Worth reading
40Recurring
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
13541
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much13,541Shares
13,541 common shares of the Company (treasury shares)
7 directors of the Company, excluding outside directors13,541 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,551 per share
Total issue value
¥21,002,091
Amount of funds to be raised
Total payment amount: ¥21,002,091; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥21,002,091. The compensation limit is ¥100 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 the payment date until the date on which the eligible directors retire, resign or otherwise leave their positions as directors of the Company or another position designated by the Company’s Board of Directors
Conditions for lifting transfer restrictions
If an eligible director retires, resigns or otherwise leaves their position during the transfer restriction period for a valid reason, or does so as a result of death, the transfer restrictions on all of the shares allotted under this arrangement will be lifted immediately after the end of the transfer restriction period. Separate conditions for lifting the restrictions in the event of a corporate reorganization or similar event are also stipulated.
Reason for acquisition without consideration
If an eligible director retires, resigns or otherwise leaves their position without a valid reason, if any shares remain subject to transfer restrictions when the restrictions are lifted, or if any shares remain subject to transfer restrictions after the restrictions are lifted in connection with a corporate reorganization or similar event.
Offering structure
Underwriter / lead underwriter
Mizuho Securities Co., Ltd. (share administration account)
Categories and Number of Persons Covered
7 directors of the Company (excluding outside directors), 13,541 shares
Intended allottee's holding policy
From the payment date until the date on which the eligible directors retire, resign or otherwise leave their positions as directors of the Company or another position designated by the Company’s Board of Directors, they may not transfer, create security interests over, make inter vivos gifts of or otherwise dispose of the shares. The shares will be held and maintained in dedicated accounts until the transfer restrictions are lifted.
Payment date
3 August 2026
Basis for determining the amount to be paid
The closing price of the Company’s common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors’ resolution, 16 July 2026, was ¥1,551. No discount or premium rate was disclosed.
Procedures under the Corporate Code of Conduct
The restricted stock compensation plan and the compensation limit were approved at the 106th Annual General Meeting of Shareholders held on 15 July 2022 and the 109th Annual General Meeting of Shareholders held on 18 July 2025.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 13,541 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,551 per share |
| Total issue value | ¥21,002,091 |
| Amount of funds to be raised | Total payment amount: ¥21,002,091; estimated net proceeds: Not disclosed |
| Payment date | 3 August 2026 |
| Intended allottee | Name 7 directors of the Company, excluding outside directors / Number of Shares 13,541 shares |
| Intended allottee's holding policy | From the payment date until the date on which the eligible directors retire, resign or otherwise leave their positions as directors of the Company or another position designated by the Company’s Board of Directors, they may not transfer, create security interests over, make inter vivos gifts of or otherwise dispose of the shares. The shares will be held and maintained in dedicated accounts until the transfer restrictions are lifted. |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors’ resolution, 16 July 2026, was ¥1,551. No discount or premium rate was disclosed. |
| Transfer restriction period | From the payment date until the date on which the eligible directors retire, resign or otherwise leave their positions as directors of the Company or another position designated by the Company’s Board of Directors |
| Conditions for lifting transfer restrictions | If an eligible director retires, resigns or otherwise leaves their position during the transfer restriction period for a valid reason, or does so as a result of death, the transfer restrictions on all of the shares allotted under this arrangement will be lifted immediately after the end of the transfer restriction period. Separate conditions for lifting the restrictions in the event of a corporate reorganization or similar event are also stipulated. |
| Reason for acquisition without consideration | If an eligible director retires, resigns or otherwise leaves their position without a valid reason, if any shares remain subject to transfer restrictions when the restrictions are lifted, or if any shares remain subject to transfer restrictions after the restrictions are lifted in connection with a corporate reorganization or similar event. |
| Categories and Number of Persons Covered | 7 directors of the Company (excluding outside directors), 13,541 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥21,002,091. The compensation limit is ¥100 million per year. |
| Underwriter / lead underwriter | Mizuho Securities Co., Ltd. (share administration account) |
| Procedures under the Corporate Code of Conduct | The restricted stock compensation plan and the compensation limit were approved at the 106th Annual General Meeting of Shareholders held on 15 July 2022 and the 109th Annual General Meeting of Shareholders held on 18 July 2025. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsOverallotmentStock 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 raise the eligible directors’ awareness of their participation in management by having them own the Company’s shares, thereby promoting sustained enhancement of corporate value and the sharing of value with shareholders 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.