Worth reading
61In focus
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
443840775
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of Treasury Shares Through a Third-Party Allotment
Who receives how much300,909Shares
300,909 common shares of treasury stock
Japan Custody Bank, Ltd. (Trust E Account)300,909 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,475 per share
Total issue value
¥443,840,775
Amount of funds to be raised
Total payment amount: ¥443,840,775; estimated net proceeds: Not disclosed
Specific use of funds
Additional contribution to the Stock Benefit Trust (J-ESOP)Amount ¥443,840,775 / Scheduled timing of expenditures 24 August 2026
発行済株式総数
2.40% of total issued shares and 2.48% of total voting rights
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
Categories and Number of Persons Covered
Employees of the Company (number of employees and number of shares allocated: not disclosed)
Intended allottee's holding policy
This is a trust account established to hold and dispose of the Company's shares in operating the Plan. Other holding policies and lock-up: Not disclosed
Payment date
24 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, ¥1,475. Discount rate and premium rate: Not disclosed
Procedures under the Corporate Code of Conduct
An opinion from an independent third party and procedures to confirm shareholders' intentions are not required because the dilution rate is less than 25% and the transaction does not involve a change in the controlling shareholder
Most recent equity financing
Timing 15 May 2024 / Type Introduction of the Stock Benefit Trust (J-ESOP) and disposal of treasury shares by third-party allotment / Amount Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of Treasury Shares Through a Third-Party Allotment |
| Number of shares to be issued or disposed of | 300,909 common shares of treasury stock |
| Issue price and disposal price | ¥1,475 per share |
| Total issue value | ¥443,840,775 |
| Amount of funds to be raised | Total payment amount: ¥443,840,775; estimated net proceeds: Not disclosed |
| Specific use of funds | Details Additional contribution to the Stock Benefit Trust (J-ESOP) / Amount ¥443,840,775 / Scheduled timing of expenditures 24 August 2026 |
| Payment date | 24 August 2026 |
| Intended allottee | Name Japan Custody Bank, Ltd. (Trust E Account) / Number of Shares 300,909 shares |
| Intended allottee's holding policy | This is a trust account established to hold and dispose of the Company's shares in operating the Plan. Other holding policies and lock-up: Not disclosed |
| Dilution Rate | 2.40% of total issued shares and 2.48% of total voting rights |
| Total number of issued shares | 12,548,134 shares → 12,548,134 shares |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, ¥1,475. Discount rate and premium rate: Not disclosed |
| Categories and Number of Persons Covered | Employees of the Company (number of employees and number of shares allocated: not disclosed) |
| Procedures under the Corporate Code of Conduct | An opinion from an independent third party and procedures to confirm shareholders' intentions are not required because the dilution rate is less than 25% and the transaction does not involve a change in the controlling shareholder |
| Most recent equity financing | Timing 15 May 2024 / Type Introduction of the Stock Benefit Trust (J-ESOP) and disposal of treasury shares by third-party allotment / Amount Not disclosed |
Items this document does not state (13)
Estimated issuance expensesExercise priceExercise periodNumber of Stock Acquisition RightsTransfer restriction periodConditions for lifting transfer restrictionsReason for acquisition without considerationTotal Stock-Based CompensationUnderwriter / lead underwriterOverallotmentStock Split RatioMajor 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 trust to acquire the shares expected to be required for future benefits in continuing the Plan. The number of shares to be disposed of corresponds to the number of shares expected to be distributed to employees over the 5 fiscal years from the fiscal year ending March 2027 through the fiscal year ending March 2031, and the Company has determined that the scale of dilution is reasonable in light of the purpose of the Plan.
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