Worth reading
50Recurring
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
4500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much4,500Shares
Treasury shares: 4,500 shares
4 directors, excluding outside directors and directors who are Audit & Supervisory Committee members: 4,500 shares
The lower thin line represents the existing number of shares to which these shares will be added.
¥1,094 per share
Total issue value
¥4,923,000
Amount of funds to be raised
Total payment amount: ¥4,923,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary remuneration claims: ¥4,923,000. The total amount of monetary remuneration claims under the scheme is capped at ¥50 million per 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
30 years from the payment date
Conditions for lifting transfer restrictions
All transfer restrictions will be lifted upon expiration of the transfer restriction period, provided that the eligible director has continuously held the position of director of the Company throughout the transfer restriction period. However, if the director loses the position before the expiration of the period for a reason deemed justifiable by the Board of Directors, all or part of the restrictions will be lifted in accordance with the agreement and regulations. In the event of a corporate reorganization or similar transaction, the restrictions will also be lifted before the effective date with respect to a reasonably determined number of shares.
Reason for acquisition without consideration
The Company will acquire without consideration any shares covered by this allocation for which the transfer restrictions are not lifted. In the event of a corporate reorganization or similar transaction, the Company will acquire without consideration any shares that remain subject to transfer restrictions after the restrictions are lifted.
Categories and Number of Persons Covered
4 directors, excluding outside directors and directors who are Audit & Supervisory Committee members: 4,500 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of. The transfer restriction period is 30 years from the payment date.
Payment date
13 May 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 22 April 2026, ¥1,094. Discount/premium rate: none (the price is equal to the closing price).
Procedures under the Corporate Code of Conduct
The voluntarily established Nomination and Remuneration Advisory Committee, comprising the Representative Director and outside directors, advised that the disposal price does not constitute a particularly favorable price for the intended allottees.
Impact on Business Performance
No impact of this disposal of treasury shares on results for the fiscal year ending January 2027 is stated.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | Treasury shares: 4,500 shares |
| Issue price and disposal price | ¥1,094 per share |
| Total issue value | ¥4,923,000 |
| Amount of funds to be raised | Total payment amount: ¥4,923,000; estimated net proceeds: Not disclosed |
| Payment date | 13 May 2026 |
| Intended allottee | 4 directors, excluding outside directors and directors who are Audit & Supervisory Committee members: 4,500 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged as collateral or otherwise disposed of. The transfer restriction period is 30 years from the payment date. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange Standard Market on 22 April 2026, ¥1,094. Discount/premium rate: none (the price is equal to the closing price). |
| Transfer restriction period | 30 years from the payment date |
| Conditions for lifting transfer restrictions | All transfer restrictions will be lifted upon expiration of the transfer restriction period, provided that the eligible director has continuously held the position of director of the Company throughout the transfer restriction period. However, if the director loses the position before the expiration of the period for a reason deemed justifiable by the Board of Directors, all or part of the restrictions will be lifted in accordance with the agreement and regulations. In the event of a corporate reorganization or similar transaction, the restrictions will also be lifted before the effective date with respect to a reasonably determined number of shares. |
| Reason for acquisition without consideration | The Company will acquire without consideration any shares covered by this allocation for which the transfer restrictions are not lifted. In the event of a corporate reorganization or similar transaction, the Company will acquire without consideration any shares that remain subject to transfer restrictions after the restrictions are lifted. |
| Categories and Number of Persons Covered | 4 directors, excluding outside directors and directors who are Audit & Supervisory Committee members: 4,500 shares |
| Total Stock-Based Compensation | Total monetary remuneration claims: ¥4,923,000. The total amount of monetary remuneration claims under the scheme is capped at ¥50 million per year. |
| Procedures under the Corporate Code of Conduct | The voluntarily established Nomination and Remuneration Advisory Committee, comprising the Representative Director and outside directors, advised that the disposal price does not constitute a particularly favorable price for the intended allottees. |
| Impact on Business Performance | No impact of this disposal of treasury shares on results for the fiscal year ending January 2027 is stated. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost 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 the eligible directors with an incentive to sustainably increase corporate value and promote the sharing of value with shareholders through direct share ownership.
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.