Worth reading
47Recurring
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
27900
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much27,900Shares
27,900 shares of the Company's common stock (treasury shares)
7 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors)27,900 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥964 per share
Total issue value
¥26,895,600
Amount of funds to be raised
Total payment amount: ¥26,895,600; estimated net proceeds: Not disclosed (the treasury shares will be disposed of through an in-kind contribution of monetary compensation receivables)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥26,895,600. The aggregate annual limit on compensation receivables is ¥50 million or less.
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 3 August 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company
Conditions for lifting transfer restrictions
The recipient must continuously hold a position as a director, executive officer or employee of the Company through the date of the first annual general meeting of shareholders of the Company held after 3 August 2026. If the recipient retires or leaves the Company for a valid reason, the transfer restrictions will be lifted for the number of shares calculated by multiplying the number of shares held by the number of months from July 2026 through the month that includes the retirement or departure date, divided by 12.
Reason for acquisition without consideration
If the recipient retires or leaves the Company without a valid reason before the day preceding the date of the first annual general meeting of shareholders of the Company, or if any shares remain subject to transfer restrictions when the restriction period expires. If the recipient retires or leaves the Company due to a corporate reorganization or other event, the Company will also acquire without consideration any shares for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
7 directors of the Company, 27,900 shares (excluding directors who are Audit & Supervisory Committee Members and outside directors)
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to any third party, pledged, granted as security by way of transfer, gifted during the holder’s lifetime, bequeathed or otherwise disposed of. Until the transfer restrictions are lifted, the shares will be held and maintained in an account designated by SMBC Nikko Securities Inc.
Payment date
3 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 14 July 2026, ¥964. No discount or premium rate is specified; the price is equal to the closing price.
Impact on Business Performance
The impact of this matter 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 | 27,900 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥964 per share |
| Total issue value | ¥26,895,600 |
| Amount of funds to be raised | Total payment amount: ¥26,895,600; estimated net proceeds: Not disclosed (the treasury shares will be disposed of through an in-kind contribution of monetary compensation receivables) |
| Payment date | 3 August 2026 |
| Intended allottee | Name 7 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Shares 27,900 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to any third party, pledged, granted as security by way of transfer, gifted during the holder’s lifetime, bequeathed or otherwise disposed of. Until the transfer restrictions are lifted, the shares will be held and maintained in an account designated by SMBC Nikko Securities Inc. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 14 July 2026, ¥964. No discount or premium rate is specified; the price is equal to the closing price. |
| Transfer restriction period | From 3 August 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company |
| Conditions for lifting transfer restrictions | The recipient must continuously hold a position as a director, executive officer or employee of the Company through the date of the first annual general meeting of shareholders of the Company held after 3 August 2026. If the recipient retires or leaves the Company for a valid reason, the transfer restrictions will be lifted for the number of shares calculated by multiplying the number of shares held by the number of months from July 2026 through the month that includes the retirement or departure date, divided by 12. |
| Reason for acquisition without consideration | If the recipient retires or leaves the Company without a valid reason before the day preceding the date of the first annual general meeting of shareholders of the Company, or if any shares remain subject to transfer restrictions when the restriction period expires. If the recipient retires or leaves the Company due to a corporate reorganization or other event, the Company will also acquire without consideration any shares for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | 7 directors of the Company, 27,900 shares (excluding directors who are Audit & Supervisory Committee Members and outside directors) |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥26,895,600. The aggregate annual limit on compensation receivables is ¥50 million or less. |
| Impact on Business Performance | The impact of this matter on business performance is Not disclosed |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise 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.The purpose is for directors to share with shareholders the benefits and risks of share price fluctuations and to increase their motivation to contribute to higher share prices and enhanced corporate value. The amount of compensation receivables for each recipient is determined based on a comprehensive assessment including the recipient's contribution.
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.