Worth reading
45Recurring
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
43500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much43,500Shares
43,500 shares of the company’s common stock (treasury shares)
The company’s directors (excluding overseas residents, directors who are Audit & Supervisory Committee members and outside directors)5 / 32,000 shares
The company’s executive officers who do not concurrently serve as directors (excluding overseas residents)6 / 6,000 shares
The company’s department heads11 / 5,500 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.
¥1,081 per share
Total issue value
¥47,023,500
Total Stock-Based Compensation
Total monetary compensation receivables of ¥47,023,500
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 21 August 2026 through 20 August 2056 (30 years)
Conditions for lifting transfer restrictions
The restrictions will be fully lifted upon expiration of the period, provided that the recipient has continuously held a position as a director, executive officer, executive officer who does not concurrently serve as a director, Audit & Supervisory Board member, employee, adviser, counselor or other equivalent position of the company or one of its subsidiaries throughout the transfer restriction period. If the recipient leaves office or employment upon expiration of the term, mandatory retirement or for another legitimate reason, the restrictions will be lifted in proportion to the period of service.
Reason for acquisition without consideration
The company will automatically acquire without consideration any shares for which the transfer restrictions have not been lifted at the expiration of the transfer restriction period or when the restrictions are lifted.
Categories and Number of Persons Covered
5 directors, 32,000 shares; 6 executive officers who do not concurrently serve as directors, 6,000 shares; 11 department heads, 5,500 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of.
Payment date
21 August 2026
Basis for determining the amount to be paid
The closing price of ¥1,081 on the Prime Market of the Tokyo Stock Exchange on 22 July 2026, the business day preceding the date of the Board of Directors’ resolution. No discount or premium rate was disclosed.
Procedures under the Corporate Code of Conduct
At the 71st Annual General Meeting of Shareholders held on 25 June 2024, approval was obtained for the allotment of restricted stock to the eligible directors.
Impact on Business Performance
No information was provided regarding the impact on financial results.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 43,500 shares of the company’s common stock (treasury shares) |
| Issue price and disposal price | ¥1,081 per share |
| Total issue value | ¥47,023,500 |
| Payment date | 21 August 2026 |
| Intended allottee | Name The company’s directors (excluding overseas residents, directors who are Audit & Supervisory Committee members and outside directors) / Number of Employees 5 / Number of Shares 32,000 shares, Name The company’s executive officers who do not concurrently serve as directors (excluding overseas residents) / Number of Employees 6 / Number of Shares 6,000 shares, Name The company’s department heads / Number of Employees 11 / Number of Shares 5,500 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged, or otherwise disposed of. |
| Basis for determining the amount to be paid | The closing price of ¥1,081 on the Prime Market of the Tokyo Stock Exchange on 22 July 2026, the business day preceding the date of the Board of Directors’ resolution. No discount or premium rate was disclosed. |
| Transfer restriction period | From 21 August 2026 through 20 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | The restrictions will be fully lifted upon expiration of the period, provided that the recipient has continuously held a position as a director, executive officer, executive officer who does not concurrently serve as a director, Audit & Supervisory Board member, employee, adviser, counselor or other equivalent position of the company or one of its subsidiaries throughout the transfer restriction period. If the recipient leaves office or employment upon expiration of the term, mandatory retirement or for another legitimate reason, the restrictions will be lifted in proportion to the period of service. |
| Reason for acquisition without consideration | The company will automatically acquire without consideration any shares for which the transfer restrictions have not been lifted at the expiration of the transfer restriction period or when the restrictions are lifted. |
| Categories and Number of Persons Covered | 5 directors, 32,000 shares; 6 executive officers who do not concurrently serve as directors, 6,000 shares; 11 department heads, 5,500 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥47,023,500 |
| Procedures under the Corporate Code of Conduct | At the 71st Annual General Meeting of Shareholders held on 25 June 2024, approval was obtained for the allotment of restricted stock to the eligible directors. |
| Impact on Business Performance | No information was provided regarding the impact on financial results. |
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 an incentive to increase recipients’ motivation to contribute to the appreciation of the share price and enhancement of corporate value, while sharing the benefits and risks of share price fluctuations 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.
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.