Worth reading
48Recurring
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
60000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as lump-sum grant-type restricted stock compensation
Who receives how much60,000Shares
60,000 common shares of the Company (treasury shares)
1 director of the Company, excluding directors who are Audit & Supervisory Committee members and outside directors: 60,000 shares
The lower thin line represents the existing number of shares to which these shares will be added.
No consideration
Total issue value
¥29,040,000 (fair value)
Amount of funds to be raised
Total amount to be paid: ¥0; estimated net proceeds: ¥0
Total Stock-Based Compensation
Up to ¥300 million per year (compensation limit under the plan). The fair value for this grant is ¥29,040,000.
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 allotment date (20 November 2026) until the date on which the recipient retires or resigns from the position of director, executive officer or another position specified by the Company's Board of Directors
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the recipient remains in the prescribed position continuously through the conclusion of the Company's annual general meeting of shareholders for the fiscal year ending July 2029. If the recipient retires or resigns before then, the restrictions will be lifted in proportion to the number of months in office divided by 36, and the remaining shares will be acquired by the Company without consideration.
Reason for acquisition without consideration
If any shares remain subject to transfer restrictions when the restrictions are lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares that remain subject to transfer restrictions.
Stock Split Ratio3 shares for each common share; effective date: 1 November 2023
Categories and Number of Persons Covered
1 director of the Company, excluding directors who are Audit & Supervisory Committee members and outside directors: 60,000 shares (also serving as an executive officer)
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral, gifted inter vivos or otherwise disposed of, and must be held and maintained in a dedicated account.
Basis for determining the amount to be paid
The disposal price is without consideration. As the fair value, the Company used ¥29,040,000, calculated by multiplying the closing price of ¥484 on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution (22 October 2026) by 60,000 shares, as the total disposal amount.
Impact on Business Performance
The impact of this matter on business performance is Not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as lump-sum grant-type restricted stock compensation |
| Number of shares to be issued or disposed of | 60,000 common shares of the Company (treasury shares) |
| Issue price and disposal price | No consideration |
| Total issue value | ¥29,040,000 (fair value) |
| Amount of funds to be raised | Total amount to be paid: ¥0; estimated net proceeds: ¥0 |
| Intended allottee | 1 director of the Company, excluding directors who are Audit & Supervisory Committee members and outside directors: 60,000 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged as collateral, gifted inter vivos or otherwise disposed of, and must be held and maintained in a dedicated account. |
| Basis for determining the amount to be paid | The disposal price is without consideration. As the fair value, the Company used ¥29,040,000, calculated by multiplying the closing price of ¥484 on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution (22 October 2026) by 60,000 shares, as the total disposal amount. |
| Transfer restriction period | From the allotment date (20 November 2026) until the date on which the recipient retires or resigns from the position of director, executive officer or another position specified by the Company's Board of Directors |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiration of the transfer restriction period, provided that the recipient remains in the prescribed position continuously through the conclusion of the Company's annual general meeting of shareholders for the fiscal year ending July 2029. If the recipient retires or resigns before then, the restrictions will be lifted in proportion to the number of months in office divided by 36, and the remaining shares will be acquired by the Company without consideration. |
| Reason for acquisition without consideration | If any shares remain subject to transfer restrictions when the restrictions are lifted. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares that remain subject to transfer restrictions. |
| Categories and Number of Persons Covered | 1 director of the Company, excluding directors who are Audit & Supervisory Committee members and outside directors: 60,000 shares (also serving as an executive officer) |
| Total Stock-Based Compensation | Up to ¥300 million per year (compensation limit under the plan). The fair value for this grant is ¥29,040,000. |
| Stock Split Ratio | 3 shares for each common share; effective date: 1 November 2023 |
| Impact on Business Performance | The impact of this matter on business performance is Not disclosed |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsPayment dateDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentProcedures 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 share ownership by the eligible director, advance the sharing of value with shareholders, and provide an incentive to enhance corporate value and achieve sustainable growth over the long term.
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.