Worth reading
42Recurring
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
28945
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much28,945Shares
28,945 common shares of the Company (treasury shares)
Directors (excluding directors who are Audit and Supervisory Committee members and outside directors)4 / 21,941 shares
Delegated executive officers4 / 7,004 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.
¥942 per share
Total issue value
¥27,266,190
Total Stock-Based Compensation
Total monetary compensation claims of ¥27,266,190 (within the annual monetary compensation claims limit of ¥100 million for eligible directors)
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 10 July 2026 until the date on which the allottee ceases to hold either the position of director or delegated executive officer of the Company
Conditions for lifting transfer restrictions
The allottee must continuously hold the position of director or delegated executive officer of the Company during the period from the date of the Company's annual general meeting of shareholders immediately preceding the payment date through the date of the Company's annual general meeting of shareholders held in the following year. In the event of retirement due to death or another reason deemed justified by the Board of Directors, the restrictions will be released in part according to the number of months in office.
Reason for acquisition without consideration
At the end of the transfer restriction period, the Company will acquire for no consideration any of the allotted shares whose transfer restrictions have not been released.
Categories and Number of Persons Covered
Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 4 / Number of allocated shares 21,941 shares, Category Delegated executive officers / Number of Employees 4 / Number of allocated shares 7,004 shares
Intended allottee's holding policy
Transfers and other dispositions will be prohibited from 10 July 2026 until the date on which the allottee ceases to hold either the position of director or delegated executive officer of the Company.
Payment date
10 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 23 June 2026 was ¥942. No discount or premium applies.
Procedures under the Corporate Code of Conduct
At the 72nd Annual General Meeting of Shareholders held on 25 June 2020, approval was obtained for the payment of monetary compensation claims and the conditions for releasing the transfer restrictions, among other matters.
Impact on Business Performance
No impact on performance from this disposal of treasury shares was stated
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 28,945 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥942 per share |
| Total issue value | ¥27,266,190 |
| Payment date | 10 July 2026 |
| Intended allottee | Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 4 / Number of Shares 21,941 shares, Category Delegated executive officers / Number of Employees 4 / Number of Shares 7,004 shares |
| Intended allottee's holding policy | Transfers and other dispositions will be prohibited from 10 July 2026 until the date on which the allottee ceases to hold either the position of director or delegated executive officer of the Company. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 23 June 2026 was ¥942. No discount or premium applies. |
| Transfer restriction period | From 10 July 2026 until the date on which the allottee ceases to hold either the position of director or delegated executive officer of the Company |
| Conditions for lifting transfer restrictions | The allottee must continuously hold the position of director or delegated executive officer of the Company during the period from the date of the Company's annual general meeting of shareholders immediately preceding the payment date through the date of the Company's annual general meeting of shareholders held in the following year. In the event of retirement due to death or another reason deemed justified by the Board of Directors, the restrictions will be released in part according to the number of months in office. |
| Reason for acquisition without consideration | At the end of the transfer restriction period, the Company will acquire for no consideration any of the allotted shares whose transfer restrictions have not been released. |
| Categories and Number of Persons Covered | Category Directors (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 4 / Number of allocated shares 21,941 shares, Category Delegated executive officers / Number of Employees 4 / Number of allocated shares 7,004 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥27,266,190 (within the annual monetary compensation claims limit of ¥100 million for eligible directors) |
| Procedures under the Corporate Code of Conduct | At the 72nd Annual General Meeting of Shareholders held on 25 June 2020, approval was obtained for the payment of monetary compensation claims and the conditions for releasing the transfer restrictions, among other matters. |
| Impact on Business Performance | No impact on performance from this disposal of treasury shares was stated |
Items this document does not state (13)
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 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 provide an incentive for the sustained improvement of corporate value and shareholder value over the medium to long term, while further promoting value sharing with shareholders. The Company also considered its performance, the scope of responsibilities of each allottee and other relevant factors.
How to read this page
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