Worth reading
38Recurring
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
3325304
shares' worth of RSUsWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury stock pursuant to Restricted Stock Units (RSUs)
Who receives how much
20th RSU: up to 44,400 shares' worth; 21st RSU: up to 1,244,188 shares' worth; 22nd RSU: up to 1,975,856 shares' worth; 23rd RSU: up to 60,860 shares' worth (total: up to 3,325,304 shares' worth)
8 directors of the CompanyUp to 44,400 shares' worth
6 executive officers and other officers of the CompanyUp to 688,500 shares' worth
1 employee of the CompanyUp to 35,000 shares' worth
7 directors and other officers of the Company's subsidiariesUp to 520,688 shares' worth
2 employees of the CompanyUp to 20,983 shares' worth
28 directors and other officers of the Company's subsidiariesUp to 206,508 shares' worth
404 employees of the Company's subsidiariesUp to 1,748,365 shares' worth
4 executive officers of the CompanyUp to 60,860 shares' worth
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.
An amount to be determined by the Company based on the closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange on the business day preceding the date of the Representative Executive Officer's decision regarding the disposal
Amount of funds to be raised
No funds will be raised by the Company. Treasury stock will be disposed of in exchange for an in-kind contribution of monetary compensation receivables.
発行済株式総数
As this is a disposal of treasury shares, the total number of issued shares will not increase
Not applicable (disposal of treasury shares)
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
For the 20th RSU, until the first day of the month following the month containing the corresponding date 9 years after the grant date; for the 21st RSU, until the first day of the month following the month containing the corresponding date 3 years after the grant date; for the 22nd RSU, until the first day of the month following each month containing the corresponding dates 1, 2 and 3 years after the grant date; and for the 23rd RSU, until the loss of the relevant position or other specified event.
Conditions for lifting transfer restrictions
The recipient must continuously hold the prescribed position at the Company or one of its group companies through the specified vesting date for each RSU. If the recipient loses the position due to death or for another reason deemed legitimate by the Compensation Committee or another relevant body, a specified number of RSUs may vest.
Reason for acquisition without consideration
If the recipient relinquishes the RSUs, is sentenced to imprisonment or a more severe penalty, becomes subject to the commencement of bankruptcy or other similar proceedings, attachment or other enforcement measures, or falls under any other specified event prescribed in advance by the Company, all unvested RSUs will lapse.
Categories and Number of Persons Covered
8 directors of the Company: up to 44,400 shares' worth; 6 executive officers and other officers of the Company: up to 688,500 shares' worth; 1 employee of the Company: up to 35,000 shares' worth; 7 directors and other officers of the Company's subsidiaries: up to 520,688 shares' worth; 2 employees of the Company: up to 20,983 shares' worth; 28 directors and other officers of the Company's subsidiaries: up to 206,508 shares' worth; 404 employees of the Company's subsidiaries: up to 1,748,365 shares' worth; 4 executive officers of the Company: up to 60,860 shares' worth
Intended allottee's holding policy
The RSUs may not be transferred to any third party, pledged or otherwise disposed of in any way.
Basis for determining the amount to be paid
The amount will be determined based on the closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange on the business day preceding the date of the Representative Executive Officer's decision regarding the disposal (or, if no trading takes place, the closing price on the most recent trading day), within the range permitted by law and in a manner that is not particularly favorable to the recipients.
Impact on Business Performance
No impact on business performance stated
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury stock pursuant to Restricted Stock Units (RSUs) |
| Number of shares to be issued or disposed of | 20th RSU: up to 44,400 shares' worth; 21st RSU: up to 1,244,188 shares' worth; 22nd RSU: up to 1,975,856 shares' worth; 23rd RSU: up to 60,860 shares' worth (total: up to 3,325,304 shares' worth) |
| Issue price and disposal price | An amount to be determined by the Company based on the closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange on the business day preceding the date of the Representative Executive Officer's decision regarding the disposal |
| Amount of funds to be raised | No funds will be raised by the Company. Treasury stock will be disposed of in exchange for an in-kind contribution of monetary compensation receivables. |
| Intended allottee | Name 8 directors of the Company / Number of Shares Up to 44,400 shares' worth, Name 6 executive officers and other officers of the Company / Number of Shares Up to 688,500 shares' worth, Name 1 employee of the Company / Number of Shares Up to 35,000 shares' worth, Name 7 directors and other officers of the Company's subsidiaries / Number of Shares Up to 520,688 shares' worth, Name 2 employees of the Company / Number of Shares Up to 20,983 shares' worth, Name 28 directors and other officers of the Company's subsidiaries / Number of Shares Up to 206,508 shares' worth, Name 404 employees of the Company's subsidiaries / Number of Shares Up to 1,748,365 shares' worth, Name 4 executive officers of the Company / Number of Shares Up to 60,860 shares' worth |
| Intended allottee's holding policy | The RSUs may not be transferred to any third party, pledged or otherwise disposed of in any way. |
| Dilution Rate | Not applicable (disposal of treasury shares) |
| 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 amount will be determined based on the closing price of the Company's common stock in regular trading on the Tokyo Stock Exchange on the business day preceding the date of the Representative Executive Officer's decision regarding the disposal (or, if no trading takes place, the closing price on the most recent trading day), within the range permitted by law and in a manner that is not particularly favorable to the recipients. |
| Transfer restriction period | For the 20th RSU, until the first day of the month following the month containing the corresponding date 9 years after the grant date; for the 21st RSU, until the first day of the month following the month containing the corresponding date 3 years after the grant date; for the 22nd RSU, until the first day of the month following each month containing the corresponding dates 1, 2 and 3 years after the grant date; and for the 23rd RSU, until the loss of the relevant position or other specified event. |
| Conditions for lifting transfer restrictions | The recipient must continuously hold the prescribed position at the Company or one of its group companies through the specified vesting date for each RSU. If the recipient loses the position due to death or for another reason deemed legitimate by the Compensation Committee or another relevant body, a specified number of RSUs may vest. |
| Reason for acquisition without consideration | If the recipient relinquishes the RSUs, is sentenced to imprisonment or a more severe penalty, becomes subject to the commencement of bankruptcy or other similar proceedings, attachment or other enforcement measures, or falls under any other specified event prescribed in advance by the Company, all unvested RSUs will lapse. |
| Categories and Number of Persons Covered | 8 directors of the Company: up to 44,400 shares' worth; 6 executive officers and other officers of the Company: up to 688,500 shares' worth; 1 employee of the Company: up to 35,000 shares' worth; 7 directors and other officers of the Company's subsidiaries: up to 520,688 shares' worth; 2 employees of the Company: up to 20,983 shares' worth; 28 directors and other officers of the Company's subsidiaries: up to 206,508 shares' worth; 404 employees of the Company's subsidiaries: up to 1,748,365 shares' worth; 4 executive officers of the Company: up to 60,860 shares' worth |
| Impact on Business Performance | No impact on business performance stated |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsPayment dateExercise priceExercise periodNumber of Stock Acquisition RightsTotal Stock-Based CompensationUnderwriter / 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.To grant share-based compensation to directors, executive officers, other officers and employees of the Company and its group companies under the post-delivery share-based compensation plan.
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