Worth reading
48Recurring
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
8900
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much8,900Shares
8,900 common shares of the Company (treasury shares)
7 directors of the Company, excluding outside directors8,900 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,182 per share
Total issue value
¥10,519,800
Amount of funds to be raised
Total amount paid in: ¥10,519,800; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation claims: ¥10,519,800. The compensation limit approved by the shareholders' meeting is up to ¥15,000 thousand 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 9 July 2026 to 8 July 2029 (3 years)
Conditions for lifting transfer restrictions
Provided that an eligible director continuously holds one of the positions of director, audit & supervisory board member, executive officer or employee of the Company or one of its subsidiaries during the transfer restriction period, all of the shares allotted under this arrangement will be released from the transfer restrictions when the period expires. In the event of resignation or retirement for a legitimate reason, the restrictions will be released in part in proportion to the number of months in office.
Reason for acquisition without consideration
If any of the shares allotted under this arrangement remain subject to transfer restrictions when the restrictions are released, the Company will acquire those shares without consideration. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares that remain subject to transfer restrictions.
Categories and Number of Persons Covered
7 directors of the Company, excluding outside directors; 8,900 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, gifted during the holder's lifetime or otherwise disposed of. The transfer restriction period runs from 9 July 2026 to 8 July 2029.
Payment date
9 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on the business day immediately preceding the date of the Board of Directors' resolution, 22 June 2026, was ¥1,182. No discount or premium rate is stated.
Impact on Business Performance
No specific impact on performance from this disposal of treasury shares is 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 | 8,900 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,182 per share |
| Total issue value | ¥10,519,800 |
| Amount of funds to be raised | Total amount paid in: ¥10,519,800; estimated net proceeds: Not disclosed |
| Payment date | 9 July 2026 |
| Intended allottee | Name 7 directors of the Company, excluding outside directors / Number of Shares 8,900 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, gifted during the holder's lifetime or otherwise disposed of. The transfer restriction period runs from 9 July 2026 to 8 July 2029. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on the business day immediately preceding the date of the Board of Directors' resolution, 22 June 2026, was ¥1,182. No discount or premium rate is stated. |
| Transfer restriction period | From 9 July 2026 to 8 July 2029 (3 years) |
| Conditions for lifting transfer restrictions | Provided that an eligible director continuously holds one of the positions of director, audit & supervisory board member, executive officer or employee of the Company or one of its subsidiaries during the transfer restriction period, all of the shares allotted under this arrangement will be released from the transfer restrictions when the period expires. In the event of resignation or retirement for a legitimate reason, the restrictions will be released in part in proportion to the number of months in office. |
| Reason for acquisition without consideration | If any of the shares allotted under this arrangement remain subject to transfer restrictions when the restrictions are released, the Company will acquire those shares without consideration. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares that remain subject to transfer restrictions. |
| Categories and Number of Persons Covered | 7 directors of the Company, excluding outside directors; 8,900 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥10,519,800. The compensation limit approved by the shareholders' meeting is up to ¥15,000 thousand per year. |
| Impact on Business Performance | No specific impact on performance from this disposal of treasury shares is 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 provide the eligible directors with an incentive to achieve sustainable enhancement of the Company's corporate value and to promote greater sharing of value between the eligible directors and shareholders. The Company also took into consideration the purpose of the system, the Company's performance and other relevant factors.
How to read this page
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