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
0.34
% (dilution rate relative to the total number of issued shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as stock compensation
発行・処分する株式数69,500Shares
69,500 common shares of the Company (treasury shares)
Intended allottee
Sumitomo Mitsui Trust Bank, Limited (trust account) (re-trustee: Japan Custody Bank, Ltd. (trust account))
¥1,985 per share
Total issue value
¥137,957,500
発行済株式総数
0.34% (as a percentage of the total number of issued shares as of 30 September 2026). The percentage of total voting rights is 0.35%.
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Categories and Number of Persons Covered
Directors of the Company (excluding outside directors). The number of people and breakdown of the number of shares allocated are Not disclosed.
Intended allottee's holding policy
The disclosure states that the shares will be held and managed by the trust for delivery to directors who meet the beneficiary requirements in accordance with the share delivery rules under the plan.
Payment date
25 November 2026
Basis for determining the amount to be paid
The closing price of ¥1,985 on the Tokyo Stock Exchange on 6 November 2026, the business day immediately preceding the date of the Board of Directors' resolution. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
The disclosure states that an independent third party separate from the Company and its officers serves as trust administrator, but contains no statement regarding the acquisition of an independent third party's opinion or procedures for confirming shareholders' intentions.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as stock compensation |
| Number of shares to be issued or disposed of | 69,500 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,985 per share |
| Total issue value | ¥137,957,500 |
| Payment date | 25 November 2026 |
| Intended allottee | Sumitomo Mitsui Trust Bank, Limited (trust account) (re-trustee: Japan Custody Bank, Ltd. (trust account)) |
| Intended allottee's holding policy | The disclosure states that the shares will be held and managed by the trust for delivery to directors who meet the beneficiary requirements in accordance with the share delivery rules under the plan. |
| Dilution Rate | 0.34% (as a percentage of the total number of issued shares as of 30 September 2026). The percentage of total voting rights is 0.35%. |
| Total number of issued shares | 20,280,000 shares (as of 30 September 2026) → Not disclosed |
| Basis for determining the amount to be paid | The closing price of ¥1,985 on the Tokyo Stock Exchange on 6 November 2026, the business day immediately preceding the date of the Board of Directors' resolution. No discount or premium rate is stated. |
| Categories and Number of Persons Covered | Directors of the Company (excluding outside directors). The number of people and breakdown of the number of shares allocated are Not disclosed. |
| Procedures under the Corporate Code of Conduct | The disclosure states that an independent third party separate from the Company and its officers serves as trust administrator, but contains no statement regarding the acquisition of an independent third party's opinion or procedures for confirming shareholders' intentions. |
Items this document does not state (16)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / 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 clarify the linkage between directors' compensation and the value of the Company's shares and thereby contribute to improving corporate value over the medium to long term. The disposition is also intended to transfer to the trust the number of treasury shares equivalent to the number of shares expected to be delivered, taking into account the directors' positions and level of performance achievement during the extended trust period.
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.