Worth reading
50Recurring
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
1.24
% (dilution rate relative to the total number of issued shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of Treasury Shares Through a Third-Party Allotment
Who receives how much256,000Shares
256,000 common shares (treasury shares)
The Master Trust Bank of Japan, Ltd. (ESOP Trust Account for Share Grants)256,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,965 per share
Total issue value
¥503,040,000
発行済株式総数
1.24% of the total number of issued shares, and 1.29% of the 198,011 total voting rights as of 30 September 2026
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
Employees of the Company and its domestic subsidiaries (the breakdown of the number of employees and shares allocated is Not disclosed)
Intended allottee's holding policy
The shares will be delivered to eligible employees who satisfy specified requirements in accordance with the stock delivery rules. The shares are expected to be delivered to eligible employees during the trust period, and are not expected to be released onto the stock market all at once.
Basis for determining the amount to be paid
The closing price of the Company's shares on the Tokyo Stock Exchange on 4 November 2026 was ¥1,965. As this was the market price immediately before the Board of Directors' resolution, it was judged to be highly objective and reasonable. No discount or premium rate is disclosed.
Procedures under the Corporate Code of Conduct
Because the dilution rate is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholder intentions, as stipulated in Article 432 of the Tokyo Stock Exchange's Securities Listing Regulations, are not required. The Audit and Supervisory Committee (3 members, including 2 outside directors) has stated that the basis for calculating the disposal price is reasonable and that the disposal price is not particularly favourable.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of Treasury Shares Through a Third-Party Allotment |
| Number of shares to be issued or disposed of | 256,000 common shares (treasury shares) |
| Issue price and disposal price | ¥1,965 per share |
| Total issue value | ¥503,040,000 |
| Intended allottee | Name The Master Trust Bank of Japan, Ltd. (ESOP Trust Account for Share Grants) / Number of Shares 256,000 shares |
| Intended allottee's holding policy | The shares will be delivered to eligible employees who satisfy specified requirements in accordance with the stock delivery rules. The shares are expected to be delivered to eligible employees during the trust period, and are not expected to be released onto the stock market all at once. |
| Dilution Rate | 1.24% of the total number of issued shares, and 1.29% of the 198,011 total voting rights as of 30 September 2026 |
| Total number of issued shares | Not disclosed → Not disclosed（1.24% (dilution rate relative to the total number of issued shares)） |
| Basis for determining the amount to be paid | The closing price of the Company's shares on the Tokyo Stock Exchange on 4 November 2026 was ¥1,965. As this was the market price immediately before the Board of Directors' resolution, it was judged to be highly objective and reasonable. No discount or premium rate is disclosed. |
| Categories and Number of Persons Covered | Employees of the Company and its domestic subsidiaries (the breakdown of the number of employees and shares allocated is Not disclosed) |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and conducting procedures to confirm shareholder intentions, as stipulated in Article 432 of the Tokyo Stock Exchange's Securities Listing Regulations, are not required. The Audit and Supervisory Committee (3 members, including 2 outside directors) has stated that the basis for calculating the disposal price is reasonable and that the disposal price is not particularly favourable. |
Items this document does not state (17)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / 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 dispose of treasury shares to the ESOP trust account in connection with the introduction of a stock delivery plan intended to provide incentives to employees of the Company and its domestic subsidiaries.
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.