Worth reading
34Immaterial
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
11000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much11,000Shares
11,000 shares of the company’s common stock (treasury shares)
5 directors (excluding outside directors)11,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,125 per share
Total issue value
¥23,375,000
Total Stock-Based Compensation
Total monetary compensation claims of ¥23,375,000 (the annual compensation limit under this plan is ¥40 million)
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 the date of allotment until the date of retirement
Conditions for lifting transfer restrictions
The transfer restrictions on all of the allotted shares will be lifted upon expiry of the transfer restriction period, provided that the eligible director retires for a reason deemed legitimate by the company’s Board of Directors. In the event of a corporate reorganization or similar transaction, the number of shares to be released will be reasonably determined by resolution of the Board of Directors and the restrictions will be lifted before the effective date.
Reason for acquisition without consideration
The company will acquire without consideration any shares whose transfer restrictions remain in place upon expiry of the transfer restriction period. If a director retires during the term of office, the company will acquire without consideration the number of shares corresponding to the remaining period, and if certain events such as misconduct occur, it will acquire all or part of the shares without consideration.
Categories and Number of Persons Covered
5 directors (excluding outside directors), 11,000 shares
Payment date
24 April 2026
Basis for determining the amount to be paid
The closing price of ¥2,125 on the business day immediately preceding the date of the Board of Directors’ resolution. No discount or premium.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 11,000 shares of the company’s common stock (treasury shares) |
| Issue price and disposal price | ¥2,125 per share |
| Total issue value | ¥23,375,000 |
| Payment date | 24 April 2026 |
| Intended allottee | Name 5 directors (excluding outside directors) / Number of Shares 11,000 shares |
| Basis for determining the amount to be paid | The closing price of ¥2,125 on the business day immediately preceding the date of the Board of Directors’ resolution. No discount or premium. |
| Transfer restriction period | From the date of allotment until the date of retirement |
| Conditions for lifting transfer restrictions | The transfer restrictions on all of the allotted shares will be lifted upon expiry of the transfer restriction period, provided that the eligible director retires for a reason deemed legitimate by the company’s Board of Directors. In the event of a corporate reorganization or similar transaction, the number of shares to be released will be reasonably determined by resolution of the Board of Directors and the restrictions will be lifted before the effective date. |
| Reason for acquisition without consideration | The company will acquire without consideration any shares whose transfer restrictions remain in place upon expiry of the transfer restriction period. If a director retires during the term of office, the company will acquire without consideration the number of shares corresponding to the remaining period, and if certain events such as misconduct occur, it will acquire all or part of the shares without consideration. |
| Categories and Number of Persons Covered | 5 directors (excluding outside directors), 11,000 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥23,375,000 (the annual compensation limit under this plan is ¥40 million) |
Items this document does not state (16)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 provide incentives for the sustained enhancement of corporate value and promote value sharing between the directors and shareholders. The company also took into consideration the purpose of the plan, the company’s performance, and the scope of responsibilities of each eligible 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.