Worth reading
56In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
26250
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much26,250Shares
26,250 common shares of the Company
The Company's directors, excluding directors serving on the Audit and Supervisory Committee, outside directors and non-executive directors4 / 17,250 shares
The Company's executive officers who do not concurrently serve as directors, excluding non-residents of Japan5 / 9,000 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.
¥1,289 per share
Total issue value
¥33,836,250
Amount of funds to be raised
As the entire amount of these monetary claims will be contributed in kind, the total payment amount is ¥33,836,250, and the estimated net proceeds are Not disclosed
Total Stock-Based Compensation
Total monetary claims: ¥33,836,250
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 28 July 2026 until immediately after the recipient ceases to hold any position as a director of the Company, an executive officer who does not concurrently serve as a director, an adviser, counselor, employee or any other equivalent position
Conditions for lifting transfer restrictions
Subject to the recipient continuously holding one of the Company's positions as a director, an executive officer who does not concurrently serve as a director, an adviser, counselor, employee or any other equivalent position throughout the service provision period, all of the restrictions will be released upon expiration of the restricted period. If the recipient ceases to hold the position due to expiration of the term of office, mandatory retirement or another legitimate reason, a specified percentage of the restrictions will be released immediately after the recipient's departure or retirement.
Reason for acquisition without consideration
If the recipient engages in a violation of laws or regulations during the restricted period or falls under any other specified event set out in the restricted stock allocation agreement, the Company will acquire without consideration the shares for which the restrictions have not been released. The Company will also acquire all or part of the shares without consideration if the Board of Directors determines that there has been a material breach of contract or other specified event.
Categories and Number of Persons Covered
4 directors of the Company: 17,250 shares; 5 executive officers who do not concurrently serve as directors: 9,000 shares
Intended allottee's holding policy
During the restricted period, transfers to third parties, the creation of security interests and all other dispositions are prohibited, and the shares will be managed in dedicated accounts.
Payment date
28 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Prime Market of the Tokyo Stock Exchange on 26 June 2026 was ¥1,289. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
The resolution was approved by the Board of Directors following deliberation by the Nomination and Compensation Committee. No independent third-party opinion or confirmation of shareholder intent was stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 26,250 common shares of the Company |
| Issue price and disposal price | ¥1,289 per share |
| Total issue value | ¥33,836,250 |
| Amount of funds to be raised | As the entire amount of these monetary claims will be contributed in kind, the total payment amount is ¥33,836,250, and the estimated net proceeds are Not disclosed |
| Payment date | 28 July 2026 |
| Intended allottee | Name The Company's directors, excluding directors serving on the Audit and Supervisory Committee, outside directors and non-executive directors / Number of Employees 4 / Number of Shares 17,250 shares, Name The Company's executive officers who do not concurrently serve as directors, excluding non-residents of Japan / Number of Employees 5 / Number of Shares 9,000 shares |
| Intended allottee's holding policy | During the restricted period, transfers to third parties, the creation of security interests and all other dispositions are prohibited, and the shares will be managed in dedicated accounts. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Prime Market of the Tokyo Stock Exchange on 26 June 2026 was ¥1,289. No discount or premium rate was stated. |
| Transfer restriction period | From 28 July 2026 until immediately after the recipient ceases to hold any position as a director of the Company, an executive officer who does not concurrently serve as a director, an adviser, counselor, employee or any other equivalent position |
| Conditions for lifting transfer restrictions | Subject to the recipient continuously holding one of the Company's positions as a director, an executive officer who does not concurrently serve as a director, an adviser, counselor, employee or any other equivalent position throughout the service provision period, all of the restrictions will be released upon expiration of the restricted period. If the recipient ceases to hold the position due to expiration of the term of office, mandatory retirement or another legitimate reason, a specified percentage of the restrictions will be released immediately after the recipient's departure or retirement. |
| Reason for acquisition without consideration | If the recipient engages in a violation of laws or regulations during the restricted period or falls under any other specified event set out in the restricted stock allocation agreement, the Company will acquire without consideration the shares for which the restrictions have not been released. The Company will also acquire all or part of the shares without consideration if the Board of Directors determines that there has been a material breach of contract or other specified event. |
| Categories and Number of Persons Covered | 4 directors of the Company: 17,250 shares; 5 executive officers who do not concurrently serve as directors: 9,000 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥33,836,250 |
| Procedures under the Corporate Code of Conduct | The resolution was approved by the Board of Directors following deliberation by the Nomination and Compensation Committee. No independent third-party opinion or confirmation of shareholder intent was stated. |
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 provide the eligible directors and other recipients with an incentive to achieve sustained growth in corporate value and to further promote value sharing with shareholders toward improving corporate value over the medium to long term.
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