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
19588
Shares (maximum)Wording
Conditional
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation (grant of restricted stock through the Employee Stock Ownership Association)
Who receives how much19,588Shares
19,588 treasury shares (maximum)
Ohi Electric Employee Stock Ownership Association, 19,588 shares (maximum)
The lower thin line represents the existing number of shares to which these shares will be added.
¥5,340 per share (estimated amount; the higher of ¥5,340 and the closing price on the trading day immediately preceding the conditions determination date will be set on the conditions determination date)
Total issue value
¥104,599,920 (maximum; estimated amount)
発行済株式総数
1.46% (maximum basis, relative to 1,470,000 issued shares and 13,340 total voting rights)
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 the disposal date through 2 June 2031
Conditions for lifting transfer restrictions
Provided that an eligible employee remains a member of the Employee Stock Ownership Association throughout the restricted period, all of the allocated shares corresponding to the employee’s interest will be released from the restrictions upon expiration of the period. If the employee leaves the association due to death, expiration of the employment term, promotion to an officer position, or another reason deemed legitimate by the Company, the restrictions will be released on the settlement release date. In the event of a corporate reorganization or similar transaction, the restrictions will also be released at the prescribed time.
Reason for acquisition without consideration
Immediately after expiration of the restricted period or the time at which the restrictions are released, the Company will automatically acquire without consideration any allocated shares for which the restrictions have not been released.
Categories and Number of Persons Covered
Employees of the Company and its subsidiaries, up to 1,078 people; 4 to 20 shares per person depending on age (up to 19,588 shares in total)
Intended allottee's holding policy
During the restricted period, eligible employees may not withdraw the shares attributable to their interests in the association, or transfer, pledge, or otherwise dispose of them. Following the lifting of the restrictions, the shares will be transferred to ordinary interests.
Payment date
29 September 2026
Basis for determining the amount to be paid
The disposal price will be the higher of the ¥5,340 closing price on the Standard Market of the Tokyo Stock Exchange on 28 July 2026 and the closing price on the trading day immediately preceding the conditions determination date (5 August 2026). This represents -2.51% against the one-month average of ¥5,477, -3.82% against the three-month average of ¥5,552, and 1.31% against the six-month average of ¥5,271.
Procedures under the Corporate Code of Conduct
Because the dilution rate is below 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and confirming shareholders’ intentions are not required. All 3 directors serving as Audit and Supervisory Committee members expressed the view that the process for determining the disposal price was reasonable and appropriate.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation (grant of restricted stock through the Employee Stock Ownership Association) |
| Number of shares to be issued or disposed of | 19,588 treasury shares (maximum) |
| Issue price and disposal price | ¥5,340 per share (estimated amount; the higher of ¥5,340 and the closing price on the trading day immediately preceding the conditions determination date will be set on the conditions determination date) |
| Total issue value | ¥104,599,920 (maximum; estimated amount) |
| Payment date | 29 September 2026 |
| Intended allottee | Ohi Electric Employee Stock Ownership Association, 19,588 shares (maximum) |
| Intended allottee's holding policy | During the restricted period, eligible employees may not withdraw the shares attributable to their interests in the association, or transfer, pledge, or otherwise dispose of them. Following the lifting of the restrictions, the shares will be transferred to ordinary interests. |
| Dilution Rate | 1.46% (maximum basis, relative to 1,470,000 issued shares and 13,340 total voting rights) |
| Total number of issued shares | 1,470,000 shares (as of 31 March 2026) → Not disclosed |
| Basis for determining the amount to be paid | The disposal price will be the higher of the ¥5,340 closing price on the Standard Market of the Tokyo Stock Exchange on 28 July 2026 and the closing price on the trading day immediately preceding the conditions determination date (5 August 2026). This represents -2.51% against the one-month average of ¥5,477, -3.82% against the three-month average of ¥5,552, and 1.31% against the six-month average of ¥5,271. |
| Transfer restriction period | From the disposal date through 2 June 2031 |
| Conditions for lifting transfer restrictions | Provided that an eligible employee remains a member of the Employee Stock Ownership Association throughout the restricted period, all of the allocated shares corresponding to the employee’s interest will be released from the restrictions upon expiration of the period. If the employee leaves the association due to death, expiration of the employment term, promotion to an officer position, or another reason deemed legitimate by the Company, the restrictions will be released on the settlement release date. In the event of a corporate reorganization or similar transaction, the restrictions will also be released at the prescribed time. |
| Reason for acquisition without consideration | Immediately after expiration of the restricted period or the time at which the restrictions are released, the Company will automatically acquire without consideration any allocated shares for which the restrictions have not been released. |
| Categories and Number of Persons Covered | Employees of the Company and its subsidiaries, up to 1,078 people; 4 to 20 shares per person depending on age (up to 19,588 shares in total) |
| Procedures under the Corporate Code of Conduct | Because the dilution rate is below 25% and the transaction does not involve a change in the controlling shareholder, obtaining an opinion from an independent third party and confirming shareholders’ intentions are not required. All 3 directors serving as Audit and Supervisory Committee members expressed the view that the process for determining the disposal price was reasonable and appropriate. |
Items this document does not state (13)
Amount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise priceExercise periodNumber of Stock Acquisition RightsTotal Stock-Based CompensationUnderwriter / 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 support employees’ asset formation, provide incentives for the sustainable enhancement of corporate value, and promote the sharing of value between employees and shareholders.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.