Worth reading
43Recurring
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
5461
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much5,461Shares
5,461 shares of the Company's common stock (treasury shares)
4 directors (excluding directors who are Audit and Supervisory Committee members and outside directors)5,461 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,433 per share
Total issue value
¥13,286,613
Total Stock-Based Compensation
Total monetary compensation receivables of ¥13,286,613 (the annual compensation limit under the plan is ¥40 million or less)
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 27 April 2026 (the payment date) until the date on which the holder ceases to serve as a director of the Company
Conditions for lifting transfer restrictions
The holder must continuously remain a director of the Company throughout the service period from the date of the Company's Annual General Meeting of Shareholders immediately preceding the payment date until the date of the Company's Annual General Meeting of Shareholders held in the following year. If the holder ceases to serve as a director due to death or another reason recognized as valid by the Company's Board of Directors, part or all of the transfer restrictions will be lifted based on the prescribed calculation.
Reason for acquisition without consideration
At the end of the restriction period, the Company will automatically acquire without consideration any of the allotted shares for which the restrictions have not been released.
Categories and Number of Persons Covered
4 directors (excluding directors serving as Audit and Supervisory Committee members and outside directors), 5,461 shares
Intended allottee's holding policy
The shares may not be transferred, pledged as security or otherwise disposed of during the period from 27 April 2026 until the date on which the holder ceases to serve as a director of the Company.
Payment date
27 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 26 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,433. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
At the 58th Annual General Meeting of Shareholders held on 24 March 2020, approval was obtained for the plan and the payment of monetary compensation receivables of up to ¥40 million per year.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 5,461 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥2,433 per share |
| Total issue value | ¥13,286,613 |
| Payment date | 27 April 2026 |
| Intended allottee | Category 4 directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Shares 5,461 shares |
| Intended allottee's holding policy | The shares may not be transferred, pledged as security or otherwise disposed of during the period from 27 April 2026 until the date on which the holder ceases to serve as a director of the Company. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 26 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,433. No discount or premium was applied. |
| Transfer restriction period | From 27 April 2026 (the payment date) until the date on which the holder ceases to serve as a director of the Company |
| Conditions for lifting transfer restrictions | The holder must continuously remain a director of the Company throughout the service period from the date of the Company's Annual General Meeting of Shareholders immediately preceding the payment date until the date of the Company's Annual General Meeting of Shareholders held in the following year. If the holder ceases to serve as a director due to death or another reason recognized as valid by the Company's Board of Directors, part or all of the transfer restrictions will be lifted based on the prescribed calculation. |
| Reason for acquisition without consideration | At the end of the restriction period, the Company will automatically acquire without consideration any of the allotted shares for which the restrictions have not been released. |
| Categories and Number of Persons Covered | 4 directors (excluding directors serving as Audit and Supervisory Committee members and outside directors), 5,461 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥13,286,613 (the annual compensation limit under the plan is ¥40 million or less) |
| Procedures under the Corporate Code of Conduct | At the 58th Annual General Meeting of Shareholders held on 24 March 2020, approval was obtained for the plan and the payment of monetary compensation receivables of up to ¥40 million per year. |
Items this document does not state (14)
Amount of funds to be raisedEstimated 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 provide the eligible directors with an incentive to achieve sustained improvement in corporate and shareholder value over the medium to long term and to promote value sharing with shareholders. The Company also considered its performance, the scope of each eligible director's responsibilities and other relevant factors.
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.