Worth reading
49Recurring
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
13414
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
13,414 shares of the Company's common stock (8 directors: 9,884 shares; 10 executive officers: 3,530 shares)
8 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors9,884 shares
10 executive officers of the Company3,530 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.
¥2,210 per share
Total issue value
¥29,644,940
Amount of funds to be raised
Total payment amount: ¥29,644,940. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
¥29,644,940 (total of the monetary compensation claims and monetary claims granted)
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 August 2026, the payment date, until the date on which the recipient ceases to hold any position as an officer or employee of the Company
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as an officer or employee of the Company from 24 August 2026 through 1 July 2027, the transfer restrictions on all of the shares allotted under this plan will be lifted upon expiration of the transfer restriction period. If the recipient ceases to hold such a position due to death, expiration of the term of office or any other reason deemed legitimate by the Board of Directors, the restrictions will be lifted on the number of shares calculated by multiplying the number of shares allotted under this plan by the number of months from August 2026 through the month including the date on which the recipient ceases to hold such a position, divided by 11, capped at 1. In the event of a corporate reorganization or similar transaction, the restrictions will also be lifted in accordance with the prescribed number of months.
Reason for acquisition without consideration
At the expiration of the transfer restriction period or any other prescribed date specified in the agreement, the Company will automatically acquire without consideration any shares allotted under this plan for which the transfer restrictions have not been lifted.
Categories and Number of Persons Covered
8 directors of the Company, excluding directors who are Audit & Supervisory Committee members and outside directors: 9,884 shares; 10 executive officers of the Company: 3,530 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period runs from 24 August 2026 until the date on which the recipient ceases to hold any position as an officer or employee of the Company.
Payment date
24 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common stock on the Tokyo Stock Exchange on 23 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,210. No discount or premium rate was stated.
Impact on Business Performance
No impact of this disposal of treasury shares on the Company's performance has been disclosed as of the present time
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 13,414 shares of the Company's common stock (8 directors: 9,884 shares; 10 executive officers: 3,530 shares) |
| Issue price and disposal price | ¥2,210 per share |
| Total issue value | ¥29,644,940 |
| Amount of funds to be raised | Total payment amount: ¥29,644,940. Estimated net proceeds: Not disclosed |
| Payment date | 24 August 2026 |
| Intended allottee | Name 8 directors of the Company, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Shares 9,884 shares, Name 10 executive officers of the Company / Number of Shares 3,530 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period runs from 24 August 2026 until the date on which the recipient ceases to hold any position as an officer or employee of the Company. |
| Basis for determining the amount to be paid | The closing price of the Company's common stock on the Tokyo Stock Exchange on 23 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥2,210. No discount or premium rate was stated. |
| Transfer restriction period | From 24 August 2026, the payment date, until the date on which the recipient ceases to hold any position as an officer or employee of the Company |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as an officer or employee of the Company from 24 August 2026 through 1 July 2027, the transfer restrictions on all of the shares allotted under this plan will be lifted upon expiration of the transfer restriction period. If the recipient ceases to hold such a position due to death, expiration of the term of office or any other reason deemed legitimate by the Board of Directors, the restrictions will be lifted on the number of shares calculated by multiplying the number of shares allotted under this plan by the number of months from August 2026 through the month including the date on which the recipient ceases to hold such a position, divided by 11, capped at 1. In the event of a corporate reorganization or similar transaction, the restrictions will also be lifted in accordance with the prescribed number of months. |
| Reason for acquisition without consideration | At the expiration of the transfer restriction period or any other prescribed date specified in the agreement, the Company will automatically acquire without consideration any shares allotted under this plan for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | 8 directors of the Company, excluding directors who are Audit & Supervisory Committee members and outside directors: 9,884 shares; 10 executive officers of the Company: 3,530 shares |
| Total Stock-Based Compensation | ¥29,644,940 (total of the monetary compensation claims and monetary claims granted) |
| Impact on Business Performance | No impact of this disposal of treasury shares on the Company's performance has been disclosed as of the present time |
Items this document does not state (13)
Estimated issuance expensesSpecific use of fundsDilution 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.The purpose is to provide an incentive for the sustainable enhancement of the Company's corporate value and to further promote the sharing of value with shareholders. The Company also took into consideration the purpose of this plan, the Company's performance, the scope of responsibilities of each allocation recipient and other relevant circumstances.
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