Worth reading
39Recurring
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
63828006
¥Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much40,863Shares
40,863 common shares of the Company (treasury shares)
The company’s directors, excluding directors who are Audit and Supervisory Committee members and outside directors3 / 16,899 shares
Executive officers of the Company10 / 23,964 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.
¥1,562 per share
Total issue value
¥63,828,006
Total Stock-Based Compensation
Total monetary compensation claims: ¥63,828,006. The compensation limit approved by the shareholders is an annual amount of no more than ¥100 million, and the total number of shares is no more than 200,000 shares per year.
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
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 the payment date until the later of the date on which the recipient retires from either position as a director or executive officer of the Company and the date on which the prescribed securities report or semi-annual report is filed
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds either a position as a director or executive officer of the Company throughout the service period, all restrictions will be lifted upon expiry of the transfer restriction period. In the event of retirement for a valid reason or retirement due to death, the restrictions will be lifted for the number of shares corresponding to the recipient's months of service. The shares will be subject to malus and clawback if certain events occur, including a serious violation of laws or internal regulations, accounting fraud or a substantial loss.
Reason for acquisition without consideration
If the recipient retires during the service period without a valid reason, if any shares remain subject to restrictions when the restrictions are lifted, or if certain events occur, including a material violation of laws, internal regulations or other rules, serious accounting fraud or a substantial loss.
Categories and Number of Persons Covered
3 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors): 16,899 shares; 10 executive officers of the Company: 23,964 shares
Intended allottee's holding policy
The recipients may not transfer, create security interests over, make gifts during their lifetime of, or otherwise dispose of the shares from the payment date until the later of the date on which they retire from both their position as a director or executive officer of the Company and the date on which the prescribed securities report or semi-annual report is filed.
Payment date
17 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 18 June 2026, the business day immediately preceding the date of the resolution on the allotment, was ¥1,562. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
At the 143rd annual general meeting of shareholders held on 19 June 2026, approval was obtained to limit the total number of common shares issued under this scheme to no more than 200,000 shares per year and the amount to no more than ¥100 million per year within the existing compensation limit, among other matters.
Impact on Business Performance
Although the Company states that it considered the purpose of the scheme, its business performance and other relevant circumstances, the specific impact of this disposal of treasury shares on business performance is Not 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 | 40,863 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥1,562 per share |
| Total issue value | ¥63,828,006 |
| Payment date | 17 July 2026 |
| Intended allottee | Name The company’s directors, excluding directors who are Audit and Supervisory Committee members and outside directors / Number of Employees 3 / Number of Shares 16,899 shares, Name Executive officers of the Company / Number of Employees 10 / Number of Shares 23,964 shares |
| Intended allottee's holding policy | The recipients may not transfer, create security interests over, make gifts during their lifetime of, or otherwise dispose of the shares from the payment date until the later of the date on which they retire from both their position as a director or executive officer of the Company and the date on which the prescribed securities report or semi-annual report is filed. |
| Total number of issued shares | As this is a disposal of treasury shares, the total number of issued shares will not increase |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 18 June 2026, the business day immediately preceding the date of the resolution on the allotment, was ¥1,562. No discount or premium was applied. |
| Transfer restriction period | From the payment date until the later of the date on which the recipient retires from either position as a director or executive officer of the Company and the date on which the prescribed securities report or semi-annual report is filed |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds either a position as a director or executive officer of the Company throughout the service period, all restrictions will be lifted upon expiry of the transfer restriction period. In the event of retirement for a valid reason or retirement due to death, the restrictions will be lifted for the number of shares corresponding to the recipient's months of service. The shares will be subject to malus and clawback if certain events occur, including a serious violation of laws or internal regulations, accounting fraud or a substantial loss. |
| Reason for acquisition without consideration | If the recipient retires during the service period without a valid reason, if any shares remain subject to restrictions when the restrictions are lifted, or if certain events occur, including a material violation of laws, internal regulations or other rules, serious accounting fraud or a substantial loss. |
| Categories and Number of Persons Covered | 3 directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors): 16,899 shares; 10 executive officers of the Company: 23,964 shares |
| Total Stock-Based Compensation | Total monetary compensation claims: ¥63,828,006. The compensation limit approved by the shareholders is an annual amount of no more than ¥100 million, and the total number of shares is no more than 200,000 shares per year. |
| Procedures under the Corporate Code of Conduct | At the 143rd annual general meeting of shareholders held on 19 June 2026, approval was obtained to limit the total number of common shares issued under this scheme to no more than 200,000 shares per year and the amount to no more than ¥100 million per year within the existing compensation limit, among other matters. |
| Impact on Business Performance | Although the Company states that it considered the purpose of the scheme, its business performance and other relevant circumstances, the specific impact of this disposal of treasury shares on business performance is Not disclosed. |
Items this document does not state (12)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsDilution RateExercise 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 and other recipients with an incentive to achieve sustainable growth in the Company's corporate value and to promote the sharing of value with shareholders. The Company also considered the purpose of the scheme, its business performance and other relevant circumstances, based on the recommendations of the Nomination and Compensation Advisory Committee.
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