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
160000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares through a third-party allotment (disposal to the trust for the performance-linked share-based compensation plan for officers)
発行・処分する株式数160,000Shares
160,000 treasury shares
Intended allottee
株式会社日本カストディ銀行 (Trust Account)
¥1,780 per share
Amount of funds to be raised
Total payment amount: ¥284,800,000; estimated net proceeds: Not disclosed
発行済株式総数
0.58% of the total number of shares issued and 0.62% of the total number of voting rights
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
Directors and executive officers (number of eligible persons and number of shares allotted: Not disclosed; excluding outside directors and non-residents of Japan)
Payment date
8 May 2026
Basis for determining the amount to be paid
The closing price of the Company's shares on the Tokyo Stock Exchange on 20 April 2026 was ¥1,780. The deviations from the average closing price were 1.19% for 1 month (23 March 2026 to 20 April 2026), 0.39% for 3 months (21 January 2026 to 20 April 2026), and 4.64% for 6 months (21 October 2025 to 20 April 2026).
Procedures under the Corporate Code of Conduct
As the dilution rate is below 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and seeking shareholder approval are not required. All 4 Audit & Supervisory Board members expressed the opinion that the disposal price is lawful and does not constitute a price particularly favorable to the prospective allottee.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares through a third-party allotment (disposal to the trust for the performance-linked share-based compensation plan for officers) |
| Number of shares to be issued or disposed of | 160,000 treasury shares |
| Issue price and disposal price | ¥1,780 per share |
| Amount of funds to be raised | Total payment amount: ¥284,800,000; estimated net proceeds: Not disclosed |
| Payment date | 8 May 2026 |
| Intended allottee | 株式会社日本カストディ銀行 (Trust Account) |
| Dilution Rate | 0.58% of the total number of shares issued and 0.62% of the total number of voting rights |
| Total number of issued shares | 27,485,531 shares (as of 30 November 2025) → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company's shares on the Tokyo Stock Exchange on 20 April 2026 was ¥1,780. The deviations from the average closing price were 1.19% for 1 month (23 March 2026 to 20 April 2026), 0.39% for 3 months (21 January 2026 to 20 April 2026), and 4.64% for 6 months (21 October 2025 to 20 April 2026). |
| Categories and Number of Persons Covered | Directors and executive officers (number of eligible persons and number of shares allotted: Not disclosed; excluding outside directors and non-residents of Japan) |
| Procedures under the Corporate Code of Conduct | As the dilution rate is below 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and seeking shareholder approval are not required. All 4 Audit & Supervisory Board members expressed the opinion that the disposal price is lawful and does not constitute a price particularly favorable to the prospective allottee. |
Items this document does not state (17)
Total issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyExercise 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.The Company will dispose of treasury shares to Custody Bank of Japan, Ltd. (Trust Account), the re-trustee of the trustee of the trust, for the introduction of a performance-linked share-based compensation plan for officers. The number of shares to be disposed of is equivalent to the total number of shares expected to be granted over 4 fiscal years.
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.