Worth reading
47Recurring
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
23051
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much23,051Shares
23,051 shares of the Company’s common stock (treasury shares)
Directors of the Company (excluding outside directors)5 / 15,671 shares
The Company's executive officers11 / 7,380 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.
¥3,960 per share
Total issue value
¥91,281,960
Amount of funds to be raised
Total payment amount: ¥91,281,960; estimated net proceeds: Not disclosed (as the shares are compensation shares contributed in kind, this is not a conventional financing)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥91,281,960. The total amount of monetary compensation receivables related to restricted stock compensation for directors is capped at ¥180 million per year.
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 delivery date of the restricted stock until the date on which the recipient retires from the position designated in advance by the Company’s Board of Directors
Conditions for lifting transfer restrictions
The recipient must continuously hold the prescribed position until the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period, in the case of directors, or until 31 March 2027, in the case of executive officers. The terms will be reasonably adjusted in the event of retirement for a valid reason.
Reason for acquisition without consideration
If the recipient retires from the prescribed position, except where the Board of Directors recognizes a valid reason; if the transfer restrictions are not lifted because the conditions for lifting them are not met; or if the transfer restrictions have not been lifted as of the business day preceding the effective date of a corporate reorganization or similar transaction.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 5 / Number of allocated shares 15,671 shares, Category The Company's executive officers / Number of Employees 11 / Number of allocated shares 7,380 shares
Intended allottee's holding policy
The shares will be held and maintained in accounts opened with SMBC Nikko Securities Inc. until the transfer restrictions are lifted. During the restriction period, the shares may not be transferred to third parties, pledged, made subject to a security interest by way of transfer, gifted during the owner's lifetime, bequeathed or otherwise disposed of in any manner.
Payment date
13 July 2026
Basis for determining the amount to be paid
The closing price of the Company’s common stock on the Tokyo Stock Exchange on 25 June 2026, ¥3,960. No discount or premium rate has been provided.
Impact on Business Performance
No impact on the Company’s results from this disposal of treasury shares has been stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 23,051 shares of the Company’s common stock (treasury shares) |
| Issue price and disposal price | ¥3,960 per share |
| Total issue value | ¥91,281,960 |
| Amount of funds to be raised | Total payment amount: ¥91,281,960; estimated net proceeds: Not disclosed (as the shares are compensation shares contributed in kind, this is not a conventional financing) |
| Payment date | 13 July 2026 |
| Intended allottee | Name Directors of the Company (excluding outside directors) / Number of Employees 5 / Number of Shares 15,671 shares, Name The Company's executive officers / Number of Employees 11 / Number of Shares 7,380 shares |
| Intended allottee's holding policy | The shares will be held and maintained in accounts opened with SMBC Nikko Securities Inc. until the transfer restrictions are lifted. During the restriction period, the shares may not be transferred to third parties, pledged, made subject to a security interest by way of transfer, gifted during the owner's lifetime, bequeathed or otherwise disposed of in any manner. |
| Basis for determining the amount to be paid | The closing price of the Company’s common stock on the Tokyo Stock Exchange on 25 June 2026, ¥3,960. No discount or premium rate has been provided. |
| Transfer restriction period | From the delivery date of the restricted stock until the date on which the recipient retires from the position designated in advance by the Company’s Board of Directors |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the prescribed position until the date of the first annual general meeting of shareholders held after the start date of the transfer restriction period, in the case of directors, or until 31 March 2027, in the case of executive officers. The terms will be reasonably adjusted in the event of retirement for a valid reason. |
| Reason for acquisition without consideration | If the recipient retires from the prescribed position, except where the Board of Directors recognizes a valid reason; if the transfer restrictions are not lifted because the conditions for lifting them are not met; or if the transfer restrictions have not been lifted as of the business day preceding the effective date of a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 5 / Number of allocated shares 15,671 shares, Category The Company's executive officers / Number of Employees 11 / Number of allocated shares 7,380 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥91,281,960. The total amount of monetary compensation receivables related to restricted stock compensation for directors is capped at ¥180 million per year. |
| Impact on Business Performance | No impact on the Company’s results from this disposal of treasury shares has been stated. |
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 RatioProcedures under the Corporate Code of ConductMost recent equity financingMajor shareholders after the offering
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 increase recipients’ motivation to achieve the medium-term management plan and other objectives, share with shareholders the benefits and risks of share price fluctuations, and increase their motivation to contribute to higher share prices and greater corporate value.
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