Worth reading
48Recurring
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
0.02
% (dilution rate)Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
15,200 common shares of the Company (including 9,700 shares for eligible directors)
Directors of the Company (excluding outside directors)4 / 9,700 shares
The Company's executive officers4 / 3,200 shares
Directors of subsidiaries of the Company4 / 2,300 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.
¥1,830 per share
Total issue value
¥27,816,000
Total Stock-Based Compensation
Total monetary compensation receivables of ¥27,816,000 (including ¥17,751,000 for eligible directors)
発行済株式総数
0.02％
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 21 August 2026, the payment date, until the date on which the holder ceases to be a director or executive officer of the Company or any of its subsidiaries
Conditions for lifting transfer restrictions
The eligible officer must continuously hold the position of director or executive officer of the Company or any of its subsidiaries throughout the service period. If the officer leaves office due to death or another reason deemed legitimate by the Company's Board of Directors, the restrictions will be lifted for the number of shares corresponding to the officer's months of service.
Reason for acquisition without consideration
Upon expiration of the transfer restriction period, the Company will acquire without consideration any allocated shares for which the transfer restrictions have not been lifted.
Stock Split Ratio2-for-1 split, effective 1 April 2021 (not a split conducted in connection with this disposal)
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 9,700 shares, Category The Company's executive officers / Number of Employees 4 / Number of allocated shares 3,200 shares, Category Directors of subsidiaries of the Company / Number of Employees 4 / Number of allocated shares 2,300 shares
Payment date
21 August 2026
Basis for determining the amount to be paid
The closing price of the Company's common shares on the Tokyo Stock Exchange on 21 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,830. No discount or premium applies.
Procedures under the Corporate Code of Conduct
Approval was obtained at the 34th Annual General Meeting of Shareholders held on 26 June 2019 for the restricted stock compensation system, the cap on compensation receivables, the transfer restriction period and other matters.
Impact on Business Performance
The dilution rate resulting from this disposal of treasury shares is a minor 0.02%, and the Company considers the transaction reasonable in light of the purpose of the system and other relevant factors.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 15,200 common shares of the Company (including 9,700 shares for eligible directors) |
| Issue price and disposal price | ¥1,830 per share |
| Total issue value | ¥27,816,000 |
| Payment date | 21 August 2026 |
| Intended allottee | Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of Shares 9,700 shares, Category The Company's executive officers / Number of Employees 4 / Number of Shares 3,200 shares, Category Directors of subsidiaries of the Company / Number of Employees 4 / Number of Shares 2,300 shares |
| Dilution Rate | 0.02％ |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 21 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥1,830. No discount or premium applies. |
| Transfer restriction period | From 21 August 2026, the payment date, until the date on which the holder ceases to be a director or executive officer of the Company or any of its subsidiaries |
| Conditions for lifting transfer restrictions | The eligible officer must continuously hold the position of director or executive officer of the Company or any of its subsidiaries throughout the service period. If the officer leaves office due to death or another reason deemed legitimate by the Company's Board of Directors, the restrictions will be lifted for the number of shares corresponding to the officer's months of service. |
| Reason for acquisition without consideration | Upon expiration of the transfer restriction period, the Company will acquire without consideration any allocated shares for which the transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 4 / Number of allocated shares 9,700 shares, Category The Company's executive officers / Number of Employees 4 / Number of allocated shares 3,200 shares, Category Directors of subsidiaries of the Company / Number of Employees 4 / Number of allocated shares 2,300 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥27,816,000 (including ¥17,751,000 for eligible directors) |
| Stock Split Ratio | 2-for-1 split, effective 1 April 2021 (not a split conducted in connection with this disposal) |
| Procedures under the Corporate Code of Conduct | Approval was obtained at the 34th Annual General Meeting of Shareholders held on 26 June 2019 for the restricted stock compensation system, the cap on compensation receivables, the transfer restriction period and other matters. |
| Impact on Business Performance | The dilution rate resulting from this disposal of treasury shares is a minor 0.02%, and the Company considers the transaction reasonable in light of the purpose of the system and other relevant factors. |
Items this document does not state (12)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentMost 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 directors of the Company and its subsidiaries and the Company's executive officers with incentives to achieve sustainable improvements in corporate value and shareholder value over the medium to long term, while further promoting the sharing of value with shareholders. The decision also took into account the purpose of the system, the scope of responsibilities of each eligible officer and other relevant circumstances.
How to read this page
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