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
158803
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much158,803Shares
158,803 shares of the Company's common stock (treasury shares)
2 directors (excluding outside directors)97,955 shares
13 executive officers60,848 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.
¥1,420 per share
Total issue value
¥225,500,260
Total Stock-Based Compensation
Total monetary compensation receivables of ¥225,500,260. The total annual amount of monetary compensation to be paid for the grant of restricted stock is limited to ¥250 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
From 14 May 2026 until the date on which the recipient ceases to be either a director or an executive officer of the Company
Conditions for lifting transfer restrictions
Directors must continuously hold the position of director or executive officer of the Company from the date of the Company's annual general meeting of shareholders immediately preceding the payment date through the date of the following year's annual general meeting of shareholders, while executive officers must continuously hold that position from 1 January immediately preceding the payment date through 31 December of the same year. If a recipient ceases to hold the position due to death or another reason deemed legitimate by the Board of Directors, restrictions will be lifted on a number of shares determined according to the recipient's period of service.
Reason for acquisition without consideration
Upon expiration of the transfer restriction period, the Company will automatically acquire without consideration any of the allocated shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
2 directors (excluding outside directors), 97,955 shares; 13 executive officers, 60,848 shares
Intended allottee's holding policy
From 14 May 2026 until the date on which the recipient ceases to be either a director or an executive officer of the Company, the recipient may not transfer, create a security interest over or otherwise dispose of the shares.
Payment date
14 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 15 April 2026, ¥1,420. No discount or premium.
Procedures under the Corporate Code of Conduct
At the 77th Annual General Meeting of Shareholders held on 27 March 2025, approval was obtained for an annual amount of up to ¥250 million, separate from the monetary compensation limit, and an annual limit of up to 900,000 shares to be delivered.
Impact on Business Performance
No impact on the Company's performance from this disposal of treasury shares was 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 | 158,803 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥1,420 per share |
| Total issue value | ¥225,500,260 |
| Payment date | 14 May 2026 |
| Intended allottee | Category 2 directors (excluding outside directors) / Number of Shares 97,955 shares, Category 13 executive officers / Number of Shares 60,848 shares |
| Intended allottee's holding policy | From 14 May 2026 until the date on which the recipient ceases to be either a director or an executive officer of the Company, the recipient may not transfer, create a security interest over or otherwise dispose of the shares. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 15 April 2026, ¥1,420. No discount or premium. |
| Transfer restriction period | From 14 May 2026 until the date on which the recipient ceases to be either a director or an executive officer of the Company |
| Conditions for lifting transfer restrictions | Directors must continuously hold the position of director or executive officer of the Company from the date of the Company's annual general meeting of shareholders immediately preceding the payment date through the date of the following year's annual general meeting of shareholders, while executive officers must continuously hold that position from 1 January immediately preceding the payment date through 31 December of the same year. If a recipient ceases to hold the position due to death or another reason deemed legitimate by the Board of Directors, restrictions will be lifted on a number of shares determined according to the recipient's period of service. |
| Reason for acquisition without consideration | Upon expiration of the transfer restriction period, the Company will automatically acquire without consideration any of the allocated shares whose transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | 2 directors (excluding outside directors), 97,955 shares; 13 executive officers, 60,848 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥225,500,260. The total annual amount of monetary compensation to be paid for the grant of restricted stock is limited to ¥250 million. |
| Procedures under the Corporate Code of Conduct | At the 77th Annual General Meeting of Shareholders held on 27 March 2025, approval was obtained for an annual amount of up to ¥250 million, separate from the monetary compensation limit, and an annual limit of up to 900,000 shares to be delivered. |
| Impact on Business Performance | No impact on the Company's performance from this disposal of treasury shares was 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 Company's directors and executive officers with incentives to achieve sustained improvement in corporate and shareholder value over the medium to long term, and to promote value sharing with shareholders. The Company also took into account its performance, the scope of responsibilities of each eligible officer and other relevant factors.
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.