Worth reading
50Recurring
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
26005
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much26,005Shares
26,005 shares of the Company's common stock (treasury shares)
5 directors, excluding directors who are Audit & Supervisory Committee members (including 1 who also serves as an executive officer)10,494 shares
4 directors who are Audit & Supervisory Committee members1,754 shares
13 executive officers (including 1 who also serves as a director)13,757 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.
¥2,914 per share
Total issue value
¥75,778,570
Amount of funds to be raised
Total payment amount: ¥75,778,570; estimated net proceeds: Not disclosed (no cash will be raised by the Company because the shares will be paid for through an in-kind contribution)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥75,778,570
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
Directors, excluding directors who are Audit & Supervisory Committee members, and directors who are Audit & Supervisory Committee members: 22 July 2026 to 21 July 2056 (30 years). Executive officers: 22 July 2026 to 21 July 2029 (3 years).
Conditions for lifting transfer restrictions
For directors, all transfer restrictions will be lifted upon expiration of the period, provided that the director remains in the position of director throughout the transfer restriction period. For executive officers, all transfer restrictions will be lifted upon expiration of the period, provided that the executive officer remains in the position of executive officer throughout the transfer restriction period. In the event of retirement or resignation for a legitimate reason, such as expiration of the term of office, the restrictions will be lifted on the number of shares determined according to the period of service for directors and on all shares held by executive officers. In the event of a corporate reorganization, the restrictions will be lifted according to the prescribed number of months.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any shares for which the transfer restrictions have not been lifted when the transfer restriction period expires or the transfer restrictions are lifted.
Categories and Number of Persons Covered
5 directors, excluding directors who are Audit & Supervisory Committee members, and 10,494 shares; 4 directors who are Audit & Supervisory Committee members, and 1,754 shares; 13 executive officers, and 13,757 shares. Total eligible recipients: 22.
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. They will be managed in dedicated accounts.
Payment date
22 July 2026
Basis for determining the amount to be paid
The amount was determined based on the closing price of the Company's common stock on the Tokyo Stock Exchange on 23 June 2026, the business day preceding the date of the Board of Directors' resolution. The body of the document states that the relevant closing price was ¥75,778,570. No discount or premium is stated.
Procedures under the Corporate Code of Conduct
At the Annual General Meeting of Shareholders held on 28 June 2018, approval was obtained for the payment of monetary compensation receivables related to restricted stock compensation and for the transfer restriction period. At the Annual General Meeting of Shareholders held on 28 June 2023, approval was obtained to increase the annual ceiling for monetary compensation receivables for directors from ¥30 million or less to ¥50 million or less.
Impact on Business Performance
No impact on 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 | 26,005 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥2,914 per share |
| Total issue value | ¥75,778,570 |
| Amount of funds to be raised | Total payment amount: ¥75,778,570; estimated net proceeds: Not disclosed (no cash will be raised by the Company because the shares will be paid for through an in-kind contribution) |
| Payment date | 22 July 2026 |
| Intended allottee | Name 5 directors, excluding directors who are Audit & Supervisory Committee members (including 1 who also serves as an executive officer) / Number of Shares 10,494 shares, Name 4 directors who are Audit & Supervisory Committee members / Number of Shares 1,754 shares, Name 13 executive officers (including 1 who also serves as a director) / Number of Shares 13,757 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. They will be managed in dedicated accounts. |
| Basis for determining the amount to be paid | The amount was determined based on the closing price of the Company's common stock on the Tokyo Stock Exchange on 23 June 2026, the business day preceding the date of the Board of Directors' resolution. The body of the document states that the relevant closing price was ¥75,778,570. No discount or premium is stated. |
| Transfer restriction period | Directors, excluding directors who are Audit & Supervisory Committee members, and directors who are Audit & Supervisory Committee members: 22 July 2026 to 21 July 2056 (30 years). Executive officers: 22 July 2026 to 21 July 2029 (3 years). |
| Conditions for lifting transfer restrictions | For directors, all transfer restrictions will be lifted upon expiration of the period, provided that the director remains in the position of director throughout the transfer restriction period. For executive officers, all transfer restrictions will be lifted upon expiration of the period, provided that the executive officer remains in the position of executive officer throughout the transfer restriction period. In the event of retirement or resignation for a legitimate reason, such as expiration of the term of office, the restrictions will be lifted on the number of shares determined according to the period of service for directors and on all shares held by executive officers. In the event of a corporate reorganization, the restrictions will be lifted according to the prescribed number of months. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any shares for which the transfer restrictions have not been lifted when the transfer restriction period expires or the transfer restrictions are lifted. |
| Categories and Number of Persons Covered | 5 directors, excluding directors who are Audit & Supervisory Committee members, and 10,494 shares; 4 directors who are Audit & Supervisory Committee members, and 1,754 shares; 13 executive officers, and 13,757 shares. Total eligible recipients: 22. |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥75,778,570 |
| Procedures under the Corporate Code of Conduct | At the Annual General Meeting of Shareholders held on 28 June 2018, approval was obtained for the payment of monetary compensation receivables related to restricted stock compensation and for the transfer restriction period. At the Annual General Meeting of Shareholders held on 28 June 2023, approval was obtained to increase the annual ceiling for monetary compensation receivables for directors from ¥30 million or less to ¥50 million or less. |
| Impact on Business Performance | No impact on results is stated |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise 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.The purpose is to provide medium- to long-term incentives, share value with shareholders, and attract and appoint talented individuals as officers and employees. The Company also stated that it took into consideration its performance, the scope of responsibilities of each eligible director and other factors, as appropriate.
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