Worth reading
38Recurring
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
55500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
55,500 shares of the Company's common stock (43,500 shares for 3 directors and 12,000 shares for 8 employees)
Directors of the Company (excluding outside directors)3 / 43,500 shares
Employees of the Company8 independent officers / 12,000 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.
¥692 per share
Total issue value
¥38,406,000
Total Stock-Based Compensation
Total monetary compensation claims of ¥38,406,000. Total annual remuneration, including compensation for directors, is limited to ¥240 million.
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
22 April 2026 to 21 April 2031 (5 years)
Conditions for lifting transfer restrictions
Provided that the holder remains a director or employee of the Company or one of its subsidiaries through the date of the first annual general meeting of shareholders held after 22 April 2026, all of the allocated shares held at the end of the restriction period will be released from the restrictions. In the event of resignation or retirement for a valid reason, part of the restrictions will be lifted in proportion to the period of service.
Reason for acquisition without consideration
If, without a valid reason, the holder resigns or retires from all positions as a director or employee of the Company and its subsidiaries before the day preceding the first annual general meeting of shareholders to be held after 22 April 2026. If any shares remain subject to transfer restrictions at the end of the restriction period. If any shares remain subject to transfer restrictions in connection with a corporate reorganization or other similar event.
Categories and Number of Persons Covered
3 directors of the Company (excluding outside directors), 43,500 shares; 8 employees of the Company, 12,000 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred to third parties, pledged, used to create a transfer security interest, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any manner. They will be held and maintained in designated accounts at SMBC Nikko Securities until the transfer restrictions are lifted.
Payment date
22 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 26 March 2026, which was ¥692. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
The introduction of the restricted stock compensation plan was approved at the 15th annual general meeting of shareholders, and the total amount of monetary compensation claims, the maximum number of shares and the restriction period were approved at the 17th annual general meeting of shareholders. The plan is reviewed on an ongoing basis by the Nomination and Compensation Committee and other bodies.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 55,500 shares of the Company's common stock (43,500 shares for 3 directors and 12,000 shares for 8 employees) |
| Issue price and disposal price | ¥692 per share |
| Total issue value | ¥38,406,000 |
| Payment date | 22 April 2026 |
| Intended allottee | Name Directors of the Company (excluding outside directors) / Number of Employees 3 / Number of Shares 43,500 shares, Name Employees of the Company / Number of Employees 8 independent officers / Number of Shares 12,000 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred to third parties, pledged, used to create a transfer security interest, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any manner. They will be held and maintained in designated accounts at SMBC Nikko Securities until the transfer restrictions are lifted. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 26 March 2026, which was ¥692. No discount or premium was stated. |
| Transfer restriction period | 22 April 2026 to 21 April 2031 (5 years) |
| Conditions for lifting transfer restrictions | Provided that the holder remains a director or employee of the Company or one of its subsidiaries through the date of the first annual general meeting of shareholders held after 22 April 2026, all of the allocated shares held at the end of the restriction period will be released from the restrictions. In the event of resignation or retirement for a valid reason, part of the restrictions will be lifted in proportion to the period of service. |
| Reason for acquisition without consideration | If, without a valid reason, the holder resigns or retires from all positions as a director or employee of the Company and its subsidiaries before the day preceding the first annual general meeting of shareholders to be held after 22 April 2026. If any shares remain subject to transfer restrictions at the end of the restriction period. If any shares remain subject to transfer restrictions in connection with a corporate reorganization or other similar event. |
| Categories and Number of Persons Covered | 3 directors of the Company (excluding outside directors), 43,500 shares; 8 employees of the Company, 12,000 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥38,406,000. Total annual remuneration, including compensation for directors, is limited to ¥240 million. |
| Procedures under the Corporate Code of Conduct | The introduction of the restricted stock compensation plan was approved at the 15th annual general meeting of shareholders, and the total amount of monetary compensation claims, the maximum number of shares and the restriction period were approved at the 17th annual general meeting of shareholders. The plan is reviewed on an ongoing basis by the Nomination and Compensation Committee and other bodies. |
Items this document does not state (14)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution 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.To enable the directors and employees to share with shareholders both the benefits and risks of share price fluctuations and to increase their motivation to contribute to enhancing corporate value and raising the share price.
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.
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