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
18406
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
Directors of the company 9,336 shares / Directors of the company's subsidiaries 9,070 shares / Total 18,406 shares
1 director of the company9,336 shares
2 directors of a subsidiary of the Company9,070 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.
¥1,911 per share
Amount of funds to be raised
For the portion allocated to the Company's director: no cash payment or contribution in kind is required. For the portion allocated to the directors of the Company's subsidiaries: the full amount of monetary compensation claims will be contributed in kind. Estimated net proceeds: Not applicable
Total Stock-Based Compensation
¥17,841,096 for the Company's director and ¥17,332,770 for the directors of the Company's subsidiaries. However, no cash payment or contribution in kind is required for the portion allocated to the Company's director.
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 24 July 2026 to 23 July 2076 (50 years)
Conditions for lifting transfer restrictions
The transfer restrictions will be fully released upon expiration of the transfer restriction period, provided that the eligible director of the Company has remained in office as a director of the Company throughout the transfer restriction period and that each eligible director of a subsidiary has remained in office as a director of a subsidiary of the Company throughout that period. In the event of retirement for a legitimate reason or due to death, the number of shares subject to release and the timing of release will be reasonably adjusted. The same will apply, as necessary, in the event of a corporate reorganization or other similar event.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or upon release of the transfer restrictions, the Company will acquire without consideration any of the allocated shares for which the transfer restrictions have not been released.
Categories and Number of Persons Covered
Category Directors of the company / Number of Employees 1 / Number of allocated shares 9,336 shares, Category Directors of the company's subsidiaries / Number of Employees 2 / Number of allocated shares 9,070 shares
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 25 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,911. No discount or premium rate was disclosed.
Impact on Business Performance
No impact of this disposal of treasury shares on the Company's performance 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 | Directors of the company 9,336 shares / Directors of the company's subsidiaries 9,070 shares / Total 18,406 shares |
| Issue price and disposal price | ¥1,911 per share |
| Amount of funds to be raised | For the portion allocated to the Company's director: no cash payment or contribution in kind is required. For the portion allocated to the directors of the Company's subsidiaries: the full amount of monetary compensation claims will be contributed in kind. Estimated net proceeds: Not applicable |
| Payment date | 24 July 2026 |
| Intended allottee | Category 1 director of the company / Number of Shares 9,336 shares, Category 2 directors of a subsidiary of the Company / Number of Shares 9,070 shares |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 25 June 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,911. No discount or premium rate was disclosed. |
| Transfer restriction period | From 24 July 2026 to 23 July 2076 (50 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully released upon expiration of the transfer restriction period, provided that the eligible director of the Company has remained in office as a director of the Company throughout the transfer restriction period and that each eligible director of a subsidiary has remained in office as a director of a subsidiary of the Company throughout that period. In the event of retirement for a legitimate reason or due to death, the number of shares subject to release and the timing of release will be reasonably adjusted. The same will apply, as necessary, in the event of a corporate reorganization or other similar event. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or upon release of the transfer restrictions, the Company will acquire without consideration any of the allocated shares for which the transfer restrictions have not been released. |
| Categories and Number of Persons Covered | Category Directors of the company / Number of Employees 1 / Number of allocated shares 9,336 shares, Category Directors of the company's subsidiaries / Number of Employees 2 / Number of allocated shares 9,070 shares |
| Total Stock-Based Compensation | ¥17,841,096 for the Company's director and ¥17,332,770 for the directors of the Company's subsidiaries. However, no cash payment or contribution in kind is required for the portion allocated to the Company's director. |
| Impact on Business Performance | No impact of this disposal of treasury shares on the Company's performance was disclosed. |
Items this document does not state (15)
Total issue valueEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures 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 provide an incentive for the sustainable enhancement of corporate value and to further align the interests of the eligible directors and other recipients with those of shareholders. The Company also took into consideration the performance of the Company Group, the scope of the responsibilities of the eligible directors and other recipients, and other relevant factors.
How to read this page
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.