Worth reading
54Recurring
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
59600
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much59,600Shares
59,600 common shares of the Company (treasury shares)
2 directors of the Company, excluding outside directors and directors who are Audit and Supervisory Committee members35,000 shares
6 executive officers of the Company20,000 shares
5 employees of the Company4,600 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.
¥417 per share
Total Stock-Based Compensation
Total monetary compensation receivables of ¥24,853,200. The total annual amount of monetary compensation receivables for eligible directors is capped at ¥50 million.
発行済株式総数
1.320% (of the total number of shares issued as of 31 March 2025)
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
5 August 2026 to 4 August 2056 (30 years)
Conditions for lifting transfer restrictions
Directors must remain in office continuously from the start date of the restriction period until the date of the first Annual General Meeting of Shareholders held thereafter. Executive officers and employees must remain in their respective positions continuously from the start date of the restriction period until the end of the first fiscal year ending thereafter. If a director retires from office or an executive officer or employee leaves employment for a valid reason, the restrictions will be lifted in part according to the period of service.
Reason for acquisition without consideration
If a director, executive officer or employee retires from office or leaves employment before the prescribed date, except where the Board of Directors recognizes a valid reason. Also, if any shares remain subject to the restrictions when the restriction period expires, or if any shares remain subject to the restrictions due to a corporate reorganization or other similar event.
Categories and Number of Persons Covered
2 directors of the Company, 35,000 shares; 6 executive officers of the Company, 20,000 shares; 5 employees of the Company, 4,600 shares
Intended allottee's holding policy
During the restriction period, the shares may not be transferred to a third party, pledged, made subject to a transfer security interest, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any way, and will be held and maintained in a designated account at SMBC Nikko Securities Inc. until the restrictions are lifted.
Payment date
5 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 15 July 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥417. No discount or premium was stated.
Procedures under the Corporate Code of Conduct
The introduction of the scheme was approved at the Annual General Meeting of Shareholders held on 27 June 2019. The eligible directors were revised at the Annual General Meeting of Shareholders held on 29 June 2022.
Impact on Business Performance
The dilution resulting from this disposal of treasury shares is immaterial in scale and is considered reasonable in light of the purpose of the scheme.
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 59,600 common shares of the Company (treasury shares) |
| Issue price and disposal price | ¥417 per share |
| Payment date | 5 August 2026 |
| Intended allottee | Category 2 directors of the Company, excluding outside directors and directors who are Audit and Supervisory Committee members / Number of Shares 35,000 shares, Category 6 executive officers of the Company / Number of Shares 20,000 shares, Category 5 employees of the Company / Number of Shares 4,600 shares |
| Intended allottee's holding policy | During the restriction period, the shares may not be transferred to a third party, pledged, made subject to a transfer security interest, gifted during the holder's lifetime, bequeathed or otherwise disposed of in any way, and will be held and maintained in a designated account at SMBC Nikko Securities Inc. until the restrictions are lifted. |
| Dilution Rate | 1.320% (of the total number of shares issued as of 31 March 2025) |
| Total number of issued shares | 4,514,301 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 15 July 2026, the business day immediately preceding the date of the Board of Directors' resolution, was ¥417. No discount or premium was stated. |
| Transfer restriction period | 5 August 2026 to 4 August 2056 (30 years) |
| Conditions for lifting transfer restrictions | Directors must remain in office continuously from the start date of the restriction period until the date of the first Annual General Meeting of Shareholders held thereafter. Executive officers and employees must remain in their respective positions continuously from the start date of the restriction period until the end of the first fiscal year ending thereafter. If a director retires from office or an executive officer or employee leaves employment for a valid reason, the restrictions will be lifted in part according to the period of service. |
| Reason for acquisition without consideration | If a director, executive officer or employee retires from office or leaves employment before the prescribed date, except where the Board of Directors recognizes a valid reason. Also, if any shares remain subject to the restrictions when the restriction period expires, or if any shares remain subject to the restrictions due to a corporate reorganization or other similar event. |
| Categories and Number of Persons Covered | 2 directors of the Company, 35,000 shares; 6 executive officers of the Company, 20,000 shares; 5 employees of the Company, 4,600 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥24,853,200. The total annual amount of monetary compensation receivables for eligible directors is capped at ¥50 million. |
| Procedures under the Corporate Code of Conduct | The introduction of the scheme was approved at the Annual General Meeting of Shareholders held on 27 June 2019. The eligible directors were revised at the Annual General Meeting of Shareholders held on 29 June 2022. |
| Impact on Business Performance | The dilution resulting from this disposal of treasury shares is immaterial in scale and is considered reasonable in light of the purpose of the scheme. |
Items this document does not state (12)
Total issue valueAmount of funds to be raisedEstimated issuance expensesSpecific use of fundsExercise 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 recipients with an incentive to achieve sustained growth in 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.