Worth reading
54Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
10000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much10,000Shares
10,000 common shares (new shares)
6 directors10,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,962 per share
Total issue value
¥19,620,000
Amount of funds to be raised
Total amount paid in: ¥19,620,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims of ¥19,620,000 (the compensation limit under the plan is ¥30 million per year, of which the portion for outside directors is limited to ¥6 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 24 April 2026 through 23 April 2029 (approximately 3 years)
Conditions for lifting transfer restrictions
The eligible director must continuously hold a position as either a director or employee of the Company or one of its subsidiaries throughout the service provision period, from the date of the Company's annual general meeting of shareholders immediately preceding the payment date through the date of the Company's annual general meeting of shareholders held in the following year. In the event of retirement or resignation due to death or another reason deemed legitimate by the Company's Board of Directors, the restrictions will be partially released in proportion to the number of months in office. In the event of a corporate reorganization or other similar event, the restrictions will also be released at a specified rate.
Reason for acquisition without consideration
Upon expiry of the transfer restriction period, or on the day following the date on which an eligible director retires or resigns from both a director and employee position with the Company and its subsidiaries before the end of the service provision period, the Company will acquire without consideration any allocated shares for which the transfer restrictions have not been released.
Categories and Number of Persons Covered
6 directors; 10,000 shares
Payment date
24 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,962. No discount or premium applies.
Procedures under the Corporate Code of Conduct
At the 11th Annual General Meeting of Shareholders held on 26 March 2025, approval was obtained for the plan, the transfer restriction period, the number of shares to be issued and the compensation limit.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 10,000 common shares (new shares) |
| Issue price and disposal price | ¥1,962 per share |
| Total issue value | ¥19,620,000 |
| Amount of funds to be raised | Total amount paid in: ¥19,620,000; estimated net proceeds: Not disclosed |
| Payment date | 24 April 2026 |
| Intended allottee | Category 6 directors / Number of Shares 10,000 shares |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,962. No discount or premium applies. |
| Transfer restriction period | From 24 April 2026 through 23 April 2029 (approximately 3 years) |
| Conditions for lifting transfer restrictions | The eligible director must continuously hold a position as either a director or employee of the Company or one of its subsidiaries throughout the service provision period, from the date of the Company's annual general meeting of shareholders immediately preceding the payment date through the date of the Company's annual general meeting of shareholders held in the following year. In the event of retirement or resignation due to death or another reason deemed legitimate by the Company's Board of Directors, the restrictions will be partially released in proportion to the number of months in office. In the event of a corporate reorganization or other similar event, the restrictions will also be released at a specified rate. |
| Reason for acquisition without consideration | Upon expiry of the transfer restriction period, or on the day following the date on which an eligible director retires or resigns from both a director and employee position with the Company and its subsidiaries before the end of the service provision period, the Company will acquire without consideration any allocated shares for which the transfer restrictions have not been released. |
| Categories and Number of Persons Covered | 6 directors; 10,000 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥19,620,000 (the compensation limit under the plan is ¥30 million per year, of which the portion for outside directors is limited to ¥6 million per year) |
| Procedures under the Corporate Code of Conduct | At the 11th Annual General Meeting of Shareholders held on 26 March 2025, approval was obtained for the plan, the transfer restriction period, the number of shares to be issued and the compensation limit. |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution 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 provide directors with an incentive to achieve sustained growth in the Company's corporate value and to further promote value sharing with shareholders. The Company also considered the purpose of the plan, the scope of responsibilities of each eligible director and other relevant factors.
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.