Worth reading
44Recurring
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
31300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much31,300Shares
31,300 common shares (treasury shares)
8 of the Company's directors (including outside directors)23,000 shares
9 of the Company's executive officers8,300 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.
¥1,323 per share
Total issue value
¥41,409,900
Total Stock-Based Compensation
Total monetary compensation receivables: ¥41,409,900
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 years (from 25 April 2026 to 24 April 2051)
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the recipient has continuously held one of the following positions during that period: director of the Company, executive officer who does not concurrently serve as a director, audit & supervisory board member, employee, or an equivalent position. If the recipient leaves office or retires upon expiration of the term of office, mandatory retirement or for another legitimate reason, the restrictions will be lifted subject to certain conditions.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any of the shares subject to this allotment for which the transfer restrictions have not been lifted upon expiration of the transfer restriction period or upon the lifting of the transfer restrictions.
Categories and Number of Persons Covered
8 of the Company's directors (including outside directors): 23,000 shares; 9 of the Company's executive officers: 8,300 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period will run from 25 April 2026 to 24 April 2051.
Payment date
24 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 25 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,323. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the 74th Annual General Meeting of Shareholders held on 26 March 2026, approval was obtained to make outside directors eligible recipients, to set an annual limit of ¥100 million on monetary compensation receivables for eligible directors, and to set an annual limit of 80,000 shares on the number of shares to be granted.
Impact on Business Performance
No impact on financial performance is 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 | 31,300 common shares (treasury shares) |
| Issue price and disposal price | ¥1,323 per share |
| Total issue value | ¥41,409,900 |
| Payment date | 24 April 2026 |
| Intended allottee | Name 8 of the Company's directors (including outside directors) / Number of Shares 23,000 shares, Name 9 of the Company's executive officers / Number of Shares 8,300 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period will run from 25 April 2026 to 24 April 2051. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 25 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,323. No discount or premium rate is stated. |
| Transfer restriction period | 25 years (from 25 April 2026 to 24 April 2051) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the recipient has continuously held one of the following positions during that period: director of the Company, executive officer who does not concurrently serve as a director, audit & supervisory board member, employee, or an equivalent position. If the recipient leaves office or retires upon expiration of the term of office, mandatory retirement or for another legitimate reason, the restrictions will be lifted subject to certain conditions. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any of the shares subject to this allotment for which the transfer restrictions have not been lifted upon expiration of the transfer restriction period or upon the lifting of the transfer restrictions. |
| Categories and Number of Persons Covered | 8 of the Company's directors (including outside directors): 23,000 shares; 9 of the Company's executive officers: 8,300 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥41,409,900 |
| Procedures under the Corporate Code of Conduct | At the 74th Annual General Meeting of Shareholders held on 26 March 2026, approval was obtained to make outside directors eligible recipients, to set an annual limit of ¥100 million on monetary compensation receivables for eligible directors, and to set an annual limit of 80,000 shares on the number of shares to be granted. |
| Impact on Business Performance | No impact on financial performance is stated. |
Items this document does not state (13)
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 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.The purpose is to provide long-term incentives, share value with shareholders, attract and appoint capable personnel as officers and employees, and further motivate each eligible director and other recipient.
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.