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
12398
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much12,398Shares
12,398 shares of the Company's common stock (treasury shares)
2 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors): 12,398 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥742 per share
Total issue value
¥9,199,316
Amount of funds to be raised
Total payment amount: Not applicable (free-of-charge allotment method). Approximate net proceeds: Not applicable
Total Stock-Based Compensation
Up to ¥23.75 million per year, separately from the existing compensation framework, combining the free-of-charge allotment method and the in-kind contribution method
発行済株式総数
No increase (disposal of treasury shares)
As this is a disposal of treasury shares, the total number of issued shares will not increase
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
From 26 June 2026 (the allotment date) until the date on which the recipient ceases to hold the position of director of the Company
Conditions for lifting transfer restrictions
All of the allotted shares will be released from the transfer restrictions upon expiration of the restriction period, provided that the recipient continuously holds the position of director of the Company from 26 June 2026 through the conclusion of the annual general meeting of shareholders for the fiscal year ending February 2027. If the recipient ceases to hold the position due to death, expiration of the term of office or any other reason deemed legitimate by the Company's Board of Directors, the restrictions will be released for the number of shares corresponding to the recipient's months of service.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or any other prescribed date specified in the agreement, the Company will automatically acquire without consideration any shares allotted under this plan for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
2 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors): 12,398 shares
Intended allottee's holding policy
From 26 June 2026 until the date on which the recipient ceases to hold the position of director of the Company, the shares may not be transferred, pledged as collateral or otherwise disposed of.
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 27 May 2026, the business day preceding the date of the Board of Directors' resolution, was adopted as the fair value at ¥742 per share. No discount or premium rate is disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 12,398 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥742 per share |
| Total issue value | ¥9,199,316 |
| Amount of funds to be raised | Total payment amount: Not applicable (free-of-charge allotment method). Approximate net proceeds: Not applicable |
| Intended allottee | 2 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors): 12,398 shares |
| Intended allottee's holding policy | From 26 June 2026 until the date on which the recipient ceases to hold the position of director of the Company, the shares may not be transferred, pledged as collateral or otherwise disposed of. |
| Dilution Rate | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Total number of issued shares | No increase (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 27 May 2026, the business day preceding the date of the Board of Directors' resolution, was adopted as the fair value at ¥742 per share. No discount or premium rate is disclosed. |
| Transfer restriction period | From 26 June 2026 (the allotment date) until the date on which the recipient ceases to hold the position of director of the Company |
| Conditions for lifting transfer restrictions | All of the allotted shares will be released from the transfer restrictions upon expiration of the restriction period, provided that the recipient continuously holds the position of director of the Company from 26 June 2026 through the conclusion of the annual general meeting of shareholders for the fiscal year ending February 2027. If the recipient ceases to hold the position due to death, expiration of the term of office or any other reason deemed legitimate by the Company's Board of Directors, the restrictions will be released for the number of shares corresponding to the recipient's months of service. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or any other prescribed date specified in the agreement, the Company will automatically acquire without consideration any shares allotted under this plan for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | 2 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors): 12,398 shares |
| Total Stock-Based Compensation | Up to ¥23.75 million per year, separately from the existing compensation framework, combining the free-of-charge allotment method and the in-kind contribution method |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsPayment dateExercise 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 directors with an incentive to sustainably enhance corporate value and promote the sharing of value with shareholders.
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.