Worth reading
42Recurring
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
3000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Issuance of new shares as restricted stock compensation
Who receives how much3,000Shares
3,000 common shares (new shares)
6 executive officers of the Company3,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥68,590 per share
Total issue value
¥205,770,000
Amount of funds to be raised
Total payment amount: ¥205,770,000 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary claims: ¥205,770,000
Specific use of funds
Not applicable (issuance for compensation purposes through contribution in kind of monetary claims)
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 7 August 2026 to 6 August 2076 (50 years)
Conditions for lifting transfer restrictions
The restrictions will be lifted in principle upon expiration of the restriction period, provided that the recipient continuously holds at least one of the positions of executive officer or director of the Company during the service period. If the recipient retires upon expiration of the term of office or for another legitimate reason, excluding voluntary retirement and including retirement due to death, the restrictions on the number of shares corresponding to the recipient's period of service will be lifted immediately after retirement. The shares will be subject to malus and clawback if a restatement of the financial statements is required due to a serious violation of laws or internal regulations or misconduct.
Reason for acquisition without consideration
If any shares remain subject to restrictions at the expiration of the restriction period or when the restrictions are lifted, the Company will acquire all such shares without consideration. If it is determined that a restatement of the financial statements is required due to a serious violation of laws or internal regulations or misconduct, the Company will acquire all shares that remain subject to restrictions without consideration.
Categories and Number of Persons Covered
6 executive officers of the Company, 3,000 shares
Intended allottee's holding policy
The restriction period will be set at 50 years to achieve long-term sharing of value with shareholders. During the restriction period, the shares will be managed in dedicated accounts.
Payment date
7 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 22 July 2026 was ¥68,590. The Company determined that the amount does not constitute a particularly favorable price. Discount rate/premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
The resolution was approved by the Compensation Committee. The Company will file an extraordinary report under the Financial Instruments and Exchange Act. Obtaining an opinion from an independent third party and confirming shareholder intent: Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Issuance of new shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 3,000 common shares (new shares) |
| Issue price and disposal price | ¥68,590 per share |
| Total issue value | ¥205,770,000 |
| Amount of funds to be raised | Total payment amount: ¥205,770,000 (estimated net proceeds: Not disclosed) |
| Specific use of funds | Not applicable (issuance for compensation purposes through contribution in kind of monetary claims) |
| Payment date | 7 August 2026 |
| Intended allottee | Name 6 executive officers of the Company / Number of Shares 3,000 shares |
| Intended allottee's holding policy | The restriction period will be set at 50 years to achieve long-term sharing of value with shareholders. During the restriction period, the shares will be managed in dedicated accounts. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Prime Market on 22 July 2026 was ¥68,590. The Company determined that the amount does not constitute a particularly favorable price. Discount rate/premium rate: Not disclosed |
| Transfer restriction period | From 7 August 2026 to 6 August 2076 (50 years) |
| Conditions for lifting transfer restrictions | The restrictions will be lifted in principle upon expiration of the restriction period, provided that the recipient continuously holds at least one of the positions of executive officer or director of the Company during the service period. If the recipient retires upon expiration of the term of office or for another legitimate reason, excluding voluntary retirement and including retirement due to death, the restrictions on the number of shares corresponding to the recipient's period of service will be lifted immediately after retirement. The shares will be subject to malus and clawback if a restatement of the financial statements is required due to a serious violation of laws or internal regulations or misconduct. |
| Reason for acquisition without consideration | If any shares remain subject to restrictions at the expiration of the restriction period or when the restrictions are lifted, the Company will acquire all such shares without consideration. If it is determined that a restatement of the financial statements is required due to a serious violation of laws or internal regulations or misconduct, the Company will acquire all shares that remain subject to restrictions without consideration. |
| Categories and Number of Persons Covered | 6 executive officers of the Company, 3,000 shares |
| Total Stock-Based Compensation | Total monetary claims: ¥205,770,000 |
| Procedures under the Corporate Code of Conduct | The resolution was approved by the Compensation Committee. The Company will file an extraordinary report under the Financial Instruments and Exchange Act. Obtaining an opinion from an independent third party and confirming shareholder intent: Not disclosed |
Items this document does not state (12)
Estimated issuance expensesDilution 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 grant the eligible recipients shares in kind as long-term incentive compensation and promote greater long-term sharing of value with shareholders.
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.