Worth reading
57In focus
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
12664
sharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much12,664Shares
12,664 common shares (new shares)
4 of the Company's directors, excluding directors who are Audit & Supervisory Committee members11,058 shares
3 of the Company's directors who are Audit & Supervisory Committee members1,606 shares
The height of each bar represents the proportion of shares received by each allottee. The thin line below represents the number of existing shares to which these shares are added.
¥3,110 per share
Total issue value
¥39,385,040
Amount of funds to be raised
Total payment amount: ¥39,385,040; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥39 million (directors: ¥34 million; directors serving as Audit and Supervisory Committee members: ¥4 million)
Existing Shares and Increase
+0.29%Rate of increase
4,344,440 shares4,357,104Shares
0.29％
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 25 November 2026 until the date on which the holder ceases to serve as a director of the Company
Conditions for lifting transfer restrictions
The holder must continuously remain a director of the Company from 27 October 2026 until immediately before the conclusion of the first annual general meeting of shareholders held after that date. In the event of cessation of service due to death or another legitimate reason, the restrictions will be lifted in proportion to the number of months served.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any subject shares for which the transfer restrictions are not lifted, immediately after it is determined that the restrictions will not be lifted.
Categories and Number of Persons Covered
4 directors excluding directors serving as Audit and Supervisory Committee members: 11,058 shares; 3 directors serving as Audit and Supervisory Committee members: 1,606 shares
Intended allottee's holding policy
From 25 November 2026 until the date on which the holder ceases to serve as a director of the Company, the shares may not be transferred, pledged or otherwise disposed of in any way.
Payment date
25 November 2026
Basis for determining the amount to be paid
The closing price of the common shares on the Tokyo Stock Exchange Growth Market on 26 October 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥3,110. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
At the 11th Annual General Meeting of Shareholders held on 27 October 2026, approval was obtained for the payment of monetary compensation receivables under this plan and for the transfer restriction period.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 12,664 common shares (new shares) |
| Issue price and disposal price | ¥3,110 per share |
| Total issue value | ¥39,385,040 |
| Amount of funds to be raised | Total payment amount: ¥39,385,040; estimated net proceeds: Not disclosed |
| Payment date | 25 November 2026 |
| Intended allottee | Name 4 of the Company's directors, excluding directors who are Audit & Supervisory Committee members / Number of Shares 11,058 shares, Name 3 of the Company's directors who are Audit & Supervisory Committee members / Number of Shares 1,606 shares |
| Intended allottee's holding policy | From 25 November 2026 until the date on which the holder ceases to serve as a director of the Company, the shares may not be transferred, pledged or otherwise disposed of in any way. |
| Dilution Rate | 0.29％ |
| Total number of issued shares | 4,344,440 shares → 4,357,104 shares（0.29％） |
| Basis for determining the amount to be paid | The closing price of the common shares on the Tokyo Stock Exchange Growth Market on 26 October 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥3,110. No discount or premium was stated. |
| Transfer restriction period | From 25 November 2026 until the date on which the holder ceases to serve as a director of the Company |
| Conditions for lifting transfer restrictions | The holder must continuously remain a director of the Company from 27 October 2026 until immediately before the conclusion of the first annual general meeting of shareholders held after that date. In the event of cessation of service due to death or another legitimate reason, the restrictions will be lifted in proportion to the number of months served. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any subject shares for which the transfer restrictions are not lifted, immediately after it is determined that the restrictions will not be lifted. |
| Categories and Number of Persons Covered | 4 directors excluding directors serving as Audit and Supervisory Committee members: 11,058 shares; 3 directors serving as Audit and Supervisory Committee members: 1,606 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥39 million (directors: ¥34 million; directors serving as Audit and Supervisory Committee members: ¥4 million) |
| Procedures under the Corporate Code of Conduct | At the 11th Annual General Meeting of Shareholders held on 27 October 2026, approval was obtained for the payment of monetary compensation receivables under this plan and for the transfer restriction period. |
Items this document does not state (11)
Estimated 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.The purpose is to provide directors with incentives to sustainably enhance corporate value and share value with shareholders, and to provide directors serving as Audit and Supervisory Committee members with incentives to prevent impairment of corporate value and ensure the proper exercise of their supervisory function.
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