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
22436
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much22,436Shares
22,436 common shares of the company (treasury shares)
4 of the Company's directors, excluding outside directors17,862 shares
2 of the Company's executive officers (excluding those concurrently serving as directors)4,574 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.
¥726 per share
Total issue value
¥16,288,536
Amount of funds to be raised
Total payment amount: ¥16,288,536; estimated net proceeds: ¥0 (as the shares are contributed in kind)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥16,288,536
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 10 July 2026 until immediately after the recipient resigns or retires
Conditions for lifting transfer restrictions
All of the allotted shares will be released from the transfer restrictions upon expiration of the transfer restriction period, provided that the recipient continuously holds a position as a director of the company or as an executive officer who does not concurrently serve as a director, or another equivalent position, from the payment date through immediately before the conclusion of the first Annual General Meeting of Shareholders held thereafter. If the recipient resigns or retires upon expiration of the term of office, reaching retirement age, or for another legitimate reason, the restrictions will be released for the number of shares determined based on the period of service.
Reason for acquisition without consideration
The company will automatically acquire without consideration any allotted shares that remain subject to transfer restrictions when the transfer restriction period expires. In the event of a corporate reorganization or similar transaction, the company will also acquire without consideration any shares that remain subject to transfer restrictions after the restrictions are released.
Categories and Number of Persons Covered
4 directors of the company (excluding outside directors): 17,862 shares; 2 executive officers of the company (excluding those concurrently serving as directors): 4,574 shares
Intended allottee's holding policy
The company will promote long-term, stable share ownership. During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of.
Payment date
10 July 2026
Basis for determining the amount to be paid
The closing price of the company's common shares on the Tokyo Stock Exchange on 18 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥726. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
The matter was deliberated by the Nomination and Compensation Committee, which comprises the Representative Director, President and all outside directors.
Impact on Business Performance
No impact on business results from this disposal of treasury shares 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 | 22,436 common shares of the company (treasury shares) |
| Issue price and disposal price | ¥726 per share |
| Total issue value | ¥16,288,536 |
| Amount of funds to be raised | Total payment amount: ¥16,288,536; estimated net proceeds: ¥0 (as the shares are contributed in kind) |
| Payment date | 10 July 2026 |
| Intended allottee | Name 4 of the Company's directors, excluding outside directors / Number of Shares 17,862 shares, Name 2 of the Company's executive officers (excluding those concurrently serving as directors) / Number of Shares 4,574 shares |
| Intended allottee's holding policy | The company will promote long-term, stable share ownership. 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 18 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥726. No discount or premium was applied. |
| Transfer restriction period | From 10 July 2026 until immediately after the recipient resigns or retires |
| Conditions for lifting transfer restrictions | All of the allotted shares will be released from the transfer restrictions upon expiration of the transfer restriction period, provided that the recipient continuously holds a position as a director of the company or as an executive officer who does not concurrently serve as a director, or another equivalent position, from the payment date through immediately before the conclusion of the first Annual General Meeting of Shareholders held thereafter. If the recipient resigns or retires upon expiration of the term of office, reaching retirement age, or for another legitimate reason, the restrictions will be released for the number of shares determined based on the period of service. |
| Reason for acquisition without consideration | The company will automatically acquire without consideration any allotted shares that remain subject to transfer restrictions when the transfer restriction period expires. In the event of a corporate reorganization or similar transaction, the company will also acquire without consideration any shares that remain subject to transfer restrictions after the restrictions are released. |
| Categories and Number of Persons Covered | 4 directors of the company (excluding outside directors): 17,862 shares; 2 executive officers of the company (excluding those concurrently serving as directors): 4,574 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥16,288,536 |
| Procedures under the Corporate Code of Conduct | The matter was deliberated by the Nomination and Compensation Committee, which comprises the Representative Director, President and all outside directors. |
| Impact on Business Performance | No impact on business results from this disposal of treasury shares is disclosed. |
Items this document does not state (12)
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 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.The purpose is to provide incentives for sustained increases in corporate value, promote long-term, stable share ownership, and share value with shareholders. In determining this grant, the company considered the deliberations of the Nomination and Compensation Committee, the purpose of the plan, the company's business performance, and the scope of responsibilities of each eligible director and other recipient.
How to read this page
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