Worth reading
51Recurring
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
143160900
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much39,115Shares
39,115 ordinary shares of the Company (treasury shares)
Directors of the Company (excluding audit and supervisory committee members and outside directors)5 / 13,752 shares
The Company's executive officers11 / 10,461 shares
The Company's councilors10 / 2,880 shares
Directors of subsidiaries of the Company33 / 12,022 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.
¥3,660 per share
Amount of funds to be raised
Total payment amount: ¥143,160,900 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥143,160,900
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
24 July 2026 to 23 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a prescribed position at the Company or one of its subsidiaries during the transfer restriction period, all transfer restrictions will be lifted when the period expires. In the event of retirement or resignation upon expiration of a term of office, reaching mandatory retirement age or for another legitimate reason, the restrictions will be lifted on the number of shares corresponding to the recipient's months in office or employment. In the event of a corporate reorganization or similar transaction, the restrictions will likewise be lifted on the number of shares corresponding to the recipient's months in office or employment.
Reason for acquisition without consideration
At the expiration of the transfer restriction period, when restrictions are lifted upon retirement or resignation, or when restrictions are lifted in connection with a corporate reorganization or similar transaction, the Company will automatically acquire without consideration any of the allocated shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
Category Directors of the Company (excluding audit and supervisory committee members and outside directors) / Number of Employees 5 / Number of allocated shares 13,752 shares, Category The Company's executive officers / Number of Employees 11 / Number of allocated shares 10,461 shares, Category The Company's councilors / Number of Employees 10 / Number of allocated shares 2,880 shares, Category Directors of subsidiaries of the Company / Number of Employees 33 / Number of allocated shares 12,022 shares
Payment date
24 July 2026
Basis for determining the amount to be paid
The closing price of the Company's ordinary shares on the Tokyo Stock Exchange Prime Market on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,660. Discount rate and premium rate: Not disclosed.
Procedures under the Corporate Code of Conduct
At the 115th Annual General Meeting of Shareholders held on 26 June 2019, approval was obtained for monetary compensation receivables of up to ¥90 million per year for eligible directors, up to 120,000 allocated shares per fiscal year, and a 30-year transfer restriction period.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 39,115 ordinary shares of the Company (treasury shares) |
| Issue price and disposal price | ¥3,660 per share |
| Amount of funds to be raised | Total payment amount: ¥143,160,900 (estimated net proceeds: Not disclosed) |
| Payment date | 24 July 2026 |
| Intended allottee | Name Directors of the Company (excluding audit and supervisory committee members and outside directors) / Number of Employees 5 / Number of Shares 13,752 shares, Name The Company's executive officers / Number of Employees 11 / Number of Shares 10,461 shares, Name The Company's councilors / Number of Employees 10 / Number of Shares 2,880 shares, Name Directors of subsidiaries of the Company / Number of Employees 33 / Number of Shares 12,022 shares |
| Basis for determining the amount to be paid | The closing price of the Company's ordinary shares on the Tokyo Stock Exchange Prime Market on 24 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,660. Discount rate and premium rate: Not disclosed. |
| Transfer restriction period | 24 July 2026 to 23 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a prescribed position at the Company or one of its subsidiaries during the transfer restriction period, all transfer restrictions will be lifted when the period expires. In the event of retirement or resignation upon expiration of a term of office, reaching mandatory retirement age or for another legitimate reason, the restrictions will be lifted on the number of shares corresponding to the recipient's months in office or employment. In the event of a corporate reorganization or similar transaction, the restrictions will likewise be lifted on the number of shares corresponding to the recipient's months in office or employment. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period, when restrictions are lifted upon retirement or resignation, or when restrictions are lifted in connection with a corporate reorganization or similar transaction, the Company will automatically acquire without consideration any of the allocated shares whose transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding audit and supervisory committee members and outside directors) / Number of Employees 5 / Number of allocated shares 13,752 shares, Category The Company's executive officers / Number of Employees 11 / Number of allocated shares 10,461 shares, Category The Company's councilors / Number of Employees 10 / Number of allocated shares 2,880 shares, Category Directors of subsidiaries of the Company / Number of Employees 33 / Number of allocated shares 12,022 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥143,160,900 |
| Procedures under the Corporate Code of Conduct | At the 115th Annual General Meeting of Shareholders held on 26 June 2019, approval was obtained for monetary compensation receivables of up to ¥90 million per year for eligible directors, up to 120,000 allocated shares per fiscal year, and a 30-year transfer restriction period. |
Items this document does not state (15)
Total issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution 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.The disposal will be conducted under the restricted stock compensation plan to provide eligible individuals in the Group with medium- to long-term incentives and to promote the sharing of shareholder value.
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