Worth reading
38Recurring
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
1015
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much1,015Shares
1,015 common shares (treasury shares)
3 of the Company's directors, excluding outside directors1,015 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥2,557 per share
Total issue value
¥2,595,355
Total Stock-Based Compensation
Total monetary remuneration claims of ¥2,595,355 (annual remuneration limit of ¥30 million or less)
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 later of the date on which the recipient ceases to hold any position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries, or the date on which the Company's semi-annual securities report for the fiscal year that includes the payment date is filed.
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries throughout the service period, all transfer restrictions will be lifted when the transfer restriction period expires. In the event of resignation or retirement for a valid reason, or death, the restrictions will be lifted for the number of shares corresponding to the period of service.
Reason for acquisition without consideration
If, during the transfer restriction period, the recipient ceases to hold any position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries without a valid reason. If any shares remain subject to transfer restrictions when the transfer restrictions are lifted.
Categories and Number of Persons Covered
3 directors of the Company (excluding outside directors), 1,015 shares
Intended allottee's holding policy
The recipients will hold and maintain all of the allocated shares in dedicated accounts until the transfer restrictions are lifted.
Payment date
15 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, 15 April 2026, was ¥2,557. There is no discount or premium.
Procedures under the Corporate Code of Conduct
At the 43rd Annual General Meeting of Shareholders held on 27 March 2025, approval was obtained for total monetary remuneration claims of ¥30 million or less per year, a maximum of 12,000 common shares per year, and the transfer restriction period and other related matters.
Most recent equity financing
Timing 13 February 2025 / Type Introduction of a Restricted Stock Compensation Plan / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 1,015 common shares (treasury shares) |
| Issue price and disposal price | ¥2,557 per share |
| Total issue value | ¥2,595,355 |
| Payment date | 15 May 2026 |
| Intended allottee | Name 3 of the Company's directors, excluding outside directors / Number of Shares 1,015 shares |
| Intended allottee's holding policy | The recipients will hold and maintain all of the allocated shares in dedicated accounts until the transfer restrictions are lifted. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, 15 April 2026, was ¥2,557. There is no discount or premium. |
| Transfer restriction period | From the payment date until the later of the date on which the recipient ceases to hold any position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries, or the date on which the Company's semi-annual securities report for the fiscal year that includes the payment date is filed. |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries throughout the service period, all transfer restrictions will be lifted when the transfer restriction period expires. In the event of resignation or retirement for a valid reason, or death, the restrictions will be lifted for the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If, during the transfer restriction period, the recipient ceases to hold any position as a director, Audit & Supervisory Board member, executive officer or employee of the Company or any of its subsidiaries without a valid reason. If any shares remain subject to transfer restrictions when the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | 3 directors of the Company (excluding outside directors), 1,015 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims of ¥2,595,355 (annual remuneration limit of ¥30 million or less) |
| Procedures under the Corporate Code of Conduct | At the 43rd Annual General Meeting of Shareholders held on 27 March 2025, approval was obtained for total monetary remuneration claims of ¥30 million or less per year, a maximum of 12,000 common shares per year, and the transfer restriction period and other related matters. |
| Most recent equity financing | Timing 13 February 2025 / Type Introduction of a Restricted Stock Compensation Plan / Amount Not disclosed |
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 underwriterOverallotmentStock Split RatioMajor 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 foster a greater sense of management involvement by having the eligible directors own the Company's shares, promote sustained growth in corporate value and the sharing of value with shareholders, and enhance corporate value over the medium to long term.
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.