Worth reading
43Recurring
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
15000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much15,000Shares
15,000 shares of the Company's common stock (treasury shares)
7 directors of the Company, excluding outside directors15,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥833 per share
Total issue value
¥12,495,000
Total Stock-Based Compensation
Total monetary compensation claims of ¥12,495,000. The compensation framework under this system is capped at ¥30 million per year.
発行済株式総数
No increase (disposal of treasury shares)
As this is solely a disposal of treasury shares, the total number of issued shares will not increase
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 the payment date until the later of the date on which the recipient retires as a director of the Company or 1 July 2027.
Conditions for lifting transfer restrictions
The restrictions will be fully lifted upon expiration of the restricted transfer period, provided that the recipient has continuously held the position of director of the Company until the conclusion of the Company's first annual general meeting of shareholders held after the payment date for the shares. In the event of retirement due to death, expiration of the term of office or other legitimate reasons, the restrictions will be lifted for the number of shares determined based on the period of service.
Reason for acquisition without consideration
If the recipient retires from the position of director of the Company during the restricted transfer period without a legitimate reason, or if the restrictions remain in place when the restricted transfer period expires. Any shares that remain subject to restrictions after the restrictions have been partially lifted in connection with a corporate reorganization or similar transaction will also be acquired by the Company without consideration.
Categories and Number of Persons Covered
7 directors of the Company (excluding outside directors), 15,000 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and will be managed in a designated account.
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 6 July 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥833. No discount or premium is stated.
Procedures under the Corporate Code of Conduct
At the 144th Annual General Meeting of Shareholders held on 27 June 2024, approval was obtained to cap the total amount of monetary compensation claims for the grant of restricted stock at ¥30 million per year and the total number of common shares at 30,000 shares per year, among other matters.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 15,000 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥833 per share |
| Total issue value | ¥12,495,000 |
| Payment date | 7 August 2026 |
| Intended allottee | Name 7 directors of the Company, excluding outside directors / Number of Shares 15,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of, and will be managed in a designated account. |
| Dilution Rate | As this is solely a disposal of treasury shares, the total number of issued shares will not increase |
| Total number of issued shares | No increase (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 6 July 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥833. No discount or premium is stated. |
| Transfer restriction period | From the payment date until the later of the date on which the recipient retires as a director of the Company or 1 July 2027. |
| Conditions for lifting transfer restrictions | The restrictions will be fully lifted upon expiration of the restricted transfer period, provided that the recipient has continuously held the position of director of the Company until the conclusion of the Company's first annual general meeting of shareholders held after the payment date for the shares. In the event of retirement due to death, expiration of the term of office or other legitimate reasons, the restrictions will be lifted for the number of shares determined based on the period of service. |
| Reason for acquisition without consideration | If the recipient retires from the position of director of the Company during the restricted transfer period without a legitimate reason, or if the restrictions remain in place when the restricted transfer period expires. Any shares that remain subject to restrictions after the restrictions have been partially lifted in connection with a corporate reorganization or similar transaction will also be acquired by the Company without consideration. |
| Categories and Number of Persons Covered | 7 directors of the Company (excluding outside directors), 15,000 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥12,495,000. The compensation framework under this system is capped at ¥30 million per year. |
| Procedures under the Corporate Code of Conduct | At the 144th Annual General Meeting of Shareholders held on 27 June 2024, approval was obtained to cap the total amount of monetary compensation claims for the grant of restricted stock at ¥30 million per year and the total number of common shares at 30,000 shares per year, among other matters. |
Items this document does not state (12)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise 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 encourage the eligible directors to maintain a stronger commitment to management by holding the Company's shares, promote the sharing of value with shareholders, and enhance corporate value over the medium to long term.
How to read this page
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