Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
46,300 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.
Total monetary compensation claims of ¥68,292,500
As this is a disposal of treasury shares, the total number of issued shares will not increase
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 | 46,300 shares of the Company’s common stock (treasury shares) |
| Issue price and disposal price | ¥1,475 per share |
| Payment date | 15 May 2026 |
| Intended allottee | Category 4 of the Company’s directors (excluding non-executive directors and outside directors) / Number of Shares 14,100 shares, Category 10 executive officers of the Company / Number of Shares 5,800 shares, Category 60 of the Company’s employees / Number of Shares 23,200 shares, Category 5 directors of subsidiaries / Number of Shares 2,000 shares, Category 4 executive officers of subsidiaries / Number of Shares 1,200 shares |
| Intended allottee's holding policy | During the restriction period, the recipients may not transfer the shares, create a pledge or security interest by way of transfer, make a gift during their lifetime, bequeath the shares, or otherwise dispose of them in any manner. |
| 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 stock on the Tokyo Stock Exchange on 16 April 2026, which was ¥1,475. No discount or premium rate is stated. |
| Transfer restriction period | From 15 May 2026 to 14 May 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient remains continuously in any of the positions of director, executive officer, or employee of the Company or one of its subsidiaries until the date of the first annual general meeting of shareholders of the Company held after 15 May 2026, all of the allocated shares held at the end of the restriction period will be released from the transfer restrictions. In the event of retirement or resignation for a justifiable reason, the number of shares released will be determined based on the number of months of service. |
| Reason for acquisition without consideration | If, without a justifiable reason, the recipient retires or resigns from all positions as director, executive officer, or employee of the Company and its subsidiaries before the day preceding the date of the first annual general meeting of shareholders of the Company held after the allocation date. If the transfer restrictions have not been released at the end of the restriction period. If the recipient retires or resigns in connection with a corporate reorganization or similar event and the transfer restrictions have not been released. |
| Categories and Number of Persons Covered | 4 directors of the Company, 14,100 shares; 10 executive officers of the Company, 5,800 shares; 60 employees of the Company, 23,200 shares; 5 directors of subsidiaries, 2,000 shares; 4 executive officers of subsidiaries, 1,200 shares |
| Total Stock-Based Compensation | Total monetary compensation claims of ¥68,292,500 |
Items this document does not state (15)
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 the benefits and risks of share price fluctuations with shareholders and increase recipients’ motivation to contribute to higher share prices and enhanced corporate value.