Worth reading
53Recurring
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
0.12
% (as a percentage of the total number of issued shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares (disposal to the executive compensation BIP trust)
Who receives how much345,600Shares
345,600 common shares (treasury shares)
The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account)345,600 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥4,760 per share
Total issue value
¥1,645,056,000
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
0.12% of the total number of issued shares (0.12% of the 2,816,434 total voting rights as of the end of 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.
Categories and Number of Persons Covered
The Company's directors and executive officers (the number of eligible persons and the number of shares allocated by category are Not disclosed)
Intended allottee's holding policy
In accordance with the share delivery rules, the shares will in principle be delivered to the Company's directors and executive officers.
Basis for determining the amount to be paid
The higher of the closing price of ¥4,721 on the business day preceding the date of the Board of Directors' resolution (14 May 2026) and the average closing price for the one-month period from 15 April 2026 to 14 May 2026. The actual disposal price is the one-month average closing price of ¥4,760 (rounded down to the nearest yen), representing 100.8% of the closing price on the preceding business day.
Procedures under the Corporate Code of Conduct
Because the dilution rate is less than 25% and there will be no change in the controlling shareholder, it is not necessary to obtain an opinion from an independent third party or conduct a procedure to confirm shareholders' approval. The Audit Committee stated its opinion that the basis for calculating the disposal price was reasonable and that the disposal price did not constitute a particularly favorable price.
Impact on Business Performance
The Company determined that the impact of this disposal of treasury shares would be extremely minor and reasonable.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares (disposal to the executive compensation BIP trust) |
| Number of shares to be issued or disposed of | 345,600 common shares (treasury shares) |
| Issue price and disposal price | ¥4,760 per share |
| Total issue value | ¥1,645,056,000 |
| Intended allottee | Name The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account) / Number of Shares 345,600 shares |
| Intended allottee's holding policy | In accordance with the share delivery rules, the shares will in principle be delivered to the Company's directors and executive officers. |
| Dilution Rate | 0.12% of the total number of issued shares (0.12% of the 2,816,434 total voting rights as of the end of March 2026) |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The higher of the closing price of ¥4,721 on the business day preceding the date of the Board of Directors' resolution (14 May 2026) and the average closing price for the one-month period from 15 April 2026 to 14 May 2026. The actual disposal price is the one-month average closing price of ¥4,760 (rounded down to the nearest yen), representing 100.8% of the closing price on the preceding business day. |
| Categories and Number of Persons Covered | The Company's directors and executive officers (the number of eligible persons and the number of shares allocated by category are Not disclosed) |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is less than 25% and there will be no change in the controlling shareholder, it is not necessary to obtain an opinion from an independent third party or conduct a procedure to confirm shareholders' approval. The Audit Committee stated its opinion that the basis for calculating the disposal price was reasonable and that the disposal price did not constitute a particularly favorable price. |
| Impact on Business Performance | The Company determined that the impact of this disposal of treasury shares would be extremely minor and reasonable. |
Items this document does not state (16)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offering
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 strong incentives for directors to oversee management and for executive officers to perform their duties, and to enhance motivation to improve corporate value over the medium to long term.
How to read this page
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