Worth reading
42Recurring
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
19300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much19,300Shares
19,300 shares of the Company's common stock (disposal of treasury shares, not an issuance of new shares)
Directors who are not Audit & Supervisory Committee members3 / 11,800 shares
Executive officers9 / 7,500 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
¥3,170 per share
Total issue value
¥61,181,000
Total Stock-Based Compensation
Total monetary compensation receivables: ¥61,181,000
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 payment date until the date on which the eligible director ceases to hold the position of director of the Company
Conditions for lifting transfer restrictions
The transfer restrictions will be lifted in full upon expiration of the restriction period, provided that the eligible director continuously holds the position of director of the Company from the payment date through the conclusion of the ordinary general meeting of shareholders for the fiscal year ending March 2027. If the director ceases to hold the position for a valid reason, the restrictions will be lifted for the number of shares corresponding to the period of service. The terms for executive officers are substantially similar.
Reason for acquisition without consideration
At the expiration of the restricted transfer period or another time specified in the agreement, the Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been lifted.
Stock Split Ratio2-for-1 stock split, with 1 April 2025 as the record date
Categories and Number of Persons Covered
Category Directors who are not Audit & Supervisory Committee members / Number of Employees 3 / Number of allocated shares 11,800 shares, Category Executive officers / Number of Employees 9 / Number of allocated shares 7,500 shares
Intended allottee's holding policy
The shares may not be transferred, pledged as collateral or otherwise disposed of from the payment date until the date on which the eligible director ceases to hold the position of director of the Company. The executive officers will enter into agreements with substantially similar terms.
Payment date
7 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 15 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,170. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
Approval for the restricted stock compensation plan and the payment of monetary compensation receivables was obtained at the 71st ordinary general meeting of shareholders held on 25 June 2020 and the 77th ordinary general meeting of shareholders held on 25 June 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 19,300 shares of the Company's common stock (disposal of treasury shares, not an issuance of new shares) |
| Issue price and disposal price | ¥3,170 per share |
| Total issue value | ¥61,181,000 |
| Payment date | 7 August 2026 |
| Intended allottee | Category Directors who are not Audit & Supervisory Committee members / Number of Employees 3 / Number of Shares 11,800 shares, Category Executive officers / Number of Employees 9 / Number of Shares 7,500 shares |
| Intended allottee's holding policy | The shares may not be transferred, pledged as collateral or otherwise disposed of from the payment date until the date on which the eligible director ceases to hold the position of director of the Company. The executive officers will enter into agreements with substantially similar terms. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 15 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,170. No discount or premium was applied. |
| Transfer restriction period | From the payment date until the date on which the eligible director ceases to hold the position of director of the Company |
| Conditions for lifting transfer restrictions | The transfer restrictions will be lifted in full upon expiration of the restriction period, provided that the eligible director continuously holds the position of director of the Company from the payment date through the conclusion of the ordinary general meeting of shareholders for the fiscal year ending March 2027. If the director ceases to hold the position for a valid reason, the restrictions will be lifted for the number of shares corresponding to the period of service. The terms for executive officers are substantially similar. |
| Reason for acquisition without consideration | At the expiration of the restricted transfer period or another time specified in the agreement, the Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors who are not Audit & Supervisory Committee members / Number of Employees 3 / Number of allocated shares 11,800 shares, Category Executive officers / Number of Employees 9 / Number of allocated shares 7,500 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥61,181,000 |
| Stock Split Ratio | 2-for-1 stock split, with 1 April 2025 as the record date |
| Procedures under the Corporate Code of Conduct | Approval for the restricted stock compensation plan and the payment of monetary compensation receivables was obtained at the 71st ordinary general meeting of shareholders held on 25 June 2020 and the 77th ordinary general meeting of shareholders held on 25 June 2026. |
Items this document does not state (13)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 directors and executive officers with incentives to achieve sustained growth in corporate value and share value with shareholders. For directors, the purpose is also to provide incentives to prevent damage to corporate value and maintain credibility.
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.