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
12393
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much12,393Shares
12,393 common shares (new shares)
5 directors (excluding outside directors)5,990 shares
11 executive officers6,403 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.
¥7,903 per share
Total issue value
¥97,941,879
Total Stock-Based Compensation
Total monetary compensation receivables of ¥97,941,879
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 the date of allotment until the date on which the relevant director or executive officer retires from both the position of director and the position of executive officer of the Company
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds the position of director or executive officer of the Company during the transfer restriction period, among other conditions, all transfer restrictions will be lifted as of the day following the recipient's retirement after the transfer restriction period expires. If the recipient retires upon expiration of the term of office, death, reaching the mandatory retirement age, or for another legitimate reason, the restrictions will be lifted on the number of shares calculated in accordance with the prescribed method.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or when the transfer restrictions are lifted, the Company will acquire without consideration any of the allotted shares for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
Category Directors (excluding outside directors) / Number of Employees 5 / Number of allocated shares 5,990 shares, Category Executive officers / Number of Employees 11 / Number of allocated shares 6,403 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The transfer restriction period runs from the date of allotment until the date on which the relevant director or executive officer retires from both the position of director and the position of executive officer of the Company.
Payment date
21 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 19 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥7,903. There was no discount or premium.
Procedures under the Corporate Code of Conduct
The introduction of the plan for eligible directors was approved at the 92nd Annual General Meeting of Shareholders held on 26 June 2018. The revision of the transfer restriction period was approved at the 100th Annual General Meeting of Shareholders held on 22 June 2026.
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 12,393 common shares (new shares) |
| Issue price and disposal price | ¥7,903 per share |
| Total issue value | ¥97,941,879 |
| Payment date | 21 July 2026 |
| Intended allottee | Name 5 directors (excluding outside directors) / Number of Shares 5,990 shares, Name 11 executive officers / Number of Shares 6,403 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. The transfer restriction period runs from the date of allotment until the date on which the relevant director or executive officer retires from both the position of director and the position of executive officer of the Company. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 19 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥7,903. There was no discount or premium. |
| Transfer restriction period | From the date of allotment until the date on which the relevant director or executive officer retires from both the position of director and the position of executive officer of the Company |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds the position of director or executive officer of the Company during the transfer restriction period, among other conditions, all transfer restrictions will be lifted as of the day following the recipient's retirement after the transfer restriction period expires. If the recipient retires upon expiration of the term of office, death, reaching the mandatory retirement age, or for another legitimate reason, the restrictions will be lifted on the number of shares calculated in accordance with the prescribed method. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or when the transfer restrictions are lifted, the Company will acquire without consideration any of the allotted shares for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors (excluding outside directors) / Number of Employees 5 / Number of allocated shares 5,990 shares, Category Executive officers / Number of Employees 11 / Number of allocated shares 6,403 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥97,941,879 |
| Procedures under the Corporate Code of Conduct | The introduction of the plan for eligible directors was approved at the 92nd Annual General Meeting of Shareholders held on 26 June 2018. The revision of the transfer restriction period was approved at the 100th Annual General Meeting of Shareholders held on 22 June 2026. |
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise 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 an incentive for the sustainable enhancement of corporate value and to promote value sharing with shareholders. The Company also states that it took into consideration the deliberations of the Compensation Advisory Committee, the purpose of the plan, the Company's performance, and the responsibilities of each recipient.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.