483,800; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary claims: ¥112,483,800
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
25 September 2026 to 31 August 2031 (approximately 5 years)
Conditions for lifting transfer restrictions
Provided that the recipient remains an employee of the Company throughout the transfer restriction period, all of the allocated shares will be released from the transfer restrictions upon expiration of the period. If the recipient retires upon reaching the mandatory retirement age or for another reason deemed valid by the Board of Directors, part of the transfer restrictions will be lifted in proportion to the number of months of service.
Reason for acquisition without consideration
If the recipient retires without a valid reason before expiration of the transfer restriction period, the Company will acquire all of the allocated shares without consideration. The Company will also acquire without consideration all shares whose transfer restrictions have not been lifted upon expiration of the period or upon retirement for a valid reason. In the event of a corporate reorganization or similar transaction, the Company will acquire without consideration any shares whose transfer restrictions are not lifted.
Categories and Number of Persons Covered
134 employees of the Company, 961,400 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. If conditions such as continued employment are met, the transfer restrictions will be lifted upon expiration of the transfer restriction period.
Payment date
25 September 2026
Basis for determining the amount to be paid
The closing price of the Company’s common stock on the Tokyo Stock Exchange on 6 August 2026, the business day immediately preceding the date of the Board of Directors’ resolution, was ¥117. The discount rate and premium rate are Not disclosed.
Procedures under the Corporate Code of Conduct
The Company will file an extraordinary report under the Financial Instruments and Exchange Act. Whether an independent third-party opinion will be obtained and whether shareholders’ intentions will be confirmed are Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock |
| Number of shares to be issued or disposed of | 961,400 shares of the Company’s common stock (treasury shares) |
| Issue price and disposal price | ¥117 per share |
| Total issue value | ¥112,483,800 |
| Amount of funds to be raised | Total payment amount: ¥112,483,800; estimated net proceeds: Not disclosed |
| Payment date | 25 September 2026 |
| Intended allottee | Name 134 employees of the Company / Number of Shares 961,400 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. If conditions such as continued employment are met, the transfer restrictions will be lifted upon expiration of the transfer restriction period. |
| Basis for determining the amount to be paid | The closing price of the Company’s common stock on the Tokyo Stock Exchange on 6 August 2026, the business day immediately preceding the date of the Board of Directors’ resolution, was ¥117. The discount rate and premium rate are Not disclosed. |
| Transfer restriction period | 25 September 2026 to 31 August 2031 (approximately 5 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient remains an employee of the Company throughout the transfer restriction period, all of the allocated shares will be released from the transfer restrictions upon expiration of the period. If the recipient retires upon reaching the mandatory retirement age or for another reason deemed valid by the Board of Directors, part of the transfer restrictions will be lifted in proportion to the number of months of service. |
| Reason for acquisition without consideration | If the recipient retires without a valid reason before expiration of the transfer restriction period, the Company will acquire all of the allocated shares without consideration. The Company will also acquire without consideration all shares whose transfer restrictions have not been lifted upon expiration of the period or upon retirement for a valid reason. In the event of a corporate reorganization or similar transaction, the Company will acquire without consideration any shares whose transfer restrictions are not lifted. |
| Categories and Number of Persons Covered | 134 employees of the Company, 961,400 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥112,483,800 |
| Procedures under the Corporate Code of Conduct | The Company will file an extraordinary report under the Financial Instruments and Exchange Act. Whether an independent third-party opinion will be obtained and whether shareholders’ intentions will be confirmed are Not disclosed. |
Items this document does not state (13)
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 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 increase employees’ awareness of their participation in management, encourage continued employment, promote the sharing of value with shareholders, and enhance corporate value over the medium to long term.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.