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Share Issuance and Disposal4323Japan System Techniques Co.,Ltd.Information and Communications, Services and Others

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

Japan System Techniques Co., Ltd. resolved to dispose of 142,995 treasury shares as restricted stock compensation to 4 employment-based executive officers and 1,246 employees. The shares will be allotted on 26 March 2027 and will be subject to transfer restrictions through 11 June 2032.

Worth reading
48Recurring
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
0.58
% (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 restricted stock compensation

Who receives how much142,995Shares

142,995 common shares of the Company (treasury shares)

The Company's employment-based executive officers4 / 2,000 shares
Employees of the Company1,246 people / 140,995 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.

¥1,902 per share
Total issue value

¥271,976,490

Amount of funds to be raised
Total payment amount: ¥271,976,490; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥271,976,490
発行済株式総数

0.58% (of the total number of shares issued as of 31 March 2026)

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.

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
26 March 2027 to 11 June 2032
Conditions for lifting transfer restrictions
The recipient must continuously hold a position as a director, executive officer or employee of the Company during the transfer restriction period. In the event of resignation or retirement for a legitimate reason, the restrictions will be lifted immediately after the resignation or retirement. In the event of a corporate reorganisation or similar event, the restrictions will be lifted immediately before the business day preceding the effective date.
Reason for acquisition without consideration
If, before the expiry of the transfer restriction period, the recipient resigns or retires from all positions as a director, executive officer and employee of the Company without a legitimate reason. If the transfer restrictions have not been lifted at the end of the period.
Categories and Number of Persons Covered
The Company's 4 employment-based executive officers: 2,000 shares; the Company's 1,246 employees: 140,995 shares
Intended allottee's holding policy
Transfer restrictions apply from 26 March 2027 through 11 June 2032. The shares will be held and maintained in a designated account until the transfer restrictions are lifted.
Payment date
26 March 2027
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 September 2026 was ¥1,902. No discount or premium.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Number of shares to be issued or disposed of142,995 common shares of the Company (treasury shares)
Issue price and disposal price¥1,902 per share
Total issue value¥271,976,490
Amount of funds to be raisedTotal payment amount: ¥271,976,490; estimated net proceeds: Not disclosed
Payment date26 March 2027
Intended allotteeName The Company's employment-based executive officers / Number of Employees 4 / Number of Shares 2,000 shares, Name Employees of the Company / Number of Employees 1,246 people / Number of Shares 140,995 shares
Intended allottee's holding policyTransfer restrictions apply from 26 March 2027 through 11 June 2032. The shares will be held and maintained in a designated account until the transfer restrictions are lifted.
Dilution Rate0.58% (of the total number of shares issued as of 31 March 2026)
Total number of issued shares24,836,920 shares (as of 31 March 2026) → Not disclosed
Basis for determining the amount to be paidThe closing price of the Company's common shares on the Tokyo Stock Exchange on 24 September 2026 was ¥1,902. No discount or premium.
Transfer restriction period26 March 2027 to 11 June 2032
Conditions for lifting transfer restrictionsThe recipient must continuously hold a position as a director, executive officer or employee of the Company during the transfer restriction period. In the event of resignation or retirement for a legitimate reason, the restrictions will be lifted immediately after the resignation or retirement. In the event of a corporate reorganisation or similar event, the restrictions will be lifted immediately before the business day preceding the effective date.
Reason for acquisition without considerationIf, before the expiry of the transfer restriction period, the recipient resigns or retires from all positions as a director, executive officer and employee of the Company without a legitimate reason. If the transfer restrictions have not been lifted at the end of the period.
Categories and Number of Persons CoveredThe Company's 4 employment-based executive officers: 2,000 shares; the Company's 1,246 employees: 140,995 shares
Total Stock-Based CompensationTotal monetary compensation receivables: ¥271,976,490
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 an incentive for the Company's employment-based executive officers and employees, as shareholders, to further enhance their motivation to contribute to increasing corporate value. The dilution is immaterial at 0.58%, and the Company considers the scheme reasonable in light of its purpose.

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Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | Japan System Techniques Co.,Ltd. (4323) timely disclosure | Komori