Worth reading
42Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
118891
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
118,891 treasury shares (Plan I: 48,000 shares; Plan II: 70,891 shares); 92,721 common shares to be acquired without consideration
2 directors (excluding outside directors)59,618 shares
7 executive officers59,273 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.
¥2,821 per share
Total issue value
¥335,391,511
Amount of funds to be raised
Total payment amount: ¥335,391,511; estimated net proceeds: not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥335,391,511; Plan I: ¥135,408,000; Plan II: ¥199,983,511
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
Plan I: From 24 April 2026 until the date on which the recipient retires from the position providing the services covered by Plan I. Plan II: From 24 April 2026 until the date of the Company's annual general meeting of shareholders to be held in 2029.
Conditions for lifting transfer restrictions
Plan I: The recipient must remain in a position providing the covered services continuously from 26 March 2026 until the date of the following annual general meeting of shareholders, among other conditions. Plan II: The recipient must remain continuously from 26 March 2026 until the date of the annual general meeting of shareholders to be held in 2029 in the position of director, executive officer, employee or other worker, and must achieve the performance conditions prescribed by the Board of Directors.
Reason for acquisition without consideration
At the expiration of the transfer restriction period, the Company will acquire without consideration any shares subject to this allocation for which the transfer restrictions have not been lifted. The shares granted on 28 April 2023 will be acquired without consideration because it has been determined that the performance conditions will not be met.
Categories and Number of Persons Covered
2 directors: 59,618 shares; 7 executive officers: 59,273 shares (excluding outside directors)
Payment date
24 April 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,821. No discount or premium rate is stated.
Most recent equity financing
Timing Resolved on 28 March 2023; completed on 28 April 2023 / Type Disposal of treasury shares as performance-based restricted stock compensation / Amount Monetary compensation receivables: ¥199,999,197; common shares: 92,721
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 118,891 treasury shares (Plan I: 48,000 shares; Plan II: 70,891 shares); 92,721 common shares to be acquired without consideration |
| Issue price and disposal price | ¥2,821 per share |
| Total issue value | ¥335,391,511 |
| Amount of funds to be raised | Total payment amount: ¥335,391,511; estimated net proceeds: not disclosed |
| Payment date | 24 April 2026 |
| Intended allottee | Category 2 directors (excluding outside directors) / Number of Shares 59,618 shares, Category 7 executive officers / Number of Shares 59,273 shares |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 March 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,821. No discount or premium rate is stated. |
| Transfer restriction period | Plan I: From 24 April 2026 until the date on which the recipient retires from the position providing the services covered by Plan I. Plan II: From 24 April 2026 until the date of the Company's annual general meeting of shareholders to be held in 2029. |
| Conditions for lifting transfer restrictions | Plan I: The recipient must remain in a position providing the covered services continuously from 26 March 2026 until the date of the following annual general meeting of shareholders, among other conditions. Plan II: The recipient must remain continuously from 26 March 2026 until the date of the annual general meeting of shareholders to be held in 2029 in the position of director, executive officer, employee or other worker, and must achieve the performance conditions prescribed by the Board of Directors. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period, the Company will acquire without consideration any shares subject to this allocation for which the transfer restrictions have not been lifted. The shares granted on 28 April 2023 will be acquired without consideration because it has been determined that the performance conditions will not be met. |
| Categories and Number of Persons Covered | 2 directors: 59,618 shares; 7 executive officers: 59,273 shares (excluding outside directors) |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥335,391,511; Plan I: ¥135,408,000; Plan II: ¥199,983,511 |
| Most recent equity financing | Timing Resolved on 28 March 2023; completed on 28 April 2023 / Type Disposal of treasury shares as performance-based restricted stock compensation / Amount Monetary compensation receivables: ¥199,999,197; common shares: 92,721 |
Items this document does not state (14)
Estimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMajor 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.The purposes are to provide incentives for the sustainable enhancement of corporate and shareholder value over the medium to long term, clarify the linkage between performance targets and compensation, and foster commitment to performance. The shares granted in the past will be acquired without consideration because it has been determined that the performance conditions will not be met.
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.