Worth reading
40Recurring
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
201089
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much201,089Shares
201,089 common shares
8 directors of the Company, including outside directors and directors who are Audit and Supervisory Committee members83,938 shares
7 employees of the Company117,151 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.
¥274 per share
Total issue value
¥55,098,386
Amount of funds to be raised
Total payment amount: ¥55,098,386; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary receivables: ¥55,098,386
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
Class I shares: from 24 April 2026 until the date on which the holder retires as a director of the Company. Class II shares: from 24 April 2026 until the date on which the holder ceases to be an employee of the Company or its subsidiaries.
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiry of the transfer restriction period, provided that the directors have continuously served in the relevant director position and the employees have continuously held the relevant employee position for the prescribed service period. If a director retires or an employee resigns for a valid reason, the number of shares for which the transfer restrictions are lifted will be reasonably adjusted.
Reason for acquisition without consideration
If a holder retires as a director or resigns as an employee without a valid reason before the end of the service period, the Company will acquire all of the relevant allocated shares without consideration. The Company will also acquire without consideration any shares for which the transfer restrictions have not been lifted upon expiry of the transfer restriction period.
Categories and Number of Persons Covered
8 directors of the Company: 83,938 shares; 7 employees of the Company: 117,151 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of.
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 24 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥274. No discount or premium rate was disclosed.
Procedures under the Corporate Code of Conduct
Approved by the Board of Directors. Yamamoto Masaki (山本正喜) did not participate in the Board of Directors' resolution concerning the issuance to himself. Whether an opinion was obtained from an independent third party: Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 201,089 common shares |
| Issue price and disposal price | ¥274 per share |
| Total issue value | ¥55,098,386 |
| Amount of funds to be raised | Total payment amount: ¥55,098,386; estimated net proceeds: Not disclosed |
| Payment date | 24 April 2026 |
| Intended allottee | Category 8 directors of the Company, including outside directors and directors who are Audit and Supervisory Committee members / Number of Shares 83,938 shares, Category 7 employees of the Company / Number of Shares 117,151 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, 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 24 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥274. No discount or premium rate was disclosed. |
| Transfer restriction period | Class I shares: from 24 April 2026 until the date on which the holder retires as a director of the Company. Class II shares: from 24 April 2026 until the date on which the holder ceases to be an employee of the Company or its subsidiaries. |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiry of the transfer restriction period, provided that the directors have continuously served in the relevant director position and the employees have continuously held the relevant employee position for the prescribed service period. If a director retires or an employee resigns for a valid reason, the number of shares for which the transfer restrictions are lifted will be reasonably adjusted. |
| Reason for acquisition without consideration | If a holder retires as a director or resigns as an employee without a valid reason before the end of the service period, the Company will acquire all of the relevant allocated shares without consideration. The Company will also acquire without consideration any shares for which the transfer restrictions have not been lifted upon expiry of the transfer restriction period. |
| Categories and Number of Persons Covered | 8 directors of the Company: 83,938 shares; 7 employees of the Company: 117,151 shares |
| Total Stock-Based Compensation | Total monetary receivables: ¥55,098,386 |
| Procedures under the Corporate Code of Conduct | Approved by the Board of Directors. Yamamoto Masaki (山本正喜) did not participate in the Board of Directors' resolution concerning the issuance to himself. Whether an opinion was obtained from an independent third party: Not disclosed. |
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 provide an incentive to achieve sustained improvement in the medium- to long-term corporate value and shareholder value of the Company and its subsidiaries, and to 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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.