Worth reading
45Recurring
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
64069
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much64,069Shares
64,069 common shares of the Company (treasury shares)
The Company's directors, excluding outside directors, directors who are Audit and Supervisory Committee members and other persons independent of business execution, as well as persons residing overseas3 / 18,584 shares
The Company's executive officers, excluding persons residing overseas17 / 45,485 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.
¥2,639.5 per share
Amount of funds to be raised
Total payment amount: ¥169,110,125 (estimated net proceeds: Not disclosed)
Total Stock-Based Compensation
Total monetary compensation receivables: ¥169,110,125. The total amount of monetary compensation receivables granted to the eligible directors is limited to ¥200 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
From 10 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company
Conditions for lifting transfer restrictions
In principle, the recipient must continuously hold a position as a director, executive officer or employee of the Company through the date of the first ordinary general meeting of shareholders held after the commencement date of the transfer restriction period (for executive officers, through the end of the first fiscal year thereafter). If the recipient ceases to hold such position or retires for a legitimate reason, the restrictions will be partially lifted in proportion to the period of service.
Reason for acquisition without consideration
If the recipient ceases to hold such position or retires before the prescribed date, unless the Board of Directors recognizes a legitimate reason; if any shares remain subject to the transfer restrictions at the end of the restriction period; if certain events occur, including a material violation of laws, internal rules or other requirements, serious accounting fraud or a significant loss; or if the transfer restrictions have not been lifted before the effective date of a corporate reorganization or other similar transaction.
Categories and Number of Persons Covered
Category The Company's directors / Number of Employees 3 / Number of allocated shares 18,584 shares, Category The Company's executive officers / Number of Employees 17 / Number of allocated shares 45,485 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred to a third party, pledged, used to create a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of in any manner.
Payment date
10 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 24 June 2026, ¥2,639.5. No discount or premium applies.
Procedures under the Corporate Code of Conduct
At the 80th Ordinary General Meeting of Shareholders held on 28 June 2022, the introduction of the restricted stock compensation plan and the compensation framework and other related matters were approved.
Impact on Business Performance
No impact of this disposal of treasury shares on financial results has been 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 | 64,069 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥2,639.5 per share |
| Amount of funds to be raised | Total payment amount: ¥169,110,125 (estimated net proceeds: Not disclosed) |
| Payment date | 10 July 2026 |
| Intended allottee | Name The Company's directors, excluding outside directors, directors who are Audit and Supervisory Committee members and other persons independent of business execution, as well as persons residing overseas / Number of Employees 3 / Number of Shares 18,584 shares, Name The Company's executive officers, excluding persons residing overseas / Number of Employees 17 / Number of Shares 45,485 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred to a third party, pledged, used to create a security interest by way of transfer, gifted inter vivos, bequeathed or otherwise disposed of in any manner. |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 24 June 2026, ¥2,639.5. No discount or premium applies. |
| Transfer restriction period | From 10 July 2026 until the date on which the recipient ceases to hold any position as a director, executive officer or employee of the Company |
| Conditions for lifting transfer restrictions | In principle, the recipient must continuously hold a position as a director, executive officer or employee of the Company through the date of the first ordinary general meeting of shareholders held after the commencement date of the transfer restriction period (for executive officers, through the end of the first fiscal year thereafter). If the recipient ceases to hold such position or retires for a legitimate reason, the restrictions will be partially lifted in proportion to the period of service. |
| Reason for acquisition without consideration | If the recipient ceases to hold such position or retires before the prescribed date, unless the Board of Directors recognizes a legitimate reason; if any shares remain subject to the transfer restrictions at the end of the restriction period; if certain events occur, including a material violation of laws, internal rules or other requirements, serious accounting fraud or a significant loss; or if the transfer restrictions have not been lifted before the effective date of a corporate reorganization or other similar transaction. |
| Categories and Number of Persons Covered | Category The Company's directors / Number of Employees 3 / Number of allocated shares 18,584 shares, Category The Company's executive officers / Number of Employees 17 / Number of allocated shares 45,485 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥169,110,125. The total amount of monetary compensation receivables granted to the eligible directors is limited to ¥200 million per year. |
| Procedures under the Corporate Code of Conduct | At the 80th Ordinary General Meeting of Shareholders held on 28 June 2022, the introduction of the restricted stock compensation plan and the compensation framework and other related matters were approved. |
| Impact on Business Performance | No impact of this disposal of treasury shares on financial results has been stated. |
Items this document does not state (13)
Total issue valueEstimated 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 share the benefits and risks of share price fluctuations with shareholders and strengthen incentives to increase the share price, achieve sustainable growth and enhance corporate value over the medium to long term.
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