Worth reading
48Recurring
Scored from 4 of 5 sectionsDirection
Neutral
Direction inferred from the company’s description.Scale
14200
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much14,200Shares
14,200 common shares (new shares)
2 of the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors7,800 shares
2 of the Company's executive officers who do not concurrently serve as directors6,400 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.
Issue price/disposal price: ¥383 per share
Total issue value
¥5,438,600
Total Stock-Based Compensation
Total monetary compensation claims of ¥5,438,600 (the total amount of monetary compensation claims for the eligible directors is limited to ¥50 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 the payment date until the date on which the holder leaves office or employment in any capacity as a director, Audit and Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries
Conditions for lifting transfer restrictions
The restrictions will be fully lifted upon expiration of the restricted period, provided that the holder continuously remains in the applicable position until the close of the Company's first annual general meeting following the payment date (or until the end of the Company's first fiscal year following the payment date for executive officers). In the event of leaving office or employment for a valid reason or death, the restrictions will be lifted on a number of shares corresponding to the period of service.
Reason for acquisition without consideration
If the holder leaves office or employment during the restricted period without a valid reason, if any shares remain subject to the restrictions when the restrictions are lifted, or if any shares remain subject to the restrictions after a partial lifting in connection with a corporate reorganization or similar event.
Stock Split Ratio2 shares for each share effective 1 September 2021, and 3 shares for each share effective 1 January 2024.
Categories and Number of Persons Covered
2 of the Company's directors (excluding directors who are Audit and Supervisory Committee members and outside directors): 7,800 shares; 2 of the Company's executive officers who do not concurrently serve as directors: 6,400 shares
Intended allottee's holding policy
The shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of from the payment date until the date on which the holder leaves office or employment in any capacity as a director, Audit and Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries.
Payment date
18 September 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors' resolution, 18 August 2026, was ¥383. There was no discount or premium.
Procedures under the Corporate Code of Conduct
Written resolution of the Board of Directors pursuant to Article 370 of the Companies Act and Article 26 of the Articles of Incorporation.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 14,200 common shares (new shares) |
| Issue price and disposal price | Issue price/disposal price: ¥383 per share |
| Total issue value | ¥5,438,600 |
| Payment date | 18 September 2026 |
| Intended allottee | Name 2 of the Company's directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Shares 7,800 shares, Name 2 of the Company's executive officers who do not concurrently serve as directors / Number of Shares 6,400 shares |
| Intended allottee's holding policy | The shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of from the payment date until the date on which the holder leaves office or employment in any capacity as a director, Audit and Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day preceding the date of the Board of Directors' resolution, 18 August 2026, was ¥383. There was no discount or premium. |
| Transfer restriction period | From the payment date until the date on which the holder leaves office or employment in any capacity as a director, Audit and Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries |
| Conditions for lifting transfer restrictions | The restrictions will be fully lifted upon expiration of the restricted period, provided that the holder continuously remains in the applicable position until the close of the Company's first annual general meeting following the payment date (or until the end of the Company's first fiscal year following the payment date for executive officers). In the event of leaving office or employment for a valid reason or death, the restrictions will be lifted on a number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If the holder leaves office or employment during the restricted period without a valid reason, if any shares remain subject to the restrictions when the restrictions are lifted, or if any shares remain subject to the restrictions after a partial lifting in connection with a corporate reorganization or similar event. |
| Categories and Number of Persons Covered | 2 of the Company's directors (excluding directors who are Audit and Supervisory Committee members and outside directors): 7,800 shares; 2 of the Company's executive officers who do not concurrently serve as directors: 6,400 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥5,438,600 (the total amount of monetary compensation claims for the eligible directors is limited to ¥50 million per year) |
| Stock Split Ratio | 2 shares for each share effective 1 September 2021, and 3 shares for each share effective 1 January 2024. |
| Procedures under the Corporate Code of Conduct | Written resolution of the Board of Directors pursuant to Article 370 of the Companies Act and Article 26 of the Articles of Incorporation. |
Items this document does not state (13)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 and executive officers with incentives to achieve sustained growth in corporate value and promote value sharing with shareholders, thereby enhancing corporate value over the medium to long term. The Company also took into account its business performance and other relevant circumstances.
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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