Worth reading
53Recurring
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
6053
Shares (maximum)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares by way of a third-party allotment as restricted stock (for the employee stock ownership plan)
Who receives how much6,053Shares
6,053 common shares of the Company (maximum; the actual number of shares will be determined at a later date)
電業社従業員持株会 (6,053 shares, maximum)
The lower thin line represents the existing number of shares to which these shares will be added.
¥5,480 per share
Total issue value
¥33,170,440 (maximum)
Amount of funds to be raised
Total amount to be paid: ¥33,170,440 (maximum); estimated net proceeds: Not disclosed
発行済株式総数
0.13% of total issued shares and 0.14% of total voting rights (based on the maximum amount)
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.
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 2 October 2026 until the date on which the holder retires from any position as an employee of the Company or its subsidiaries that confers eligibility for membership in the employee stock ownership association
Conditions for lifting transfer restrictions
The holder must remain a member of the employee stock ownership association continuously from 2 October 2026 through 31 March 2027. In the event of withdrawal due to a transfer to another entity, the transfer restrictions will be lifted on the date the withdrawal application is accepted. In the event of retirement due to a corporate reorganization or similar transaction, the transfer restrictions will be lifted immediately before the business day preceding the effective date of the corporate reorganization or similar transaction, subject to prescribed conditions.
Reason for acquisition without consideration
Shares for which the transfer restrictions have not been lifted when the transfer restriction period expires; shares for which the transfer restrictions are not lifted when the restrictions are otherwise lifted; and shares for which the transfer restrictions are not lifted in connection with a corporate reorganization or similar transaction.
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. After the transfer restrictions are lifted, the shares will be transferred to the eligible employees' ordinary shareholdings.
Payment date
2 October 2026
Basis for determining the amount to be paid
The closing price on the Tokyo Stock Exchange on 14 May 2026 was ¥5,480. This represented a 3.69% deviation from the one-month average of ¥5,690, a 7.12% deviation from the three-month average of ¥5,900, and a 2.37% deviation from the six-month average of ¥5,613.
Procedures under the Corporate Code of Conduct
Because the dilution rate is below 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and procedures to confirm shareholders' intent are not required. The Audit and Supervisory Committee expressed the opinion that the process by which it determined that the disposal price did not constitute a particularly favorable payment amount was reasonable and lawful.
Impact on Business Performance
The specific impact of this disposal of treasury shares on financial results is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares by way of a third-party allotment as restricted stock (for the employee stock ownership plan) |
| Number of shares to be issued or disposed of | 6,053 common shares of the Company (maximum; the actual number of shares will be determined at a later date) |
| Issue price and disposal price | ¥5,480 per share |
| Total issue value | ¥33,170,440 (maximum) |
| Amount of funds to be raised | Total amount to be paid: ¥33,170,440 (maximum); estimated net proceeds: Not disclosed |
| Payment date | 2 October 2026 |
| Intended allottee | 電業社従業員持株会 (6,053 shares, maximum) |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. After the transfer restrictions are lifted, the shares will be transferred to the eligible employees' ordinary shareholdings. |
| Dilution Rate | 0.13% of total issued shares and 0.14% of total voting rights (based on the maximum amount) |
| Total number of issued shares | 4,776,900 shares (as of 31 March 2026) → Not disclosed |
| Basis for determining the amount to be paid | The closing price on the Tokyo Stock Exchange on 14 May 2026 was ¥5,480. This represented a 3.69% deviation from the one-month average of ¥5,690, a 7.12% deviation from the three-month average of ¥5,900, and a 2.37% deviation from the six-month average of ¥5,613. |
| Transfer restriction period | From 2 October 2026 until the date on which the holder retires from any position as an employee of the Company or its subsidiaries that confers eligibility for membership in the employee stock ownership association |
| Conditions for lifting transfer restrictions | The holder must remain a member of the employee stock ownership association continuously from 2 October 2026 through 31 March 2027. In the event of withdrawal due to a transfer to another entity, the transfer restrictions will be lifted on the date the withdrawal application is accepted. In the event of retirement due to a corporate reorganization or similar transaction, the transfer restrictions will be lifted immediately before the business day preceding the effective date of the corporate reorganization or similar transaction, subject to prescribed conditions. |
| Reason for acquisition without consideration | Shares for which the transfer restrictions have not been lifted when the transfer restriction period expires; shares for which the transfer restrictions are not lifted when the restrictions are otherwise lifted; and shares for which the transfer restrictions are not lifted in connection with a corporate reorganization or similar transaction. |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is below 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and procedures to confirm shareholders' intent are not required. The Audit and Supervisory Committee expressed the opinion that the process by which it determined that the disposal price did not constitute a particularly favorable payment amount was reasonable and lawful. |
| Impact on Business Performance | The specific impact of this disposal of treasury shares on financial results is Not disclosed. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsCategories and Number of Persons CoveredTotal Stock-Based CompensationUnderwriter / 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.To help eligible employees build personal assets, provide them with an incentive to achieve sustained growth in the Company's corporate value, and promote the sharing of value between eligible employees and shareholders.
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.