Worth reading
40Recurring
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
3700
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much3,700Shares
3,700 common shares of the Company (treasury shares)
5 directors of the Company, excluding outside directors3,700 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,990 per share
Total issue value
¥7,363,000
Total Stock-Based Compensation
Monetary compensation claims: ¥7,363,000. The annual aggregate amount of monetary compensation claims under the plan is capped at ¥20 million.
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
31 July 2026 to 30 July 2056 (30 years)
Conditions for lifting transfer restrictions
Provided that the recipient remains a director of the Company continuously through the date of the first annual general meeting of shareholders held after 31 July 2026, all transfer restrictions on the shares allotted under this arrangement that are held at the end of the period will be lifted. If the director resigns for a justifiable reason, the restrictions will be lifted in proportion to the number of months from July 2026 through the month that includes the resignation date, divided by 12.
Reason for acquisition without consideration
If the recipient resigns as a director of the Company without a justifiable reason before the day preceding the date of the first annual general meeting of shareholders held after the start date of this transfer restriction period. If any shares remain subject to transfer restrictions at the end of the period. If any shares remain subject to transfer restrictions in connection with a corporate reorganization or similar transaction.
Categories and Number of Persons Covered
5 directors of the Company, excluding outside directors; 3,700 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to third parties, pledged, used to create a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of. The transfer restriction period runs from 31 July 2026 to 30 July 2056.
Payment date
31 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 8 July 2026, ¥1,990. No discount or premium applies.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 3,700 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,990 per share |
| Total issue value | ¥7,363,000 |
| Payment date | 31 July 2026 |
| Intended allottee | Name 5 directors of the Company, excluding outside directors / Number of Shares 3,700 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to third parties, pledged, used to create a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of. The transfer restriction period runs from 31 July 2026 to 30 July 2056. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 8 July 2026, ¥1,990. No discount or premium applies. |
| Transfer restriction period | 31 July 2026 to 30 July 2056 (30 years) |
| Conditions for lifting transfer restrictions | Provided that the recipient remains a director of the Company continuously through the date of the first annual general meeting of shareholders held after 31 July 2026, all transfer restrictions on the shares allotted under this arrangement that are held at the end of the period will be lifted. If the director resigns for a justifiable reason, the restrictions will be lifted in proportion to the number of months from July 2026 through the month that includes the resignation date, divided by 12. |
| Reason for acquisition without consideration | If the recipient resigns as a director of the Company without a justifiable reason before the day preceding the date of the first annual general meeting of shareholders held after the start date of this transfer restriction period. If any shares remain subject to transfer restrictions at the end of the period. If any shares remain subject to transfer restrictions in connection with a corporate reorganization or similar transaction. |
| Categories and Number of Persons Covered | 5 directors of the Company, excluding outside directors; 3,700 shares |
| Total Stock-Based Compensation | Monetary compensation claims: ¥7,363,000. The annual aggregate amount of monetary compensation claims under the plan is capped at ¥20 million. |
Items this document does not state (15)
Amount of funds to be raisedEstimated 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 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 directors to share with shareholders both the benefits and risks of share price fluctuations and to increase their motivation to contribute to an increase in the share price and enhancement of corporate value. By setting a long transfer restriction period of 30 years, the Company aims to achieve this objective for as long as possible.
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.