Worth reading
58In focus
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
1190419
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much653Shares
653 common shares (new shares)
4 directors of the Company (excluding outside directors)653 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,823 per share
Total issue value
¥1,190,419
Amount of funds to be raised
Total monetary compensation receivables contributed in kind: ¥1,190,419; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥1,190,419. The annual compensation limit is ¥100 million, and the total number of shares is limited to 8,000 shares 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 20 November 2026 to 19 November 2029 (3 years)
Conditions for lifting transfer restrictions
The recipient must continuously hold the position of director of the company or one of its subsidiaries from the payment date until the conclusion of the first annual general meeting of shareholders to be held thereafter, and the transfer restriction period must expire. In the event of resignation or retirement for a legitimate reason, part of the restriction will be lifted in proportion to the period of service.
Reason for acquisition without consideration
If the recipient resigns or retires during the transfer restriction period without a legitimate reason, or if any shares remain subject to the restriction when the transfer restriction is lifted. In the event of a corporate reorganization or similar event, the company will acquire the shares that remain subject to the restriction without consideration.
Categories and Number of Persons Covered
4 directors of the company (excluding outside directors), 653 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and must be held and maintained in a designated account until the transfer restrictions are lifted.
Payment date
20 November 2026
Basis for determining the amount to be paid
The closing price of the company's common shares on the Tokyo Stock Exchange on 20 October 2026 was ¥1,823. The discount and premium rates were 0% (the same as the closing price).
Procedures under the Corporate Code of Conduct
A written resolution, including an electronic record, adopted in lieu of a resolution of the board of directors pursuant to Article 370 of the Companies Act and Article 26 of the Articles of Incorporation, dated 21 October 2026.
Impact on Business Performance
The impact of this issuance of new shares on financial results was Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 653 common shares (new shares) |
| Issue price and disposal price | ¥1,823 per share |
| Total issue value | ¥1,190,419 |
| Amount of funds to be raised | Total monetary compensation receivables contributed in kind: ¥1,190,419; estimated net proceeds: Not disclosed |
| Payment date | 20 November 2026 |
| Intended allottee | Name 4 directors of the Company (excluding outside directors) / Number of Shares 653 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and must be held and maintained in a designated account 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 20 October 2026 was ¥1,823. The discount and premium rates were 0% (the same as the closing price). |
| Transfer restriction period | From 20 November 2026 to 19 November 2029 (3 years) |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the position of director of the company or one of its subsidiaries from the payment date until the conclusion of the first annual general meeting of shareholders to be held thereafter, and the transfer restriction period must expire. In the event of resignation or retirement for a legitimate reason, part of the restriction will be lifted in proportion to the period of service. |
| Reason for acquisition without consideration | If the recipient resigns or retires during the transfer restriction period without a legitimate reason, or if any shares remain subject to the restriction when the transfer restriction is lifted. In the event of a corporate reorganization or similar event, the company will acquire the shares that remain subject to the restriction without consideration. |
| Categories and Number of Persons Covered | 4 directors of the company (excluding outside directors), 653 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥1,190,419. The annual compensation limit is ¥100 million, and the total number of shares is limited to 8,000 shares per year. |
| Procedures under the Corporate Code of Conduct | A written resolution, including an electronic record, adopted in lieu of a resolution of the board of directors pursuant to Article 370 of the Companies Act and Article 26 of the Articles of Incorporation, dated 21 October 2026. |
| Impact on Business Performance | The impact of this issuance of new shares on financial results was Not disclosed |
Items this document does not state (12)
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 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 increase directors' awareness of their participation in management by having them hold shares, promote the sharing of value with shareholders and enhance corporate value 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.