Worth reading
49Recurring
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
6440
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much6,440Shares
6,440 shares of the Company's common stock (treasury shares)
3 directors (excluding outside directors)6,440 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,203 per share
Total issue value
¥7,747,320
Amount of funds to be raised
Total payment amount: ¥7,747,320. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥7,747,320. Compensation limit: no more than ¥15 million per year
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 24 April 2026 (the payment date) until the date on which the holder ceases to be a director of the Company (or, in certain cases, a date separately determined by the Company's Board of Directors)
Conditions for lifting transfer restrictions
The holder must continuously remain a director of the Company throughout the service provision period, which runs from the date of the Company's annual general meeting of shareholders immediately preceding the payment date through the date of the Company's annual general meeting of shareholders held in the following year. If the holder ceases to be a director due to death or another reason deemed legitimate by the Company's Board of Directors, the restrictions will be lifted in proportion to the number of months in office divided by 12.
Reason for acquisition without consideration
When the transfer restriction period expires, the Company will automatically acquire without consideration any of the allocated shares for which the transfer restrictions have not been lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares for which the restrictions remain in place after the transfer restrictions are lifted.
Categories and Number of Persons Covered
3 directors (excluding outside directors) · 6,440 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of. The transfer restriction period runs from 24 April 2026 until the date on which the holder ceases to be a director of the Company.
Payment date
24 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 6 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,203. Discount rate/premium rate: Not 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 | 6,440 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,203 per share |
| Total issue value | ¥7,747,320 |
| Amount of funds to be raised | Total payment amount: ¥7,747,320. Estimated net proceeds: Not disclosed |
| Payment date | 24 April 2026 |
| Intended allottee | Category 3 directors (excluding outside directors) / Number of Shares 6,440 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of. The transfer restriction period runs from 24 April 2026 until the date on which the holder ceases to be 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 6 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,203. Discount rate/premium rate: Not disclosed |
| Transfer restriction period | From 24 April 2026 (the payment date) until the date on which the holder ceases to be a director of the Company (or, in certain cases, a date separately determined by the Company's Board of Directors) |
| Conditions for lifting transfer restrictions | The holder must continuously remain a director of the Company throughout the service provision period, which runs from the date of the Company's annual general meeting of shareholders immediately preceding the payment date through the date of the Company's annual general meeting of shareholders held in the following year. If the holder ceases to be a director due to death or another reason deemed legitimate by the Company's Board of Directors, the restrictions will be lifted in proportion to the number of months in office divided by 12. |
| Reason for acquisition without consideration | When the transfer restriction period expires, the Company will automatically acquire without consideration any of the allocated shares for which the transfer restrictions have not been lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares for which the restrictions remain in place after the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | 3 directors (excluding outside directors) · 6,440 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥7,747,320. Compensation limit: no more than ¥15 million per year |
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 provide directors with incentives to achieve sustainable increases in corporate value and shareholder value over the medium to long term, while further promoting value sharing with shareholders. The Company also took into consideration the purpose of the system, the Company's performance, the scope of responsibilities of each eligible director and other relevant circumstances.
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.