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
12000
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much12,000Shares
12,000 common shares of the Company (treasury shares)
Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors)5 / 10,250 shares
Directors of subsidiaries of the Company1 / 1,750 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.
¥947 per share
Total issue value
¥11,364,000
Amount of funds to be raised
Total payment amount: ¥11,364,000; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary receivables: ¥11,364,000 (total annual compensation under the scheme: no more than ¥70 million)
発行済株式総数
The total number of issued shares will not increase because this is a disposal of treasury shares.
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
19 May 2026 to 18 May 2056 (30 years)
Conditions for lifting transfer restrictions
The transfer restrictions will be fully lifted upon expiry of the transfer restriction period, provided that the recipient continuously held one of the following positions at the Company or one of its subsidiaries during the transfer restriction period: director, executive officer, executive officer not concurrently serving as a director, Audit & Supervisory Board member, adviser, counselor or employee. If the recipient leaves office or employment upon expiry of the term of office, reaching the mandatory retirement age or for another legitimate reason, the transfer restrictions will be lifted immediately after such departure with respect to the number of shares corresponding to the period of service or employment.
Reason for acquisition without consideration
The Company will automatically acquire without consideration any allocated shares whose restrictions have not been released as of the expiry of the restriction period or the date on which the restrictions are released. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares whose restrictions remain in place after the restrictions are released.
Categories and Number of Persons Covered
Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of allocated shares 10,250 shares, Category Directors of subsidiaries of the Company / Number of Employees 1 / Number of allocated shares 1,750 shares
Intended allottee's holding policy
During the 30-year transfer restriction period, the shares may not be transferred to third parties, pledged as collateral or otherwise disposed of in any way. During the transfer restriction period, they will be managed in a dedicated account at Nomura Securities Co., Ltd.
Payment date
19 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 17 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥947. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
At the 33rd Annual General Meeting of Shareholders held on 28 March 2025, approval was obtained for compensation and other payments under this scheme.
Impact on Business Performance
No information is provided regarding the impact of this matter on financial performance.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 12,000 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥947 per share |
| Total issue value | ¥11,364,000 |
| Amount of funds to be raised | Total payment amount: ¥11,364,000; estimated net proceeds: Not disclosed |
| Payment date | 19 May 2026 |
| Intended allottee | Name Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of Shares 10,250 shares, Name Directors of subsidiaries of the Company / Number of Employees 1 / Number of Shares 1,750 shares |
| Intended allottee's holding policy | During the 30-year transfer restriction period, the shares may not be transferred to third parties, pledged as collateral or otherwise disposed of in any way. During the transfer restriction period, they will be managed in a dedicated account at Nomura Securities Co., Ltd. |
| Total number of issued shares | The total number of issued shares will not increase because this is a disposal of treasury shares. |
| 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 17 April 2026, the business day preceding the date of the Board of Directors' resolution, was ¥947. No discount or premium rate was stated. |
| Transfer restriction period | 19 May 2026 to 18 May 2056 (30 years) |
| Conditions for lifting transfer restrictions | The transfer restrictions will be fully lifted upon expiry of the transfer restriction period, provided that the recipient continuously held one of the following positions at the Company or one of its subsidiaries during the transfer restriction period: director, executive officer, executive officer not concurrently serving as a director, Audit & Supervisory Board member, adviser, counselor or employee. If the recipient leaves office or employment upon expiry of the term of office, reaching the mandatory retirement age or for another legitimate reason, the transfer restrictions will be lifted immediately after such departure with respect to the number of shares corresponding to the period of service or employment. |
| Reason for acquisition without consideration | The Company will automatically acquire without consideration any allocated shares whose restrictions have not been released as of the expiry of the restriction period or the date on which the restrictions are released. In the event of a corporate reorganization or similar transaction, the Company will also acquire without consideration any shares whose restrictions remain in place after the restrictions are released. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding directors who are Audit and Supervisory Committee members and outside directors) / Number of Employees 5 / Number of allocated shares 10,250 shares, Category Directors of subsidiaries of the Company / Number of Employees 1 / Number of allocated shares 1,750 shares |
| Total Stock-Based Compensation | Total monetary receivables: ¥11,364,000 (total annual compensation under the scheme: no more than ¥70 million) |
| Procedures under the Corporate Code of Conduct | At the 33rd Annual General Meeting of Shareholders held on 28 March 2025, approval was obtained for compensation and other payments under this scheme. |
| Impact on Business Performance | No information is provided regarding the impact of this matter on financial performance. |
Items this document does not state (11)
Estimated 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 sustainably increase corporate value and promote the sharing of value with shareholders, as well as to further enhance their motivation.
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.
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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.