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
11800
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much11,800Shares
11,800 shares of the Company's common stock (treasury shares)
5 directors of the Company, excluding outside directors11,800 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,600 per share
Total issue value
¥30,680,000
Total Stock-Based Compensation
Total monetary compensation receivables of ¥30,680,000 (the amount of monetary compensation receivables approved by the shareholders' meeting is capped at ¥50 million per year)
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
40 years (17 April 2026 to 16 April 2066)
Conditions for lifting transfer restrictions
All transfer restrictions will be lifted upon expiry of the restricted period, provided that the eligible director has continuously held one of the following positions at the Company or one of its subsidiaries during the restricted period: director, audit & supervisory board member, advisor, executive officer, consultant or employee. If the director loses the position due to the expiration of the term of office, death or another reason deemed legitimate by the Board of Directors, the restrictions will be lifted for the number of shares corresponding to the period of service.
Reason for acquisition without consideration
If, before expiry of the restricted period, an eligible director loses an eligible position at the Company or one of its subsidiaries for any reason other than expiration of the term of office, death or another reason deemed legitimate by the Board of Directors, the Company will acquire for no consideration all shares whose transfer restrictions have not been lifted. In the event of loss of position for a legitimate reason, the Company will likewise acquire for no consideration all shares whose transfer restrictions have not been lifted, based on the period of service. In the event of a corporate reorganization or similar event, the Company will also acquire for no consideration all shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
5 directors of the Company, excluding outside directors: 11,800 shares
Intended allottee's holding policy
During the restricted period, the shares may not be transferred, pledged as collateral or otherwise disposed of. The restricted period runs from 17 April 2026 to 16 April 2066.
Payment date
17 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 25 March 2026 was ¥2,600. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
The introduction of the restricted stock compensation plan and the amount of compensation receivables, among other matters, were approved at the 37th Annual General Meeting of Shareholders held on 28 March 2018.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 11,800 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥2,600 per share |
| Total issue value | ¥30,680,000 |
| Payment date | 17 April 2026 |
| Intended allottee | Name 5 directors of the Company, excluding outside directors / Number of Shares 11,800 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred, pledged as collateral or otherwise disposed of. The restricted period runs from 17 April 2026 to 16 April 2066. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 25 March 2026 was ¥2,600. No discount or premium was stated. |
| Transfer restriction period | 40 years (17 April 2026 to 16 April 2066) |
| Conditions for lifting transfer restrictions | All transfer restrictions will be lifted upon expiry of the restricted period, provided that the eligible director has continuously held one of the following positions at the Company or one of its subsidiaries during the restricted period: director, audit & supervisory board member, advisor, executive officer, consultant or employee. If the director loses the position due to the expiration of the term of office, death or another reason deemed legitimate by the Board of Directors, the restrictions will be lifted for the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If, before expiry of the restricted period, an eligible director loses an eligible position at the Company or one of its subsidiaries for any reason other than expiration of the term of office, death or another reason deemed legitimate by the Board of Directors, the Company will acquire for no consideration all shares whose transfer restrictions have not been lifted. In the event of loss of position for a legitimate reason, the Company will likewise acquire for no consideration all shares whose transfer restrictions have not been lifted, based on the period of service. In the event of a corporate reorganization or similar event, the Company will also acquire for no consideration all shares whose transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | 5 directors of the Company, excluding outside directors: 11,800 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥30,680,000 (the amount of monetary compensation receivables approved by the shareholders' meeting is capped at ¥50 million per year) |
| Procedures under the Corporate Code of Conduct | The introduction of the restricted stock compensation plan and the amount of compensation receivables, among other matters, were approved at the 37th Annual General Meeting of Shareholders held on 28 March 2018. |
Items this document does not state (14)
Amount of funds to be raisedEstimated 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 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 provide an incentive for the sustained enhancement of the Company's corporate value and to further promote the sharing of value with shareholders.
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.