Worth reading
49Recurring
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
13000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of newly issued shares as performance-linked restricted stock compensation
Who receives how much13,000Shares
13,000 common shares (new shares)
3 directors (excluding directors who are Audit & Supervisory Committee members)13,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
No monetary payment or contribution of property is required. The fair value per common share is ¥1,239.
Total issue value
¥16,107,000 (total amount based on the fair value per common share)
Amount of funds to be raised
Total payment amount: Not disclosed. Estimated net proceeds: Not disclosed (no payment required)
Total Stock-Based Compensation
Within an annual amount of ¥60 million under the existing monetary compensation limit (the compensation limit under the system)
発行済株式総数
0.15% (as a percentage of the total number of issued shares as of 31 March 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.
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 22 July 2026 (the allotment date) until the date on which the recipient retires as a director who is not an Audit & Supervisory Committee Member
Conditions for lifting transfer restrictions
If a recipient retires from office due to death or any other reason that the Company’s Board of Directors considers legitimate, all transfer restrictions on the shares covered by this allotment held by the recipient will be lifted on the day following the retirement date. In the event of a corporate reorganization or similar transaction, the transfer restrictions will be lifted by resolution of the Board of Directors immediately before the business day preceding the effective date of the corporate reorganization or similar transaction.
Reason for acquisition without consideration
The Company will acquire without consideration any shares whose transfer restrictions have not been lifted upon expiry of the transfer restriction period. In addition, if a recipient receives a sentence of imprisonment or a more severe punishment, becomes subject to the filing of a petition to commence bankruptcy, civil rehabilitation or other proceedings, has assets seized or otherwise becomes subject to compulsory execution, or becomes subject to disposition for delinquent payment of taxes or public dues during the transfer restriction period, the Company will acquire the relevant shares without consideration at that time.
Categories and Number of Persons Covered
3 directors (excluding directors serving as Audit and Supervisory Committee members) · 13,000 shares
Intended allottee's holding policy
From 22 July 2026 (the allotment date) until the date on which they retire as directors who are not Audit & Supervisory Committee Members, the recipients may not transfer, create security interests over, or otherwise dispose of the shares.
Payment date
Not applicable (no payment required)
Basis for determining the amount to be paid
The closing price on the Tokyo Stock Exchange on the business day immediately preceding the unit grant date (26 June 2025) was ¥1,239. Discount rate/premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
At the 25th Annual General Meeting of Shareholders held on 23 June 2023, approval was obtained to limit the total number of common shares issued or disposed of under this system to 60,000 shares per year and the amount to ¥60 million per year, among other matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of newly issued shares as performance-linked restricted stock compensation |
| Number of shares to be issued or disposed of | 13,000 common shares (new shares) |
| Issue price and disposal price | No monetary payment or contribution of property is required. The fair value per common share is ¥1,239. |
| Total issue value | ¥16,107,000 (total amount based on the fair value per common share) |
| Amount of funds to be raised | Total payment amount: Not disclosed. Estimated net proceeds: Not disclosed (no payment required) |
| Payment date | Not applicable (no payment required) |
| Intended allottee | Name 3 directors (excluding directors who are Audit & Supervisory Committee members) / Number of Shares 13,000 shares |
| Intended allottee's holding policy | From 22 July 2026 (the allotment date) until the date on which they retire as directors who are not Audit & Supervisory Committee Members, the recipients may not transfer, create security interests over, or otherwise dispose of the shares. |
| Dilution Rate | 0.15% (as a percentage of the total number of issued shares as of 31 March 2026) |
| Basis for determining the amount to be paid | The closing price on the Tokyo Stock Exchange on the business day immediately preceding the unit grant date (26 June 2025) was ¥1,239. Discount rate/premium rate: Not disclosed |
| Transfer restriction period | From 22 July 2026 (the allotment date) until the date on which the recipient retires as a director who is not an Audit & Supervisory Committee Member |
| Conditions for lifting transfer restrictions | If a recipient retires from office due to death or any other reason that the Company’s Board of Directors considers legitimate, all transfer restrictions on the shares covered by this allotment held by the recipient will be lifted on the day following the retirement date. In the event of a corporate reorganization or similar transaction, the transfer restrictions will be lifted by resolution of the Board of Directors immediately before the business day preceding the effective date of the corporate reorganization or similar transaction. |
| Reason for acquisition without consideration | The Company will acquire without consideration any shares whose transfer restrictions have not been lifted upon expiry of the transfer restriction period. In addition, if a recipient receives a sentence of imprisonment or a more severe punishment, becomes subject to the filing of a petition to commence bankruptcy, civil rehabilitation or other proceedings, has assets seized or otherwise becomes subject to compulsory execution, or becomes subject to disposition for delinquent payment of taxes or public dues during the transfer restriction period, the Company will acquire the relevant shares without consideration at that time. |
| Categories and Number of Persons Covered | 3 directors (excluding directors serving as Audit and Supervisory Committee members) · 13,000 shares |
| Total Stock-Based Compensation | Within an annual amount of ¥60 million under the existing monetary compensation limit (the compensation limit under the system) |
| Procedures under the Corporate Code of Conduct | At the 25th Annual General Meeting of Shareholders held on 23 June 2023, approval was obtained to limit the total number of common shares issued or disposed of under this system to 60,000 shares per year and the amount to ¥60 million per year, among other matters. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsTotal 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 link directors’ compensation to the Company’s performance and share value, provide incentives for the sustained enhancement of corporate value, and promote the sharing of value between directors and shareholders.
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.
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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.