Worth reading
43Recurring
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
%Wording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much1,305Shares
1,305 treasury shares
4 of the Company's directors, excluding outside directors1,305 shares
The lower thin line represents the existing number of shares to which these shares will be added.
Issue/disposal price: ¥4,530 per share
Total issue value
Total issue price: ¥5,911,650
Total Stock-Based Compensation
Total monetary compensation receivables of ¥5,911,650 (the compensation limit is ¥20 million per year)
発行済株式総数
0.02% (as a percentage of the total number of issued shares as of 31 March 2026)
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 10 July 2026 until the date on which the eligible recipient retires as a director of the Company
Conditions for lifting transfer restrictions
The eligible recipient must have continuously remained a director of the Company from the start of the transfer restriction period until the date of the first annual general meeting of shareholders held after the start of that period. In the event of retirement for a valid reason, part of the restrictions will be lifted in proportion to the number of months in office.
Reason for acquisition without consideration
If the eligible recipient retires without a reason deemed valid by the Board of Directors before the day preceding the date of the first annual general meeting of shareholders held after the start of the transfer restriction period, or if the transfer restrictions have not been lifted when the transfer restriction period expires. In the event of a corporate reorganization or similar event, the Company will also acquire without consideration any shares whose transfer restrictions have not been lifted.
Categories and Number of Persons Covered
Category and number of recipients: 4 directors of the Company, excluding outside directors; 1,305 shares
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 22 June 2026, which was ¥4,530. No discount or premium rate was stated.
Procedures under the Corporate Code of Conduct
At the annual general meeting of shareholders held on 23 June 2026, approval was obtained for the introduction of the restricted stock compensation plan, the total amount of compensation receivables, the maximum number of shares and the transfer restriction period. The decision was made by the Representative Director, Chairman and CEO following a resolution of the Board of Directors and consultation with, and a recommendation from, the Nomination and Compensation Committee.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 1,305 treasury shares |
| Issue price and disposal price | Issue/disposal price: ¥4,530 per share |
| Total issue value | Total issue price: ¥5,911,650 |
| Payment date | 10 July 2026 |
| Intended allottee | Name 4 of the Company's directors, excluding outside directors / Number of Shares 1,305 shares |
| Dilution Rate | 0.02% (as a percentage of the total number of issued shares as of 31 March 2026) |
| Total number of issued shares | 8,656,780 shares → Not disclosed |
| Basis for determining the amount to be paid | The closing price of the Company's common shares on the Tokyo Stock Exchange on 22 June 2026, which was ¥4,530. No discount or premium rate was stated. |
| Transfer restriction period | From 10 July 2026 until the date on which the eligible recipient retires as a director of the Company |
| Conditions for lifting transfer restrictions | The eligible recipient must have continuously remained a director of the Company from the start of the transfer restriction period until the date of the first annual general meeting of shareholders held after the start of that period. In the event of retirement for a valid reason, part of the restrictions will be lifted in proportion to the number of months in office. |
| Reason for acquisition without consideration | If the eligible recipient retires without a reason deemed valid by the Board of Directors before the day preceding the date of the first annual general meeting of shareholders held after the start of the transfer restriction period, or if the transfer restrictions have not been lifted when the transfer restriction period expires. In the event of a corporate reorganization or similar event, the Company will also acquire without consideration any shares whose transfer restrictions have not been lifted. |
| Categories and Number of Persons Covered | Category and number of recipients: 4 directors of the Company, excluding outside directors; 1,305 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥5,911,650 (the compensation limit is ¥20 million per year) |
| Procedures under the Corporate Code of Conduct | At the annual general meeting of shareholders held on 23 June 2026, approval was obtained for the introduction of the restricted stock compensation plan, the total amount of compensation receivables, the maximum number of shares and the transfer restriction period. The decision was made by the Representative Director, Chairman and CEO following a resolution of the Board of Directors and consultation with, and a recommendation from, the Nomination and Compensation Committee. |
Items this document does not state (13)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsIntended allottee's holding policyExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioMost recent equity financingMajor shareholders after the offeringImpact on Business Performance
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 enable the eligible directors to share with shareholders both the benefits and risks of share price fluctuations and to increase their motivation to contribute to higher share prices and enhanced corporate value.
How to read this page
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