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
4724
SharesWording
Conditional
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much4,724Shares
4,724 treasury shares
3 directors of the Company (excluding outside directors)4,144 shares
3 executive officers who do not concurrently serve as directors of the Company580 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.
¥2,990 per share
Total issue value
¥14,124,760
Amount of funds to be raised
Total payment amount of ¥14,124,760; estimated net proceeds Not disclosed
Total Stock-Based Compensation
Total monetary claims of ¥14,124,760 (the annual compensation limit for the eligible directors is ¥60 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
From 17 July 2026 until the later of the date immediately following the recipient's retirement or resignation from the position of director, executive officer who does not concurrently serve as a director, or another equivalent position at the Company, or 1 July 2027
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds one of the positions of director, executive officer who does not concurrently serve as a director, or another equivalent position at the Company during the service period, all transfer restrictions will be lifted when the transfer restriction period expires. In the event of retirement or resignation due to expiration of the term of office or another legitimate reason, the restrictions on the number of shares corresponding to the recipient's months of service will be lifted immediately after the retirement or resignation.
Reason for acquisition without consideration
If a recipient commits a violation of laws or regulations during the transfer restriction period or meets other specified conditions set out in the restricted stock allotment agreement, the Company will acquire all shares held by the recipient without consideration. The Company will also acquire without consideration any shares whose transfer restrictions remain in place when the transfer restriction period expires or when the transfer restrictions are lifted.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 3 / Number of allocated shares 4,144 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 3 / Number of allocated shares 580 shares
Intended allottee's holding policy
During the transfer restriction period, the recipients are prohibited from transferring the shares to any third party, creating security interests over them or otherwise disposing of them in any manner. If a recipient meets certain conditions, including specified events, the Company will acquire the shares without consideration.
Payment date
17 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 22 June 2026, ¥2,990. The discount or premium rate is Not disclosed.
Procedures under the Corporate Code of Conduct
The matter was submitted for consultation to the Nomination and Compensation Committee. Obtaining opinions from other independent third parties and confirming shareholder intent are 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 | 4,724 treasury shares |
| Issue price and disposal price | ¥2,990 per share |
| Total issue value | ¥14,124,760 |
| Amount of funds to be raised | Total payment amount of ¥14,124,760; estimated net proceeds Not disclosed |
| Payment date | 17 July 2026 |
| Intended allottee | Name 3 directors of the Company (excluding outside directors) / Number of Shares 4,144 shares, Name 3 executive officers who do not concurrently serve as directors of the Company / Number of Shares 580 shares |
| Intended allottee's holding policy | During the transfer restriction period, the recipients are prohibited from transferring the shares to any third party, creating security interests over them or otherwise disposing of them in any manner. If a recipient meets certain conditions, including specified events, the Company will acquire the shares without consideration. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 22 June 2026, ¥2,990. The discount or premium rate is Not disclosed. |
| Transfer restriction period | From 17 July 2026 until the later of the date immediately following the recipient's retirement or resignation from the position of director, executive officer who does not concurrently serve as a director, or another equivalent position at the Company, or 1 July 2027 |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds one of the positions of director, executive officer who does not concurrently serve as a director, or another equivalent position at the Company during the service period, all transfer restrictions will be lifted when the transfer restriction period expires. In the event of retirement or resignation due to expiration of the term of office or another legitimate reason, the restrictions on the number of shares corresponding to the recipient's months of service will be lifted immediately after the retirement or resignation. |
| Reason for acquisition without consideration | If a recipient commits a violation of laws or regulations during the transfer restriction period or meets other specified conditions set out in the restricted stock allotment agreement, the Company will acquire all shares held by the recipient without consideration. The Company will also acquire without consideration any shares whose transfer restrictions remain in place when the transfer restriction period expires or when the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 3 / Number of allocated shares 4,144 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 3 / Number of allocated shares 580 shares |
| Total Stock-Based Compensation | Total monetary claims of ¥14,124,760 (the annual compensation limit for the eligible directors is ¥60 million) |
| Procedures under the Corporate Code of Conduct | The matter was submitted for consultation to the Nomination and Compensation Committee. Obtaining opinions from other independent third parties and confirming shareholder intent are Not disclosed. |
Items this document does not state (13)
Estimated 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.To provide the eligible directors and others with an incentive to achieve sustained growth in corporate value and promote value sharing with shareholders. The arrangement is also intended to further enhance the motivation of each eligible director and others.
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.
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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.