Worth reading
45Recurring
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
60400
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much60,400Shares
60,400 common shares of the Company (treasury shares)
5 of the Company's directors, excluding directors who are Audit & Supervisory Committee Members41,000 shares
5 executive officers of the Company15,000 shares
3 directors of the Company's subsidiaries4,400 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.
¥914 per share
Amount of funds to be raised
Total payment amount: ¥55,205,600; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥55,205,600. The monetary compensation limit for the eligible directors is ¥150 million per year.
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
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 21 July 2026 until the holder ceases to hold any position as a director or executive officer of the Company or as a director of a subsidiary. However, in certain cases, the period will end on 1 July 2027.
Conditions for lifting transfer restrictions
The restrictions will be fully lifted upon expiration of the restricted transfer period, provided that the holder continuously holds any position as a director or executive officer of the Company or as a director of a subsidiary from 24 June 2026 through the date of the annual general meeting of shareholders in the following year. If the holder loses the position for a legitimate reason, the number of shares and timing of the lifting of restrictions will be reasonably adjusted.
Reason for acquisition without consideration
The Company will acquire the shares without consideration if any shares remain subject to the restrictions at the end of the restricted transfer period. The Company will also acquire without consideration any shares whose restrictions are not lifted due to a corporate reorganization or other similar event.
Categories and Number of Persons Covered
Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members) / Number of Employees 5 / Number of allocated shares 41,000 shares, Category The Company's executive officers / Number of Employees 5 / Number of allocated shares 15,000 shares, Category Directors of the Company's subsidiaries / Number of Employees 3 / Number of allocated shares 4,400 shares
Intended allottee's holding policy
During the restricted transfer period, the shares may not be transferred, pledged, used to establish a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of. Until the restrictions are lifted, the shares will be managed in a designated account at a specified securities company.
Payment date
21 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 23 June 2026, ¥914. No discount or premium is stated.
Procedures under the Corporate Code of Conduct
At the annual general meeting of shareholders held on 22 June 2022, approval was obtained for monetary compensation under this plan and for the issuance or disposal of up to 100,000 common shares per year, among other matters.
Impact on Business Performance
No impact on the Company's results is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 60,400 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥914 per share |
| Amount of funds to be raised | Total payment amount: ¥55,205,600; estimated net proceeds: Not disclosed |
| Payment date | 21 July 2026 |
| Intended allottee | Category 5 of the Company's directors, excluding directors who are Audit & Supervisory Committee Members / Number of Shares 41,000 shares, Category 5 executive officers of the Company / Number of Shares 15,000 shares, Category 3 directors of the Company's subsidiaries / Number of Shares 4,400 shares |
| Intended allottee's holding policy | During the restricted transfer period, the shares may not be transferred, pledged, used to establish a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of. Until the restrictions are lifted, the shares will be managed in a designated account at a specified securities company. |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 23 June 2026, ¥914. No discount or premium is stated. |
| Transfer restriction period | From 21 July 2026 until the holder ceases to hold any position as a director or executive officer of the Company or as a director of a subsidiary. However, in certain cases, the period will end on 1 July 2027. |
| Conditions for lifting transfer restrictions | The restrictions will be fully lifted upon expiration of the restricted transfer period, provided that the holder continuously holds any position as a director or executive officer of the Company or as a director of a subsidiary from 24 June 2026 through the date of the annual general meeting of shareholders in the following year. If the holder loses the position for a legitimate reason, the number of shares and timing of the lifting of restrictions will be reasonably adjusted. |
| Reason for acquisition without consideration | The Company will acquire the shares without consideration if any shares remain subject to the restrictions at the end of the restricted transfer period. The Company will also acquire without consideration any shares whose restrictions are not lifted due to a corporate reorganization or other similar event. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members) / Number of Employees 5 / Number of allocated shares 41,000 shares, Category The Company's executive officers / Number of Employees 5 / Number of allocated shares 15,000 shares, Category Directors of the Company's subsidiaries / Number of Employees 3 / Number of allocated shares 4,400 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥55,205,600. The monetary compensation limit for the eligible directors is ¥150 million per year. |
| Procedures under the Corporate Code of Conduct | At the annual general meeting of shareholders held on 22 June 2022, approval was obtained for monetary compensation under this plan and for the issuance or disposal of up to 100,000 common shares per year, among other matters. |
| Impact on Business Performance | No impact on the Company's results is stated. |
Items this document does not state (12)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 an incentive to achieve sustained growth in corporate value and further promote value sharing 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.
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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.