Worth reading
44Recurring
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
18191
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much18,191Shares
18,191 shares of the company's common stock (treasury shares)
Directors (excluding outside directors and directors who are Audit & Supervisory Committee members)5 / 10,981 shares
Executive officers who do not concurrently serve as directors9 / 7,210 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.
¥2,285 per share
Total issue value
¥41,566,435
Amount of funds to be raised
Total payment amount: ¥41,566,435 (as the entire amount of the monetary compensation receivables granted to the recipients will be contributed in kind, estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥41,566,435. The annual compensation limit for monetary compensation receivables granted to eligible directors 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
From 24 April 2026 to 23 April 2056 (30 years)
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiration of the restriction period, provided that the recipient continuously holds a position as a director of the company, an executive officer who does not concurrently serve as a director, or an employee other than a contract employee during the restriction period. In cases of retirement or resignation upon expiration of a term of office, mandatory retirement, or another reason deemed legitimate by the Board of Directors, the restrictions will be lifted for the number of shares calculated by multiplying the shares held by a ratio corresponding to the period of service or employment. In the event of death, the restrictions will be lifted at a time separately determined by the Board of Directors. In the event of a corporate reorganization or similar transaction, the restrictions will also be lifted for a certain proportion of the shares.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or when the transfer restrictions are lifted, the company will automatically acquire without consideration any shares subject to this allocation for which the restrictions have not been lifted. In the event of a corporate reorganization or similar transaction, the company will also acquire without consideration any shares for which the restrictions have not been lifted.
Categories and Number of Persons Covered
5 directors, excluding outside directors and directors serving as Audit and Supervisory Committee members, holding 10,981 shares; 9 executive officers who do not concurrently serve as directors, holding 7,210 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of, and will be managed in dedicated accounts. The transfer restriction period runs from 24 April 2026 to 23 April 2056.
Payment date
24 April 2026
Basis for determining the amount to be paid
The closing price of the company's common stock on the Prime Market of the Tokyo Stock Exchange on 25 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,285. There is no discount or premium.
Procedures under the Corporate Code of Conduct
At the 148th Annual General Meeting of Shareholders held on 26 March 2026, the monetary compensation under this plan and the 30-year transfer restriction period were approved.
Impact on Business Performance
The disclosure does not state the specific impact of this disposal of treasury shares on business performance: Not 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 | 18,191 shares of the company's common stock (treasury shares) |
| Issue price and disposal price | ¥2,285 per share |
| Total issue value | ¥41,566,435 |
| Amount of funds to be raised | Total payment amount: ¥41,566,435 (as the entire amount of the monetary compensation receivables granted to the recipients will be contributed in kind, estimated net proceeds: Not disclosed) |
| Payment date | 24 April 2026 |
| Intended allottee | Name Directors (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 5 / Number of Shares 10,981 shares, Name Executive officers who do not concurrently serve as directors / Number of Employees 9 / Number of Shares 7,210 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of, and will be managed in dedicated accounts. The transfer restriction period runs from 24 April 2026 to 23 April 2056. |
| Basis for determining the amount to be paid | The closing price of the company's common stock on the Prime Market of the Tokyo Stock Exchange on 25 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,285. There is no discount or premium. |
| Transfer restriction period | From 24 April 2026 to 23 April 2056 (30 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the restriction period, provided that the recipient continuously holds a position as a director of the company, an executive officer who does not concurrently serve as a director, or an employee other than a contract employee during the restriction period. In cases of retirement or resignation upon expiration of a term of office, mandatory retirement, or another reason deemed legitimate by the Board of Directors, the restrictions will be lifted for the number of shares calculated by multiplying the shares held by a ratio corresponding to the period of service or employment. In the event of death, the restrictions will be lifted at a time separately determined by the Board of Directors. In the event of a corporate reorganization or similar transaction, the restrictions will also be lifted for a certain proportion of the shares. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or when the transfer restrictions are lifted, the company will automatically acquire without consideration any shares subject to this allocation for which the restrictions have not been lifted. In the event of a corporate reorganization or similar transaction, the company will also acquire without consideration any shares for which the restrictions have not been lifted. |
| Categories and Number of Persons Covered | 5 directors, excluding outside directors and directors serving as Audit and Supervisory Committee members, holding 10,981 shares; 9 executive officers who do not concurrently serve as directors, holding 7,210 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥41,566,435. The annual compensation limit for monetary compensation receivables granted to eligible directors is ¥100 million or less. |
| Procedures under the Corporate Code of Conduct | At the 148th Annual General Meeting of Shareholders held on 26 March 2026, the monetary compensation under this plan and the 30-year transfer restriction period were approved. |
| Impact on Business Performance | The disclosure does not state the specific impact of this disposal of treasury shares on business performance: Not 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.To provide medium- to long-term incentives, share value with the company's shareholders, and further motivate the eligible directors and other recipients.
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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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.