Worth reading
50Recurring
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
4500
SharesWording
Definitive
How definitive the wording is.Details of issuance or disposal
Disposal of treasury shares as restricted stock compensation
Who receives how much4,500Shares
4,500 common shares of the company (treasury shares)
4 directors (excluding directors who are Audit and Supervisory Committee members)3,400 shares
4 directors who are Audit & Supervisory Committee members1,100 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.
¥3,190 per share
Amount of funds to be raised
The total monetary compensation receivables of ¥14,355,000 will be contributed in kind, so there will be no cash proceeds. Estimated net proceeds: Not disclosed
Total Stock-Based Compensation
Total monetary compensation receivables of ¥14,355,000
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
30 years, from 7 August 2026 to 7 August 2056
Conditions for lifting transfer restrictions
Provided that the recipient continuously holds a position as a director, employee or other equivalent position of the company or one of its subsidiaries during the transfer restriction period, all transfer restrictions will be lifted when the period expires. If the recipient retires or resigns upon expiration of the term of office, reaching the mandatory retirement age or for another legitimate reason, the restrictions will be lifted on the number of shares corresponding to the recipient’s period of service.
Reason for acquisition without consideration
The company will acquire without consideration any of the allocated shares whose transfer restrictions have not been lifted when the transfer restriction period expires or when the transfer restrictions are lifted. The company will also acquire without consideration any shares whose transfer restrictions are not lifted in connection with a corporate reorganization.
Categories and Number of Persons Covered
4 directors (excluding directors serving as Audit and Supervisory Committee members), 3,400 shares; 4 directors serving as Audit and Supervisory Committee members, 1,100 shares
Intended allottee's holding policy
During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period runs from 7 August 2026 to 7 August 2056.
Payment date
7 August 2026
Basis for determining the amount to be paid
The closing price of the company’s common shares on the Standard Market of the Tokyo Stock Exchange on 9 July 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥3,190. Discount rate and premium rate: Not disclosed.
Impact on Business Performance
The impact of this disposal of treasury shares on business performance is not disclosed
| Item | Details |
|---|---|
| Type of issuance or disposal | Disposal of treasury shares as restricted stock compensation |
| Number of shares to be issued or disposed of | 4,500 common shares of the company (treasury shares) |
| Issue price and disposal price | ¥3,190 per share |
| Amount of funds to be raised | The total monetary compensation receivables of ¥14,355,000 will be contributed in kind, so there will be no cash proceeds. Estimated net proceeds: Not disclosed |
| Payment date | 7 August 2026 |
| Intended allottee | Category 4 directors (excluding directors who are Audit and Supervisory Committee members) / Number of Shares 3,400 shares, Category 4 directors who are Audit & Supervisory Committee members / Number of Shares 1,100 shares |
| Intended allottee's holding policy | During the transfer restriction period, the shares may not be transferred, pledged or otherwise disposed of. The transfer restriction period runs from 7 August 2026 to 7 August 2056. |
| Basis for determining the amount to be paid | The closing price of the company’s common shares on the Standard Market of the Tokyo Stock Exchange on 9 July 2026, the business day preceding the date of the Board of Directors’ resolution, was ¥3,190. Discount rate and premium rate: Not disclosed. |
| Transfer restriction period | 30 years, from 7 August 2026 to 7 August 2056 |
| Conditions for lifting transfer restrictions | Provided that the recipient continuously holds a position as a director, employee or other equivalent position of the company or one of its subsidiaries during the transfer restriction period, all transfer restrictions will be lifted when the period expires. If the recipient retires or resigns upon expiration of the term of office, reaching the mandatory retirement age or for another legitimate reason, the restrictions will be lifted on the number of shares corresponding to the recipient’s period of service. |
| Reason for acquisition without consideration | The company will acquire without consideration any of the allocated shares whose transfer restrictions have not been lifted when the transfer restriction period expires or when the transfer restrictions are lifted. The company will also acquire without consideration any shares whose transfer restrictions are not lifted in connection with a corporate reorganization. |
| Categories and Number of Persons Covered | 4 directors (excluding directors serving as Audit and Supervisory Committee members), 3,400 shares; 4 directors serving as Audit and Supervisory Committee members, 1,100 shares |
| Total Stock-Based Compensation | Total monetary compensation receivables of ¥14,355,000 |
| Impact on Business Performance | The impact of this disposal of treasury shares on business performance is not disclosed |
Items this document does not state (14)
Total issue valueEstimated issuance expensesSpecific use of fundsDilution RateTotal number of issued sharesExercise priceExercise periodNumber of Stock Acquisition RightsUnderwriter / lead underwriterOverallotmentStock Split RatioProcedures under the Corporate Code of ConductMost 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.The company considered the purpose of the restricted stock compensation plan, which is to provide medium- to long-term incentives and share value with shareholders, as well as the company’s business conditions, the scope of responsibilities of each eligible director and other relevant circumstances.
How to read this page
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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.