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
36100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much36,100Shares
Treasury shares of common stock: 36,100 shares
The Company's directors (excluding directors who are Audit and Supervisory Committee members and outside directors) and managing executive officers8 independent officers / 36,100 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥9,315 per share
Amount of funds to be raised
Total payment amount: ¥336,271,500 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥336,271,500 (annual compensation limit: no more than ¥300 million)
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
21 July 2026 to 20 July 2056 (30 years)
Conditions for lifting transfer restrictions
All transfer restrictions will be lifted upon expiry of the transfer restriction period, provided that the recipients have continuously served as directors or otherwise held eligible positions at the Company throughout the period. If a recipient's tenure ends upon expiry of the term of office, death or another legitimate reason, the restrictions on the number of shares corresponding to the period of service will be lifted immediately after the end of the tenure or upon death.
Reason for acquisition without consideration
The Company will acquire without consideration any shares whose transfer restrictions have not been lifted upon expiry of the transfer restriction period or at the time the restrictions are otherwise lifted. If a recipient leaves office without a legitimate reason, or if the Board of Directors determines that the recipient has engaged in misconduct, including a violation of laws or regulations, during the transfer restriction period, the Company may acquire all or part of the shares without consideration.
Categories and Number of Persons Covered
Eligible directors and other recipients: 8 people, 36,100 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral, or otherwise disposed of. All transfer restrictions will be lifted upon expiry of the period, provided that the eligible directors and other recipients have continuously served as directors or otherwise held eligible positions at the Company throughout the transfer restriction period.
Payment date
21 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 22 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥9,315. The Company states that this does not constitute a particularly favourable price; the discount or premium rate is 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 | Treasury shares of common stock: 36,100 shares |
| Issue price and disposal price | ¥9,315 per share |
| Amount of funds to be raised | Total payment amount: ¥336,271,500 (estimated net proceeds: Not disclosed) |
| Payment date | 21 July 2026 |
| Intended allottee | Name The Company's directors (excluding directors who are Audit and Supervisory Committee members and outside directors) and managing executive officers / Number of Employees 8 independent officers / Number of Shares 36,100 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged as collateral, or otherwise disposed of. All transfer restrictions will be lifted upon expiry of the period, provided that the eligible directors and other recipients have continuously served as directors or otherwise held eligible positions at the Company throughout the transfer restriction period. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 22 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥9,315. The Company states that this does not constitute a particularly favourable price; the discount or premium rate is Not disclosed. |
| Transfer restriction period | 21 July 2026 to 20 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | All transfer restrictions will be lifted upon expiry of the transfer restriction period, provided that the recipients have continuously served as directors or otherwise held eligible positions at the Company throughout the period. If a recipient's tenure ends upon expiry of the term of office, death or another legitimate reason, the restrictions on the number of shares corresponding to the period of service will be lifted immediately after the end of the tenure or upon death. |
| Reason for acquisition without consideration | The Company will acquire without consideration any shares whose transfer restrictions have not been lifted upon expiry of the transfer restriction period or at the time the restrictions are otherwise lifted. If a recipient leaves office without a legitimate reason, or if the Board of Directors determines that the recipient has engaged in misconduct, including a violation of laws or regulations, during the transfer restriction period, the Company may acquire all or part of the shares without consideration. |
| Categories and Number of Persons Covered | Eligible directors and other recipients: 8 people, 36,100 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥336,271,500 (annual compensation limit: no more than ¥300 million) |
Items this document does not state (15)
Total issue valueEstimated 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 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.The purpose is to promote sustained growth in corporate value and the sharing of value with shareholders, and to provide the eligible directors and other recipients with an incentive to enhance corporate value during their tenure. In making this allocation, the Company considered the purpose of the plan, its business performance, the scope of responsibilities of each eligible director and other recipient, and other relevant circumstances.
How to read this page
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