Worth reading
41Recurring
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
16100
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as annual grant-type restricted stock compensation
Who receives how much
Treasury shares 16,100 shares (6,000 shares for directors and 10,100 shares for executive officers)
Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors)1 / 6,000 shares
The Company's executive officers who do not concurrently serve as directors4 / 10,100 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.
Directors No consideration / Executive officers ¥484 per share
Total issue value
Directors Fair value of ¥2,904,000 / Executive officers ¥4,888,400
Total Stock-Based Compensation
The compensation limit for eligible directors is ¥300 million per year or less, and the monetary claims granted to eligible executive officers total ¥4,888,400. In substance, the Company expects the annual amount to be ¥100 million or less per fiscal 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 date of the allocation until the later of the date on which the recipient retires or leaves the Company and the date on which the annual securities report for the fiscal year including the allocation date is filed, or, in certain cases, the date on which the semi-annual securities report is filed.
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiration of the restriction period, provided that the recipient remains in the prescribed position continuously from the allocation date until the conclusion of the ordinary general meeting of shareholders for the fiscal period including the allocation date. If the recipient retires or leaves the Company during the restriction period, the restrictions will in principle be fully lifted, although the Board of Directors may adjust the number of shares and the timing.
Reason for acquisition without consideration
If any allocated shares remain subject to transfer restrictions when the restrictions are lifted.
Offering structure
Underwriter / lead underwriter
Mizuho Securities Co., Ltd. (share administration account)
Stock Split Ratio3-for-1 split of common shares, effective 1 November 2023
Categories and Number of Persons Covered
Eligible directors: 1 person, 6,000 shares, Eligible executive officers: 4 people, 10,100 shares
Intended allottee's holding policy
In principle, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of until the recipient retires or leaves the Company, and must be held and maintained in a designated account.
Payment date
20 November 2026
Basis for determining the amount to be paid
For the executive officers, the payment amount is based on the closing price of ¥484 per share on the Tokyo Stock Exchange on 22 October 2026, the business day immediately preceding the date of the Board of Directors' resolution. For the directors, the total disposal amount is calculated by multiplying the same closing price of ¥484 by the number of shares, but the shares will be issued for no consideration.
Impact on Business Performance
The impact of this disposal of treasury shares on financial results is Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as annual grant-type restricted stock compensation |
| Number of shares to be issued or disposed of | Treasury shares 16,100 shares (6,000 shares for directors and 10,100 shares for executive officers) |
| Issue price and disposal price | Directors No consideration / Executive officers ¥484 per share |
| Total issue value | Directors Fair value of ¥2,904,000 / Executive officers ¥4,888,400 |
| Payment date | 20 November 2026 |
| Intended allottee | Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 1 / Number of Shares 6,000 shares, Category The Company's executive officers who do not concurrently serve as directors / Number of Employees 4 / Number of Shares 10,100 shares |
| Intended allottee's holding policy | In principle, the shares may not be transferred, pledged, gifted inter vivos or otherwise disposed of until the recipient retires or leaves the Company, and must be held and maintained in a designated account. |
| Basis for determining the amount to be paid | For the executive officers, the payment amount is based on the closing price of ¥484 per share on the Tokyo Stock Exchange on 22 October 2026, the business day immediately preceding the date of the Board of Directors' resolution. For the directors, the total disposal amount is calculated by multiplying the same closing price of ¥484 by the number of shares, but the shares will be issued for no consideration. |
| Transfer restriction period | From the date of the allocation until the later of the date on which the recipient retires or leaves the Company and the date on which the annual securities report for the fiscal year including the allocation date is filed, or, in certain cases, the date on which the semi-annual securities report is filed. |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the restriction period, provided that the recipient remains in the prescribed position continuously from the allocation date until the conclusion of the ordinary general meeting of shareholders for the fiscal period including the allocation date. If the recipient retires or leaves the Company during the restriction period, the restrictions will in principle be fully lifted, although the Board of Directors may adjust the number of shares and the timing. |
| Reason for acquisition without consideration | If any allocated shares remain subject to transfer restrictions when the restrictions are lifted. |
| Categories and Number of Persons Covered | Eligible directors: 1 person, 6,000 shares, Eligible executive officers: 4 people, 10,100 shares |
| Total Stock-Based Compensation | The compensation limit for eligible directors is ¥300 million per year or less, and the monetary claims granted to eligible executive officers total ¥4,888,400. In substance, the Company expects the annual amount to be ¥100 million or less per fiscal year. |
| Underwriter / lead underwriter | Mizuho Securities Co., Ltd. (share administration account) |
| Stock Split Ratio | 3-for-1 split of common shares, effective 1 November 2023 |
| Impact on Business Performance | The impact of this disposal of treasury shares on financial results is Not disclosed. |
Items this document does not state (12)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsOverallotmentProcedures under the Corporate Code of ConductMost 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 promote the sharing of value with shareholders by having the recipients hold the Company's shares, motivate them to demonstrate sound entrepreneurial spirit, promote share ownership, and encourage the enhancement of corporate value over the long term and the achievement of sustainable growth.
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