Worth reading
42Recurring
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
64146
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much64,146Shares
64,146 common shares of the Company (treasury shares)
The company’s directors, excluding directors who are Audit and Supervisory Committee members and outside directors6 / 37,132 shares
Executive officers of the Company19 / 27,014 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.
¥2,235 per share
Total issue value
¥143,366,310
Total Stock-Based Compensation
Total monetary remuneration claims: ¥143,366,310. The remuneration claims approved by the general meeting of shareholders are capped at ¥100 million per year.
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 the payment date until the eligible recipient retires as a director or executive officer of the Company or ceases to serve in a full-time capacity, or until the later of the date falling more than 3 months after the end of the fiscal year in which the payment date falls.
Conditions for lifting transfer restrictions
Provided that the recipient remains in either the position of director or executive officer of the Company continuously from the ordinary general meeting of shareholders immediately preceding the payment date until the conclusion of the first ordinary general meeting of shareholders held thereafter, the transfer restrictions on all shares will be lifted when the restriction period expires. In the event of retirement for a valid reason or retirement due to death, the restrictions will be lifted in part according to the number of months served.
Reason for acquisition without consideration
If any shares remain subject to the restrictions when the restrictions are lifted, if the recipient retires or otherwise ceases to hold both the position of director and the position of executive officer without a valid reason before the conclusion of the first ordinary general meeting of shareholders held after the payment date, or if any shares remain subject to the restrictions after the restrictions are lifted in connection with a reorganization or similar transaction. If the Company's performance deteriorates significantly, or if there is a violation of laws or regulations or internal rules, the Company will acquire all or part of the shares without compensation or take other similar action.
Categories and Number of Persons Covered
Category The company’s directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Employees 6 / Number of allocated shares 37,132 shares, Category Executive officers of the Company / Number of Employees 19 / Number of allocated shares 27,014 shares
Intended allottee's holding policy
From the payment date until the eligible recipient retires as a director or executive officer of the Company or ceases to serve in a full-time capacity, or until the later of the date falling more than 3 months after the end of the fiscal year in which the payment date falls, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of. The holding policy after the restrictions are lifted is Not disclosed.
Payment date
24 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 24 June 2026, ¥2,235. No discount or premium applies.
Procedures under the Corporate Code of Conduct
At the 119th ordinary general meeting of shareholders held on 27 June 2023, approval was obtained for the introduction of the restricted stock compensation plan and for the limits on the amount of remuneration claims and the number of shares.
Impact on Business Performance
The impact of this disposal of treasury shares on results for the fiscal year ending March 2027 is Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 64,146 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥2,235 per share |
| Total issue value | ¥143,366,310 |
| Payment date | 24 July 2026 |
| Intended allottee | Name The company’s directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Employees 6 / Number of Shares 37,132 shares, Name Executive officers of the Company / Number of Employees 19 / Number of Shares 27,014 shares |
| Intended allottee's holding policy | From the payment date until the eligible recipient retires as a director or executive officer of the Company or ceases to serve in a full-time capacity, or until the later of the date falling more than 3 months after the end of the fiscal year in which the payment date falls, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of. The holding policy after the restrictions are lifted is Not disclosed. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 June 2026, ¥2,235. No discount or premium applies. |
| Transfer restriction period | From the payment date until the eligible recipient retires as a director or executive officer of the Company or ceases to serve in a full-time capacity, or until the later of the date falling more than 3 months after the end of the fiscal year in which the payment date falls. |
| Conditions for lifting transfer restrictions | Provided that the recipient remains in either the position of director or executive officer of the Company continuously from the ordinary general meeting of shareholders immediately preceding the payment date until the conclusion of the first ordinary general meeting of shareholders held thereafter, the transfer restrictions on all shares will be lifted when the restriction period expires. In the event of retirement for a valid reason or retirement due to death, the restrictions will be lifted in part according to the number of months served. |
| Reason for acquisition without consideration | If any shares remain subject to the restrictions when the restrictions are lifted, if the recipient retires or otherwise ceases to hold both the position of director and the position of executive officer without a valid reason before the conclusion of the first ordinary general meeting of shareholders held after the payment date, or if any shares remain subject to the restrictions after the restrictions are lifted in connection with a reorganization or similar transaction. If the Company's performance deteriorates significantly, or if there is a violation of laws or regulations or internal rules, the Company will acquire all or part of the shares without compensation or take other similar action. |
| Categories and Number of Persons Covered | Category The company’s directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Employees 6 / Number of allocated shares 37,132 shares, Category Executive officers of the Company / Number of Employees 19 / Number of allocated shares 27,014 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims: ¥143,366,310. The remuneration claims approved by the general meeting of shareholders are capped at ¥100 million per year. |
| Procedures under the Corporate Code of Conduct | At the 119th ordinary general meeting of shareholders held on 27 June 2023, approval was obtained for the introduction of the restricted stock compensation plan and for the limits on the amount of remuneration claims and the number of shares. |
| Impact on Business Performance | The impact of this disposal of treasury shares on results for the fiscal year ending March 2027 is Not disclosed |
Items this document does not state (13)
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 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 provide the eligible recipients with an incentive to achieve sustained growth in corporate value and to further promote the sharing of value with 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.
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