Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
87,527 treasury shares
The lower thin line represents the existing number of shares to which these shares will be added.
Total payment amount: ¥199,999,195; estimated net proceeds: Not disclosed
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.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 87,527 treasury shares |
| Issue price and disposal price | ¥2,285 per share |
| Amount of funds to be raised | Total payment amount: ¥199,999,195; estimated net proceeds: Not disclosed |
| Payment date | 29 July 2026 |
| Intended allottee | Name 2 directors of the Company (excluding outside directors) / Number of Shares 87,527 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred to a third party, pledged, used to create a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of in any way. The restricted period runs from 29 July 2026 to 28 July 2029. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 13 July 2026 was ¥2,285. No discount or premium rate is stated. |
| Transfer restriction period | 29 July 2026 to 28 July 2029 (3 years) |
| Conditions for lifting transfer restrictions | The allottee must continuously hold a position as a director of the Company or one of its subsidiaries from the start of the restricted period through the date of the first ordinary general meeting of shareholders of the Company held thereafter. In the event of retirement for a valid reason, the restrictions will be released in part according to the number of months in office. |
| Reason for acquisition without consideration | If the allottee retires from all positions as a director of the Company and its subsidiaries before the day preceding the date of the first ordinary general meeting of shareholders of the Company held thereafter, unless the Board of Directors recognizes a valid reason. In addition, if any shares remain subject to transfer restrictions when the restricted period expires. In the event of a reorganization or similar transaction, the Company will acquire without consideration any shares for which the restrictions have not been released as of the business day preceding the effective date. |
| Categories and Number of Persons Covered | 2 directors of the Company, excluding outside directors; 87,527 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥199,999,195 (annual compensation limit: no more than ¥200,000 thousand) |
Items this document does not state (15)
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 align the directors' interests with shareholders by sharing the benefits and risks of share price fluctuations and to enhance their motivation to contribute to an increase in the share price and corporate value.