Worth reading
43Recurring
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
6500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much6,500Shares
6,500 treasury shares
4 of the Company's directors, excluding outside directors6,500 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥4,000 per share
Total issue value
¥26,000,000
Total Stock-Based Compensation
Monetary compensation receivables totaling ¥26,000,000. The compensation limit is ¥120,000,000 per year, and the annual allocation is limited to 100,000 shares.
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
6 August 2026 to 5 August 2046 (20 years)
Conditions for lifting transfer restrictions
Provided that the recipient remains a director of the Company continuously through the date of the first Annual General Meeting of Shareholders held after 6 August 2026, all of the allocated shares held at the end of the transfer restriction period will be released from the restrictions. In the event of retirement for a justifiable reason or other similar circumstances, the restrictions will be released immediately after retirement for the number of shares corresponding to the months of service.
Reason for acquisition without consideration
The Company will acquire without consideration any shares that remain subject to transfer restrictions at the end of the transfer restriction period. If the recipient retires during the prescribed period without a justifiable reason, the Company will also automatically acquire the relevant shares without consideration.
Categories and Number of Persons Covered
4 directors of the Company, excluding outside directors; 6,500 shares in total
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to a third party, pledged, used to create a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of in any manner.
Payment date
6 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 21 July 2026, ¥4,000. There is no discount or premium.
Procedures under the Corporate Code of Conduct
At the 123rd Annual General Meeting of Shareholders held on 27 June 2018, approval was obtained for the restricted stock compensation plan, the total amount of monetary compensation receivables, the annual number of shares to be allocated, the transfer restriction period and other matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 6,500 treasury shares |
| Issue price and disposal price | ¥4,000 per share |
| Total issue value | ¥26,000,000 |
| Payment date | 6 August 2026 |
| Intended allottee | Name 4 of the Company's directors, excluding outside directors / Number of Shares 6,500 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to a third party, pledged, used to create a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of in any manner. |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Tokyo Stock Exchange on 21 July 2026, ¥4,000. There is no discount or premium. |
| Transfer restriction period | 6 August 2026 to 5 August 2046 (20 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient remains a director of the Company continuously through the date of the first Annual General Meeting of Shareholders held after 6 August 2026, all of the allocated shares held at the end of the transfer restriction period will be released from the restrictions. In the event of retirement for a justifiable reason or other similar circumstances, the restrictions will be released immediately after retirement for the number of shares corresponding to the months of service. |
| Reason for acquisition without consideration | The Company will acquire without consideration any shares that remain subject to transfer restrictions at the end of the transfer restriction period. If the recipient retires during the prescribed period without a justifiable reason, the Company will also automatically acquire the relevant shares without consideration. |
| Categories and Number of Persons Covered | 4 directors of the Company, excluding outside directors; 6,500 shares in total |
| Total Stock-Based Compensation | Monetary compensation receivables totaling ¥26,000,000. The compensation limit is ¥120,000,000 per year, and the annual allocation is limited to 100,000 shares. |
| Procedures under the Corporate Code of Conduct | At the 123rd Annual General Meeting of Shareholders held on 27 June 2018, approval was obtained for the restricted stock compensation plan, the total amount of monetary compensation receivables, the annual number of shares to be allocated, the transfer restriction period and other matters. |
Items this document does not state (14)
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 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 enable directors to share with shareholders both the benefits and risks of share price fluctuations and to increase their motivation to contribute to higher share prices and enhanced corporate value.
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.