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
1188
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much1,188Shares
Treasury shares: 1,188 common shares
The Company's directors, excluding outside directors, directors who are Audit & Supervisory Committee members, and directors eligible for medium- to long-term performance-linked, share-price-linked compensation3 / 1,188 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,835 per share
Total issue value
¥4,555,980
Amount of funds to be raised
Total payment amount: ¥4,555,980; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥4,555,980 (the annual limit for restricted stock compensation is ¥100 million or less)
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
30 years (10 July 2026 to 9 July 2056)
Conditions for lifting transfer restrictions
Provided that an eligible director continuously remains a director of the Company throughout the transfer restriction period, all of the allocated shares will be released from the transfer restriction upon expiration of that period. If an eligible director retires upon expiration of the term of office, death, reaching the mandatory retirement age, or for another legitimate reason, the number of shares to be released will be determined based on the period of service and the level of achievement of consolidated operating profit under the medium-term management plan.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been released as of the expiration of the transfer restriction period or the date on which the transfer restrictions are released.
Categories and Number of Persons Covered
3 directors of the Company, excluding outside directors, directors who are Audit & Supervisory Committee members, and directors eligible for medium- to long-term performance-linked, share-price-linked compensation; 1,188 shares
Intended allottee's holding policy
During the transfer restriction period, the recipients may not transfer, create security interests over, or otherwise dispose of the shares. The transfer restriction period runs from 10 July 2026 to 9 July 2056.
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 Prime Market on 23 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,835. No discount or premium rate is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | Treasury shares: 1,188 common shares |
| Issue price and disposal price | ¥3,835 per share |
| Total issue value | ¥4,555,980 |
| Amount of funds to be raised | Total payment amount: ¥4,555,980; estimated net proceeds: Not disclosed |
| Payment date | 10 July 2026 |
| Intended allottee | Name The Company's directors, excluding outside directors, directors who are Audit & Supervisory Committee members, and directors eligible for medium- to long-term performance-linked, share-price-linked compensation / Number of Employees 3 / Number of Shares 1,188 shares |
| Intended allottee's holding policy | During the transfer restriction period, the recipients may not transfer, create security interests over, or otherwise dispose of the shares. The transfer restriction period runs from 10 July 2026 to 9 July 2056. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 23 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,835. No discount or premium rate is stated. |
| Transfer restriction period | 30 years (10 July 2026 to 9 July 2056) |
| Conditions for lifting transfer restrictions | Provided that an eligible director continuously remains a director of the Company throughout the transfer restriction period, all of the allocated shares will be released from the transfer restriction upon expiration of that period. If an eligible director retires upon expiration of the term of office, death, reaching the mandatory retirement age, or for another legitimate reason, the number of shares to be released will be determined based on the period of service and the level of achievement of consolidated operating profit under the medium-term management plan. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been released as of the expiration of the transfer restriction period or the date on which the transfer restrictions are released. |
| Categories and Number of Persons Covered | 3 directors of the Company, excluding outside directors, directors who are Audit & Supervisory Committee members, and directors eligible for medium- to long-term performance-linked, share-price-linked compensation; 1,188 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥4,555,980 (the annual limit for restricted stock compensation is ¥100 million or less) |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise 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 clarify the linkage between the compensation of eligible directors and business performance and shareholder value, heighten their awareness of contributing to increased corporate value and managing the Company with an emphasis on shareholders, and provide incentives to promote the improvement of corporate value over the medium to long term. The disposal is also intended to secure talented personnel as officers and improve the motivation of eligible directors.
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