Worth reading
41Recurring
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
5700
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much5,700Shares
5,700 common shares of the Company (treasury shares)
7 directors (excluding outside directors)5,700 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥3,860 per share
Total issue value
¥22,002,000
Amount of funds to be raised
Total amount payable: ¥22,002,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary remuneration receivables: ¥22,002,000. The total amount of monetary remuneration receivables under this plan is limited to ¥50 million per year.
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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
30 years (28 July 2026 to 27 July 2056)
Conditions for lifting transfer restrictions
In principle, all transfer restrictions will be lifted upon expiration of the transfer restriction period, provided that the eligible director has continuously held the position of director of the Company throughout the transfer restriction period. If the director retires due to death, expiration of the term of office or other legitimate reasons, restrictions on a number of shares corresponding to the period of service will be lifted. A certain number of restrictions will also be lifted in the event of a corporate reorganization or similar event.
Reason for acquisition without consideration
For shares whose transfer restrictions are not lifted, the Company will automatically acquire the shares without consideration immediately after it is determined that the transfer restrictions will not be lifted.
Categories and Number of Persons Covered
7 directors (excluding outside directors), 5,700 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period will run from 28 July 2026 to 27 July 2056.
Payment date
28 July 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 26 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,860. No discount or premium rate was stated.
Impact on Business Performance
The impact of this disposal of treasury shares on business performance is not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 5,700 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥3,860 per share |
| Total issue value | ¥22,002,000 |
| Amount of funds to be raised | Total amount payable: ¥22,002,000; estimated net proceeds: Not disclosed |
| Payment date | 28 July 2026 |
| Intended allottee | Name 7 directors (excluding outside directors) / Number of Shares 5,700 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period will run from 28 July 2026 to 27 July 2056. |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 26 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥3,860. No discount or premium rate was stated. |
| Transfer restriction period | 30 years (28 July 2026 to 27 July 2056) |
| Conditions for lifting transfer restrictions | In principle, all transfer restrictions will be lifted upon expiration of the transfer restriction period, provided that the eligible director has continuously held the position of director of the Company throughout the transfer restriction period. If the director retires due to death, expiration of the term of office or other legitimate reasons, restrictions on a number of shares corresponding to the period of service will be lifted. A certain number of restrictions will also be lifted in the event of a corporate reorganization or similar event. |
| Reason for acquisition without consideration | For shares whose transfer restrictions are not lifted, the Company will automatically acquire the shares without consideration immediately after it is determined that the transfer restrictions will not be lifted. |
| Categories and Number of Persons Covered | 7 directors (excluding outside directors), 5,700 shares |
| Total Stock-Based Compensation | Total monetary remuneration receivables: ¥22,002,000. The total amount of monetary remuneration receivables under this plan is limited to ¥50 million per year. |
| Impact on Business Performance | The impact of this disposal of treasury shares on business performance is not disclosed |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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 the eligible directors with an incentive to achieve sustained enhancement of corporate value and to promote value sharing between the eligible directors and shareholders. The Company also took into consideration its performance, the scope of responsibilities of each eligible director and other relevant circumstances.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.