Worth reading
44Recurring
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
78239
Shares (disposal of treasury shares)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation and performance-linked stock compensation
Who receives how much78,239Shares
78,239 shares of the Company's common stock (treasury shares)
Directors (excluding directors serving as Audit and Supervisory Committee members)2 / 13,869 shares
Directors serving as Audit and Supervisory Committee members4 / 14,999 shares
Executive officers1 / 49,371 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.
¥199 per share
Total issue value
¥15,569,561
Amount of funds to be raised
Total payment amount: ¥15,569,561; estimated net proceeds: Not disclosed (no cash will be raised because payment will be made through an in-kind contribution)
Total Stock-Based Compensation
Total monetary compensation: ¥15,569,561
発行済株式総数
Not applicable (disposal of treasury shares)
The dilution rate shows what proportion the newly issued shares represent of the existing shares. The higher the proportion, the more the value and voting rights per share are diluted.
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 25 June 2026 until the later of the date three months after the end of the current fiscal year or the date on which the recipient ceases to hold any position as a director, executive officer, corporate officer or employee of the Company or any of its subsidiaries
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director, executive officer, corporate officer or employee of the Company's group throughout the service period from 25 June 2026 until immediately before the conclusion of the first annual shareholders meeting to be held thereafter, all of the allocated shares will be released from the transfer restrictions when the restriction period expires.
Reason for acquisition without consideration
If a recipient director or executive officer falls under any of the specified circumstances set forth in the allocation agreement, including ceasing to be a director of the Company or ceasing to hold the position of executive officer or employee before the end of the service period, the Company will acquire all of the allocated shares without consideration.
Categories and Number of Persons Covered
2 directors (excluding directors serving as Audit & Supervisory Committee members): 13,869 shares; 4 directors serving as Audit & Supervisory Committee members: 14,999 shares; 1 executive officer: 49,371 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred, pledged or otherwise disposed of. During the restriction period, they will be managed in a dedicated account at SMBC Nikko Securities Inc.
Payment date
25 June 2026
Basis for determining the amount to be paid
The closing price of the Company's shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, 25 May 2026, was ¥199. The discount and premium rates are 0%.
Procedures under the Corporate Code of Conduct
At the 23rd Annual General Meeting of Shareholders held on 27 May 2022, approval was obtained for the maximum amount of monetary compensation and the maximum number of shares under this system. The current disposal was resolved by the Board of Directors. Whether an independent third-party opinion was obtained: Not disclosed.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation and performance-linked stock compensation |
| Number of shares to be issued or disposed of | 78,239 shares of the Company's common stock (treasury shares) |
| Issue price and disposal price | ¥199 per share |
| Total issue value | ¥15,569,561 |
| Amount of funds to be raised | Total payment amount: ¥15,569,561; estimated net proceeds: Not disclosed (no cash will be raised because payment will be made through an in-kind contribution) |
| Payment date | 25 June 2026 |
| Intended allottee | Name Directors (excluding directors serving as Audit and Supervisory Committee members) / Number of Employees 2 / Number of Shares 13,869 shares, Name Directors serving as Audit and Supervisory Committee members / Number of Employees 4 / Number of Shares 14,999 shares, Name Executive officers / Number of Employees 1 / Number of Shares 49,371 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred, pledged or otherwise disposed of. During the restriction period, they will be managed in a dedicated account at SMBC Nikko Securities Inc. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| Basis for determining the amount to be paid | The closing price of the Company's shares on the Tokyo Stock Exchange on the business day immediately preceding the date of the Board of Directors' resolution, 25 May 2026, was ¥199. The discount and premium rates are 0%. |
| Transfer restriction period | From 25 June 2026 until the later of the date three months after the end of the current fiscal year or the date on which the recipient ceases to hold any position as a director, executive officer, corporate officer or employee of the Company or any of its subsidiaries |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director, executive officer, corporate officer or employee of the Company's group throughout the service period from 25 June 2026 until immediately before the conclusion of the first annual shareholders meeting to be held thereafter, all of the allocated shares will be released from the transfer restrictions when the restriction period expires. |
| Reason for acquisition without consideration | If a recipient director or executive officer falls under any of the specified circumstances set forth in the allocation agreement, including ceasing to be a director of the Company or ceasing to hold the position of executive officer or employee before the end of the service period, the Company will acquire all of the allocated shares without consideration. |
| Categories and Number of Persons Covered | 2 directors (excluding directors serving as Audit & Supervisory Committee members): 13,869 shares; 4 directors serving as Audit & Supervisory Committee members: 14,999 shares; 1 executive officer: 49,371 shares |
| Total Stock-Based Compensation | Total monetary compensation: ¥15,569,561 |
| Procedures under the Corporate Code of Conduct | At the 23rd Annual General Meeting of Shareholders held on 27 May 2022, approval was obtained for the maximum amount of monetary compensation and the maximum number of shares under this system. The current disposal was resolved by the Board of Directors. Whether an independent third-party opinion was obtained: Not disclosed. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
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.The Company will grant stock-based compensation after considering its performance, the recipients' contributions and other relevant factors, with the aim of fostering greater awareness of value creation and sharing interests 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.
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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.