Worth reading
45Recurring
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
701100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as performance-linked stock compensation under the medium-term management plan
発行・処分する株式数701,100Shares
701,100 common shares of the Company (treasury shares)
Intended allottee
The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account)
¥2,614 per share
Total issue value
¥1,832,675,400
Total Stock-Based Compensation
not disclosed (additional trust funding: ¥1.3 billion, including trust compensation and trust expenses)
発行済株式総数
0.04% (as a percentage of the total number of issued shares as of 31 March 2026; also 0.04% as a percentage of the total number of voting rights)
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, excluding outside directors, and executive officers. The number of recipients and the number of shares allocated by category are not disclosed.
Payment date
not disclosed (disposal date: 6 August 2026)
Basis for determining the amount to be paid
The closing price of the Company’s shares on the Tokyo Stock Exchange on 29 June 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥2,614. No discount or premium applies.
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 was determined that obtaining an opinion from an independent third party and conducting procedures to confirm shareholders’ intentions were not required. All corporate auditors confirmed that the disposal price was reasonable and did not constitute a particularly favorable disposal price.
Impact on Business Performance
The impact on the stock market is expected to be minor.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as performance-linked stock compensation under the medium-term management plan |
| Number of shares to be issued or disposed of | 701,100 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥2,614 per share |
| Total issue value | ¥1,832,675,400 |
| Payment date | not disclosed (disposal date: 6 August 2026) |
| Intended allottee | The Master Trust Bank of Japan, Ltd. (Executive Compensation BIP Trust Account) |
| Dilution Rate | 0.04% (as a percentage of the total number of issued shares as of 31 March 2026; also 0.04% as a percentage of the total number of voting rights) |
| Total number of issued shares | 1,894,350,529 shares (as of 31 March 2026) → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company’s shares on the Tokyo Stock Exchange on 29 June 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥2,614. No discount or premium applies. |
| Categories and Number of Persons Covered | The Company’s directors, excluding outside directors, and executive officers. The number of recipients and the number of shares allocated by category are not disclosed. |
| Total Stock-Based Compensation | not disclosed (additional trust funding: ¥1.3 billion, including trust compensation and trust expenses) |
| 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 was determined that obtaining an opinion from an independent third party and conducting procedures to confirm shareholders’ intentions were not required. All corporate auditors confirmed that the disposal price was reasonable and did not constitute a particularly favorable disposal price. |
| Impact on Business Performance | The impact on the stock market is expected to be minor. |
Items this document does not state (15)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationUnderwriter / 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 Company will continue its performance-linked stock compensation plan to provide incentives to eligible directors and other officers and promote management focused on enhancing shareholder value over the medium to long term. The number of shares to be disposed of represents the maximum number of shares expected to be delivered or otherwise transferred to eligible directors and other officers during the trust period.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.