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
0.08
% (dilution rate relative to the total number of issued shares and total number of voting rights)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares in connection with the introduction of a share delivery scheme
発行・処分する株式数156,080Shares
156,080 common shares (treasury shares)
Intended allottee
The Master Trust Bank of Japan, Ltd. (ESOP Trust Account for Share Grants)
¥3,179 per share
発行済株式総数
No explicit statement that the total number of issued shares will not increase, as this is solely a disposal of treasury shares
0.08% of the total number of issued shares (0.08% of the total 629,016 voting rights as of 31 March 2026)
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.
Stock Split Ratio3 common shares for every 1 share, effective 1 April 2026
Categories and Number of Persons Covered
Employees of the company and its subsidiaries and other affiliated entities, excluding non-residents of Japan. The breakdown of the number of eligible employees and shares allocated is Not disclosed.
Intended allottee's holding policy
The shares will be delivered to eligible employees in accordance with the share delivery rules. The shares are not expected to flow into the stock market all at once.
Basis for determining the amount to be paid
The closing price of the company's shares on the Tokyo Stock Exchange on 8 May 2026 was ¥3,179. The company judged this price to be highly objective and reasonable because it was the market price immediately preceding the board of directors' resolution. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
Because the dilution rate is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and confirming shareholders' intentions are not required. All 5 audit & supervisory board members, including 3 outside audit & supervisory board members, expressed the opinion that the disposal price is reasonable and is not particularly favorable.
Impact on Business Performance
The impact on the stock market is minor. The purpose is to enhance employees' awareness of contributing to improved performance and increased corporate value over the medium to long term. The impact on performance in monetary terms is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares in connection with the introduction of a share delivery scheme |
| Number of shares to be issued or disposed of | 156,080 common shares (treasury shares) |
| Issue price and disposal price | ¥3,179 per share |
| Intended allottee | The Master Trust Bank of Japan, Ltd. (ESOP Trust Account for Share Grants) |
| Intended allottee's holding policy | The shares will be delivered to eligible employees in accordance with the share delivery rules. The shares are not expected to flow into the stock market all at once. |
| Dilution Rate | 0.08% of the total number of issued shares (0.08% of the total 629,016 voting rights as of 31 March 2026) |
| Total number of issued shares | No explicit statement that the total number of issued shares will not increase, as this is solely a disposal of treasury shares |
| Basis for determining the amount to be paid | The closing price of the company's shares on the Tokyo Stock Exchange on 8 May 2026 was ¥3,179. The company judged this price to be highly objective and reasonable because it was the market price immediately preceding the board of directors' resolution. No discount or premium was stated. |
| Categories and Number of Persons Covered | Employees of the company and its subsidiaries and other affiliated entities, excluding non-residents of Japan. The breakdown of the number of eligible employees and shares allocated is Not disclosed. |
| Stock Split Ratio | 3 common shares for every 1 share, effective 1 April 2026 |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is below 25% and there will be no change in the controlling shareholder, obtaining an opinion from an independent third party and confirming shareholders' intentions are not required. All 5 audit & supervisory board members, including 3 outside audit & supervisory board members, expressed the opinion that the disposal price is reasonable and is not particularly favorable. |
| Impact on Business Performance | The impact on the stock market is minor. The purpose is to enhance employees' awareness of contributing to improved performance and increased corporate value over the medium to long term. The impact on performance in monetary terms is Not disclosed. |
Items this document does not state (16)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsPayment dateExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentMost 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 express appreciation to employees, foster a sense of belonging and awareness of participation in management, and enhance their awareness of contributing to improved performance and increased 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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.