Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
18,800 shares of the Company’s common stock (treasury 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.
¥44,593,600
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.
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.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 18,800 shares of the Company’s common stock (treasury shares) |
| Issue price and disposal price | ¥2,372 per share |
| Total issue value | ¥44,593,600 |
| Amount of funds to be raised | Total amount paid: ¥44,593,600; estimated net proceeds: Not disclosed (in-kind contribution of monetary compensation receivables under the system) |
| Payment date | 15 April 2026 |
| Intended allottee | Name 4 of the Company's directors (excluding outside directors and directors who are Audit & Supervisory Committee Members) / Number of Shares 16,200 shares, Name 3 executive officers of the Company / Number of Shares 2,600 shares |
| Intended allottee's holding policy | The shares may not be transferred, pledged, or otherwise disposed of from 15 April 2026 until the date on which the recipient ceases to be a director or executive officer of the Company or retires from employment. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of ¥2,372 on the Tokyo Stock Exchange on 26 March 2026, the business day preceding the date of the Board of Directors’ resolution. No discount or premium rate was specified. |
| Transfer restriction period | From 15 April 2026 until the date on which the recipient ceases to be a director or executive officer of the Company or retires from employment |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the restriction period, provided that the recipient continuously holds the position of director or executive officer of the Company from 15 April 2026 through 1 April 2027. If the recipient loses the position due to death, expiration of the term of office, or another reason deemed legitimate by the Board of Directors, the restrictions will be lifted for the number of shares corresponding to the recipient’s months of service. |
| Reason for acquisition without consideration | At the expiration of the restriction period or another time specified in the agreement, the Company will automatically acquire without consideration any allocated shares for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors and directors who are Audit & Supervisory Committee members) / Number of Employees 4 / Number of allocated shares 16,200 shares, Category The Company's executive officers / Number of Employees 3 / Number of allocated shares 2,600 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥44,593,600. Directors’ compensation is within the annual limit of ¥600 million. |
Items this document does not state (13)
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 share with shareholders the benefits and risks of share price fluctuations and increase the recipients’ motivation to contribute to higher share prices and enhanced corporate value. The Company also took into account the purpose of the system, the Company’s performance, and the responsibilities of each recipient.