Worth reading
48Recurring
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
19684
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much19,684Shares
19,684 common shares (treasury shares)
6 directors of the Company, excluding directors who are Audit and Supervisory Committee members19,684 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,780 per share (fair value; issued at no charge)
Total issue value
¥54,721,520
Amount of funds to be raised
Total amount paid: ¥0 (issued at no charge). Approximate net proceeds: Not disclosed
Total Stock-Based Compensation
Up to ¥100 million per year (the aggregate compensation limit for the issuance of shares at no charge and in-kind contribution arrangements)
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 8 May 2026 until the date on which the recipient ceases to hold the position of director of the Company or any other position designated by the Company's Board of Directors
Conditions for lifting transfer restrictions
The recipient must continuously hold the position of director of the Company or any other position designated by the Company's Board of Directors from 8 May 2026 through 1 April 2027. However, if the recipient ceases to hold the position due to expiration of the term of office, death or another reason deemed justifiable by the Company's Board of Directors, all transfer restrictions will be lifted at the end of the restriction period. In the event of a reorganization or other similar transaction, all transfer restrictions will be lifted immediately before the business day preceding the effective date of the reorganization or other similar transaction, subject to the prescribed conditions.
Reason for acquisition without consideration
At the end of the restriction period or another prescribed date specified in the agreement, the Company will acquire without consideration any shares granted under this allocation for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
6 directors of the Company (excluding directors serving as Audit and Supervisory Committee members), 19,684 shares
Intended allottee's holding policy
From 8 May 2026 until the date on which the recipient ceases to hold the position of director of the Company or any other position designated by the Company's Board of Directors, the recipient may not transfer, create a security interest over or otherwise dispose of the shares.
Payment date
8 May 2026
Basis for determining the amount to be paid
The amount was based on the closing price of the Company's common shares on the Tokyo Stock Exchange on 9 April 2026, which was ¥2,780. Discount rate/premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
At the 11th Annual General Meeting of Shareholders held on 30 March 2021, approval was obtained for the issuance or disposal of shares and other matters under this program.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 19,684 common shares (treasury shares) |
| Issue price and disposal price | ¥2,780 per share (fair value; issued at no charge) |
| Total issue value | ¥54,721,520 |
| Amount of funds to be raised | Total amount paid: ¥0 (issued at no charge). Approximate net proceeds: Not disclosed |
| Payment date | 8 May 2026 |
| Intended allottee | Name 6 directors of the Company, excluding directors who are Audit and Supervisory Committee members / Number of Shares 19,684 shares |
| Intended allottee's holding policy | From 8 May 2026 until the date on which the recipient ceases to hold the position of director of the Company or any other position designated by the Company's Board of Directors, the recipient may not transfer, create a security interest over or otherwise dispose of the shares. |
| Basis for determining the amount to be paid | The amount was based on the closing price of the Company's common shares on the Tokyo Stock Exchange on 9 April 2026, which was ¥2,780. Discount rate/premium rate: Not disclosed |
| Transfer restriction period | From 8 May 2026 until the date on which the recipient ceases to hold the position of director of the Company or any other position designated by the Company's Board of Directors |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the position of director of the Company or any other position designated by the Company's Board of Directors from 8 May 2026 through 1 April 2027. However, if the recipient ceases to hold the position due to expiration of the term of office, death or another reason deemed justifiable by the Company's Board of Directors, all transfer restrictions will be lifted at the end of the restriction period. In the event of a reorganization or other similar transaction, all transfer restrictions will be lifted immediately before the business day preceding the effective date of the reorganization or other similar transaction, subject to the prescribed conditions. |
| Reason for acquisition without consideration | At the end of the restriction period or another prescribed date specified in the agreement, the Company will acquire without consideration any shares granted under this allocation for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | 6 directors of the Company (excluding directors serving as Audit and Supervisory Committee members), 19,684 shares |
| Total Stock-Based Compensation | Up to ¥100 million per year (the aggregate compensation limit for the issuance of shares at no charge and in-kind contribution arrangements) |
| Procedures under the Corporate Code of Conduct | At the 11th Annual General Meeting of Shareholders held on 30 March 2021, approval was obtained for the issuance or disposal of shares and other matters under this program. |
Items this document does not state (13)
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 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 encourage directors to contribute to the sustained improvement of corporate value over the medium to long term and promote the sharing of value with shareholders. The Company also took into consideration its performance and the scope of responsibilities of each director.
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.