Worth reading
38Recurring
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
42000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much42,000Shares
42,000 shares of the Company's common stock (treasury shares)
4 directors of the Company42,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥543 per share
Total issue value
¥22,806,000
Amount of funds to be raised
No payment or other contribution is required. Approximate net proceeds: not applicable
Total Stock-Based Compensation
¥22,806,000 (fair value of the common shares)
発行済株式総数
No increase
As this is a disposal of treasury shares, the total number of issued shares will not increase
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.
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 2 November 2026, the allotment date, until the end of the terms of office of the Company’s directors
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds the position of director of the recipient company throughout the service period, the transfer restriction will be lifted for all of the shares allotted under this plan when the transfer restriction period expires. If the recipient’s term ends due to death or another legitimate reason, the restriction will be lifted in part according to the prescribed calculation method.
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.
Stock Split Ratio1 April 2022: 1.2 shares per share; 1 April 2023: 2 shares per share; 1 April 2024: 1.5 shares per share (disclosure concerning adjustments to past compensation limits)
Categories and Number of Persons Covered
4 directors of the Company, 42,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The transfer restriction period runs from 2 November 2026 until the end of the terms of office of the Company’s directors.
Payment date
No payment or other contribution is required. Allotment date: 2 November 2026
Basis for determining the amount to be paid
The closing price of the Company’s common stock on the Tokyo Stock Exchange Prime Market on 28 September 2026, the business day before the date of the Board of Directors’ resolution, was ¥543. No discount or premium rate was disclosed.
Procedures under the Corporate Code of Conduct
At the 46th Annual General Meeting of Shareholders held on 16 September 2021, the establishment of a remuneration limit for the grant of restricted stock was approved.
Impact on Business Performance
No specific impact of this disposal of treasury shares on business performance was 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 | 42,000 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥543 per share |
| Total issue value | ¥22,806,000 |
| Amount of funds to be raised | No payment or other contribution is required. Approximate net proceeds: not applicable |
| Payment date | No payment or other contribution is required. Allotment date: 2 November 2026 |
| Intended allottee | Name 4 directors of the Company / Number of Shares 42,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The transfer restriction period runs from 2 November 2026 until the end of the terms of office of the Company’s directors. |
| Dilution Rate | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Total number of issued shares | No increase |
| Basis for determining the amount to be paid | The closing price of the Company’s common stock on the Tokyo Stock Exchange Prime Market on 28 September 2026, the business day before the date of the Board of Directors’ resolution, was ¥543. No discount or premium rate was disclosed. |
| Transfer restriction period | From 2 November 2026, the allotment date, until the end of the terms of office of the Company’s directors |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds the position of director of the recipient company throughout the service period, the transfer restriction will be lifted for all of the shares allotted under this plan when the transfer restriction period expires. If the recipient’s term ends due to death or another legitimate reason, the restriction will be lifted in part according to the prescribed calculation method. |
| 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 | 4 directors of the Company, 42,000 shares |
| Total Stock-Based Compensation | ¥22,806,000 (fair value of the common shares) |
| Stock Split Ratio | 1 April 2022: 1.2 shares per share; 1 April 2023: 2 shares per share; 1 April 2024: 1.5 shares per share (disclosure concerning adjustments to past compensation limits) |
| Procedures under the Corporate Code of Conduct | At the 46th Annual General Meeting of Shareholders held on 16 September 2021, the establishment of a remuneration limit for the grant of restricted stock was approved. |
| Impact on Business Performance | No specific impact of this disposal of treasury shares on business performance was stated. |
Items this document does not state (9)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 an incentive for the sustained enhancement of the Group’s corporate value, increase medium- to long-term motivation, and promote value sharing with shareholders. The purpose of the plan, the Company’s business performance, the scope of each recipient’s responsibilities, and other relevant factors were also taken into consideration.
How to read this page
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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.