Worth reading
44Recurring
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
11300
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much11,300Shares
11,300 shares of the Company's common stock (treasury shares)
3 directors of the Company (excluding outside directors)7,400 shares
3 of the Company's executive officers3,900 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.
¥870 per share
Total issue value
¥9,831,000
Total Stock-Based Compensation
Total monetary compensation receivables of ¥9,831,000. The total annual amount of monetary compensation receivables for eligible directors is capped at ¥15 million.
発行済株式総数
0.33% (relative to the total number of shares issued as of 31 March 2026)
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 13 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company
Conditions for lifting transfer restrictions
The recipient must continue to hold a position as a director, executive officer or employee of the Company through the date of the first annual general meeting of shareholders held after 13 July 2026. If the recipient leaves office or employment for a valid reason, the restrictions will be lifted for the number of shares corresponding to the period of service.
Reason for acquisition without consideration
If, before the day preceding the date of the first annual general meeting of shareholders, the recipient leaves office or employment without a valid reason and ceases to hold any position as a director, executive officer or employee of the Company. If any shares remain subject to the restrictions when the restricted period expires. If the recipient leaves office or employment in connection with a corporate reorganization or similar event and any shares remain subject to the restrictions.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 3 / Number of allocated shares 7,400 shares, Category The Company's executive officers / Number of Employees 3 / Number of allocated shares 3,900 shares
Intended allottee's holding policy
During the restricted period, the shares may not be transferred to third parties, pledged, made subject to a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of. The restricted period runs from 13 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company.
Payment date
13 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 25 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥870. No discount or premium rate is disclosed.
Procedures under the Corporate Code of Conduct
At the 75th Annual General Meeting of Shareholders held on 26 June 2025, the Company obtained approval for the introduction of the restricted stock compensation plan, the total amount of compensation receivables, the limit on the number of shares and other matters.
Impact on Business Performance
No impact on financial results from this disposition of treasury shares is 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 | 11,300 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥870 per share |
| Total issue value | ¥9,831,000 |
| Payment date | 13 July 2026 |
| Intended allottee | Name 3 directors of the Company (excluding outside directors) / Number of Shares 7,400 shares, Name 3 of the Company's executive officers / Number of Shares 3,900 shares |
| Intended allottee's holding policy | During the restricted period, the shares may not be transferred to third parties, pledged, made subject to a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of. The restricted period runs from 13 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company. |
| Dilution Rate | 0.33% (relative to the total number of shares issued as of 31 March 2026) |
| Total number of issued shares | 3,420,000 shares (as of 31 March 2026) → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 25 June 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥870. No discount or premium rate is disclosed. |
| Transfer restriction period | From 13 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company |
| Conditions for lifting transfer restrictions | The recipient must continue to hold a position as a director, executive officer or employee of the Company through the date of the first annual general meeting of shareholders held after 13 July 2026. If the recipient leaves office or employment for a valid reason, the restrictions will be lifted for the number of shares corresponding to the period of service. |
| Reason for acquisition without consideration | If, before the day preceding the date of the first annual general meeting of shareholders, the recipient leaves office or employment without a valid reason and ceases to hold any position as a director, executive officer or employee of the Company. If any shares remain subject to the restrictions when the restricted period expires. If the recipient leaves office or employment in connection with a corporate reorganization or similar event and any shares remain subject to the restrictions. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 3 / Number of allocated shares 7,400 shares, Category The Company's executive officers / Number of Employees 3 / Number of allocated shares 3,900 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥9,831,000. The total annual amount of monetary compensation receivables for eligible directors is capped at ¥15 million. |
| Procedures under the Corporate Code of Conduct | At the 75th Annual General Meeting of Shareholders held on 26 June 2025, the Company obtained approval for the introduction of the restricted stock compensation plan, the total amount of compensation receivables, the limit on the number of shares and other matters. |
| Impact on Business Performance | No impact on financial results from this disposition of treasury shares is stated. |
Items this document does not state (11)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise 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 sustainable enhancement of corporate value and promote further value sharing with shareholders. The Company also states that the 0.33% dilution is immaterial and reasonable in light of the purpose of the plan.
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.