Worth reading
42Recurring
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
37765
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much
37,765 common shares of the Company (7 directors: 26,542 shares; 9 executive officers: 11,223 shares)
7 directors of the Company (excluding outside directors)26,542 shares
9 of the Company's executive officers11,223 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.
¥866 per share
Total issue value
¥32,704,490
Amount of funds to be raised
Total payment amount: ¥32,704,490; estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables: ¥32,704,490. The annual compensation limit for monetary compensation receivables granted to the eligible directors is ¥60 million or less.
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
From 4 August 2026 until the date on which the recipient retires from all positions as a director or executive officer of the Company
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as either a director or executive officer of the Company throughout the service period, all of the shares allocated under this arrangement will be released from the transfer restrictions when the transfer restriction period expires. In the event of retirement for a valid reason, the number of shares to be released and the release date will be reasonably adjusted as necessary.
Reason for acquisition without consideration
If any shares remain subject to transfer restrictions when the transfer restriction period expires, the Company will automatically acquire those shares without consideration. In the event of a corporate reorganization or similar transaction, the Company will automatically acquire without consideration any shares that remain subject to transfer restrictions as of the business day preceding the effective date.
Categories and Number of Persons Covered
Category Directors of the Company (excluding outside directors) / Number of Employees 7 / Number of allocated shares 26,542 shares, Category The Company's executive officers / Number of Employees 9 / Number of allocated shares 11,223 shares
Intended allottee's holding policy
Transfer restrictions will apply from 4 August 2026 until the date on which the recipient retires from all positions as a director or executive officer of the Company.
Payment date
4 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 6 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥866. No discount or premium was applied.
Procedures under the Corporate Code of Conduct
At the 79th Annual General Meeting of Shareholders held on 27 June 2023, approval was obtained for the introduction of a restricted stock compensation plan, including the total compensation amount and the maximum number of shares.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 37,765 common shares of the Company (7 directors: 26,542 shares; 9 executive officers: 11,223 shares) |
| Issue price and disposal price | ¥866 per share |
| Total issue value | ¥32,704,490 |
| Amount of funds to be raised | Total payment amount: ¥32,704,490; estimated net proceeds: Not disclosed |
| Payment date | 4 August 2026 |
| Intended allottee | Name 7 directors of the Company (excluding outside directors) / Number of Shares 26,542 shares, Name 9 of the Company's executive officers / Number of Shares 11,223 shares |
| Intended allottee's holding policy | Transfer restrictions will apply from 4 August 2026 until the date on which the recipient retires from all positions as a director or executive officer of the Company. |
| 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 on 6 July 2026, the business day preceding the date of the Board of Directors' resolution, was ¥866. No discount or premium was applied. |
| Transfer restriction period | From 4 August 2026 until the date on which the recipient retires from all positions as a director or executive officer of the Company |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as either a director or executive officer of the Company throughout the service period, all of the shares allocated under this arrangement will be released from the transfer restrictions when the transfer restriction period expires. In the event of retirement for a valid reason, the number of shares to be released and the release date will be reasonably adjusted as necessary. |
| Reason for acquisition without consideration | If any shares remain subject to transfer restrictions when the transfer restriction period expires, the Company will automatically acquire those shares without consideration. In the event of a corporate reorganization or similar transaction, the Company will automatically acquire without consideration any shares that remain subject to transfer restrictions as of the business day preceding the effective date. |
| Categories and Number of Persons Covered | Category Directors of the Company (excluding outside directors) / Number of Employees 7 / Number of allocated shares 26,542 shares, Category The Company's executive officers / Number of Employees 9 / Number of allocated shares 11,223 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables: ¥32,704,490. The annual compensation limit for monetary compensation receivables granted to the eligible directors is ¥60 million or less. |
| Procedures under the Corporate Code of Conduct | At the 79th Annual General Meeting of Shareholders held on 27 June 2023, approval was obtained for the introduction of a restricted stock compensation plan, including the total compensation amount and the maximum number of shares. |
Items this document does not state (12)
Estimated issuance expensesSpecific use of fundsDilution RateExercise 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 provide an incentive for the sustained enhancement of the Company's corporate value and to further promote the sharing of value with 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.