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
5000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much5,000Shares
5,000 common shares of the Company (treasury shares)
10 directors of the Company, including 3 directors who are Audit and Supervisory Committee members5,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,097 per share
Total issue value
¥5,485,000
Amount of funds to be raised
Total amount paid in: ¥0; estimated net proceeds: ¥0 (because the shares are delivered without consideration)
Total Stock-Based Compensation
Directors, excluding directors who are Audit and Supervisory Committee members: up to ¥50 million per year; directors who are Audit and Supervisory Committee members: up to ¥10 million per year
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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 15 July 2026 to 14 July 2031 (5 years)
Conditions for lifting transfer restrictions
Provided that the eligible director has continuously held one of the positions of director, Audit and Supervisory Board member, executive officer, or employee of the Company or one of its subsidiaries throughout the applicable service period, all transfer restrictions will be lifted upon expiry of the transfer restriction period. If the director leaves office or employment for a legitimate reason or dies, the restrictions will be lifted in part based on the period of service or employment.
Reason for acquisition without consideration
If any shares remain subject to transfer restrictions when the restrictions are lifted, the Company will automatically acquire those shares without consideration. In the event of a corporate reorganization or similar transaction, the Company will also automatically acquire without consideration any shares that remain subject to transfer restrictions after the restrictions are lifted.
Categories and Number of Persons Covered
10 directors of the Company, including 3 directors who are Audit and Supervisory Committee members; 5,000 shares allocated
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, donated during the holder’s lifetime, or otherwise disposed of. The holding policy after the transfer restrictions are lifted is Not disclosed.
Basis for determining the amount to be paid
The closing price of the Company’s common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the resolution on this allocation, 15 June 2026, was ¥1,097. No discount or premium rate is stated.
Procedures under the Corporate Code of Conduct
At the 69th Annual General Meeting of Shareholders held on 28 May 2026, approval was obtained for the framework governing the total number and amount of common shares issued under this plan.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 5,000 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,097 per share |
| Total issue value | ¥5,485,000 |
| Amount of funds to be raised | Total amount paid in: ¥0; estimated net proceeds: ¥0 (because the shares are delivered without consideration) |
| Intended allottee | Name 10 directors of the Company, including 3 directors who are Audit and Supervisory Committee members / Number of Shares 5,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, donated during the holder’s lifetime, or otherwise disposed of. The holding policy after the transfer restrictions are lifted is Not disclosed. |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company’s common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the resolution on this allocation, 15 June 2026, was ¥1,097. No discount or premium rate is stated. |
| Transfer restriction period | From 15 July 2026 to 14 July 2031 (5 years) |
| Conditions for lifting transfer restrictions | Provided that the eligible director has continuously held one of the positions of director, Audit and Supervisory Board member, executive officer, or employee of the Company or one of its subsidiaries throughout the applicable service period, all transfer restrictions will be lifted upon expiry of the transfer restriction period. If the director leaves office or employment for a legitimate reason or dies, the restrictions will be lifted in part based on the period of service or employment. |
| Reason for acquisition without consideration | If any shares remain subject to transfer restrictions when the restrictions are lifted, the Company will automatically acquire those shares without consideration. In the event of a corporate reorganization or similar transaction, the Company will also automatically acquire without consideration any shares that remain subject to transfer restrictions after the restrictions are lifted. |
| Categories and Number of Persons Covered | 10 directors of the Company, including 3 directors who are Audit and Supervisory Committee members; 5,000 shares allocated |
| Total Stock-Based Compensation | Directors, excluding directors who are Audit and Supervisory Committee members: up to ¥50 million per year; directors who are Audit and Supervisory Committee members: up to ¥10 million per year |
| Procedures under the Corporate Code of Conduct | At the 69th Annual General Meeting of Shareholders held on 28 May 2026, approval was obtained for the framework governing the total number and amount of common shares issued under this plan. |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsPayment dateDilution RateExercise 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 enhance directors’ awareness of their role in management, promote sustainable growth in corporate value, and further share value with shareholders. For directors who are Audit and Supervisory Committee members, to provide incentives to enhance corporate value and prevent its impairment.
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.