Komori
Share Issuance and Disposal5918The Takigami Steel Construction Co.,Ltd.Construction and Materials

Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation

The Company resolved to have 8 directors contribute monetary remuneration claims totaling ¥20,726,320 in kind and dispose of 2,911 treasury shares as restricted stock. The shares generally may not be transferred until the directors cease to hold their positions, and the restrictions will be lifted upon satisfaction of certain conditions.

Worth reading
49Recurring
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
2911
Shares
Wording
Conditional
How definitive the wording is.

Details of issuance or disposal

Disposal of treasury shares as restricted stock compensation

Who receives how much2,911Shares

2,911 shares of the Company's common stock (treasury shares)

8 directors of the Company (excluding directors who are Audit and Supervisory Committee members)2,911 shares

The lower thin line represents the existing number of shares to which these shares will be added.

¥7,120 per share
Total issue value

¥20,726,320

Amount of funds to be raised
Total payment amount: ¥20,726,320; estimated net proceeds: not disclosed
Total Stock-Based Compensation
Total monetary remuneration claims of ¥20,726,320 (the remuneration limit under the scheme is ¥35 million per year)
発行済株式総数

The total number of issued shares will not increase

Not applicable (disposal of treasury shares)

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 17 August 2026 until the date on which the recipient ceases to hold the position of director of the Company
Conditions for lifting transfer restrictions
The transfer restrictions on all of the shares allotted will be lifted upon expiration of the restriction period, provided that the recipient has continuously held the position of director of the Company throughout the restriction period. If the recipient ceases to hold the position for a reason deemed justifiable, the number of shares subject to lifting of the restrictions and the timing of such lifting will be reasonably adjusted.
Reason for acquisition without consideration
If the recipient ceases to hold the position of director before expiration of the restriction period without a reason deemed justifiable by the Board of Directors. If any shares remain subject to transfer restrictions when the restriction period expires. If any shares remain subject to transfer restrictions after the restrictions have been lifted due to a corporate reorganization or other similar event.
Categories and Number of Persons Covered
8 directors of the Company (excluding directors who are Audit and Supervisory Committee members), 2,911 shares
Intended allottee's holding policy
From 17 August 2026 until the date on which the recipient ceases to hold the position of director of the Company, the shares may not be transferred, pledged, used to create a transfer security interest, gifted during the donor's lifetime, bequeathed or otherwise disposed of in any manner.
Payment date
17 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 27 July 2026, ¥7,120. No discount or premium.
Details of issuance or disposal
ItemDetails
Type of issuance or disposalDisposal of treasury shares as restricted stock compensation
Number of shares to be issued or disposed of2,911 shares of the Company's common stock (treasury shares)
Issue price and disposal price¥7,120 per share
Total issue value¥20,726,320
Amount of funds to be raisedTotal payment amount: ¥20,726,320; estimated net proceeds: not disclosed
Payment date17 August 2026
Intended allotteeName 8 directors of the Company (excluding directors who are Audit and Supervisory Committee members) / Number of Shares 2,911 shares
Intended allottee's holding policyFrom 17 August 2026 until the date on which the recipient ceases to hold the position of director of the Company, the shares may not be transferred, pledged, used to create a transfer security interest, gifted during the donor's lifetime, bequeathed or otherwise disposed of in any manner.
Dilution RateNot applicable (disposal of treasury shares)
Total number of issued sharesThe total number of issued shares will not increase
Basis for determining the amount to be paidThe closing price of the Company's common stock on the Tokyo Stock Exchange on 27 July 2026, ¥7,120. No discount or premium.
Transfer restriction periodFrom 17 August 2026 until the date on which the recipient ceases to hold the position of director of the Company
Conditions for lifting transfer restrictionsThe transfer restrictions on all of the shares allotted will be lifted upon expiration of the restriction period, provided that the recipient has continuously held the position of director of the Company throughout the restriction period. If the recipient ceases to hold the position for a reason deemed justifiable, the number of shares subject to lifting of the restrictions and the timing of such lifting will be reasonably adjusted.
Reason for acquisition without considerationIf the recipient ceases to hold the position of director before expiration of the restriction period without a reason deemed justifiable by the Board of Directors. If any shares remain subject to transfer restrictions when the restriction period expires. If any shares remain subject to transfer restrictions after the restrictions have been lifted due to a corporate reorganization or other similar event.
Categories and Number of Persons Covered8 directors of the Company (excluding directors who are Audit and Supervisory Committee members), 2,911 shares
Total Stock-Based CompensationTotal monetary remuneration claims of ¥20,726,320 (the remuneration limit under the scheme is ¥35 million per year)
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 with an incentive to sustainably enhance the Company's corporate value and to promote value sharing with shareholders.

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.
Notice Concerning the Disposal of Treasury Shares as Restricted Stock Compensation | The Takigami Steel Construction Co.,Ltd. (5918) timely disclosure | Komori