Worth reading
49Recurring
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
118520
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much118,520Shares
118,520 common shares of the Company (treasury shares)
5 directors of the Company, excluding outside directors47,124 shares
17 executive officers of the Company who do not concurrently serve as directors71,396 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.
¥1,400.5 per share
Total issue value
¥165,987,260
Amount of funds to be raised
Total payment amount: ¥165,987,260. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary remuneration claims: ¥165,987,260. Monetary remuneration claims for directors covered by the plan are limited to an annual amount of no more than ¥100 million.
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
10 August 2026 to 9 August 2056 (30 years)
Conditions for lifting transfer restrictions
The transfer restrictions will be lifted upon expiration of the transfer restriction period, provided that the recipient has continuously held one of the following positions at the Company or one of its subsidiaries during the transfer restriction period: director, executive officer who does not concurrently serve as a director, audit & supervisory board member, adviser, consultant, or counsellor. If the recipient retires or leaves office due to the expiration of the term of office, death, or another legitimate reason, the transfer restrictions will be lifted immediately after the retirement or departure, although the number of shares subject to the lifting of restrictions will be calculated based on the period of service.
Reason for acquisition without consideration
If the recipient retires or leaves office from the prescribed position before the expiration of the transfer restriction period and the retirement or departure is not due to the expiration of the term of office, death, or another reason deemed legitimate by the Company's Board of Directors, the Company will automatically acquire the relevant allocated shares without consideration.
Categories and Number of Persons Covered
5 directors of the Company, excluding outside directors: 47,124 shares; 17 executive officers of the Company who do not concurrently serve as directors: 71,396 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The transfer restrictions will be lifted upon expiration of the transfer restriction period or at other applicable times, provided the relevant conditions have been met.
Payment date
10 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 9 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,400.5. Discount/premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
The Company obtained the recommendations of the Nomination and Compensation Committee, a majority of whose members are outside directors and whose chair is an outside director.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 118,520 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,400.5 per share |
| Total issue value | ¥165,987,260 |
| Amount of funds to be raised | Total payment amount: ¥165,987,260. Estimated net proceeds: Not disclosed |
| Payment date | 10 August 2026 |
| Intended allottee | Name 5 directors of the Company, excluding outside directors / Number of Shares 47,124 shares, Name 17 executive officers of the Company who do not concurrently serve as directors / Number of Shares 71,396 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The transfer restrictions will be lifted upon expiration of the transfer restriction period or at other applicable times, provided the relevant conditions have been met. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 9 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,400.5. Discount/premium rate: Not disclosed |
| Transfer restriction period | 10 August 2026 to 9 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be lifted upon expiration of the transfer restriction period, provided that the recipient has continuously held one of the following positions at the Company or one of its subsidiaries during the transfer restriction period: director, executive officer who does not concurrently serve as a director, audit & supervisory board member, adviser, consultant, or counsellor. If the recipient retires or leaves office due to the expiration of the term of office, death, or another legitimate reason, the transfer restrictions will be lifted immediately after the retirement or departure, although the number of shares subject to the lifting of restrictions will be calculated based on the period of service. |
| Reason for acquisition without consideration | If the recipient retires or leaves office from the prescribed position before the expiration of the transfer restriction period and the retirement or departure is not due to the expiration of the term of office, death, or another reason deemed legitimate by the Company's Board of Directors, the Company will automatically acquire the relevant allocated shares without consideration. |
| Categories and Number of Persons Covered | 5 directors of the Company, excluding outside directors: 47,124 shares; 17 executive officers of the Company who do not concurrently serve as directors: 71,396 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims: ¥165,987,260. Monetary remuneration claims for directors covered by the plan are limited to an annual amount of no more than ¥100 million. |
| Procedures under the Corporate Code of Conduct | The Company obtained the recommendations of the Nomination and Compensation Committee, a majority of whose members are outside directors and whose chair is an outside director. |
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 promote the sharing of value with shareholders and encourage recipients to contribute to the enhancement of 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.